kartonrealista

@kartonrealista@lemmy.world

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⁨Comment⁩ on ⁨Monero Project admits thieves stole 6-figure sum from a wallet in mystery breach⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:
You have no idea what that phrase means.

The “immutable” I’m talking about here is not in the sense of “immutable OS”, but rather immutable like punched cards. You literally needed to punch another set of cards if your program contained a bug.
⁨Comment⁩ on ⁨Monero Project admits thieves stole 6-figure sum from a wallet in mystery breach⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

umber of crypto services (including Monero) that offer a middleman type service to allow you to spend XMR and have a business get fiat.

So you buy Monero with fiat, just to convert that Monero to fiat again, so the vendor can receive fiat? What for?
⁨Comment⁩ on ⁨Monero Project admits thieves stole 6-figure sum from a wallet in mystery breach⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

There are plenty of stable coins that are stable, such as USDC.

For now. All the stable coins that failed were stable until they weren’t. What incentive is there to actually providing that kinda service, if you won’t make money with it?

Ethereum exists to allow for programmatic transactions (ie: you pay a program to do something, and it’ll get done)

NFTs. SAY THEIR NAME

And remember what a resounding success Wolf Game was? As a hobbyst programmer I can tell you there isn’t an idea dumber that putting code into something immutable, that you have to destroy, create anew, rename the new thing you made to the old one, while paying for each step of the process, just so that you can fix a bug is a terrible idea.

It’s pretty natural that what ended up being contained in those smart contracts was links to jpegs - it’s much harder to mess that up than an actual interactive program.

I have too many people hammering me with comments to respond to all your points. I spend like an hour writing responses to you goobers, unless I see something really stupid I’m not responding any further.

So a quick round: 3&6 social engineering is far more common than simply hacking your account. So no, it’s the opposite. Also, 6- completely false, why do you think they avoid using bank accounts?

5- I gave you an example where someone would know your identity - if you’re using it in a non-anonymous context, like getting paid. It could also be the case when buying something, with your name/delivery address. Unless you go off chain, there is no point of setting up new accounts, as transactions can be traced and connected to the intermediate accounts.

4- Financial policy is decided by elected representatives. Corruption is an issue, but in crypto it’s built-in.
⁨Comment⁩ on ⁨Monero Project admits thieves stole 6-figure sum from a wallet in mystery breach⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

Theatge amount of energy you mention is really only relevant to proof of work. You’ve mentioned proof of stake etc - so you should know that. The energy requirements for “proof” techniques such as PoS is negligible

It can’t compete with payment processors. Proof of stake is also basically just oligarchy, while proof of storage is a waste of hardware. All of them center their validation process on big money investors, who either have a lot of hardware or a lot of money to stake.

Although, I don’t know of anyone that gets their salary into their crypto wallet.

So it would be useless for things normal money is useful for? Where’s the revolution in banking that I heard about? Banking the unbanked?

Regarding on chain transaction transparency, there are some chains that are like this (bitcoin), and there are some chains that are not (monero).

Here you provided users privacy at the cost of making criminals completely untraceable. Bravo.

How about a bank account, where people who know you won’t know your transaction history but police can catch people participating in organized crime?

I don’t think crpyto will solve all of.humans problems, but I might just help with some

Which ones? I have not heard of one use case, only excuses from you guys.
⁨Comment⁩ on ⁨Monero Project admits thieves stole 6-figure sum from a wallet in mystery breach⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:
My point is there isn’t any other usage to it. People won’t use Monero for buying their groceries or online shopping, but its nature lends itself to being used to commit crimes. Cash at the very least has serial numbers - you could possibly track that.

The reasons why it isn’t suitable to be used as a currency are exactly what I listed, and you failed to interrogate: volatility, lack of consumer protections, anonymity for wrongdoers, extremely high transaction fees and energy usage, consensus protocols favoring big money and the inability to perform even a basic rollback without splitting the entire economy of your chain in twain. It is especially unsuitable for e-commerce, since you could just have someone send you someMy point is there isn’t any other usage to it. People won’t use Monero for buying their groceries or online shopping, but its nature lends itself to being used to commit crimes.

With e-commerce, you could have someone send you some coins and then not deliver the product. What are they gonna do, get a non-existent chargeback?
⁨Comment⁩ on ⁨Monero Project admits thieves stole 6-figure sum from a wallet in mystery breach⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

In the first sentence reiterated insults

Nope. Just pointing out how the feature Monero boasts about (transaction obfuscation) made it a great pick for the conversion target for the ransom bitcoins obtained from the WannaCry cyber attack.
⁨Comment⁩ on ⁨Monero Project admits thieves stole 6-figure sum from a wallet in mystery breach⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:
Ah yes, Monero, from the WannaCry incident, the premier currency for criminals. Also I’ve made a detailed list of points and most of them (except 1, which is about stablecoins and 5, which only half-applies) apply to Monero. It’s still proof of work, so it wastes energy, it still destroys consumer protections, is perfect for scams and makes it even harder for authorities to pursue criminals. And it is still a bigger fool scam, despite being useful for criminals.

“a trading card site and two unlicensed online banks went broke so you’re stupid for buying Cisco stock” right after the dot com crash.

Ftx was one of the largest exchanges for the whole of the crypto market. This is like Goldman Sachs, Wells Fargo and Deutsche Bank all going bankrupt and their execs sentenced to prison at the same time.
⁨Comment⁩ on ⁨Monero Project admits thieves stole 6-figure sum from a wallet in mystery breach⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:
You have to be quite stupid to support crypto in 2023, after Luna, Ftx, NFTs, all the rugpulls and explicit pump and dumps, you morons just keep coming back for more. That last paragraph is pure comedy gold - you’re so close to self-awareness it hilarious.
- All stablecoins are not stable and a scam, algorithmic ones can’t work, since they mimic death spiral financing, and the other ones just gamble their clients money
- Every non-stable coin is just a bigger fool scam, since there is no use case for crypto, so no way to derive a non-speculative value (beyond selling illegal drugs, 419 scams, and couple of enthusiasts trading it personally as donations and the like)
- Crypto destroys customer protections, to do a rollback a few bad transactions you have to convince the entire chain to back you and force a fork, creating an alternative, competing version of the economy
- All consensus mechanisms are geared to allow the wealthy to control the crypto economy, whether it’s proof of stake, work or storage, since you can buy all those things with money. They also waste inordinate amounts of energy which translates to an exorbitant transaction cost compared to payment processors like Visa or MasterCard
- Crypto gives great privacy protections to anonymous criminals and scammers and destroys privacy for anyone using the system as a honest user. If you used your crypto wallet as a bank account, anyone with whom you interacted on the blockchain in a non-anonymous capacity (like, idk, your boss at work, sending you your salary) knows your wallet address, and can figure out where your money is going. You can’t hide your dildo purchases or campaign contributions from your employer, no matter how many intermediate accounts you create, there will always be a trace. How fun
- Crypto aims to prevent man-in-the-middle attacks, when most attacks nowadays are done through social engineering, which crypto makes trivial, due to it’s write-only nature. 419 “Nigerian prince” scammers love crypto - because just like their other favorites money transfer through Western Union or MoneyGram and gift cards it’s an irreversible payment method. If you pay with your bank account or PayPal, you can dispute transactions or get a chargeback, aside from forking the whole chain there ain’t no way you’re doing that with crypto. This also makes it perfect for retail scams.
⁨Comment⁩ on ⁨Firefox will support at least 200 new extensions on Android this December⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:
People are becoming more conscious of stuff plenty of us have been aware for quite some time already. The idea that a browser made by a corporation who harvests your data for the purpose of advertising doesn’t give a shit about privacy and will try to block adblockers is not something some people weren’t expecting - but normies are getting this shoved in their face with YouTube giving them the anti-adblock notification.

Firefox (and it’s clones) is basically the only other choice - all the other (major) browsers (that aren’t Safari) are based on Chromium, which is developed by Google.
⁨Comment⁩ on ⁨Could Cruise be the Theranos of AI? And is there a dark secret at the core of the entire driverless car industry?⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:
Traffic jams.
⁨Comment⁩ on ⁨Could Cruise be the Theranos of AI? And is there a dark secret at the core of the entire driverless car industry?⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

And I don’t expect most rides to be single occupancy. People will opt for shared rides if they are substantially cheaper,

Bus. That’s called a bus. It can also fit more than five people and doesn’t use as much energy to transport each person. You just reinvented a shittier bus
⁨Comment⁩ on ⁨X Social Media is suing X, a social media company⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:
So is apple. Just because it’s generic doesn’t mean it’s not protected by trademark law. Trademarks are also first come first serve, exclusive to a given industry (so you could call your company Apple or X, but it better be not in a business where it’s already trademarked). They’re also use it or lose it, and you basically have to sue others using it if you want to keep it.

Obviously the logo isn’t just the character X, it’s a character X in particular font. If they used the same one they would be violating their trademark.
⁨Comment⁩ on ⁨Most and Least Verbose Programming Languages⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:
Why would golfscript be more verbose than some others? Isn’t it made for golfing?
⁨Comment⁩ on ⁨Does The US President have a better chance to win a second term with or without Kamala Harris?⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:
Compared to what? Trump? DeSantis? I don’t think so.
⁨Comment⁩ on ⁨Does The US President have a better chance to win a second term with or without Kamala Harris?⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:
Never say never, but I don’t think it matters all that much. But answering your question, incumbent changing their running mate seems tantamount to admitting failure and you want people to view your administration as successful.
⁨Comment⁩ on ⁨What's the deal with the Armenia / Azerbijan conflict? Is there a right side to take?⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:
Armenia is the weaker side. Azerbaijan has to deal with refugees from Nagorno-Karabakh because of Armenia but they have been overstepping their previous claims in recent years. I don’t see a good side to this, but currently Armenia is the least bad side.