• shortwavesurfer
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    5 months ago

    monero is the answer to this. Divisible into smaller parts and the fees cant go stupid high because of a dynamic block size. Fees are <=USD$0.01 per transfer and its being used as money not just for speculation.

    • Architeuthis@awful.systems
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      5 months ago

      It’s used for actual payments because it’s shamelessly crime friendly even by crypto standards, not because it has better block size handling.

      This is why it’s being increasingly blacklisted by exchanges facing regulatory pressure, which I would assume is why it’s supposedly not speculated on that much.

      • shortwavesurfer
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        5 months ago

        Actually, that is a pretty good endorsement because if it can be used to commit crime, then that means that it remains private, which is why the government wants it off of exchanges so people can’t easily get it. If they wanted to prevent crime, they would outlaw the US dollar first.

        • Soyweiser@awful.systems
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          5 months ago

          Facilitating ransomware is good actually, is quite the take. But yeah this is a ‘we dislike all cryptocurrencies’ zone.

          • shortwavesurfer
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            5 months ago

            Lol. I don’t particularly like ransomware, but I am willing to deal with it to have privacy. Because the privacy to run ransomware gives regular people the privacy to do what they want to do that’s perfectly legal. Take an extreme example. Forks should be banned because you can stab people with them. Maybe five people die per year of being stabbed by forks, but hundreds of millions of people eat with them and never stab anybody, so they should all be banned.

            • Amoeba_Girl@awful.systems
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              5 months ago

              Oh please do tell us more about all the legal activity you’re getting up to! What kinds of things are you buying?

              • shortwavesurfer
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                5 months ago

                I buy groceries, pay my phone bill, insurance, domain, email provider, etc.

            • Soyweiser@awful.systems
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              5 months ago

              I’m already missing r/bitcoins usertags. You certainly deserve one.

              Bonus of no longer being on reddit, when weird people get banned they no longer can DM me personally because they confused me for being a reasonable person open to hearing more.

            • gerikson@awful.systems
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              5 months ago

              Except with crapto the proportion is the other way round, thousands of people use them to commit crimes but only tens of people use them legitimately.

              So banning forks is a dumb thing, banning crapto is a boon to humanity.

              • shortwavesurfer
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                5 months ago

                Chain analysis companies even admit that about 1% of crypto use is for criminal activity. The other 99% is lawful use

                • bitofhope@awful.systems
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                  5 months ago

                  Shit, here I thought that at least buying illegal drugs was a somewhat defensible reason to deal in crypto and now you’re telling me 99% of it is not even for that?

                  You’re not making monero look cooler, you’re just making digital privacy look worse.

                  • David Gerard@awful.systemsOPM
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                    5 months ago

                    the 1% claim is a distorted version of a report from Chainalysis that said 1.5% of bitcoin use was definitely identified as crime

                    even then, they calculated this by carefully ignoring most of the crime

                • self@awful.systems
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                  5 months ago

                  brings up monero

                  about 1% of crypto use is for criminal activity. The other 99% is lawful use

                  time for you to fuck off now

                  • self@awful.systems
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                    5 months ago

                    and of course their entire post history is just generic crypto misinformation with a weird monero obsession

            • flere-imsaho@awful.systems
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              5 months ago

              i, knowing the effects of ransomware on various institutions, am willing to deal with people who are willing to deal with it (on other people’s systems) by kicking said people in the face. i hope you don’t mind, nothing personal, really, just a policy matter.