Re:Green hackers around the world, let’s destroy Bitcoin
by mk4p on Sunday February 07, 2021 @09:20AM
(#26055174)
> And as recent evidence goes, no crypto gives you respite from the law - on the contrary, it will bind you in constant avoidance of the law.
Even Monero?
Re:Green hackers around the world, let’s destroy Bitcoin
by fakedang on Sunday February 07, 2021 @12:57PM
(#26056694)
I suspect Monero is too privacy oriented to become a mainstream investment product like BTC. Tbh, I believe that, although it doesn't hurt you to hold it, any crypto currency only has actual fiat equivalence in a darknet market (elsewhere there is a nice substitute called cash/credit), which is the sole market that demands privacy by nature. All other markets solely use BTC as an investment class and explicitly require that you forgo your privacy in some form or the other. Monero's focus on the former might make it bitter-tasting for the regulators of the latter.
If BTC were somehow linked to and used to solve some of the world's most pressing problems such as modelling protein folding or some equally significant problem, then that would make it partly energy efficient. I don't know of any such crypto, and I think I've heard of only one such crypto that's somewhat like that. And as recent evidence goes, no crypto gives you respite from the law - on the contrary, it will bind you in constant avoidance of the law.