El Salvador Plans to Use Electricity Generated from Volcanoes to Mine Bitcoin

Re:El Salvador Plans to Use Electricity Generated from Volca... by ostenning on Friday June 11, 2021 @07:29AM (#27471866)

Exactly, people who claim btc is anonymous don’t know what they are talking about. You can literally trace every transaction ever made, and given nearly all on-off ramps to fiat require KYC, btc itself is not the problem.

The problem comes from privacy coins like Monero, which arguably should be outlawed (if not already)

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Re:El Salvador Plans to Use Electricity Generated from Volca... by cinntaile on Friday June 11, 2021 @07:45AM (#27471999)

Regarding privacy coins... This sounds a bit dystopian though, why do you think the state should have a right to see your entire transaction history?

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Re:El Salvador Plans to Use Electricity Generated from Volca... by selsta on Friday June 11, 2021 @11:38AM (#27474776)

> The problem comes from privacy coins like Monero, which arguably should be outlawed (if not already)

Are you also in favour of outlawing Tor, E2EE, HTTPS? I am always surprised that some people want privacy outlawed.

Disclaimer: Monero contributor

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Re:El Salvador Plans to Use Electricity Generated from Volca... by Hendrikto on Friday June 11, 2021 @07:37AM (#27471918)

> The problem comes from privacy coins like Monero, which arguably should be outlawed (if not already)

You cannot (and should not try to) outlaw maths.

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Re:El Salvador Plans to Use Electricity Generated from Volca... by jMyles on Friday June 11, 2021 @07:43AM (#27471985)

Can you imagine the price spike the day that's announced?

But also: outlaw where? Math doesn't recognize borders; the two are like oil and water.

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