Tell HN: We have a responsibility to speak out against blockchain technologies

Re:Tell HN: We have a responsibility to speak out against bl... by cuteboy19 on Friday January 28, 2022 @07:56PM (#30122617)

As a crypto critic, monero is basically the only useful innovation to come out of crypto. Unfortunately, most people buy crypto on exchanges so the idea of decentralised, uncensorable etc are really oversold

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Re:Tell HN: We have a responsibility to speak out against bl... by riskneutral on Saturday January 29, 2022 @04:04AM (#30124926)

> As a crypto critic, monero is basically the only useful innovation to come out of crypto.

I sort of agree with this assessment. I think it depends on what you mean by useful. Unfortunately, the only real-world, practical use of Monero is money laundering. I wouldn't want to trade a currency or work on a technology whose best use case is helping violent drug cartels conduct their financial transactions.

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Re:Tell HN: We have a responsibility to speak out against bl... by thrwn_frthr_awy on Friday January 28, 2022 @08:01PM (#30122649)

Can you explain that more? I'm not familiar with Monero. What apps couldn't be made without it?

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Re:Tell HN: We have a responsibility to speak out against bl... by exdsq on Saturday January 29, 2022 @12:00AM (#30123933)

Monero is a privacy-focused cryptocurrency. It obfuscates transactions while keeping the technical perks of a decentralized ledger.

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Re:Tell HN: We have a responsibility to speak out against bl... by thrwn_frthr_awy on Saturday January 29, 2022 @02:57AM (#30124631)

Thank you. Would it correct to compare it to using cash in person, but online?

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Re:Tell HN: We have a responsibility to speak out against bl... by exdsq on Saturday January 29, 2022 @11:40AM (#30127716)

Yes! It’s a currency that’s probably closest to peoples intuitive ideas of what a cryptocurrency is. It absolutely can be used for criminal transactions but people who are very pro-privacy also argue for it.

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Re:Tell HN: We have a responsibility to speak out against bl... by cuteboy19 on Saturday January 29, 2022 @09:01AM (#30126334)

Yes, it is the international cash for drug dealers and the like

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