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Visa Could Ruin the Internet (www.youtube.com)
submitted 5 months ago by to c/privacy@programming.dev
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What if you woke up tomorrow and completely lost access to your bank account, credit cards, PayPal, and Venmo, all because of something you posted online?

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[–] 1 point 5 months ago (3 children)

The problem with all of that is the "and other crypto" bit nestled in there.

You KNOW crypto on-the-whole is bad for humans, because the Orange Menace is promoting it.

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  • [–] 2 points 5 months ago (2 children)

    "and other crypto" is there because the technology is still developing. I love Monero because it's private, and it's effectively the only way we have right now to make payments anonymously. But it also uses proof-of-work, aka bad for the environment. A choose-between-two-evils situation. But I'm confident a proof-of-stake coin can have the same privacy properties of Monero without the environmental concerns. That's why I talk about crypto the technology as a whole, and not specifically Monero.

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  • [–] 2 points 5 months ago (1 child)

    I can agree that value proposition was a siren song, and that I backed a Fistful of POS coins POST coins during the second and third crypto waves , but I fully exited that space because I believe it is inherently exploitable and that the technologies will not be a net benefit for humans.

    I get that a few of the tech firms I like including MullVad VPN company accept Monero as payment and I too want there to be financial networks which the US dollar and its interests can't lock people out of. But seeing the radical swings of Monero valuation, and it being the best example you and I have got, means the landscape is pretty disappointing for me because it will be pretty inaccessible for others.

    At this point I'm just trying to learn how to get an intl bank account which will allow me to interface with BRICs.

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