this post was submitted on 24 Jul 2024
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Privacy
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Spoken like a true bagholder. Cryptocurrencies are a ponzi scheme.
This is why you'll have no privacy when cash is gone, as said below.
Your ponzi scheme won't save you then. There are no technical solutions to a purely political problem.
But I'm already solving my problem with libre software. Which one of your comments give me a better solution?
So you are buying your groceries with that ponzi coin? Besides, if cash is made illegal cryptocurrencies are definitely also illegal and no legitimate business will accept them.
This gives no solution.
The solution is to vote for privacy preserving policies. The only thing tech will do is taking your money while promising something that is impossible to implement, leaving you with nothing. Technological solutions are fundamentally ill suited to solving this issue.
I'm already doing that. It's not working.
Well, do it harder then. Ponzi coin isn't a solution either.
Agreed, proprietary money is a scam.
Ok, and yet you still practically can't buy anything but drugs with your crypto coins. They are also valued in 'proprietary money'. Even in the unlikely event that privacy friendly crypto currencies catch on, regulations will make these either completely illegal or their use will require KYC verification as is already the case for normal transactions. As I keep saying, whether we like it or not technological solutions are worthless for political problems. You can't code your way around a boot to your face.