this post was submitted on 02 Aug 2024
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Monero

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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

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Monero, XMR, crypto, cryptocurrency

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Pass this URL on to those considering crypto for the first time, or to a BTC maxi to watch their head explode, lol.

Bitcoin's Co-optation by the Financial System and the Rise of Monero: A Critical Analysis

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[–] ReversalHatchery@beehaw.org 5 points 1 month ago (1 children)
[–] venke@monero.town 1 points 1 month ago (1 children)
[–] ReversalHatchery@beehaw.org 2 points 1 month ago (1 children)

The website is garbage though, it does not work without scripts and archive.org can't make a working archive of it, which is so rare that I suspect it's intentional. archive.today was able to make one though

[–] tusker@monero.town 1 points 1 month ago (1 children)

It is a decentralized social network, the site is just a frontend to the content.
It is best used with the desktop or mobile app which bypasses DNS and hosting service and talks directly to the nodes.

https://bastyon.com/applications

[–] ReversalHatchery@beehaw.org 1 points 1 month ago

Ok, but I don't want to install anything to read a linked post, because then it has unnecessarily more capabilities compared to when it's confined to a web browser. Also, there's no excuse for breaking archiving sites.

[–] delirious_owl@discuss.online 1 points 1 month ago
[–] hfondmanager@monero.town 1 points 1 month ago* (last edited 1 month ago)

Re-hypothecation ... leading to a situation where multiple claims exist on the same Bitcoin holdings.

effectivily dilluting the as-if supply with derivatives: leveraged gains for banks.

They are selling non-existant stuff (like with the big XMR price manipulation) -- we'd need a mechanism of price discovery which distinguishes between real and paper. Monero on exchanges has the same problem. Weren't we supposed to be delisted from this scam?