Post Al15uBQCSzBh7VEexs by disabled@shota.house
(DIR) More posts by disabled@shota.house
(DIR) Post #Al15R3LpOSb3gxIfPk by flashre@baraag.net
2024-08-16T02:50:27Z
1 likes, 1 repeats
You know I feel like crypto people have lost sight of the whole point of crypto. I caught sight of a thread on twitter which basically boiled down to they were pissed the people they were hiring were NK workers using fake ID's, and that because of that their funds were moved moved to a country they couldn't control. The whole point of crypto was it was supposed to be anonymous. You weren't supposed to know who you were trading with, or where the money was going. KYC should not exist. Ever.
(DIR) Post #Al15uAfPGxl0mNLI1o by flashre@baraag.net
2024-08-16T06:21:26Z
0 likes, 0 repeats
@EscBoy Yeah, it's the only reason I'd want to use it too.
(DIR) Post #Al15uBQCSzBh7VEexs by disabled@shota.house
2024-08-16T06:52:22.744016Z
0 likes, 0 repeats
@flashre @EscBoy There are so many cryptocurrencies which are just essentially stocks, except without any of the protection you have when actually investing in the stock market. So few serve a purpose beyond putting money in them and hoping to make a return. Though there are a handful of functional currencies that have a purpose outside their monetary value.Monero is the only cryptocurrency I feel is worth using for actual finance purposes. Private by default is what all cryptocurrencies should strive for, but in reality cryptocurrency (outside of monero) is less private than pretty much every other form of payment.If you give me your crypto address for pretty much anything except Monero, I can see your wallet. I can see how much money is in that wallet, what you have spent, who you have sent money to and basically the entire history of your coins. Monero is what people think crypto is.100% agree with the original post, by the way, KYC is not for me. I actively avoid services that require KYC.