this post was submitted on 21 Mar 2025
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Buy European

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[โ€“] brucethemoose@lemmy.world 3 points 1 week ago (2 children)

Stablecoin is a thing. So is a system to control inflation.

The more pressing issue to me is the core premise: a totally anonymized but publicly recorded financial system makes no sense, especially when the user generally wonโ€™t grasp it. Itโ€™s just begging for thieves and scammers, and thatโ€™s what it got.

[โ€“] 01011@monero.town 4 points 6 days ago (1 children)
[โ€“] BedSharkPal@lemmy.ca 0 points 6 days ago (1 children)

Doesn't it use proof of work? Why the hell would anyone torch the planet for crypto? If they switch to something like proof of stake then maybe... like Nano, but anonymized sounds great.

[โ€“] 01011@monero.town 1 points 5 days ago

And proof of stake provides yet another advantage to the already wealthy.

[โ€“] someguy3@lemmy.world 3 points 1 week ago* (last edited 1 week ago) (1 children)

But if you can't get rich, no one wants to buy it or use it. This is the conundrum of crypto.

[โ€“] brucethemoose@lemmy.world 3 points 1 week ago

Yeah, and that toxic idea has completely poisoned the well.