I was wondering what viewpoints and opinions this community has when it comes to cryptocurrency.

Personally, I’m not against it, but I’m not for it either. I like the concept of bringing back cash anonymity, and also decentralization (obviously). Although I don’t think it will be viable for at least another decade.

  •  Kissaki   ( @Kissaki@feddit.de ) English
    30•6 months ago

    A public forever storage of all transactions is not good but bad for privacy.

    Send money to someone and they can see your wallet and all transactions.

    Identifying wallet owners may require different levels of effort. But that’s kinda besides the point.

      •  Pup Biru   ( @pupbiru@aussie.zone ) 
        23•6 months ago

        and here lies the issue with asking about crypto in non-crypto circles… everyone thinks they completely understand blockchain in its entirely. what they actually have is a rudimentary understanding of a single blockchain as it was literally 15 years ago

        of course the problem with asking in crypto circles is that they’re all trying to sell you their new big thing which is probably total trash

        so really there’s no good way to ask and get reasonable answers about crypto

    •  GolfNovemberUniform   ( @GolfNovemberUniform@lemmy.ml ) 
      2•6 months ago

      Manual targeted identification is possible even if you use public WiFi + VPN + Tor with 100 nodes. It’s just a matter of user behavior analysis. Same goes with anything digital nowadays. You’re either protected only from automatic spyware (Google, Meta etc) or not protected at all. At least some entity you’re interacting with (whether it’s a website, a person, a company or whatever else) is going to have some sort of tracking to it unless there are no network devices and physical surveillance agents in the area. Finding someone isn’t hard. It sometimes can require irl interrogation though. At least that’s what I know. Even if something I said isn’t true, digital cryptocurrency transactions are still a little bit better than using a credit card (maybe unless you buy a fake entity but that’s still breakable). I don’t know any better alternatives (cash doesn’t count because it’s not digital)