•  TWeaK   ( @TWeaK@lemm.ee ) 
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      1711 months ago

      The red flag is that they quietly added crypto and made it opt-out by default. They have a history of shady things like this over the years, such as using ad referral links. Immediately after they get caught, they go on a marketing campaign and drown out the controversy with an influx of new users.

      They basically act like it would only take a small sack of money to get them to sell all their users down the river.

      • the red flag for me is that they have anything to do with cryptocurrencies at all. Anything else is superfluous details.

        I view anything to do with cryptocurrency as a scam. Which, I have found, is the safest bet to make.

        •  TWeaK   ( @TWeaK@lemm.ee ) 
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          411 months ago

          It’s incredibly volatile as an investment, so yes avoiding it would be safest.

          Cryptomining as a feature in software is most definitely a scam.

    • Yep.

      Crypto is nothing but a scam that the lowest common denominators are constantly fooled into thinking its their get rich quick method, only to be shocked when they lose all their money.

      Anyone involved in crypto is a scam.

      anyone pushing crypto is either a scammer or a brainless moron.

      Any company or group sneakily putting crypto in their shit deserves to be burned to the ground, metaphorically speaking, and the ashes pissed in .

      • I agree, but it’s a shame that crypto has garnered this reputation as a get rich quick scheme. It reaally had the potential to upend digital currency and end our reliance on banks.

        Currency only has value when people think it has value. And at this point, the current state of bitcoin, the largest crypto, isn’t very great.

        Monero is a good contender for digital currency, as it has privacy set on default and it follows the spirit of the bitcoin whitepaper than bitcoin ever did, imo. Its value is stable, and more privacy companies are accepting it as a valid currency for their services (mullvad, for example)

        •  Dubious_Fart   ( @Dubious_Fart@lemmy.ml ) 
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          11 months ago

          Crypto has garnered that reputation, because thats all it is. Since its inception. Its never been anything but… Anyone who thinks otherwise were just people who fell for the scam.

          Its nothing but a MLM for idiot techies who think they are smart, but would totally pick up a USB drive in the parking lot and plug it into a critical system to find out whats on it.

      •  neosheo   ( @neosheo@beehaw.org ) 
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        311 months ago

        I don’t think monero is a scam. It’s barely listed on any exchanges cuz it’s been banned for it’s privacy tech and the team behind it is really dedicated to one thing: privacy, they even helped fixed tor network

      • They implement profile syncing (bookmarks, cookies, history, etc) using blockchain. AFAIK the data is encrypted with your private key which is derived from a mnemonic phrase, so it’s probably ZK.

        • if only I can access it anyway, why the hell does it need to be on a blockchain in the first place? I still don’t want everyone to have a copy of it even if it is encrypted. Nobody else should ever need it. I’d rather just sync that data between my own devices, and not everyone else’s