knightly ( @knightly@pawb.social ) 40•2 months agoI work in this industry and I can confirm that there’s fucking nothing ensuring the privacy of these transactions. Tens of thousands of people have full access to everyone’s credit card history, and that’s not counting unauthorized access and card skimmers.
shortwavesurfer ( @shortwavesurfer@monero.town ) 6•2 months agoMakes me glad I use Monero because nobody besides me and the recipient has access to that transaction.
umbrella ( @umbrella@lemmy.ml ) 6•2 months agothe bank worker i interacted with the other day just casually had access to everything
delirious_owl ( @delirious_owl@discuss.online ) 6•2 months agoDon’t use credit cards. Use cash (or Monero if buying online).
shortwavesurfer ( @shortwavesurfer@monero.town ) 6•2 months agoExactly. Those are the only two ways of ensuring privacy.
delirious_owl ( @delirious_owl@discuss.online ) 1•2 months agoWell, there’s zcash too
shortwavesurfer ( @shortwavesurfer@monero.town ) 6•2 months agoYes, but since their chain has transparent and private transactions, then somebody knows you did a private transaction, which is still a problem. It becomes a, why didn’t you use a public transaction? What did you buy with that private transaction? Why did you need that private transaction? Why couldn’t it have been a public transaction?
With Monero, since all transactions are private at all times, there’s no need to ask that.
delirious_owl ( @delirious_owl@discuss.online ) 1•2 months agoHuh i didnt know zcash had transparent transactions?
And you don’t need a “view key” to see them like in Monero?
shortwavesurfer ( @shortwavesurfer@monero.town ) 3•2 months agoI don’t know that much about Zcash but apparently not because they have a shielded and an unshielded pool. So it would appear that some transactions are public while others can be private. And that’s still not okay.
glowie ( @glowie@h4x0r.host ) 1•2 months agofiat cucks downvoting your comment
smileyhead ( @smileyhead@discuss.tchncs.de ) 16•2 months agoI really hope GNU Taller actually get adopted by at least one bank as it got funding for coming years.
delirious_owl ( @delirious_owl@discuss.online ) 15•2 months agoArticle doesn’t load
Enable JavaScript and cookies to continue
Please check this next time and post the contents of the article in the comments if this is the case.
Hm. The link is actually a video on odysee.com. I’m experiencing no issues on my end, and it’s even letting me watch the video in a miniplayer within Lemmy itself. I’m using LibreWolf, a privacy fork of Firefox, so I don’t know if this is an issue on Chrome-based browsers or not.
shortwavesurfer ( @shortwavesurfer@monero.town ) English12•2 months agoOpt out, use Monero.
Possibly linux ( @possiblylinux127@lemmy.zip ) English13•2 months agoNot the greatest solution
delirious_owl ( @delirious_owl@discuss.online ) 4•2 months agoWhy?
knightly ( @knightly@pawb.social ) 5•2 months agoCrypto is just as insecure as credit cards. The whole point of the blockchain is that everyone can see all transactions.
delirious_owl ( @delirious_owl@discuss.online ) 11•2 months agoYou’re talking about privacy, not security.
In crypto all transfers require a cryptographic signature from a private key that doesn’t have to be shared. In credit cards, you literally give your private key to the merchant and trust them to take the right amount. The difference of these two security models is enormous.
Also, privacy coins are private. The blockchain isn’t a ledger that shows who spent what to who in privacy coins like Monero.
DisgracedDoctor ( @DisgracedDoctor@mander.xyz ) 6•2 months agoNot Monero!
Possibly linux ( @possiblylinux127@lemmy.zip ) English3•2 months agoCrypto
shortwavesurfer ( @shortwavesurfer@monero.town ) 6•2 months agoYou are dismissing an entire category with that one word. Are you sure you’re not throwing out any babies with that bathwater?
Possibly linux ( @possiblylinux127@lemmy.zip ) English4•2 months agoCrypto is problematic for many reasons.
shortwavesurfer ( @shortwavesurfer@monero.town ) 1•2 months agoBesides the power which crypto helps with because it absorbs stranded power or gives a customer for steady income to a power company that can help build more infrastructure. What else is a problem with crypto?
umbrella ( @umbrella@lemmy.ml ) 13•2 months agoso I can buy illicit drugs, and…?
wake me up when I can use it to buy my fucking groceries.
ReversalHatchery ( @ReversalHatchery@beehaw.org ) English6•2 months agoIf you pay for privacy oriented online services, mostly by providing a privacy respecting service, they often accept Monero.
Off the top of my had I know that Mullvad VPN and Standard Notes accept Monero, but if you look for it, there are probably more.
Other than that, PrivacyGuides recommends CoinCards as a gift card store that accept Monero payments. CC has gift cards for several popular online services. They are not yet available in Europe, but if you know that the service you want to sign up for does not enforce using the gift card in the appropriate region, you can buy it from a region that is already supported. umbrella ( @umbrella@lemmy.ml ) 3•2 months agothe world doesnt consist of the us and europe. in fact those are like, 12% of the planets population combined?
DisgracedDoctor ( @DisgracedDoctor@mander.xyz ) 2•2 months agoI use it to buy gift cards in India, currently the most populous country on the planet(for better or for worse), that adds up to… 35-45% of the world population; the figure does not even include the African and south American countries where there is a significant adoption of cryptocurrencies due to high inflation rates of the local currency.
ReversalHatchery ( @ReversalHatchery@beehaw.org ) English1•2 months agoDid you read my comment? I mean, you know, to the end.
cosmic_cowboy ( @cosmic_cowboy@reddthat.com ) English1•2 months agoThank you for sharing these resources!
EngineerGaming ( @EngineerGaming@feddit.nl ) 4•2 months agoFor groceries and most regular purchases (including online stores), there is cash. But I do use Monero for a legit reason - paying for my VPS and domain.
shortwavesurfer ( @shortwavesurfer@monero.town ) English4•2 months agoI buy groceries with monero every month since Jan 2023 to present
umbrella ( @umbrella@lemmy.ml ) 6•2 months agosure, if you are in the little restricted areas where this is possible
shortwavesurfer ( @shortwavesurfer@monero.town ) 5•2 months agoWhat do you mean by little restricted areas? Because I could do it anywhere in the United States. And that doesn’t seem like a little restricted area.
Ohh ( @Ohh@lemmy.ml ) 4•2 months agoHow do you do that? Monero is one of few coins that interested me back in the day, so I am not a hater at all. But adoptation is very much lacking, and i I have no idea how you but groceries with xmr.
shortwavesurfer ( @shortwavesurfer@monero.town ) 4•2 months agoCoincards.com gets me an instacart giftcard. Instacart card gets me my local grocery chains, local grocery chain store gives me food. I eat food and am eating monero.
Ohh ( @Ohh@lemmy.ml ) 1•2 months agoCool. Thx. No option for EU.
umbrella ( @umbrella@lemmy.ml ) 4•2 months agothe united states is what, 5% of the world’s population?
the rest of the planet exists dude.
shortwavesurfer ( @shortwavesurfer@monero.town ) 1•2 months agoThat’s true. It can also be done in Europe and Canada. So you at least have to combine those together. So you’re probably looking at maybe 10%.
Ilandar ( @Ilandar@aussie.zone ) 3•2 months agoLeast eurocentric user.
delirious_owl ( @delirious_owl@discuss.online ) 4•2 months agoI bought groceries with Monero for years. Just buy a gift card for your fav grocier.
smileyhead ( @smileyhead@discuss.tchncs.de ) 8•2 months agoUse Monero for what? Buying book in the morning having a blind eye on thousands of liters of water I just waste?
shortwavesurfer ( @shortwavesurfer@monero.town ) English3•2 months agoMonero doesnt have ASICS so is not nearly as energy intense. You mine on regular CPUs you can buy off the shelf in your local electronics store. My miner has been running for over a year and has never used a drop of water unless its upstream at the power company itself. My air conditioner uses about 5x more power and my heater uses 7x-15x more power. At least if i had more mining computers going id get enough heat to warm my room and the monero id get from it could subsidize my power bill. I could turn 1500 watts of power into 1500 watts of heat only or I could turn 1500 watts of power into 1500 watts of heat and some Monero.
Edit: Not to mention, I don’t have to pay workers to drive cars to a building that I had to pay workers to mine the minerals for out of the ground and ship thousands of miles.
Jimmycrackcrack ( @Jimmycrackcrack@lemmy.ml ) 7•2 months agoAs part of just living in… the world, I already kind of assumed it was possible for some parties, credit card companies in particular, to pry in to my financial activity and also interested governments to compel banks to hand over whatever they had, and/or possibly just hand over everything about everyone to government all the time automatically. This was bad enough, however, even I was surprised and shocked to learn how bad it was with my own bank when they sent me a letter gleefully telling me that as of the date of the letter they had now managed to sell my data to even more 3rd parties. I was not, up until that point aware that they were selling my data at all, and that 3rd parties (other than the credit card company) were getting access to it not just because of powers to compel, like people might expect of governments, but purely because the bank was literally handing it over to whoever was willing to pay for it, no consent on my part necessary. I don’t know what changed that required them to apparently have to now disclose this to me, but I assume that they were forced, hence the letter. The sneaky motherfuckers didn’t frame it that way though, not “due to recent legislation the bank is obliged to inform you blah blah blah”, no just “good news removed, we were selling your data, we still are, but we used to too, and now we’re selling it to more people, hope you like egregiously unethical behaviour because we put a travesty in to our travesty so you can experience a travesty while processing the first travesty”.
delirious_owl ( @delirious_owl@discuss.online ) 7•2 months agoMy bank knows my employer and which ATM I take money out of.
thesmokingman ( @thesmokingman@programming.dev ) 11•2 months agoIf you’re in the US, your bank knows way more about you than that and it’s naive to believe otherwise. A lack of credit doesn’t mean a lack of tracking; it just means your data is being pulled from elsewhere.
If you’re not in the US, you might have a better chance at privacy.
delirious_owl ( @delirious_owl@discuss.online ) 2•2 months agoWhat data? My point is that I use cash.
thesmokingman ( @thesmokingman@programming.dev ) 9•2 months agoDo you have a drivers license? A social security number? A phone number that you’ve used for anything else? Utility bills? Relatives? A car? Other large property?
Cash doesn’t mean shit unless you pay for everything in cash and never use the same info (including name, address, phone number, social, etc) for everything.
delirious_owl ( @delirious_owl@discuss.online ) 2•2 months agoNo car, no property, no phone number.
I don’t think a bank having my social security number is a privacy risk.
I do not give my name when I buy groceries or 99% of purchases. I don’t see your point.
thesmokingman ( @thesmokingman@programming.dev ) 8•2 months agoIt’s okay to be naive! The video talks about what data your bank has and how that gets used, as a security professional I know how all of this data is tied together plus the other data (assuming you don’t vote either?), and you don’t think there is anything tied to you so cool. Have fun with that. Keep pushing crypto.
delirious_owl ( @delirious_owl@discuss.online ) 2•2 months agoOf course there is data tied to me. My bank sees who my employer is and everywhere I withdrawal money from an ATM. They don’t see my purchases.
And you’re talking to a security professional.
Zeroxxx ( @Zeroxxx@lemmy.id ) 1•2 months agoYou sound like piss poor guy.