Privacy

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A place to discuss privacy and freedom in the digital world.

Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.

In this community everyone is welcome to post links and discuss topics related to privacy.

Some Rules

Posting a link to a website containing tracking isn't great, if contents of the website are behind a paywall maybe copy them into the post
Don't promote proprietary software
Try to keep things on topic
If you have a question, please try searching for previous discussions, maybe it has already been answered
Reposts are fine, but should have at least a couple of weeks in between so that the post can reach a new audience
Be nice :)

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Thoughts on Cryptocurrency? (self.privacy)

submitted 8 months ago by actual_patience to c/[email protected]

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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.

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[–] [email protected] 4 points 8 months ago* (last edited 8 months ago) (1 children)

BTC, ETH, and XMR are the only ones that matter. Some stable coins (USDC, GUSD) are okay, too.

BTC (Bitcoin) is good because it's the most widespread. If a vendor accepts crypto, odds are they accept BTC. However, the blockchain is easily traceable.

ETH (Ethereum) is good because its blockchain is far more versatile, so it can be used for other things than just crypto payments. However, it's less widely used for payments than BTC and is also easily traceable.

XMR (Monero) is excellent. It's extremely difficult to track an individual user. Your transactions are private. There are some possible attack vectors for the future, but they'd require that you be an actual target to be worthwhile. Someone that's going to track you is going to find a different way than XMR to do it. XMR isn't as widely used as the others, though, and it's also not on as many crypto exchanges. Kraken has it.

However, crypto as an investment is not a good idea. Spend your crypto.

[–] [email protected] 0 points 8 months ago

Ethereum is unregistered security token.