brito on Nostr: It is neither crypto nor currency. Crypto isn't just related to cryptography, it ...
It is neither crypto nor currency.
Crypto isn't just related to cryptography, it would have been fine to use the term "algorithm" and it would work too. The reason "crypto" was used on the early days was specifically with the purpose of keeping hidden (latin meaning of crypt) which nowadays isn't the case with that government surveillance bitcoin.
It isn't a currency either, because it isn't realistically used that way. Nobody pays coffee with it, satoshis don't count, nor trading on exchanges are any different from trading stocks. Last but not least everyone can point a few odds cases of ocasional cold wallet transfers but these are a drop in the ocean compared to what it is really used for.
It would be more accurate to call it virtual coin or casino coin. It is a surveillance technology, two years dozens of protestors in Canada were attacked by governments when using it to donate for the wrong causes.
No, some weird privacy that nobody uses gives privacy. Monero solved all of these things years ago. Monero is the coin you find as currency on black markets, where bitcoin was first used if you remember.
You didn't understood bitcoin ten years ago, it is understandable you don't understand monero right now.
Crypto isn't just related to cryptography, it would have been fine to use the term "algorithm" and it would work too. The reason "crypto" was used on the early days was specifically with the purpose of keeping hidden (latin meaning of crypt) which nowadays isn't the case with that government surveillance bitcoin.
It isn't a currency either, because it isn't realistically used that way. Nobody pays coffee with it, satoshis don't count, nor trading on exchanges are any different from trading stocks. Last but not least everyone can point a few odds cases of ocasional cold wallet transfers but these are a drop in the ocean compared to what it is really used for.
It would be more accurate to call it virtual coin or casino coin. It is a surveillance technology, two years dozens of protestors in Canada were attacked by governments when using it to donate for the wrong causes.
No, some weird privacy that nobody uses gives privacy. Monero solved all of these things years ago. Monero is the coin you find as currency on black markets, where bitcoin was first used if you remember.
You didn't understood bitcoin ten years ago, it is understandable you don't understand monero right now.