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Joined 1 year ago
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Cake day: November 14th, 2023

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  • Also outlawing crypto is like outlawing piracy, they cant enforce it

    A VPN only gets your crypto out of the country to buy something or exchange for cash in another country. It doesn’t let you get it back in without loss.

    But the point wasn’t that it would be completely blocked but that it’s value would crash on the whims of the president. If Monero became harder to use, people would exchange it for a crypto that the president was promoting.

    often they don’t even know about it happening.

    If you have so little that no one would notice, then cash in a safety deposit box is better in every way. Monero dropped 15% in a day last month. Yes it bounced back but it’s not stable. If you bought Monero 5 years ago, you’d still be at a loss today. If you are looking long term, you might as well buy Vanguard where you have guaranteed long term earnings in exchange for short term volatility.

    In the case of Bybit, they had billions in crypto and NK hackers after them,

    People get their crypto stolen every single day. It doesn’t make news because it’s only thousands lost. My nephew lost thousands because someone sim jacked his phone.


  • Crypto is far worse than a bank or cash under the mattress. With a bank, it’s insured and you have legal means of recovery if something goes wrong with the bank’s systems or simple theft. With cash in the mattress, it’s safe for any other than fire. But there’s safs and safety deposit boxes for that.

    Crypto is virtual Magic the Gathering cards. There is extreme volatility. You are still exposed to government changes. Tomorrow, Trump could declare Trumpcoin as legal for tax payments and Monero as illegal in the US. This would crash Monero’s price. Flash is about as likely to fail as your mattress is to burn up in an accidental fire so there’s no improvement in physical reliability. Bybit’s cold storage was hacked and they lost $1.5 B.



  • Yay! I get to repost my comment about Disco Season 5 that got me banned from Ten Forward:

    Regarding how the writers failed with their Spore Drive conclusion in Season 5:

    The idea of the lone inventor wasn’t even true a hundred years ago. When I took a history of technology class at University over 30 years ago, that fact was driven into us. All discoveries are the result of researchers standing on the shoulders of giants. Destroying all Spore drive research is meaningless because there are hundreds of billions of people spread across thousands of planets. The Federation isn’t even the entire Alpha quadrant so there are hundreds of billions of other people with no restrictions. So someone else is going to almost immediately re discover spore drive because the technology and knowledge base for its discovery are built into society.

    I hope the above opinion doesn’t get me banned here too.