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Why do all of you crypto strags argue like this? Is it in a pamphlet?
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GPT quit flaming me
if you are a real person I will give you some crypto for free so you can see for yourself how it works
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I understand how it works, and i understand why they are all useless. Whether it's requiring a bank on both ends to cash out, requiring an exchange that will rob you, putting all your money in a computer that can be hacked, or a "privacy" currency that users non quantum resistant cryptography and has a record of every transaction in its blockchain.
Don't even get me started on the theoretical methods to control crypto from a gov without even forcing code updates to the miners.
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cash out what? crypto is money. just spend it on goods and services. the idea is to have a circular economy.
you can just trade crypto with a friend for cash or use bisq or something. but yeah dont keep tons of cash on an exchange, it's not a bank. neither is paypal, they will literally just take your money and close your account after a certain amount of time.
the risk depends on how much crypto you have. You can have a wallet with like $100 bucks on your desktop, and then you can have like 10 grand worth of crypto on an offline computer or hardware wallet. you can also use multisig so you can have a wallet where you can only move funds if your friends/family also sign the transaction.
Also it's liek GPG or SSH where you have to put in a password so even if someone steals your hard drive or puts malware on your computer to read your files that's not enough.
If you do any sort of important job, losing a couple thousand worth of crypto is not as dangerous as getting your computer hacked and your info stolen. In the conventional banking system if someone gets you have to deal with identity theft for the rest of your life
eh I guess? Bitcoin doesn't claim to be private. the "crypto" in cryptocurrency refers to asymmetric cryptography like digital signatures and such. it's all about making publicly verifiable proofs, not encrypting stuff privately. breaking bitcoin's crypto doesn't mean revealing transactions, it means being able to forge a signature and making a transaction on someone else's behalf. Pretty sure bitcoin is quantum proof, it uses Ed25519.
There are also cryptocurrencies that can hide sender/recipient/amount and such using ZKP, I don't know if they are quantum resistant or if they have proofs for that yet.
I mine crypto on my home CPU. how would you go about forcing code updates to me?
I think the weakest part of crypto is that it still relies on the conventional internet, but if governments actually cracked down on crypto through ISPs then you would just see new networks poppping up. its a short term risk. it can run on pretty much any meshnet, some crypto is using i2p and tor stuff already.
download litewallet or something I'll send you some LTC
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Lmao these takes are a really interesting look into your brain. You've completely misunderstood most of the problems and implications that i brought up, which is fine, but I'm cracking up at your level of understanding.
It's called forking a currency and they'd do it with guns if they felt like it.
You're also not mining any relevant crypto at home.
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if I run a node over a mixnet tor or i2p how would they even know to come to my house?
It doesn't matter, this whole cryptocurrency is CPU mined. There are no mining farms in XMR, we've driven them to unprofitability with home mining and generic hardware.
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Xmr isn't quantum resistant. You're just compiling a list of past crimes for anyone to see.
Lmao you keep switching the crypto you're talking about like I won't notice. If there was an actual usable crypto you'd just be talking about it
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Lmao you keep switching the attack
vector like I won't notice. If there 
was an actual viable method you'd just be talking about it
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I didn't say it was. And for reference, the encryption standards behind TLS (what you use to access this website for example) aren't even quantum proof and I'm not commiting any crime.
You assume that quantum computers will be feasable in the future and they will grow in computing power with moores law or something
you aren't arguing against any specific crypto
okay this has to be GPT. bbbb responds to images now? whats with the lone bullet point at the end
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What?
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