this post was submitted on 20 Jul 2024
527 points (94.0% liked)
Privacy
32424 readers
311 users here now
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 :)
Related communities
much thanks to @gary_host_laptop for the logo design :)
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Lol. How is your crypto gonna work without global peers and internet, friend?
Nothing happened to the internet
Paper wallets. It is definitely false that crypto requires the internet, because it does not. It's more helpful if it has the internet, for sure, but it's not an absolute hard requirement.
Ha. Okay. How do you expect ledgers to get updated then? You're aware that a blockchain can't function without multiple distributed peers, right? That means power, and the Internet.
One internet connected computer could make many paper wallets of whatever denomination they wished and then use those as currency. As long as it's provable that the paper has not been spent which a hologram or one of those gift card scratch off things would help with. Anyone who receives such a paper that has not been tampered with can be assured that the money that it claims to have is actually there and can take it to any internet connected computer in the world and transfer it to their own digital wallet from the paper wallet. Or they could broadcast the transaction over any kind of transmission medium up to and including amateur radio over HF.
Edit: Unless I'm doing my math wrong, which I totally could be, it would take about a minute and a half to broadcast a current Monero transaction over HF amateur radio with a possible maximum of 6 minutes if full chain membership transactions are 10kb (which i have heard as an upper limit)
Friend......WOW.
Appreciate the effort in your response, really, but you're just missing the point. Now you're just desperately grasping to make crypto sound useful in an apocalyptic setting, which it 100% is not, and we were not discussing anything like this in the first place.
Cash or tradable goods are infinitely more plausible and useful than crypto in any scenario where there is still a default monetary system functioning. That's just a fact.