• shortwavesurfer@lemmy.zip
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    4 months ago

    No, that is not correct. Global outage shows the dangers of centralized systems would be a better headline. Monero Worked all day throughout the entire outage with no problems.

    • just_another_person@lemmy.world
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      4 months ago

      Define “worked” in this context. You mean their own infrastructure didn’t crash? You certainly didn’t pop down to the store and buying anything useful with Monero 😂

    • Username@feddit.de
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      4 months ago

      Even central currencies can work if you can make offline and peer to peer payments.

      Not easy to pull off cryptographically, though.

    • Possibly linux@lemmy.zip
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      4 months ago

      Monero isn’t bad but I don’t think it is great for easily buying things. At the end of the day trying to use two different currencies is hard. Also Monero gets a bad name because it is used primarily for illegal transactions. It is simply two complex and has no accountability

      • shortwavesurfer@lemmy.zip
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        4 months ago

        The fact that it’s used for crime means that it actually does what it’s supposed to do and keeping people private. Shoes are also used by bank robbers and we don’t ban shoes. Monero is a tool the same as a hammer or a shoe or a car or a gun.

        • Possibly linux@lemmy.zip
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          4 months ago

          The problem is that it has zero accountability. Shoes, cars, cash and guns are all physical. At the end of the day someone can inspect your shoes or prevent you from taking a gun inside of a theater. Monero allows payments from anywhere and completely anonymously. You can get rid of it as it is decentralized but you can just not use it especially since cash is easy, private and secure.

    • Chozo@fedia.io
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      4 months ago

      That is not correct, either. The outage even took out decentralized platforms.