• 0 Posts
  • 90 Comments
Joined 4 years ago
cake
Cake day: March 20th, 2022

help-circle
  • I mean you cannot fit Monero in the same bucket as the rest of the cryptocurrencies. No foundation, no company, no VCs, no pre-mined, CPU-based PoW, no major on/off ramp accepting it but still a strong currency with real usage outside speculation made by a community of builders. Can be life saving for some high risks profiles and honestly is the complete opposite of the cryptocurrency market, I’m thankful it exists.








  • In most Web3 blockchains ZeroKnowledgeProof aren’t proof. They often only have the succinctness of the proof and this is enough for the marketing team.

    Also there is many things valuable in modern cryptography thanks to Bitcoin and other chains, blockchain and crypto are buzzwords for sure but that doesn’t mean that i’s 100% BS.



  • Sonalder@lemmy.mltoGames@lemmy.world*Permanently Deleted*
    link
    fedilink
    English
    arrow-up
    2
    ·
    1 month ago

    1 USD is worth 1 USD because you can pay 1 USD of taxes. It is backed by political promises, oil, weapons and war. This can’t end well.

    Crypto means cryptography. Cryptocurrencies are a variety of things from stablecoin (digital token backed by fiat money often by a private company ), company shares, community projects, scams, scams, ponzi, scams, cool technical experiments and technically bad experiment. In the other hand there is Bitcoin (and Monero to some extent) that is owned by humanity, no foundation, no company, no state. It is backed by a proof of past energy brining the most innovative security system in the history of IT, not based on restricted access and opacity but by economical incentive to play fair with others in a big game theory peer-to-peer network.

    Bitcoin is not the money of the internet. It’s the internet of money.

    Andreas Antonopoulos





  • Sonalder@lemmy.mltoGames@lemmy.world*Permanently Deleted*
    link
    fedilink
    English
    arrow-up
    7
    ·
    1 month ago

    To keep it short there is two big families of wallets. Hot and cold wallet. Hot wallets are the one that got an internet connection wether it’s a constant one or periodically connecting. Cold wallets are never connected to the internet and often are dedicated hardware devices with the better ones having a Secure Element to store the private key or even sometimes sign transactions directly in it.

    Victims of this attacks were using hot wallet on a not-dedicated machine which is consider bad practice. Hot wallets have to be consider more like a physical wallets for daily spends and cold wallet being privilege for long-term saving and monthly or yearly transactions.

    I’m not an expert but desktop OS (especially Windows) are not as well contained than phone so I almost never use hot wallet on my computer. Often users are tricked to sign transactions to get stolen but I think if the wallet is unlocked a malware with the right privileges/permissions could easily steals money.

    by reading some file in the computer Aren’t Steam games always executable for Windows?