this post was submitted on 24 Jul 2024
201 points (89.1% liked)

Technology

59298 readers
5196 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
201
Proton releases a self-custody bitcoin wallet | Proton Wallet is open source and has been audited by a third-party firm, the company said (techcrunch.com)
submitted 3 months ago by [email protected] to c/[email protected]
65 comments fedilink hide all child comments
 

Proton isn’t reinventing the wheel with this crypto wallet. But it’s another solid option for people looking to create a crypto wallet for the first time. However, cryptocurrencies tend to be a polarizing topic, so let’s see if Proton Wallet doesn’t hurt Proton’s brand image in the future.

  • More information: Proton Blog Article
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 2 points 3 months ago (1 children)

I don't even need to read the rest of the thread, this HAS to be the dumbest take. And I think cryptocurrency is inherently a pyramid scheme.

[–] [email protected] 1 points 3 months ago (1 children)

Welcome to Lemmy!

[–] [email protected] 1 points 3 months ago

Yeah, I don't get it. We all came here because Reddit, a centralized service, did us dirty and we got pissed and left. We just came out of high inflation and many areas still have high inflation, and it's largely because of central banks doing us dirty, but we're fighting to maintain that status quo.

Yeah, I get it, there are a ton of scams with cryptocurrencies. There are also a lot of fiat scams as well (stock picking, hard money lending, etc). Don't hate the tool scammers use, hate the scams.

It seems many here miss the forest for the trees. Most cryptocurrencies are scams, but there are a handful of interesting ones:

  • Bitcoin - the OG; useless as a currency, but the lightning network fixes most of its issues
  • Monero - as close as to get to digital cash, which is why criminals like it (both are untraceable); oh, and it's mining resistant, so to won't see big Monero mining farms, just a hobbyist running it while playing games or whatever
  • Ethereum - proof of stake instead of proof of work, so it uses way less energy

As long as you don't see it as an investment, it's totally fine. I have never and probably will never "invest" in Bitcoin because it's all hype and I don't think there's any reason to think it'll continue going up.

I hate how much banks and governments snoop on my transactions and sell my data to the highest bidder, and Monero offers a way to recover my privacy. Bitcoin lightning is also pretty good, but its privacy features aren't quite as good.

So don't "invest" in crypto bu do look into it as a currency. If enough people use it, stores will start accepting it (and I've seen a handful that do).