• @shortwavesurfer@lemmy.zip
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    1 month ago

    Okay, that’s good to know. Until we can ditch the entire banking system for crypto wallets on our phone, that bank account issue is going to be a bit of a noose around people’s necks.

    • @CanadaPlus
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      21 month ago

      As long as it’s one of the actually efficient cryptos.

        • @CanadaPlus
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          01 month ago

          Ripple is also nice, if you want to go the non-anonymous route.

          • @shortwavesurfer@lemmy.zip
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            01 month ago

            I do not understand why you would want a money that can be traced by anybody with a web browser that just seems a bit ridiculous to me.

            • @CanadaPlus
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              1 month ago

              Probably for the same reason people put other sensitive stuff in mystery software: if it’s not physically visible the threat doesn’t seem real to them. Obviously, that’s dumb, but you did directly ask.

              There’s a lot of overhead involved in making it untraceable like that, and it’s not clear how much of it can be achieved using postquantum algorithms. Ripple is also nice in that it doesn’t bother with a blockchain at all.

                • @CanadaPlus
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                  01 month ago

                  Yeah, I know how Ripple works. The ledger is not blockchain-based.