This week on “Unexpected Downsides To #Cryptocurrency”:
Did you realize that you can’t reject #blockchain transactions and therefore anyone who wants to harass you can more or less freeze your “bank account” at an exchange like #Coinbase instantly just by either:
a) sending a euro through a sanctioned mixer service like #TornadoCash before sending it to you or
b) sending a few cents to a sanctioned terrorist wallet before sending you a single cent
The automated systems used by Coinbase will immediately notice that you have interacted with suspicious or sanctioned wallets and Coinbase, which, like all crypto companies, spends as little as possible on customer support, will lock your account until you produce a passport for the person who sent you that tiny amount of money (often for months).
These so called “dust attacks” constitute revolutionary new vectors in harassment.
This is why I only see Monero as the only one that got cryptocurrency right. It hides all of that information and it honestly something Bitcoin should have done.
Inb4 people go on a rant about cryptocurrency. It is an alternative when all else been exhausted, VISA and Mastercard for an example, have blocked some legit companies from getting any money for years. I remember when WAKFU Mmorpg game had to be paid in doge coins as an alternative, because they were blocked by all payment processing companies for a while.
inb4 people do exactly the thing this subsection of this website is intended for
Apparently they were out-b4 I could even see what they wrote.
I’ll respect their decision to voluntarily retract their crypto apologetics and not bore you with it. Just a bit funny to pre-empt anti-crypto rants on a forum called Buttcoin on a site called Awful Systems.
do you even know where the fuck you’re posting
it’s fucking weird you made an account just to post this tripe, but off you fuck anyway