The war on privacy continues, Binance delist the privacy crypto currency Monero

It’s not really a surprise but Binance, the bullshit casino that dump all kind of dubious pump ’n’ dump delisted Monero a privacy first crypto currency, that is built to provide strong privacy and protection to its users.

With all the discussion to ban strong encryption or to backdoor it It feels increasingly similar to the crypto wars in the early 90 with PGP. There is a relenthless push and a blend of surveillance capitalism with good old state surveillance, tracking everything, treating human as cattle, regulating everything to oblivion.

Posted in: s/privacy

🚀 ElectricalDance

Feb 07 · 3 months ago · 👍 norayr, dregos

7 Comments ↓

☕️ Capybara · Feb 08 at 15:59:

There is still the possibility of using Monero outside of Binance. These regulations will not stop on-chain transactions from happening.

🐝 Addison · Feb 08 at 19:44:

The connection between privacy and cryptocurrency feels contrived at best. It muddies the waters, and conflates the *actual problems* posed by the surveillance state with the fate of someone's investment portfolio.

I guess my complaint is that I'd prefer not to see cryptocurrency content here.

I edited this comment to tone-down the hostility and name-calling.

🍄 Ruby_Witch · Feb 08 at 20:29:

@Addison I would normally agree with you, but even with absolutely no interest or eduction in crypto I know that Monero is and has been for years now the most private way to make financial transactions online.

By "private" I of course mean "crime obscuring", because of course that's primarily what it's used for as far as I can tell. But maybe it is a bit damaging for absolutely obscured privacy of payments to have Monero being pared back a bit.

It's probably a good habit not to let a bunch of crypto talk take over though.

🐝 Addison · Feb 08 at 22:50:

I hear what you're saying @Ruby_Witch. I wasn't aware that this was any different from any other digital currency; knowing that, I can see the rationale for discussing it here. I don't necessarily want to see it, but there are solutions to that built into the platform.

@ElectricalDance I apologize for the hostility in my earlier comment. I could have approached the subject in a more civil way, or just muted the discussion and been done with it. I had a knee-jerk reaction to seeing cryptocurrency stuff someplace I didn't expect to, but that is my own problem and doesn't warrant hostility.

☯️ johano · Feb 09 at 14:31:

Binance is a shitcoin, end of story...

👻 mediocregopher [...] · Feb 12 at 00:05:

> By "private" I of course mean "crime obscuring", because of course that's primarily what it's used for as far as I can tell.

Let's keep in mind that this line of reasoning runs exactly the same for other privacy tools like Tor, privacy VPNs, and e2e messaging apps, and is exactly why we have the mantra "privacy is not a crime". Let's not let our personal feelings about crypto cloud that.

I've used Monero for things which aren't criminal, but where I don't see a need to have my identity attached to the transaction.

🍄 Ruby_Witch · Feb 12 at 06:08:

@mediocregopher I agree, these privacy tools definitely have valuable uses and it's likely a net positive for society that they exist. I support Tor strongly and run a Snowflake entry node.

However, that doesn't mean that I'm blind to the uses for these tools either. They are primarily used for obfuscating crimes, whether that be your local authoritative government's propaganda and censorship laws, or laws against certain controlled substances, etc.

I'm not saying that no legal use for them exists. I use Tor as a kind of VPN to watch geofenced content sometimes. But you can't pretend that they don't serve the other purpose too.