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What are your thoughts on green/private cryptos? (lemmy.ml)

submitted 3 years ago by [email protected] to c/[email protected]

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Im interested in cryptos, because it could serve as a foundation for an internet funded by people and communities. A crypto that protects people's privacy and has a low energy cost.

But is this enough to make it ethical? Are there other aspects to take into concideration? Or is ethical cryptos possible?

In particular Im looking into Mobilecoin which Signal has integrated into their app.

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

I'll let people smarter than myself answer your questions, but as for Mobilecoin: stay far, far away. It's just Monero, but rebranded for Signal. In addition, if Signal's company ever goes belly-up, so will the coin, instantly.

[–] [email protected] 1 points 3 years ago* (last edited 3 years ago)

Agreed. IIRC, though they call the currency "carbon-negative" or whatever, they actually just pay some company to plant trees for them. That doesn't make it a 'green currency'.