this post was submitted on 21 Jan 2025
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Decentralized Social Media Is the Only Alternative to the Tech Oligarchy (www.404media.co)
submitted 3 days ago by FundMECFSResearch@lemmy.blahaj.zone to c/technology@lemmy.world
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[–] porsche13@lemmy.today -2 points 2 days ago (2 children)

Decentralized money as well. We need to move away from the control of government and corporations (they are now one and the same). I'm putting more and more of my money in bitcoin. The dollar will continue to erode while wages stay flat. And Trump and his new oligarch buddies will completely decimate the American economy and stock market while they make out like bandits, leaving everyone else the bag holder. Your 401k isn't safe anymore.

[–] cy_narrator@discuss.tchncs.de 1 points 2 days ago (1 children)

Trust me bro, if your underground stash of money is robbed or stolen because you refuse to trust a bank to safeguard it, it will be considered your fault

[–] explodicle@sh.itjust.works 1 points 2 days ago

You should have backups with a passphrase, in different locations. So if the underground stash is stolen/corroded, or if the bank opens up your safe deposit box, then your money is still safe.

Is this easier? No. Is this what we've come to? Yes. Now that we've got a choice, it's our own fault no matter which system fails us.

[–] shortwavesurfer@lemmy.zip 1 points 2 days ago* (last edited 2 days ago) (1 children)

Same but with Monero. I don't need my friends, neighbors, $5 wrench attackers, and governments knowing how much money I have. And neither should you.

[–] explodicle@sh.itjust.works 1 points 2 days ago (1 children)

There's an add-on for Bitcoin called the "Lightning Network" that adds onion routing like Tor.

[–] shortwavesurfer@lemmy.zip 1 points 2 days ago (1 children)

Yes, but it does not work well. You constantly get failing payments due to inadequate channel liquidity unless you're using a large centralized wallet provider and using a large centralized wallet provider defeats the purpose of peer to peer digital cash that's uncensorable.

[–] explodicle@sh.itjust.works 1 points 2 days ago (1 children)

I've been using the Electrum wallet for years now with no issues.

[–] MalMen@masto.pt 0 points 2 days ago (1 children)

@explodicle @shortwavesurfer as someone that is using it profissionaly, we dont have route for payments more times than I would like to admit...

[–] explodicle@sh.itjust.works 1 points 1 day ago (1 children)

Electrum or a different wallet?

[–] MalMen@masto.pt 0 points 1 day ago (2 children)

@explodicle yes, we where using electrum... LN has a routing problem.. You neednto open channels with the major players and se of them charge for it

[–] explodicle@sh.itjust.works 1 points 6 hours ago

What's the website for your business? I'm having trouble replicating being unable to route a payment, and want to try buying something from you.

[–] explodicle@sh.itjust.works 1 points 1 day ago (1 children)

Maybe that's what I've been doing, I've been picking "trampoline" and it seems to just work.