Open Source Collective Is Disabling Contributions in Cryptocurrencies (opencollective.com)

submitted 7 months ago by edisondotme@monero.town to c/monero@monero.town

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Old news that I just happened upon. Open Collective manages donations for many open source projects. Their reasons for discontinuing crypto supports are all problems that XMR fixes.

So frustrating when people throw the baby out with the bath water here. Imagine Henry Ford with his Model-T.

You have to inflate the tires? You have to keep filling it with gas all the time? Only 10MPH? Yeah no thanks, we're banning your "auto mobile" project, this would never work.

This isn't even a good metaphor considering XMR already exists as a solution.

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[-] survivalmachine@beehaw.org 2 points 7 months ago

How does XMR prevent transactions from sanctioned nations?

[-] nabio@monero.town 3 points 7 months ago

How does XMR prevent transactions from sanctioned nations?

how does cash or digital cash(XMR) prevent transactions? your question doesn't make much sense

it would be like asking a 20$ dollar bill to stop being transacted from someone sanctioned. A 20$ dollar bill itself cannot discriminate who is using it. You give that 20$ bill to someone and they don't know the history of that 20$ bill, you don't know who used it before and that's why everyone can take it, because this means they know they will be able to use it.

when something is fungible like cash or digital cash(XMR), law enforcement needs to find other ways to stop what they considered sanctioned nations or criminals or bad people or whatever.

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this post was submitted on 10 Apr 2024

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