LocalMonero is shutting down (localmonero.co)

submitted 6 months ago by rottenwheel@monero.town to c/monero@monero.town

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[+] Hirom@beehaw.org -11 points 6 months ago

That's unfortunate for people using it, but a good thing in the long run.

Cryptocurrencies that use proof-of-work, and haven't already migrated to less resource-intensive schemes, are doing more harm than good.

[-] tusker@monero.town 8 points 6 months ago

Time to stock up on mining hardware and 5x my current mining operation 😁

PS. The US military burns billions of gallons of fuel per month and they murder people, I think we should stop worrying about proof-of-work and focus on real threats to the world at large.

[-] Hirom@beehaw.org -4 points 6 months ago

That make total sense. Let's just give up and accumulate a few more tokens while the world burns.

[-] tusker@monero.town 5 points 6 months ago

Nothing is burning. There is a parasitical class that has hijacked the currency and is conducting large scale evil operations because they can manufacture what most believe to be money.

Monero is here to replace their fraudulent system.

[-] jet@hackertalks.com 4 points 6 months ago* (last edited 6 months ago)

Okay. I'm open to other options. What fungible, distributed, seizure resistant , digital money system do you recommend that doesn't use proof of work?

Please cite a specific actionable example I can do research on and compare to monero.

[-] lltnskyc@monero.town 4 points 6 months ago

less resource-intensive schemes

Tell us about the options.

And I sure hope you are not talking about "less resource-intensive schemes" that are based on "let's give money to people who have the most money" thus making the cryptocurrencies that use it not only unfair but also even more centralized than bitcoin with its ASICs, right?