this post was submitted on 29 Apr 2024
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Monero
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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
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Well, if they destroy Monero, that's bad for the person who gets their Monero destroyed, but it's good for the rest of us, because that just lowers the inflation rate more than it already is. That makes the rest of our Monero more valuable. This is why you also do not write down your passwords because even if they were to seize something like my flash drive with my key pass database on it, they could not get into it and therefore could not get my private key to my Monero.
Good kick in the butt to memorize passwords and seedphrases I guess.
PSA: It is not advised to store your seedphrase digitally unless kept fully airgapped :)