• 0 Posts
  • 5 Comments
Joined 1 year ago
cake
Cake day: July 11th, 2023

help-circle

  • Ah thanks for explaining! Yeah the inability to purchase it directly on local exchanges is a bummer, although if localmonero vendors are available in your area, you may be able to pay them using your local bank account too.

    These days you definitely don’t have to download the entire blockchain to use it; you can just connect to someone else’s node. But if you want to restore an old wallet, you unfortunately do have to run through each blockchain transaction after the wallet was created, to see if any of those transactions belong to you. There’s also a mobile app nowadays called Cake Wallet.

    All in all, I agree that it’s not the friendliest crypto to use, unfortunately. Its main selling point is privacy, and criminals are more incentivized than others to protect their privacy, so I’m not sure how it’ll ever shake off that image.



  • Ditto on pushback coming from private citizens rather than big corporations. I’ve seen it with my own eyes, NIMBYs in my neighborhood killing a proposed denser construction project. The “greedy” development firm wanted to build, the NIMBYs killed it. The article itself even mentions this, this is democracy doing its thing:

    Homeowners wielded huge political influence to block any changes they believed could hurt their property values.

    Blaming corporate greed is a stupid take. If only we relax NIMBY zoning laws, then the “corporate greed” of developers would automatically incentivize them to build all the dense housing we need (they are in fact very happy to build denser smaller lots if allowed to, contrary to what fire retardant claims), and finally start increasing the supply of housing in order to lower market price.