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+---- Thread: cryptocurrency on mobian/pinephone (/showthread.php?tid=15233)
RE: cryptocurrency on mobian/pinephone - biketool - 06-14-2022
I was going through the wishlist on the Mobian wiki for things available on flatpak; with auto-scaling I tested both Monero and Electrum(Bitcoin) wallets, both work. I didn't try any of the side stuff like mining functions or generating a new wallet as I am not really familiar with the software and protocols. The fonts are really small with scaling but they seem to run fine. What cryptos do pinephone users want/need a wallet for on their phone? Another option is to run the CLI for the crypto wallets which support that.
RE: cryptocurrency on mobian/pinephone - Hobbes42 - 06-15-2022
(02-06-2022, 01:04 PM)biketool Wrote:A privacy friendly currency would be great. But BTC isn't it, (securities used for massive investment are not suitable currencies)(02-06-2022, 08:03 AM)Zebulon Walton Wrote: Bitcoin has a scalability problem, with a very limited number of transactions per second that can be processed worldwide. It can take at least 10 minutes for a Bitcoin transaction to be confirmed, which makes it unwieldy for use as an everyday currency.
https://towardsdatascience.com/the-blockchain-scalability-problem-the-race-for-visa-like-transaction-speed-5cce48f9d44?gi=b481f7230d17
Transaction fees are relatively high for small purchases and vary depending on how long you are willing to wait for confirmation (10 minutes to 1 hour).
https://privacypros.io/tools/bitcoin-fee-estimator/
I was an early participant, but the open ledger blockchain always bothered me, even at $30/BTC I considered my easily mined horde of 30 coin more of a liability than an asset were I to use them. I suppose at over $1M I might now want to somehow sell out of that position even to get a better crypto but I never foresaw the stupid speculation that occured so I wiped the failing disks and flash media with my keys, oops, no $$$ for me.
Back on topic, better cryptocurrencies that are not scamcoins, pyramid scams, anti-privacy coins, or run by a corporation for profit are out there, scaling can be fixed as can the other problems but it requires a team of devs who are principled and probably anonymous to not be easily pressured to turn against the hodlers and miners.
I was a holder yet a non-believer early on, now I just want a privacy replacement for credit cards, cash and paypal; no speculation, just money I can easily and privately spend on dinner, airline tickets, or electronic components.