Im interested in cryptos, because it could serve as a foundation for an internet funded by people and communities. A crypto that protects people’s privacy and has a low energy cost.

But is this enough to make it ethical? Are there other aspects to take into concideration? Or is ethical cryptos possible?

In particular Im looking into Mobilecoin which Signal has integrated into their app.

  • quaver
    5·
    3 years ago

    I’ve been looking with interest at oxen.io for a while now. I’m not convinced yet, but I think it has promise. It uses the CryptoNote protocol, the same that Monero uses, so it’s as anonymous as can be. However, it uses PoS instead of PoW, making it faster and much more eco-friendly. Their staking cost is quite high, requiring 15,000 OXEN, but to be fair this is much lower than other coins like Ethereum. Oxen also powers other private platforms - Lokinet, a Tor alternative, and Session, a decentralized private messenger which routes its messages through Lokinet.