Oh damn. When I first looked into Session I was really excited, until I found out that the anonymity layer was based on an altcoin. Which means that you're only anonymous as long as line goes up. I didn't expect it to fail quite this quickly though.

I'm not interested in spending a ton of time on this, but I did go and watch this short interview with him about scaling misconceptions.

Wasn't convincing at all. For one, the guy comes across as kind of dishonest. Not scammer-level dishonest, but more like a politician. The main thing though is that he's just a big-blocker, which is just a total dead end. Having everyone store every single transaction that was ever made until the end of time is just not realistic.

In order to scale to any globally significant number of users, a cryptocurrency needs a second layer to aggregate transactions, such as Lightning. Monero seems to have nothing in this regard beyond "However, academic and industry research is ongoing and promising in this area."

they are a hell of a lot smarter than me

You should not be investing money in something based on this level of understanding, and you *definitely* should not be advocating it to others. Scaling is an existential problem for cryptocurrencies. Their utility is based on their monetary value, and their monetary value is based on investor assessment of their future utility. Without the ability to scale, there will be no growth in utility, which means no investment other than temporary dumb money, which becomes a vicious cycle.

Monero will not scale. All attempts at "improved" altcoins have just sacrificed scalability in exchange for features that look good in the short term to investors that don't know any better.

There is a "Knife Rights" organization that works to overturn these laws. From what I hear, they tend to be pretty successful, since there isn't a ton of attention on the issue and there isn't much in the way of entrenched opposition the way there is on the guns issue.

Yikes. Is there any further context available? Not that it would improve anything, I'm just curious.

Seems so. It's been giving me the "We are working on resolving the issues" message for over a month. :/

I don't think kbin.social is coming back at this point, so I'll start making my anime_irl posts here instead.

I'm surprised no one has mentioned mutualism, as it sounds like that's exactly what you're looking for. Mutualists aim to create an economy of worker cooperatives, and abolish long-term absentee ownership.