I haven’t seen enough evidence to say it’s a scam. It uses Oxen to incentive users to host nodes. Why would that be anymore of a scam than any other crypto currency?
Even if it’s utterly pointless I prefer the anonymity
Cryptocurrency proponents are quick to remind me that cryptocurrency transactions are not anonymous, and are in fact highly traceable by virtue of being stored in a public ledger.
and some sites default to reoccurring donations and emails when using a card
Meaning, they try to mislead you into donating more than you intend to? Doesn’t that make them crooks, unworthy of your donations?
Cryptocurrency proponents are quick to remind me that cryptocurrency transactions are not anonymous, and are in fact highly traceable by virtue of being stored in a public ledger.
There are crypto currencies like Monero. Even with Bitcoin at least you aren’t posting your card details online.
Meaning, they try to mislead you into donating more than you intend to? Doesn’t that make them crooks, unworthy of your donations?
Not necessarily. A lot of the time they are projects hurting for donations. You can always opt out or use a temporary email service.
An example is HaikuOS. I like supporting alternative operating systems but I wouldn’t want to sign up for Libreapay.
While Tor and Lokinet are both onion routers, they are very different at both the protocol and infrastructure levels.
Tor relies on a network of volunteer-operated relays and a set of central directory authorities, and this infrastructure introduces a number of weaknesses and limitations. Because Tor’s circuit moderation is bandwidth-weighted, you are much more likely to use high-bandwidth nodes than low-bandwidth ones, meaning that a large percentage of Tor’s 7000+ nodes are underutilised due to having insufficient bandwidth. Additionally, Tor relies on a limited set of directory authorities. When these directory authorities are compromised or suffer from technical issues, the stability of the entire Tor network suffers because the network is unable to agree on what the node set is or the roles of nodes in the network (whether they were guard nodes, exit nodes, relays, etc.).
Instead of relying on volunteers, Lokinet leverages the Oxen Service Node Network. Because Oxen’s service node operators are required to provide high-quality nodes — and are actively incentivised to do so — Lokinet’s relay network is consistent and reliable. Lokinet also inherits the market-based Sybil attack resistance of the Oxen blockchain, increasing Lokinet’s security against such attacks.
Instead of Tor’s system of central directory authorities, Lokinet stores the state of the service node network on the blockchain. Every service node has access to this list, and comes to a consensus on it, making Lokinet significantly more decentralised than Tor.
Lokinet is also more versatile than Tor — Tor operates on the transport layer and is only able to carry TCP traffic, while Lokinet operates on the network layer, meaning it can onion-route any IP-based protocol: TCP, UDP, ICMP, etc. This means Lokinet can be used for much more than just web browsing — it can also handle things like media streaming and video conferencing.
I don’t think we are going to agree with each other on this. I do agree it’s new and if things fall apart it could be pretty easy to say ah-ha looking at it through hindsight but I don’t think OPTF trying a crypto approach is anymore of a scam than a lot of other crypto currencies.
I haven’t seen enough evidence to say it’s a scam. It uses Oxen to incentive users to host nodes. Why would that be anymore of a scam than any other crypto currency?
Cryptocurrency in general is a scam.
I’m not someone who blindly hypes up Bitcoin or other currencies but why do you say that? They seem useful in a broad set of applications
As far as I can see, the only application of cryptocurrency is to facilitate crime: money laundering, ransom, paying for contraband, etc.
I mean I’ve used it to donate to charities
Is there a reason you didn’t use your credit or debit card?
Even if it’s utterly pointless I prefer the anonymity and some sites default to reoccurring donations and emails when using a card
Cryptocurrency proponents are quick to remind me that cryptocurrency transactions are not anonymous, and are in fact highly traceable by virtue of being stored in a public ledger.
Meaning, they try to mislead you into donating more than you intend to? Doesn’t that make them crooks, unworthy of your donations?
There are crypto currencies like Monero. Even with Bitcoin at least you aren’t posting your card details online.
Not necessarily. A lot of the time they are projects hurting for donations. You can always opt out or use a temporary email service.
An example is HaikuOS. I like supporting alternative operating systems but I wouldn’t want to sign up for Libreapay.
@CorrodedCranium All cryptocurrency stuff is a scam. Why wouldn’t it just use Tor which already exists?
This from the Lokinet website
@CorrodedCranium Yeah it’s just Tor + blockchain, for marketing and exitscam purposes.
Tor is pretty trusted for security. Lokinet isn’t.
Seems pretty elaborate for a non-profit that has been delcaring their annual allocation of funds for years.
Lokinet is still experimental and hasn’t undergone a third party security audit to my knowledge in the same way their app Session has.
@CorrodedCranium Do you have any idea how many crypto scams have been declaring their annual allocation of funds for years?
I don’t think we are going to agree with each other on this. I do agree it’s new and if things fall apart it could be pretty easy to say ah-ha looking at it through hindsight but I don’t think OPTF trying a crypto approach is anymore of a scam than a lot of other crypto currencies.