Update writing

diff --git a/public/writings/a-socialist-love-letter-to-cryptocurrency.md b/public/writings/a-socialist-love-letter-to-cryptocurrency.md
index 926e8edb786dd78035878e62dc4a6f859b485547..8b68720ea7a5c19832096bcd8d50fe77f00db389 100644 (file)
--- a/public/writings/a-socialist-love-letter-to-cryptocurrency.md
+++ b/public/writings/a-socialist-love-letter-to-cryptocurrency.md
@@ -1,7 +1,7 @@
 # A socialist love letter to cryptocurrency.
 
-As the time of writing, I am still very much a newbie when it comes to politics,
-but I know for a fact I am a socialist. You might also have seen I accept Monero
+At the time of writing, I'm still very much a newbie when it comes to politics,
+but I know for a fact I'm a socialist. You might also have seen I accept Monero
 donations, showing my liking towards this cryptocurrency. So why? Why do I like
 Monero? How do I think it fits into our current society. That's what I will try
 to answer in this short writing.
@@ -9,9 +9,10 @@ to answer in this short writing.
 One thing I would like to emphasize first is that cryptocurrency doesn't
 necessarily fit into my representation of the best economic system. First of
 because this is not something I have thought about very deeply, like I said I am
-still a newbie when it comes to politics. And secondly, because internet might
-not even be a part of it. All that to say, I will be talking about
-cryptocurreny in our current economic system, which is, a capitalist one.
+still a newbie when it comes to politics. And secondly, because internet or even
+currency in itself might not even be a part of it. All that to say, I will be
+talking about cryptocurreny in our current economic system, which is, a
+capitalist one.
 
 Let's get into the meat of it. For the average person, their way of storing
 money is through banks. I have several problems with banks.
@@ -28,19 +29,49 @@ too: Amazon, eBay, paying for you Netflix subscription, your Disney+
 subscription. They know what you subscribe for, what you eat, what you drink.
 Anything you do with your money, they know.
 
-And maybe you don't care about it. Maybe you think those data are not secrets,
+And maybe you don't care about it. Maybe you think those data are not secrets.
 "Waw, my bank knows I eat corndog and watch Netflix.". But it bridges a gap of
-intimacy that I don't like. I don't care if my friend knows that. But banks,
-their not your friends, they're strangers, you don't know them. I personally
-like to have some control over what people know about me.
+intimacy I don't feel comfortable briding. I don't care if my friend knows that.
+But banks, their not your friends, they're strangers, you don't know them. I
+personally like to have some control over what people know about me.
 
-With that I think I've shown the power banks have over our money. Before talking
-about how cryptocurrency solves that, I will talk about what I think a good
-cryptocurrency is, which I think the only one currently to my knowledge is
-Monero.
+With that, I've shown the power banks have over our money. Before talking about
+how cryptocurrency solves that, I will talk about what I think a good
+cryptocurrency is.
 
 As you might have seen in the title, this is a love letter to cryptocurrency, as
 in cryptocurrency as a concept. This is though, not very accurate.
-Cryptocurrency is very broad and the term includes cryptoccurencies that I don't
-consider good. This is why I felt the need to clarify what I consider a good
-cryptocurrency.
+Cryptocurrency is a very broad term and it includes cryptoccurencies that I
+don't consider good. This is why I felt the need to clarify what I consider a
+good cryptocurrency.
+
+A good cryptocurrency should have the followings:
+- Respect for your privacy. Your transactions should not be tracable on the
+blockchain. Knowledge about your transactions is one of the problems I talked
+about with banks, so its obviously a problem too for an alternative to banks,
+especially when transactions would not only be viewable by a single party but by
+anyone.
+- Low transaction fees. This one is a no brainer, I think it speaks for itself.
+When exchanging value, you don't want to pay extra fees for it, so lower they
+are, the better.
+- Stable price. Okay, Monero is not stable, but I think it is more stable than
+most other cryptocurrencies, ignoring the ones that are maintained stable
+artificially. I also think stability comes over time, so I think in a future
+world where Monero still makes sense, it will eventually be stable.
+- No second layer. I think a good cryptocurrency should work by itself and not
+require a other layers of any kind.
+- No smart contract. The goal of a good cryptocurrency is to exchange value on
+the internet, extra features like smart contract are bloat and do not interest
+me at all.
+
+Looking at the current ecosystem, you might realize that not a lot of
+cryptocurrencies meet those criteria. In fact, to my knowledge, the only good
+cryptocurrency is Monero. Even Bitcoin, the original cryptocurrency, is not.
+Bitcoin, even though it was founded on a good midset, it does not serve the
+purpose of cryptocurrency nowadays. Bitcoin is not a currency but an asset. The
+vast mojority of other cryptocurrencies just being scams or tech-centered
+projects that go beyond the original purpose of cryptocurrencies.
+
+From now on, when I will talk about cryptocurrencies, asume that I'm talking
+about good ones. The bad ones having no value for me at all, I won't be
+defending them.