itch.io

You miss my point.

Cryptocurrency does nothing to address the root problem here. That root problem being people and the downright cruel things they are doing to each other. In fact, cryptocurrency only makes that problem worse by removing 90% of the safeguards put in place by existing systems.

Hence; stop suggesting it.

Yes, let’s use a technology that is well known for all kinds of activities that most people would frown upon. Most notably stealing people’s money through various forms of fraud.

The payment processing technology is not the issue here. To quote the YouTuber Dan Olsen of Folding Ideas and his video “Line Goes Up” here:

“Those problems are patterns of human behaviour.

They’re incentives, they’re social structures, they’re modalities.

The problem is what people are doing to others, not that the building they’re doing it in has the word ‘bank’ on the outside.”

Just stop with the cryptocurrency stuff already.

Yes and no. Blockchains are all publicly visible. Everything that happens on them is public knowledge. Rather than anonymous, though, they are psuedo-nonumous. That is to say, any knowledge of somebody’s identify is contextual. If you can confirm, with certainty. that somebody owns a given wallet address you can then start tracing what they’re doing. For example, you can know who somebody is based on them publicly posting about owning a given NFT. That contextual information ties them to the wallet and all the transactions attached to it and now everything you do on the blockchain is, effectively, public knowledge unlike with traditional finance where there are strict laws in place to (mostly) protect your privacy. While not perfect they do (mostly) work.

Source for that last bit is that I used to be a software developer for a major financial institution in my country and had to deal with privacy matters from time to time.

Edit: spelling mistakes

I think Itch.io needs to adjust their description after all this.

Specifically I think they should consider removing the word “open” from before the word “marketplace”, at least based on my understanding of the definition of an “open marketplace” being one that has minimal restrictions placed on who can sell content and the nature of the content that can be sold.