/biz/ - Business & Finance

I know people are dazzled by CakePay and its ability to convert Monero to giftcards (not really different than just cashing out to fucking fiat but w/e) but Cake wallet is unironically becoming the blockstream of Monero and are having no push back. Retards on reddit are all recommending cake wallet to newcomers. They only think in terms of social consensus so without significant effort to shut down Cake wallet's growing stranglehold on Monero we could literally see the project get coopted just as Bitcoin was in the coming years. Lets look at the facts:

Cake wallet is a private entity who's goal is to profit off Monero and it's community. Cake wallet uses its funds to astroturf further into the community and gain more social consensus.
Cake wallet is inherently insecure as it is on a Mobile device. Encouraging people to use them is a good way to encourage them to lose their funds.
Cake wallet owns a domain similar to the official website to collect traffic from newcomers.
Cake wallet does not use anonymous connection defaults and setting up Tor connectivity on mobile is likely insecure anyways. They discourage Tor only traffic (https://guides.cakewallet.com/docs/advanced-features/tor-with-orbot/)) which is retarded at best malicious at worst.

If you're not convinced that Cake wallet is a growing threat to Monero then I don't know what to tell you. Growing corporate control over the project should be bashed.

>>54372747
Yes. But the destination server must not refuse Tor exit nodes.

>>53667530
The attacks against Tor and now I2P must be an orchestrated attack against decentralized projects as a whole by a certain agency we all know about. Resist.

>>53180690
You made a secure wallet, right anon?