The part of crypto people fail to confront is the real possibility of a backdoor or master key that can over ride accounts. Think Apple and the iphones they refused to unlock with the San Bernardino shooters, they could have done it, but they wouldn't, -- key phrase they could have. If anyone has done any kind of linux or system engineering, there is ALWAYS a way to circumvent security, we have all done it for ourselves when testing things to ensure we do not get locked out or leave an easy way to get in to something later on. Just because one wants to believe it is secure, doesn't make it secure in reality.
The banks are all tied together via the same system, trading is tied together trough the same networks. The IRS could empty your bank account before you finish blinking. Of course, the cabal is behind crypto, it is simply another scheme to let people feel secure about something prior to the hammer coming down. An additional thought is quantum computing, why wouldn't the cabal have access to that kind of technology, especially when they are financing it? To borrow a line from Contact, "why build one when you can have two at twice the price?" Quantum computation could walk through the crypto like it wasn't even there, especially if you had something similar to a Beowulf cluster.
The other part of this crypto fans again ignore is that crypto is being pushed by NWO cabal puppets, does anyone really believe the people that want to rule over you, enslave you further, remove 95% of the world's population want you in any way to have easy access and a method to secure money? These people look at money as something they are letting you use, but in reality they know it belongs to them. Don't forget these are the same bastards who started fractional lending while being goldsmiths.
Yup, called a 51% attack and Bitmain has the capability, because it supplies majority of hash rate. Bitmain/China produce the majority of miners on the market.
Agree, since crypto replaces the need for parties to trust each other with need to trust the system, actually banking on the 51% action would lead to the entire value of the system collapsing leading to loss of 'investment' for the one who managed to obtain 51%.
And this type of risk is nothing new and always have existed in any kind of social structures.
Also, while value should be based on gold and silver, it's not practical for precious metal to be used day to day by everyone so there needs to be an intermediary to serve as a mean of transaction.
I'm sorry, but you're totally wrong about a "backdoor or master key" to the blockchain. I suggest you familiarize yourself with how it works.
The IRS and hackers can not touch your crypto if you keep it off exchanges and in cold hard storage.
Crypto is only being pushed by NWO because they want a centralized crypto--like what they allow in China--which is evil and is the antithesis of decentralized crypto which is meant to circumvent the banks, middlemen, and governments and give financial independence back into the hands of the people. No one can control decentralized crypto. I recommend this video if you want to find out more: https://www.bitchute.com/video/jUQ8XJzsmLf7/
It’s not that simple with cryptography. Once we have powerful enough quantum computers in the public sector then all cryptography will have to be upgraded to quantum or anyone with said quantum computer could hack any bank or block chain. I do agree in general though with the statement “if man made it then man can defeat it”
Actually any quantum computer can break blockchains like bitcoin very easily since the cryptographic algorithms used are not quantum proof.
Also, if you control 51% of computing power in the blockchain, you can take control of the blockchain.
Also, since 90% of people leave their crypto on the exchanges, the exchanges can manipulate the market including crashing the value, or even steal these cryptos while saying they got "hacked".
I can go on and on, but people on both sides of this debate have a lot of misconceptions and usually both are right to some extent and wrong to some extent.
The power of crypto is not primarily as a currency, but as a authoritative digital contract / smart contract that allows people to operate in whatever systems transparently. People seem to miss this point.
Ok, why aren't they destroying the blockchain yet? Because this tech is not feasible yet. In theory quantum computers can mess up a lot more than just the blockchain, so if we haven't adopted better tech by then we are all in trouble.
Control 51% of the blockchain...
They estimate that there are 1 million unique BTC miners meaning +510k miners would have to be hacked at the same time.
90% of people leave their crypto on exchanges, the exchanges can manipulate the market including crashing the value, or even steal these cryptos while saying they got "hacked".
Yes, that's why you keep your crypto on a ledger. The exchanges and big institutions manipulate the price, I'm not arguing that. Exchanges allowing leverage trading has really synched the price movements to the S&P, NASDAQ, etc. But ultimately, the coin holder decides when they want to sell out.
The power of crypto is not primarily as a currency, but as a authoritative digital contract / smart contract that allows people to operate in whatever systems transparently. People seem to miss this point.
Why can't it function as both? Due to it's decentralized nature, it's better than fiat. It's more easily accessible and transferable than precious metals.
The power would have to go out permanently world wide. And no one can "freeze" your crypto if you keep it in cold hard storage like a ledger. But let me ask you this: if you think the world's going to turn into some post-apocalyptic hell like you see on TV, what is silver, gold or any currency going to do for you, old timer?
This is again a misconception that you can "store it in a hard storage". The value of the crypto is always stored on the blockchain. Only the keys to your account (literally the private keys) are stored on your cold storage. By itself it has no value.
You sound like a massive shill. You made a fuckload of absolute claims and did nothing to back them up. Standard shill behavior. You don't even understand the basic concepts of blockchain, that's clear. Lol so crypto blockchains all have "backdoors" because linux uses sudo to circumvent operating under root? That's your evidence?
"NWO cabal puppets" are pushing crypto? Are you talking about Jack Dorsey? The guy being laughed out of town every time he tries to announce a new crypto venture? Who are you talking about?
u/Manilla Yes, I actually think you are pretty stupid mr. year--old-hardly-posted stealth account. You looked up sudo usage all by yourself, did you? Let me guess, your typed up your response on your 'puter too right? If you think sudo use is a back door, then I can't help you as you have no clue. Soros is pushing crypto very hard right now genius, that goblin is many levels above Dorsey if you weren't aware. You keep using the word shill, but it's quite apparent you have no clue what the correct usage should be. I'm hardly pushing the use of crypto or in favor of it -- if I was pushing it as you are, then I would be shilling for crypto. Please delete your account and go back to reddit.
Wanting something to work so bad b/c you think it is awesome isn't going to make it any more viable or practical.
Post count over time helps show many things. Wow , you are an early adopter....your expertise must be off the charts, that trumps using hp/ux 9, or recompiling the mach kernel /salute 😂
does anyone really believe the people that want to rule over you, enslave you further, remove 95% of the world's population want you in any way to have easy access and a method to secure money? "
I'm still looking for a good explanation for why the SEC is going so hard after XRP. I know for a fact that international banks are heavily invested in Ripple. I have yet to hear a sound reason for this seeming inconsistency.
The part of crypto people fail to confront is the real possibility of a backdoor or master key that can over ride accounts. Think Apple and the iphones they refused to unlock with the San Bernardino shooters, they could have done it, but they wouldn't, -- key phrase they could have. If anyone has done any kind of linux or system engineering, there is ALWAYS a way to circumvent security, we have all done it for ourselves when testing things to ensure we do not get locked out or leave an easy way to get in to something later on. Just because one wants to believe it is secure, doesn't make it secure in reality.
The banks are all tied together via the same system, trading is tied together trough the same networks. The IRS could empty your bank account before you finish blinking. Of course, the cabal is behind crypto, it is simply another scheme to let people feel secure about something prior to the hammer coming down. An additional thought is quantum computing, why wouldn't the cabal have access to that kind of technology, especially when they are financing it? To borrow a line from Contact, "why build one when you can have two at twice the price?" Quantum computation could walk through the crypto like it wasn't even there, especially if you had something similar to a Beowulf cluster.
The other part of this crypto fans again ignore is that crypto is being pushed by NWO cabal puppets, does anyone really believe the people that want to rule over you, enslave you further, remove 95% of the world's population want you in any way to have easy access and a method to secure money? These people look at money as something they are letting you use, but in reality they know it belongs to them. Don't forget these are the same bastards who started fractional lending while being goldsmiths.
Yup, called a 51% attack and Bitmain has the capability, because it supplies majority of hash rate. Bitmain/China produce the majority of miners on the market.
While it's theoretically possibly, it is highly highly highly unlikely.
Agree, since crypto replaces the need for parties to trust each other with need to trust the system, actually banking on the 51% action would lead to the entire value of the system collapsing leading to loss of 'investment' for the one who managed to obtain 51%.
And this type of risk is nothing new and always have existed in any kind of social structures.
Also, while value should be based on gold and silver, it's not practical for precious metal to be used day to day by everyone so there needs to be an intermediary to serve as a mean of transaction.
I'm sorry, but you're totally wrong about a "backdoor or master key" to the blockchain. I suggest you familiarize yourself with how it works.
The IRS and hackers can not touch your crypto if you keep it off exchanges and in cold hard storage.
Crypto is only being pushed by NWO because they want a centralized crypto--like what they allow in China--which is evil and is the antithesis of decentralized crypto which is meant to circumvent the banks, middlemen, and governments and give financial independence back into the hands of the people. No one can control decentralized crypto. I recommend this video if you want to find out more: https://www.bitchute.com/video/jUQ8XJzsmLf7/
whomever built it, can get into it, don't delude yourself
It’s not that simple with cryptography. Once we have powerful enough quantum computers in the public sector then all cryptography will have to be upgraded to quantum or anyone with said quantum computer could hack any bank or block chain. I do agree in general though with the statement “if man made it then man can defeat it”
Actually any quantum computer can break blockchains like bitcoin very easily since the cryptographic algorithms used are not quantum proof.
Also, if you control 51% of computing power in the blockchain, you can take control of the blockchain.
Also, since 90% of people leave their crypto on the exchanges, the exchanges can manipulate the market including crashing the value, or even steal these cryptos while saying they got "hacked".
I can go on and on, but people on both sides of this debate have a lot of misconceptions and usually both are right to some extent and wrong to some extent.
The power of crypto is not primarily as a currency, but as a authoritative digital contract / smart contract that allows people to operate in whatever systems transparently. People seem to miss this point.
Ok, why aren't they destroying the blockchain yet? Because this tech is not feasible yet. In theory quantum computers can mess up a lot more than just the blockchain, so if we haven't adopted better tech by then we are all in trouble.
They estimate that there are 1 million unique BTC miners meaning +510k miners would have to be hacked at the same time.
Yes, that's why you keep your crypto on a ledger. The exchanges and big institutions manipulate the price, I'm not arguing that. Exchanges allowing leverage trading has really synched the price movements to the S&P, NASDAQ, etc. But ultimately, the coin holder decides when they want to sell out.
Why can't it function as both? Due to it's decentralized nature, it's better than fiat. It's more easily accessible and transferable than precious metals.
And what if the enemy decides to freeze accounts or the power goes out? Permanently? Yeah, you youngsters assume that technology will always be there.
The power would have to go out permanently world wide. And no one can "freeze" your crypto if you keep it in cold hard storage like a ledger. But let me ask you this: if you think the world's going to turn into some post-apocalyptic hell like you see on TV, what is silver, gold or any currency going to do for you, old timer?
This is again a misconception that you can "store it in a hard storage". The value of the crypto is always stored on the blockchain. Only the keys to your account (literally the private keys) are stored on your cold storage. By itself it has no value.
You sound like a massive shill. You made a fuckload of absolute claims and did nothing to back them up. Standard shill behavior. You don't even understand the basic concepts of blockchain, that's clear. Lol so crypto blockchains all have "backdoors" because linux uses sudo to circumvent operating under root? That's your evidence? "NWO cabal puppets" are pushing crypto? Are you talking about Jack Dorsey? The guy being laughed out of town every time he tries to announce a new crypto venture? Who are you talking about?
How stupid do you think we are?
u/Manilla Yes, I actually think you are pretty stupid mr. year--old-hardly-posted stealth account. You looked up sudo usage all by yourself, did you? Let me guess, your typed up your response on your 'puter too right? If you think sudo use is a back door, then I can't help you as you have no clue. Soros is pushing crypto very hard right now genius, that goblin is many levels above Dorsey if you weren't aware. You keep using the word shill, but it's quite apparent you have no clue what the correct usage should be. I'm hardly pushing the use of crypto or in favor of it -- if I was pushing it as you are, then I would be shilling for crypto. Please delete your account and go back to reddit.
Wanting something to work so bad b/c you think it is awesome isn't going to make it any more viable or practical.
There's always the "post count" guy.
I switched to Linux since ubuntu 10 or something. Why u mad, bro?
Post count over time helps show many things. Wow , you are an early adopter....your expertise must be off the charts, that trumps using hp/ux 9, or recompiling the mach kernel /salute 😂
Yep, confirmed shill.
you have no idea what the term means quite obviously
Outstanding comment. I agree on most of it.
I'm still looking for a good explanation for why the SEC is going so hard after XRP. I know for a fact that international banks are heavily invested in Ripple. I have yet to hear a sound reason for this seeming inconsistency.
45 years in tech and I agree. Can you explain that to my 27 yo mechanical engineer son?
which part specifically por favor?