Anyone with knowledge of this ?
(media.greatawakening.win)
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...but is is soooo wonderfully secure....
I always thought it strange that people put value in something that is no more than some digits in cyberspace. There are people that know how to hack things like Bitcoin - and we have seen them before. Silk Road ring a bell? This rabbit hole connects to Crowdstrike, the USPS, Rosenstein, etc, etc.
Blockchain and Fraud Prevention - Practice and Limitation
Shaun Bridges, ex-Secret Service agent, sentenced again for stealing from the government
https://www.rahmanravelli.co.uk/articles/blockchain-and-fraud-prevention
https://www.washingtontimes.com/news/2017/nov/8/shaun-bridges-ex-secret-service-agent-sentenced-ag/
...insightful articles....
Like I said, this rabbit hole goes deep and connects to the same players over and over again. Shaun Bridges is one those few people that know how to crack blockchain. He has done it before. If it is digital, it can be hacked. There is nothing that is 100% safe. Remember when the USPS applied for an election blockchain patent? Everyone keep saying how safe it would be. Guess again.
Thank you for the clarification. I should have made myself clearer. Yes, you are correct. Bitcoin itself has not been hacked. But that does not mean that it will not be someday. As you said, where there is a will, there is always a way. You are also correct in that the transaction points are the most vulnerable and that is where the low hanging fruit for criminals is picked. Why go after the blockchain when it is much easier to go after some other point in transaction chain that is more vulnerable. When it comes to cryptos, the whole operation needs to be taken into consideration. Therefore, Bitcoin or other cryptos are not without risk - especially for the average person that is not as savvy about the digital world. Then there is the whole issue with geopolitics that can be involved with manipulation. The security of Bitcoin itself has left some with a very misplaced security in the entire operation of owning cryptos. Like with other types of purchases or investments - buyer beware.
As far as the collectables, I have a few myself. I understand they are only worth what people are willing to pay for them. Therefore, any increased value in them was only secondary to wanting them for my own enjoyment. I have cards and artwork. I wouldn't mind having a nice vintage car just for the occasional Sunday drive. If you can afford to have one of those cars you sure as hell can afford the gas to go for a drive. The gemstones I purchased, as far as value is concerned, have not increased as I would have hoped. In fact, they have not increased in price much since the time when they were purchased many years ago. Therefore, with the devaluation of our currency, I would have to say they have lost value. Oh well... like my other collectables, I did not purchase them for investment purposes.
It's almost like you've never heard of FIAT currency before.
What's your perfect money that's impervious to crime? Inquiring minds want to know!
Not a financial expert by any means but this is my understanding. Correct me if I have this wrong.
Nothing is completely impervious to crime. But, by making currency based on hard asset makes that crime more difficult because it would require actually stealing a hard asset. The latest fraud by GoFundMe should be a huge wakeup call as to how easy it is with a digital system to completely wipe out wealth; wealth that in reality was only an illusion to begin with. Fiat currency only has value that people place upon it. We have been conned into using these fiat means of exchange because bankers have made us believe that they have value. We use that fiat system to purchase goods and pay taxes. That includes all forms of digital and paper currencies that are backed by nothing.
The only things that have real value are those things that have that value intrinsically. Those are things that can then be used as a means to give value to currency - just like we used to have. We used to have a system based on precious metals. That was taken away from the people by the bankers and traitorous politicians. Those that control this fiat system are the biggest criminals of that system.
We the people could come up with a system of exchange that would bypass the bankers if we really wanted to. We could trade in beans if people believe that it has value as a means of exchange. If we are going to create a parallel financial system, bartering real goods and solid money based on real tangible asset is the only way we are going to solve this problem and stop them from stealing from us.
It's not crypto, it's sometimes how it's stored. Wallets, safes, etc can be hacked, broken into, but the currency itself, no.
This is the truth with any currency. I understand your perspective on a store of value and gold/silver backed money as I agree... Truth is, the same can be done with crypto as well. XRP is said to have the capability.
Money is a strange thing though, it's really just what the collective agrees to as a form of payment.
We need better money, for sure... But nothing is perfect and nothing is crime proof.
Crypto has a ton of potential tho. Don't discount it just yet.
I am looking forward to an asset backed crypto like XRP. I agree with you that nothing is completely fool proof. I apologize for giving the impression I was poo poo about crypto. I just think there are too many that have overinflated its worth at this point. It does have potential, true. But at this point, its value only lies in what people are willing to place in it. And as I clarified in another reply, I should have made myself more clear. The Bitcoin requires all the rest of the transaction process to make it work and Bitcoin cannot be separated from it. That is where all the problems lie. Not in the Bitcoin itself. A chain is only as strong as its weakest link.
It is secure if you hold it in YOUR OWN wallet. If you put cash in some Indian guys house you don’t know and expect it to be there forever, that’s your fault. Same theory.
...there is no "your wallet"...
...there is only "their wallet"...
Not entirely true, you can store them completely off line if you want. If the blockchain fails or disappears, nobody has the asset any longer. The exchange or person where you bought yours would have your money. There are millions of people and exchanges who sell BTC, so not only one person would end up with the money.
They hacked an exchange, not the protocol. Learn the difference before speaking. No one ever claimed exchanges are secure. If anything, anyone who understands this tech repeatedly advises investors to pull their assets off the exchanges. And that is the proper way. If I held any, and I don’t, I would never keep it on exchanges. So, before you attack the tech, understand the difference between an exchange and a personal wallet. See which is secure and which is not.
...how's this for some language?
..."Crypto is for suckers"...
...learn the difference and don't be a "sucker"
...and your. "If I held any, and I don’t," just exposed your shilling ways for your crypto bosses...
...Go piss up a rope shill...
...howls....
...but who owns/controls the "system?"
Lol! Cry some more dumbass. My stand is, you do you. No one has a gun to your head. At least don’t spread misinformation and your stupidity. You clearly have no idea about how this sector and tech works. Don’t expose your stupidity by speaking up. But you do whatever you want bitch, still a free country. Any counter point is automatically “shilling” in eyes of dumbasses like yourself. That says all I need to know, and I’m not gonna waste any more time on dumb fucks like yourself. Lol
...thank you for your enlightening commentary...
...you may now return to licking your master's boots....
Now comes the ‘Amway’ sales pitch. Bitcoin is a joke.
Without internet they can't have their "banker world government proprietary crypto" + social credit score system either. It got away from them.
In theory the same would be true for any fiat money that's in a bank or stocks or things like that. Perhaps cash could still be used in some ways by people, who knows how such an event would shake out. But if you can't access the cash from the bank or the stocks, you can't use it at all.
I also agree with what others have started that crypto is probably over valued at the moment for what it is, but it's really not that much different from looking at the numbers in your bank account on your phone. If people agree that something has value, then people can exchange it for goods and services.
I'll probably anger a few other people here too, but I don't think gold or silver would really hold their values in such a catastrophe either. They're basically just very shiny metals. People won't be making electronics in such a world, food or a hatchet would be worth more than someone wanting shiny metals for jewelry.
There aren't a whole lot of intrinsic uses for gold or silver outside of electronics and jewelry anymore. So maybe people would trade with it, but a majority of people don't own any gold or silver except what's in their jewelry box. And if people don't have the assets, it can't be a viable currency in the wider community. As I said, food, fuel, generators, hunting equipment, etc would be much more valuable than any shiny metal would be.
That's just not true lol. Bitcoin has a market cap of 900B+ dollars. This is $3.6B worth of BTC.
That would not cause a 90% dump lol
Also, if they ever “dump” it, it will get bought up very quickly. Sure the price would dip for a little while, but it will correct. It always corrects.
https://www.justice.gov/opa/pr/two-arrested-alleged-conspiracy-launder-45-billion-stolen-cryptocurrency
BTC trades 31B$ a day on a cap at 810B$ and the wallet only contains 85,000BTC on a total circulation of 21M (0.004% of the supply) so I hardy think selling it open market would crash the price 90%. More like 10%, tops.
The cabal created this for dark money projects....and wetwork activity. PEople fell for it again.
Sounds like what happened in China. Bitcoin is already controlled by bad actors representing the Fractional Reserve Banking System. It is being used as a trial balloon for FRBS' own digital currency.
Oh no real wealth will be worth less fake USD. I don't care how much scam money my crypto or silver is worth. Eventually we're going to have to stop comparing sound money to fake money.
They would never do that in a million years because it would cost them money in the long run. They would portions of it daily to impact the market less, and make them more money over time.
Reject bitcoin. Return to cash you can hold in your hand.
Yeah... No... I put all my fiat into real assets gold/ silver / bullets/ crypto
Fed, Fed, Fed. The dollar is collapsing.