IF YOU USE MONEY, THIS AFFECTS YOU
This is the most important vote in monetary policy history since the fed was created.
Don't get comfortable. Do not ignore.
Republicans introduce bill to stop central bank digital currency.
CBDC are ALREADY IN EFFECT IN CHINA, NIGERA.
THEY MUST NOT HAPPEN HERE.
CALL YOUR REPS AND SUPPORT THE BILL TO STOP THIS.
Its not just surveillance, coded currency gives the government CONTROL OVER WHAT YOU BUY.
SUPPORT STOPPING THIS BILL.
Previous Treasury Secretary STEVE MNUCHIN is AGAINST CBDC. Says they are unnecessary.
Anything digital can be hacked.
Blockchains are usually pretty unhackable. The only time you hear of Bitcoin being stolen is when someone lets an exchange hold their Bitcoin for them, and the exchange has a flaw in its security. To my knowledge no one has ever successfully hacked the Bitcoin blockchain directly.
It depends on your worldview. If you believe that DARPA has technology beyond what we know, specifically in cryptography, especially if they have access to next generation computing power, then breaking the crypto algorithms that govern the bitcoin wallets would be the most straight forward way to "hack" it.
Beyond this, there are tons of other ways in which blockchains can be taken control of. With bitcoin, if you control more than 50% of the computation power of all nodes you have a lot of control.
Additionally, the exchanges provide a different level of control by allowing creating "ghost" coins. The last point is so obvious that I can boldly make a generalized comment. Unless everyone learns it deep in their hearts that digital currencies should always remain in your wallet and never stored on an exchange - no matter how secure the currency itself is, it is already under the control of the Elites.
Good point. That could be our role, to constantly remind people how to properly use crypto and keep it secure.
You can buy secure crypto wallets at best buy.
The issue is a clear and focused incentive for using crypto;
That is what will get lazy americans to stop using dirty fiat shitcoins.
One clear and obvious incentive to tell your friends about; high yield stablecoins.
If you talk about major blockchains, such as bitcoin (which everyone hypes about, causing confusion of crypto's true potential), then yes the Elites have a major interest in owning large amounts of centralized assets such as CARDANO (a direct WEForum partner), Bitcoin, Ethereum, etc.
At one point Ethereum was being discussed by Putin for major adoption by Russia.
Everyone ejaculates about bitcoin and ethereum and misses the point.
From an investment perspective crypto is similar to the stock market.
From a technology perspective; it has enormous potential, because its open source and anyone can program Their own currency from scratch and then invite investors to give it value.
There are individual coins if you dig deep that are truly decentralized and pay handsomely to own them, and are community driven.
It's not IBM, I believe it's a group of private programmers that have taken the responsibility of keeping the code updated and open source, so anyone can inspect it.
To truly understand the history of bitcoin, and why it was inherently never intended to be what a most of us dream about - the people's currency - you have to understand the history of the code base
It's not about whether IBM or a group of programmers who have taken the responsibility.
It's about the inherent flaws in the technology, that forces the community to take sides, and incentivises the money group to get their way rather than the early adopters or joe nobodies.
The inherent flaw - the age old question of a distributed consensus - is that it is impossible to create a blockchain that is fast, cheap, secure and decentralized. You always have to make a tradeoff. Bitcoin traded off fast and cheap - hence allowing control by those who have most computing power. XRP traded off decentralized, allowing control by the "trusted nodes".
Ultimately a crypto technology that can be "people's currency" in its truest sense, still does not exist, at least publicly.
Not necessarily. Encryption thats strong enough is mathematically impossible to brute force even with a super computer.
What hackers do is try to find loopholes or weaknesses (such as inept passwords)