Crypto currency, yeah, that is a great idea

[benenglish]

I am investing all my money in emus, the other red meat.

At least when it tanks I can eat a bird.

I thought emus tanked a couple of decades ago.

Where I live used to be out in the country. Maybe 20 years ago we had a spate of problems with people driving through, opening their trailer, dumping all their emus on the road, and skedaddling.

A dozen emus wandering around a dark road is a very weird way to have one's pre-dawn commute interrupted. I know this from experience.

 

[DD130]

This article just appeared in my feed today, not directly related to this event, but it does follow my thoughts on Blockchains and by extension Crypto.

This graphic was a tweet by Vin Cerf... (more on why that's important at bottom of post )


Wired Article Link (one of the view Wired articles I think worthy of sharing:
https://www.wired.com/story/theres-no-good-reason-to-trust-blockchain-technology/

Who is Vin Cerf?

"Vinton Gray Cerf , is an American Internet pioneer, who is recognized as one of "the fathers of the Internet", sharing this title with TCP/IP co-inventor Bob Kahn."

 

[Darkpriest667]

This article just appeared in my feed today, not directly related to this event, but it does follow my thoughts on Blockchains and by extension Crypto.

This graphic was a tweet by Vin Cerf... (more on why that's important at bottom of post )
View attachment 162100

Wired Article Link (one of the view Wired articles I think worthy of sharing:
https://www.wired.com/story/theres-no-good-reason-to-trust-blockchain-technology/

Who is Vin Cerf?

"Vinton Gray Cerf , is an American Internet pioneer, who is recognized as one of "the fathers of the Internet", sharing this title with TCP/IP co-inventor Bob Kahn."

Article is interesting, but he fails to realize or purposely omits the fact that blockchain technology doesn't have to be involved with cryptocurrency at all. The fact is the public ledger is permanent, unchangeable, and anyone can view it. As it is right now with banks none of that is true. Block chain would certainly bring some transparency to the banking cartels. I'm so sure they'll adopt the public blockchain tomorrow. (sarcasm)

 

[oldag]

If the exchange like GDAX (coinbase) in the United States it's regulated by the SEC. Non US exchanges are not. AGAIN, anyone who has an iq above 50 knows not to leave any funds in an exchange unless they want to lose them. Regardless of your feelings on cryptocurrency, it's absolutely safer than trusting the banking cartels which have manipulated currency for over 100 years.

You guys trust a Reserve system that's allowed the US govt to go 22 trillion in debt with over 125 trillion in unfunded liabilities more than you trust yourself who is REQUIRED to stay out of too much debt? OK LOL

Well, it has worked for me so far.

And this is not the first cyrypto incident of funds disappearing in the last year or two. I think my batting average is far better.

 

[cdb]

If the exchange like GDAX (coinbase) in the United States it's regulated by the SEC. Non US exchanges are not. AGAIN, anyone who has an iq above 50 knows not to leave any funds in an exchange unless they want to lose them. Regardless of your feelings on cryptocurrency, it's absolutely safer than trusting the banking cartels which have manipulated currency for over 100 years.

You guys trust a Reserve system that's allowed the US govt to go 22 trillion in debt with over 125 trillion in unfunded liabilities more than you trust yourself who is REQUIRED to stay out of too much debt? OK LOL

I'd love to be wrong, but I don't think there are that many people on any side of the political spectrum who understand basic economics, let alone our monetary system, enough to have much of an opinion on it besides what the TV says.

People like what's familiar, especially when the costs are well hidden from them.

 

[HKShooter65]

Now some are saying the money is stolen, not just locked up. May have been transferred to another account.

Canadian dies in India taking almost 0.2 billion to the grave.

Sounds like the making of a movie role for Christian Bale?
Maybe Mr. Cotten is skiing in Switzerland with a couple of Eastern European models and drinking the really good wines!!!

 

[AustinN4]

Canadian dies in India taking almost 0.2 billion to the grave.

Sounds like the making of a movie role for Christian Bale?
Maybe Mr. Cotten is skiing in Switzerland with a couple of Eastern European models and drinking the really good wines!!!

Bound to happen sometime!