My only real problem with crypto is that if the power ever goes out (like for good) your ‘wealth’ is locked on hard drives.
So many smart people here on FR.
Powering the cryptocurrencies is blockchain technology.
If blockchain technology was used in elections and specifically in the last presidential election, Donald Trump would still be president.
It is extremely difficult to commit fraud using blockchain. I am not saying passwords to accounts don’t get stolen or hacked and assets get taken. I am saying when you do a transaction in crypto using blockchain technology, fraud is basically not possible.
Every transaction is verified and confirmed by hundreds of decentralized computers, that could even be your computer if you participate in the network. Each transaction is documented as verified and if there is any question on validity, they can check the entire history of the transaction on those computers. If one computer says one thing and 99 computers say the other thing, the hacked computer gets overruled. Not a perfect example, but the basics of it.
So, is it easier to hack on computer at a time or hundreds at a time?
I have no opinion on Bannon and this particular coin. I just think some people need to get a better understanding of what blockchain is(including me) before sh!tting on it all.
Not an expert and probably used some wrong terminology and not financial advice.
Like the Dutch tulip craze, crypto will crash and burn because at the end of the day it’s only ones and zeros uniquely arranged in electronic ether and powered by irrational exuberance.
crypto’s verry structure makes it dangerous to anyone that wants anility when it comes to their finances....A ledger is kept within the currency of all transactions...where the currency changes hands.
It is an ETH token...gonna pick some up for “moonshot speculation” purposes (stick with BTC & ETH for investment purposes):
https://nomics.com/assets/lgb2-lets-go-brandon
and their website: https://www.lgbcoin.io
Time to step away from the punch bowl.
What a complete waste of money. It’s crap like this that gives legit crypto a bad name. The only people making money with this is Bannon and his people.
The greater fool theory works until it doesn’t. In real life, you don’t own anything you can’t defend by force. Always a renter whether you like it or not. Heck, you might be lucky enough to get away with it for an entire lifespan.