Posted on 05/31/2025 9:28:08 PM PDT by ransomnote
so, what happens to stable coins if the net goes down, or your on line account gets hacked? ***
From my limited understanding... the stable coins, no matter which one, or which corresponding blockchain they use, would still become unavailable for purchase, sell or trade if the net goes down, since any one of the blockchains is dependent upon the net in order to be accessible and usable.
If you store your coins in an exchange account (see coingecko.com for an exhaustive list), who knows what could happen in the nano seconds before and after the internet goes down. And then when it comes back up. It seems to me that with all the hacking that goes on today, there would be a way for them to be stolen. Some hacker somewhere is waiting to try out his new attack.
If you store your crypto in a hard wallet (like Ledger or Trezor) vs. storing them in an exchange account, what you have should be there when the net comes back up. Supposedly, the unique 24 word key used to set up the wallet will protect your investment as long as you never give out the key and never put it online (even a part of it here and there). The idea is to write it down and store it safely offline.
From what I've understood, I wouldn't store my hard-earned investment in ANY exchange. Tons of assets have been lost that way -- never to be recovered.
However. (Isn't there always an 'however'?) The folks that do staking would need to hold the crypto they'll use for staking in an exchange account.
Some really smart folks have the skills to set up an uncommon operating system (like UNIX) in their home that they can alter with their own code, put in fail-safes and setup their own servers, etc., to protect themselves against hackers. For the rest of us... well...
I remember watching X22 Report and listening to Bitcoin Ben. He used to sell a laptop that was supposed to be very hack proof. I don't know if he still does or how good it is. He has a youtube channel and a club.
I'd welcome any comment that would enhance or correct what I've shared. I've looked into it, but haven't continued to add to what I know. However, the time seems close to very much NEEDing to getting a better handle on these matters.
You know how if you go to places like a farmers' market, the vendor will sell you something by whipping out his device that reads your cc on the spot? When that starts happening with a crypto reader, well... if Mastercard and Visa have been setting themselves up to process crypto buys, then it seems like the little vendor machine can't be far behind.
I do know that finding Bitcoin Depot in my neck of the woods has certainly piqued my interest.
Oh, and then there is Dr. Kirk Elliot on And We know, who talks a lot about precious metals.
Whew. What a world we are headed into!
Ring my bell when they make a battery suitable for home energy usage.
*** King David lamented, Why do the wicked prosper? We hear endlessly of horrible crimes, we hear almost never of prosecutions, convictions and sentencing.
I weary of calling for justice in this world. ***
That feels like where I am at today. Sometimes it is overwhelming.
🙏🙏🙏
il Donaldo Trumpo
@ilpresidento
·
1m
WHEN DID AOC GET SO FAT??? —Thank you for your attention to this matter.
So thankful for our LEO!!!
I just realized what I read. FRAUDULENT social security numbers. *shaking my head no, no, no* That seems like a whole new level of deceit that ought to be readily traceable.
Or, perhaps, not if the person using the SSN has corresponding documentation that is “believable”???
Guess it depends upon the level of sophistication in the forgery.
I think you tend to agree that when socialism rises, accompanied by a platform of communal wonders, like defunding police, and cheerfully providing for the heady moral vacum of Caligula, that this is not Socialism, it is worse than Communism.
Democrats themselves will have to stop this beast of hell in NYC politics.
This captured mind, below, is overcome with joy in the rise of Caligula.
~~~
Trending
Avatar
🌪+++🌪
@01010001
Flynn *** RTing This Now....
Timing Is Everything.
Justice Is A Must.
“It’s TREASON”
It’s coming.
+ + +
(wow, check this out! Flynn goes down the list..)
https://x.com/Real_RobN/status/1938052783347012008
Valcambi Suisse CombiBar: 50 Gram Divisible Credit Card Sized Gold Payment System
You are right; it is no longer 'political', it is spiritual. It is a rage to gain control over masses of people, kill them if necessary, create an 'elite' ruling class and effectively put humanity in 'cages'. 👉👉👉 The goal {although almost none realize it} is the kingdom of antichrist! Lenin called them useful idiots.
Also available in silver.
Say that gold is worth $5,000 oz... You have a dozen 1 oz gold coins and you want to buy a loaf of bread. Do you want to cash in an oz of gold? ...AND what do you take in change? ❓
Prayers up at 3:15 Eastern.
Praying for our country
and each other.
Finally, brothers, whatever is true, whatever is
noble, whatever is right, whatever is pure, whatever
is lovely, whatever is admirable - if anything is
excellent or praiseworthy - think about such things.
whatever you have learned or received or heard from
me - put it into practice. And the God of peace will
be with you.
Phil 4:8-9
How about that!?! I’ll read up on it. :)
ThanQ!
Pentagon MOP video
https://truthsocial.com/@Qanon76/114750519115574476
CNN forced to air the truth
https://truthsocial.com/@Qanon76/114750507322283809
il Donaldo Trumpo @ilpresidento
6m
BOOOM!!!💥 —GREAT JOB, PETE!!!😎🇺🇸
https://truthsocial.com/@ilpresidento/114750726098052357
Florida AG Drops BOMBSHELL, Reveals Biden DOJ Obstructed Trump Assassin Investigation: ‘Cover Up’
https://www.youtube.com/watch?v=nO_lhyKMm3c
Benny show 12 min
https://truthsocial.com/@Qanon76/114750090999792118
“Jill Biden’s longtime aide Anthony Bernal is DEFYING Congress and REFUSING to testify tomorrow about Joe Biden’s cognitive decline after the White House waived his executive privilege,” the committee posted on X Wednesday after Bernal was expected to testify on Thursday morning. “He’s running scared. The cover-up is collapsing. We will subpoena him immediately.” ( Bannon and Navarro went to prison because of the same)
video 4 min
Silver. Kings are getting scarce and there is a limit of one fish.
The USA is on defense, under another aggressive attack by our own media as their hatred our US MIL, our patriotism, speed and administrative order, particularly encapsulated against President Trump, who has laid himself down, bearing all consequences, for MAGA.
Jennifer Griffin (FOX News Pentagon correspondent) does, *Finally*, get her own demoralizing mission handed back to her, by Pete Hegseth.
Jennifer has become an enemy combatant, wild eyed now, and should retire her bitter hatred away from the public.
Pete must have stuffed his resentment of her entitled arrogance for years, while he was employed at FOX.
https://www.youtube.com/live/U8kDilebJgM?si=Ym6XtHLN93ZUbDAy
To my limited knowledge Valcambi - Swiss, I think - is a reliable recognized vendor. The same fractional exchange medium is available in silver.
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