Posted on 06/25/2022 8:46:19 AM PDT by DUMBGRUNT
He had a couple bucks...
Story is real. Joe Kennedy Sr, (JFK’s dad) said that in 1929.
The FBI is on the case!
************
Prolly investigating Trump at this moment.
Ok, so the ledger points to some entity out of NK, or China, or Russia, or Iran. Thats the end of that.
Ha, you guys can be easily hacked.
I recommend 654321.
I knew a German guy who used ‘Hasselhoff’.
I actually want to use Hasselhoff now...
Maybe gold-based hard currency is optimal. Throw in rare coins.
So the amounts stolen add up to a trillion dollars. When the total value was 2-3 trillion, that’s 1 half to 1 third. Imagine if the half the money in all US banks had gotten stolen in a few years??!!
I’ve heard of NFT’s.
I don’t know how anyone would ever be suckered into buying something like that. But “there’s a sucker born every minute “!
(I actually want to use Hasselhoff now...)
It’s hack-proof!
Like digital currency.
There’s no way the gubmint can get to it!
😁🥴😜
I’ve decided to use “RichardDeanAnderson”...
Is this what results from crypto mining?
It is the same as a hacker getting your banking password. If your bank's security is great then your money is usually safe. These bitcoin firms hold your bitcoins just like a bank.
And just like a bank, you should not keep your money in them. There are bitcoin wallets which you keep in your possession. Then you are your banker and responsible for your own security. Even if someone stole your BC wallet they still need a password. Unlike cash. As long as you have a backup wallet, your BCs are safe.
—”Imagine if the half the money in all US banks had gotten stolen in a few years??!!”
A near impossibility.
That would ding the taxman; never happen.
—”But “there’s a sucker born every minute “!
Usually, in polite conversation referred to as the “the greater fool theory”.
In finance, the greater fool theory suggests that one can sometimes make money through the purchase of overvalued assets — items with a purchase price drastically exceeding the intrinsic value — if those assets can later be resold at an even higher price.
https://en.wikipedia.org/wiki/Greater_fool_theory
GOTTA HUNCH, BET A BUNCH!
Don’t worry- its FDIC insured.
Also, don't forget your wallet's key or forget that your wallet is on the computer when you decide to sell it or throw it away like some fools have done.
There is, but all it tells you is which public key executed which transaction. There is no way to determine who holds the corresponding private key just using information on the blockchain. Now if you buy and sell using a public exchange then the exchange should have your identity. In fact it's the law that they must. But of course a hacker won't identity himself.
If you leave your bitcoin on an exchange, then you don't own the bitcoin. All you have is an IOU from the exchange. If the exchange gets hacked or goes insolvent you lose everything. People do leave their coins on exchanges because they may want to buy and sell as the market moves, and there is a transaction fee and a time delay when removing or depositing. This actually gets much worse when the market is tanking since lots of people are trying to get their coins onto an exchange at the same time so they can dump them. You may have to wait until the market has completely bottomed before you can try to sell your coins if you keep them in a private wallet. It's all a calculated risk.
False. Blockchain is a type of register. Every participant in the blockchain has a record of every other participant and their transactions. It's essentially fraud proof in that you can't hide transactions, amounts, account numbers, etc.
This, however, is related to blockchain bridges which were intended as a go-between for different chains, but when you move outside of your own cryptographic envelope, you risk the chain because participants in the partner chain do not have copies of the registry from the source. It's a weak link in the chain, if you will.
Ooh excellent
I’m just going with MacGyver as my password.
That’s a secret, BTW.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.