Scammers hacked the late actor Matthew Perry’s Twitter account and posted a fake plea for cryptocurrency donations in the name of his foundation. The foundation confirmed the post was a scam and urged people not to donate.
The article details several possibilities for how the account may have been compromised, highlighting the importance of strong passwords and multi-factor authentication for securing social media accounts, especially for celebrities with large followings.
And suitcases full of cash are great, until such time that cash is completely eliminated, which it is well on its way to being, and until you need to leave your country in a hurry, such as Cuba or Venezuela, for example, and are not allowed to carry cash across the border with you. With Crypto, you only have to remember between 12 and 25 words, and you can take your money anywhere on the planet in your brain.
No, with crypto, you have to do a bunch of research and hope that research leads you to the right one and hope that what you’ve read about that one is really true.
And the “do a bunch of research” part is a huge first hurdle. One I’m not quite sure why you can’t see as a hurdle.
If you are not willing to learn, you should not be in the space at all. You and or somebody you trust needs to do the research. Otherwise, you’re just shooting blindfolded and praying, and that’s no way to live.
“Do your own research” is not a way to get people to adopt a currency.
Everybody in the world has adopted state currencies without doing any research. Now you are being given a choice, which is something humanity has never had. So yes, you have to do some research. I fully believe that the era of fiat currencies and government manipulation of currency is coming to a close. Gold is a useful currency, but not in modern times because you can’t transmit it over the internet, and it’s heavy to carry.
People don’t even research who to vote for. Why would they research which of the countless cryptocurrencies to use?
Cool. People fully believe that Jesus is coming back too. Based on the same amount of evidence.
Useful currencies don’t lose significant amounts of their value if someone digs a hole in the right place.
There is a tiny, tiny amount of gold on planet earth to begin with, and most of it is in the mantle which is inaccessible to us, leaving very little in the crust where it can be reached. Golds “inflation” rate is ~1.5% per year ove thousands of years using gold. People can buy more things with gold. Miners will mine more gold. And people will be able to buy less things with gold because there is more gold. Conversely, if you can buy less things with gold than normal, miners will mine less gold, therefore making less gold to buy things, and the gold will buy more things. Now once we end up in space and can mine asteroids, we might change the story.
They won’t, and that is both fortunate and unfortunate. Most people will probably buy Bitcoin since that is what they have heard of for over a decade. And that is not necessarily a great thing because of its transparency. However, going from one crypto to another is super easy. So once they are in Bitcoin, they can go anywhere they wish. The collective market decides which ones rise and which ones fall primarily based on their usefulness, at tasks. Just as a simple example, I used to use Bitcoin, but changed because the fees got too high, and it’s not privacy protecting. And Monero filled both of those roles better.
Cool. How much. Do you know? Can you give me a specific number? Can you guarantee that there is no more gold than that which can be extracted anywhere on Earth and that it will not be enough to devalue gold until it is unrealistic to use? If so, please provide evidence for all of that. If not, you cannot make that statement honestly.
Got it. Huge numbers of people will get fucked over by choosing the wrong currency and that’s why they will give up using U.S. dollars. Logical.
Off the top of my head, no, I could not. However, I could find out how much gold is in the crust of the earth by figuring out how much gold is in the earth and then taking 30% of that number. To figure out how much gold is in the earth, you would obviously have to go back to how much gold is in the universe. And from that, you’d have to go back to the element that is gold, and its atomic weights and shit.
Bitcoin is a good intro into cryptocurrencies. I don’t think there will be one cryptocurrency that everybody on earth uses. I also don’t think there will be 300 or however many nations have their own fiat currency. But I do think there will be a few. What I find most interesting and what I think most people will find most interesting either by learning about it themselves or somebody telling them about it is the inflation rate that basically does not exist and Even if it does is controlled very strictly by code instead of that the whims of people. I, for example, am an American, and I remember a decade or so back, hearing commercials all the time for a subway $5 foot long. Why on earth is it not still $5? If it was $5 then it should be $5 now, but it’s not because the government has printed more dollars. If that subway foot long were priced in gold, instead, the price would have stayed steady, or only went up slightly. So apparently the blood and sweat and tears I sacrificed yesterday is not worth as much today. You are literally saying people are worth less.