DuuuncanHadaPigeon
Player Valuation: £10m
What is?
Crypto currency (IF banned from CA)
- Thread starter YoboCopter
- Start date
nikom court
Player Valuation: £20m
feel sorry for these poor people,if they had their money in bitcoin,this would have been avoided.
www.bloomberg.com
the central bank governor has legged it with all their money!
not to mention the leader running off with $170 mil of foreign aid.
Afghani Currency Falls to Record as Central Banker Roils Markets
Afghanistan’s currency extended losses to a record low as the departure of the acting central bank governor added to political turmoil weighing investor sentiment.
www.bloomberg.com
not to mention the leader running off with $170 mil of foreign aid.
DuuuncanHadaPigeon
Player Valuation: £10m
False - the central bank governor has legged it but no proof he has legged it with all their money. The country is in turmoil so its understandable the currency falls in value. Cash is king in situations like this, not a slow, expensive, failed attempt at p2p digital cashfeel sorry for these poor people,if they had their money in bitcoin,this would have been avoided.
the central bank governor has legged it with all their money!Afghani Currency Falls to Record as Central Banker Roils Markets
Afghanistan’s currency extended losses to a record low as the departure of the acting central bank governor added to political turmoil weighing investor sentiment.
not to mention the leader running off with $170 mil of foreign aid.
nikom court
Player Valuation: £20m
the banks are closed,ATMs are empty there is no cash!
do you honestly believe the taliban would let you cross the border or even walk around the city with bundles of cash lol
i could cross a border with a million in my pocket and nobody would be none the wiser!
DuuuncanHadaPigeon
Player Valuation: £10m
BTC might help wealthy people in Afghanistan move their money across borders, but the average man on the street/farm? Nope
The latest data I could find is 14% of people in Afghanistan have a bank account - so all the rest of the population just use cash in hand/bartering for their purchases.
Imagine a remote farmer going to his local bazaar and selling a bag of grain for 0.00001 BTC, waiting an hour for the transaction, and with the buyer paying more fees than what he is buying. It's just laughable that you ever think this would happen.
The latest data I could find is 14% of people in Afghanistan have a bank account - so all the rest of the population just use cash in hand/bartering for their purchases.
Imagine a remote farmer going to his local bazaar and selling a bag of grain for 0.00001 BTC, waiting an hour for the transaction, and with the buyer paying more fees than what he is buying. It's just laughable that you ever think this would happen.
nikom court
Player Valuation: £20m
like this you mean?
this is happening in el salvador now!
cash might be king in the short term to buy a meal or grease a few palms but if im fleeing a country i know what id have in my pocket.
even the western puppet leader who fled couldnt fit all his bags of cash in his helicopter and had to leave half of it behind lol
DuuuncanHadaPigeon
Player Valuation: £10m
Yes if you want to cross the border and have lots of money, BTC is better to use than cash. I have already admitted that
Most people will not be fleeing Afghanistan though, the majority of population will stay put. In which case the cash they already use (only 14% have bank accounts) is a far better option than BTC. I refer you back to my example with the farmer.
We will see about el salvador, jury is still out.
Nothing at all like those folks who lost all their bitcoin when the wallet services got "hacked" or the web host "disappeared".feel sorry for these poor people,if they had their money in bitcoin,this would have been avoided.
the central bank governor has legged it with all their money!Afghani Currency Falls to Record as Central Banker Roils Markets
Afghanistan’s currency extended losses to a record low as the departure of the acting central bank governor added to political turmoil weighing investor sentiment.
not to mention the leader running off with $170 mil of foreign aid.
Very secure.
Hackers steal $600m in major cryptocurrency heist
Thousands of digital tokens have been stolen by hackers in one of the largest cryptocurrency heists.
www.bbc.com
Bitcoin bandits: Hackers steal equivalent of $40M from Binance
Hackers used a range of attack methods to steal 7,000 bitcoin from Binance, a one of the world's largest cryptocurrency exchanges on Tuesday.
www.usatoday.com
Japanese bitcoin exchange is robbed of $60 million worth of cryptocurrency
Its digital wallet was connected to the internet and remained vulnerable
www.theverge.com
The Inside Story of Mt. Gox, Bitcoin's $460 Million Disaster
Tokyo-based bitcoin exchange Mt. Gox filed for bankruptcy last week, saying hackers had stolen the equivalent of $460 million from its online coffers. The news rocked the bitcoin world, and it could even bring down the much-hyped digital currency.
$1.1 billion in cryptocurrency has been stolen this year, and it was apparently easy to do
More than $1 billion worth of cryptocurrency was stolen in the first half of 2018, and unfortunately for those who own crypto, it's pretty easy to do, according to cybersecurity company Carbon Black.
South African brothers disappear along with $3.6 billion in Bitcoin
The founders of South Africa's largest crypto exchange have gone missing.
fortune.com
DuuuncanHadaPigeon
Player Valuation: £10m
Nothing at all like those folks who lost all their bitcoin when the wallet services got "hacked" or the web host "disappeared".
Very secure.
Hackers steal $600m in major cryptocurrency heist
Thousands of digital tokens have been stolen by hackers in one of the largest cryptocurrency heists.www.bbc.com
Bitcoin bandits: Hackers steal equivalent of $40M from Binance
Hackers used a range of attack methods to steal 7,000 bitcoin from Binance, a one of the world's largest cryptocurrency exchanges on Tuesday.
Japanese bitcoin exchange is robbed of $60 million worth of cryptocurrency
Its digital wallet was connected to the internet and remained vulnerable
The Inside Story of Mt. Gox, Bitcoin's $460 Million Disaster
Tokyo-based bitcoin exchange Mt. Gox filed for bankruptcy last week, saying hackers had stolen the equivalent of $460 million from its online coffers. The news rocked the bitcoin world, and it could even bring down the much-hyped digital currency.www.wired.com
$1.1 billion in cryptocurrency has been stolen this year, and it was apparently easy to do
More than $1 billion worth of cryptocurrency was stolen in the first half of 2018, and unfortunately for those who own crypto, it's pretty easy to do, according to cybersecurity company Carbon Black.www.cnbc.com
South African brothers disappear along with $3.6 billion in Bitcoin
The founders of South Africa's largest crypto exchange have gone missing.fortune.com
Crypto was invented to remove middlemen. People are silly and give their BTC or other cryptos to middlemen. These middlemen then run away with the money.
So the security of middlemen, like exchanges and other platforms, is poor and shouldn't be trusted. The security of BTC, in principle, is very good. It would take probably millions of years to brute force attack a random BTC wallet. If you stored your BTC in cold storage and had custody of your own keys, it is pretty much impossible to get hacked.
So ye, don't give your private keys and BTC to middlemen, as was designed, and you will be sound. Good job on a bunch of random articles, all you have done is highlight your own ignorance on the subject.
nikom court
Player Valuation: £20m
if i steal your wallet from your pocket is it the bank of englands fault?Nothing at all like those folks who lost all their bitcoin when the wallet services got "hacked" or the web host "disappeared".
Very secure.
Hackers steal $600m in major cryptocurrency heist
Thousands of digital tokens have been stolen by hackers in one of the largest cryptocurrency heists.www.bbc.com
Bitcoin bandits: Hackers steal equivalent of $40M from Binance
Hackers used a range of attack methods to steal 7,000 bitcoin from Binance, a one of the world's largest cryptocurrency exchanges on Tuesday.
Japanese bitcoin exchange is robbed of $60 million worth of cryptocurrency
Its digital wallet was connected to the internet and remained vulnerable
The Inside Story of Mt. Gox, Bitcoin's $460 Million Disaster
Tokyo-based bitcoin exchange Mt. Gox filed for bankruptcy last week, saying hackers had stolen the equivalent of $460 million from its online coffers. The news rocked the bitcoin world, and it could even bring down the much-hyped digital currency.
$1.1 billion in cryptocurrency has been stolen this year, and it was apparently easy to do
More than $1 billion worth of cryptocurrency was stolen in the first half of 2018, and unfortunately for those who own crypto, it's pretty easy to do, according to cybersecurity company Carbon Black.
South African brothers disappear along with $3.6 billion in Bitcoin
The founders of South Africa's largest crypto exchange have gone missing.fortune.com
If my wallet was stored in a safety depot box at the bank it would be.
What a stupid point.
nikom court
Player Valuation: £20m
It's your point that is stupid,you are blaming the thing stolen instead of the thieves lol
You said
I've just given you plenty of examples of someone running away with other people's bitcoin making your whole point moot.
Afghani money, bitcoin, it doesnt matter. You can still get robbed.
His whole point was how they wouldn't have gotten robbed by the Afghani leadership if your money was in bitcoin as then you couldn't be robbed by anyone else, yet those links show plenty of people have had their bitcoin robbed so it was a very stupid point.
nikom court
Player Valuation: £20m
They never had any bitcoin robbed as they never owned any,they owned an IOU from some dodgy websites, bitcoin has never been hacked!
Welcome
Join Grand Old Team to get involved in the Everton discussion. Signing up is quick, easy, and completely free.
Shop
