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Various Currencies

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Wade Hampton III

  • Posts: 1149
  • Joined: Fri Oct 18, 2013 10:40 pm
  • Location: Pontiac, SC

Various Currencies

PostFri Dec 01, 2017 10:35 pm

For centuries, humans from all around the world have tried to use different
things as money. Some forms, which most people are familiar with today, have
been effective catalysts for trade over thousands of years. Other currencies,
from squirrel pelts to parmesan cheese, have had their time or place in human
history, but were ultimately unsuccessful or made obsolete. The path to finding
the best money has been long and riddled with trial and error. Here are just
some of the world’s strangest currencies that we discovered in our research: ... urrencies/

Wade says, "Interesting that this info-chart did not include the value of
German Labor which was monetized by Chancellor Adolf Hiltler in the previous
century, under which Germany soared to new heights while the rest of the
Jew-controlled Capitalist-Communist world wallowed in depression.."
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Wade Hampton III

  • Posts: 1149
  • Joined: Fri Oct 18, 2013 10:40 pm
  • Location: Pontiac, SC

Re: Various Currencies

PostFri Dec 08, 2017 3:09 am

Hacked Bitcoin!

Approximately $64 million in Bitcoin was stolen from digital currency exchange,
NiceHash, this week, after the platform was hacked. The intrusion is one of the
largest successful Bitcoin thefts to occur since the cryptocurrency was first
launched in 2009. Security and finance experts alike are calling the event a
sign of further strife to come; a lack of industry oversight and poor security
protections may raise the risk that other platforms will fall victim to similar
attacks. Such negative attention could potentially lower the value of
cryptocurrencies across the board, but hasn’t so far. It might also cause
more platforms to increase their oversight and security methods.
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Bitcoin Hack Facts

NiceHash, located in Slovenia, is just one of thousands of potential Bitcoin
trading markets online. Experts say that many of these platforms fail to do
enough to protect the investor, and may also be subject to similar intrusions
or thefts. In total, three dozen Bitcoin trading platforms have fallen victim
to hacking attacks since 2011 totalling nearly $4 billion in loss for investors.
Most of the platforms immediately went under as a lack of government oversight
and technological ability made it virtually impossible to recoup funds. Difficulty
in tracking and reversing transactions is just one of the problems the Department
of Homeland Security has with cryptocurrencies as a whole. The way the cryptocurrency
functions makes it virtually impossible to tax or manage without significant changes
to the U.S. currency system.

High risks to investors have the U.S. Government considering a move to license
and provide oversight for cryptocurrency trading platforms. Acting Comptroller
of the Currency of the United States, Keith Noreika, announced an interest in
making such a move earlier in the fall. Although cryptocurrencies are inherently
risky (like most investments that could realize a decent return), there are ways
to mitigate at least some of the risks. Whenever possible, use offline hardware
wallets – these offer a higher level of security because they can be removed
from the network. If you must use online wallets, do your research. Be aware
that any online wallet, regardless of its claims, technically has a risk for
an intrusion attempt. If you do choose to use online wallets, think of your
wallet as being similar to Paypal. Use it to store or transfer Bitcoin, but
transfer large amounts out to a safer solution (like an offline hardware wallet
or USB wallet). Never leave high-value balances in an online or PC-based wallet
unless you are actively trading. Always use a strong password and two or three-
factor authentication for your wallets. The extra step may seem like a pain,
but it will protect you from serious harm later on down the road. Use strong,
16+ digit passcodes with numbers, letters, and symbols whenever possible, and
keep your passcode stored offline in a place where it cannot be accessed
(e.g., a bank deposit box or safe). Never store your passcodes on your PC
or anywhere near your wallet.

Wade says, "These can NEVER be whacked, hacked, or whatever. Only if you hold
them. If you don't hold them, you don't own them."
Hold It Or You Don't Own It
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