Now I know you've been seeing a lot about this thing called BitCoin. Over and over again BitCoin this, BitCoin, blah,blah, blah, BitCoin, blah, blah. Well here's the truth, the whole thing is meant only for money laundering. Thats the part no one is telling you. BitCoin is not meant to be used by the average person. It's for illegal arms dealers, illegal drug dealers and cyber-criminals. Why, do I say this? Because it's true.
Here's the basic facts about BitCoin or any other form of cryptocurrency.
1) Anyone can create a cryptocurrency.
2) No government backs any of the known cryptocurrencies.
3) The level of encryption to maintain the security of any of the current cryptocurrencies will be hacked within three years.
Those simple facts mean only one thing for you and I. It's a scam that we afford to benefit from. Now I know there are some of you who want to believe that cryptocurrency is the way of the future. Here's a obvious point that you are not paying attention to. If you have a credit or debit card you are already using cryptocurrency. All the money that you have in a checking account can be accessed through the internet via a physical card or now even your phone. For all of this to work requires encryption. So your physical money becomes encrypted money therefore it is a....cryptocurrency.
Here's where it gets tricky. Like Monopoly money the current forms of cryptocurrency are all based on an agreed upon value. So one crypto-dollar means X. Now multiply that number by Y and you get Z. To convert that value of Z into actual physical dollars is where the lie of cryptocurrency comes in. See no government went to BitCoinor any of these others currencies and said our money is worth X number of BitCoin or whatever. It was all made up by some stock brokers and hackers. But it was only meant to be used in the black market. You know where illegal stuff happens. But some body made enough money on the stuff to bring it into the foreground of the markets.
Now people actually think BitCoin actually has a real value. Again no government agreed to this. To do so would be to devalue their own currency. All it would take is one successful cypto-theft and someone could bankrupt a governments currency. Therefore governments avoid this problem by not baking any cryptocurrency. What does that mean for you? Well if the bank loses your money they can get back because the government issuers it up to a certain amount. With no government backing if you get hacked for your BitCoin no one will be able to get your money back. See what that means.
Do yourself a favor and do not get involved in cryptocurrency. Until the phrase "Helix-based" Encryption becomes a thing all the crypto in these cryptocurrencies is susceptible to be hacked. The anti-virus, computer security companies can't keep up or come up with a secure way to keep people for hacking systems. Until something exceptionally difficult to break comes along that can last 20 years none of these things is worth investing your real money or your real time in. Watch the video below to learn more. Enjoy.
+CNET
+PCMag
www.cnet.com
www.pcmag.com
www.valuetainment.com
www.bitcoin.org
If you liked this post please share and subscribe to receive future posts.
Here's the basic facts about BitCoin or any other form of cryptocurrency.
1) Anyone can create a cryptocurrency.
2) No government backs any of the known cryptocurrencies.
3) The level of encryption to maintain the security of any of the current cryptocurrencies will be hacked within three years.
Here's where it gets tricky. Like Monopoly money the current forms of cryptocurrency are all based on an agreed upon value. So one crypto-dollar means X. Now multiply that number by Y and you get Z. To convert that value of Z into actual physical dollars is where the lie of cryptocurrency comes in. See no government went to BitCoinor any of these others currencies and said our money is worth X number of BitCoin or whatever. It was all made up by some stock brokers and hackers. But it was only meant to be used in the black market. You know where illegal stuff happens. But some body made enough money on the stuff to bring it into the foreground of the markets.
Do yourself a favor and do not get involved in cryptocurrency. Until the phrase "Helix-based" Encryption becomes a thing all the crypto in these cryptocurrencies is susceptible to be hacked. The anti-virus, computer security companies can't keep up or come up with a secure way to keep people for hacking systems. Until something exceptionally difficult to break comes along that can last 20 years none of these things is worth investing your real money or your real time in. Watch the video below to learn more. Enjoy.
+CNET
+PCMag
www.cnet.com
www.pcmag.com
www.valuetainment.com
www.bitcoin.org
If you liked this post please share and subscribe to receive future posts.
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