/biz/ - Business & Finance

tick

tock

>>22896006
>>22896071

>http://archive.4plebs.org/pol/thread/241674007/#q241675695

Literally everything he said happened. Italy outbreak was described so accurately, eurusd fucking mooning since months now, USA questionable surge capacity and everything else.
So now that the virus came to Brazil as he said could happen, are we fucked for years to come?

NO SHILL OR FUD
i found this on the net and really made me think.
what's anon opinion on this matter?

>Cryptocurrency is a brilliant solution to a problem that doesn’t exist.

>Cryptocurrency is digital money that is hard to counterfeit. While the mathematical foundation is ingenious, an “immutable money ledger” is far from being a major need today. >Our money is already digital, in the form of bank computer records, and no one is worried that these records will suddenly disappear. >This is due to a robust system of trust and governance that protects individuals from such risks.

>While many dislike this complex system, it works reasonably well and there is still no better alternative. In fact, the anti-counterfeiting measures that cryptocurrencies offer create an array of much worse problems:

>Transferring security risk to the currency owners: Removing banks from the system also removes the protection that banks provide in security, fraud prevention, and dispute resolution, leaving individuals vulnerable to theft, scams, and human errors.

>To protect themselves, cryptocurrency users are expected to undertake complicated security procedures such as generating cryptographic keys using dice, entering them into an unused laptop that is later destroyed, storing the keys using special hardware from multiple manufacturers, and keeping paper backups in bank safes.

>Comparing that to credit cards, which allow consumers to make payments using just a few unencrypted numbers while being fully protected from losses, underlines how far cryptocurrencies are from becoming the currency of the future.


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