/biz/ - Business & Finance

[Anonymous No.13845524]

Tell me how crypto is better than our current banking system. I'll wait.

[Anonymous No.13845541]

Jews

[Anonymous No.13845542]

>>13845524
his identity was stolen because someone bought his social security number online and then called up a help desk somewhere saying "i forgot my password" used publically availible details on the guy's facebook to answer stuff like birthday and place of birth and then logged in like he owned the place.

[Anonymous No.13845545]

Maybe because with crypto you have the control. Then again most people are too fucking stupid to protect their own money so maybe banks are the way to go for them.

[Anonymous No.13845548]

i really only envision crypto as enabling certain markets that are impossible otherwise or, optimistically, serving as an ever growing "alternative" economy

[Anonymous No.13845557]

>>13845524
Pee pee poo poo

[Anonymous No.13845568]

The goberment can’t seize your assets

/thread

Salty no coiner. Keep your private keys secure it’s really a no brainer

[Anonymous No.13845592]

>>13845542
Actually not what happened read the OP he was hacked by SIM card jacking

[Anonymous No.13845637]

>>13845592
this isn't reddit and you don't get magical good boy points for correcting someone who refutes an argument with a perfectly valid example by citing how "technically" they're wrong.

Curb your autism.

[Anonymous No.13845640]

>>13845545
Crypto is for the 10% non-lemmings

[Anonymous No.13845649]

>>13845637
Oh ok you’re right anything I say here doesn’t matter

Including if your retracted ass argument

[Anonymous No.13845652]

>>13845568
A friend of mine had his bitcoins seized in a raid years ago

[Anonymous No.13845656]

>>13845524
no one can actually steal your identity if you keep your private keys properly
if you can't protect your info properly, your identity will be stolen anyway

[Anonymous No.13845660]

>>13845637
Oh shit you’re the retard who wrote that stupid pasta and don’t think before he hit send

Leave your keyboard at the door son

[Anonymous No.13845817]

hackers and thieves are just too good these days. your fundus will never be safu in crypto don't buy any more than you can afford to lose

[Anonymous No.13845853]

>>13845524
Because fuck kikes

[Anonymous No.13845855]

It’s not. The only useful coin is monero

[Anonymous No.13845874]

I enjoy knowing that someone at a bank can't touch my corn because someone else said so.

[Anonymous No.13846013]

>>13845524

So just use whitelists for ip.

[Anonymous No.13846022]

>>13845545
This.
Literally slave mentality, this guy would be a serf instead of a lord back in the middle age.

[Anonymous No.13846057]

>>13845524
faster and gives them more control

[Anonymous No.13846338]

>>13845524
Under the old system, I can't be an insufferable contrarian.

[Anonymous No.13846462]

>>13845524
How much has the fed devalued the dollar since 1913 again? 90%?

[Anonymous No.13846484]

>>13845524
do you trust the Jews who control the Federal Reserve to preserve your purchasing power?

[Anonymous No.13847251]

>>13846484
Do you trust a handful of unregulated exchanges and a small group of whales that hold the majority of the currency?

Fiat is shit.
Crypto is also shit.

Both of those can be true at the same time.

[Anonymous No.13847724]

>>13847251
the question is, which is less shit in:
1 year
2 years
5 years
10 years
20 years
I'd say 30 years but we'll all be dead by then

[Anonymous No.13847842]

>>13845524
Sean lost his money because he is stupid. He used a carrier directly, like AT&T/Verizon by utilizing SMS as a 2FA. He was the victim of a SIM port attack. It's not hard to do. This is why I use a Pixel phone that has a Titan security chip inside, coupled with Google's Advanced Protection Program. This means my entire account requires two hardware keys, the Titan chip in my Pixel and one of the Titan Security keys that comes separate. I also use Google Fi and have a Trezor Model T hardware wallet, with a stainless steel seed phrase. I also carry a gun and have many alarms and bodyguards, so don't think about robbing me.

[Anonymous No.13847886]

>COLD WALLET
Holy fucking shit people are dumb.

[Anonymous No.13847928]

>>13845568
>hand over your keys or we will throw you in prison
they can

[Anonymous No.13847977]

>>13845541
underrated

[Anonymous No.13848023]

>>13845592
>sim card jacking
How does this shit even work? It all sounds like make belief tv mumbo jumbo used as an easy escape goat by people that leave themselves open to identity theft. Any anon here care to elaborate how that shit would work in this scenario?

[Anonymous No.13848046]

>tfw my bank doesn't tell me shit they just freeze my card and then I have to call after realizing nothing will accept my card
baka

[Anonymous No.13848073]

>>13848023
> escape goat

[Anonymous No.13848093]

>>13848023
How i've heard it work in the past was as simple as the hacker calling a carrier and pretending they worked for a store, i.e. best buy, and were with a customer who bought a new phone. The hacker would aound urgent like the customer was being an ass and the carrier would swap sims. I'm guessing the hacker would also need basic information about their target

[Anonymous No.13848145]

>>13845524
Ask your parents about the crisis in 2008 and how it was resolved. I'll wait.

[Anonymous No.13848155]

>>13848093
Interesting, but wouldn't they need some sort of vendor identification number pegged to the carrier's system to identify the caller as a legit agent capable to make those changes to the customer account?

[Anonymous No.13848175]

>>13848155
Now, i think so. In the past, no.

[Anonymous No.13848234]

>>13848175
When was this fool hacked then? It seems like this might have been entirely his fault if it happened recently

[Anonymous No.13848325]

>>13848234
There are ways around everything. Vendor verification won't stop a hacker. If anything, it would make it easier once a hacker has a verification number.