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Author Topic: Crypto.  (Read 1604 times)

Offline vinceASPECT

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Crypto.
« on: November 03, 2023, 03:20:40 PM »
Hello Forum,

That crypto fraud in the News.........Horrific........

10 billion dollars theft *** SAM BANKMAN-FRIED******

========================================

i just wondered if my Crypto understanding (below)  is correct..........?

1) You Run the tool  .....say  "bitcoin" on  some Server farms or PC
'
2) .......you are rewarded with BITCOINS for the more CPU  Horsepower you offer the bitcoin Tool.......more  Power. = mining coins faster......

3)  Another way to get bitcoins is just BUY THEM from other uses or from "the POOL" using currency....?

4)  THe Reason your "already OWNED bitcoins" may be increasing in "dollar value" is simply because MORE customers have since joined the BITCOIN block chain and used "currency" to buy
bitcoins.........(there-for, over-all, the value of ALL bitcoins increases)  VICE VERSA

Why are people interested in CRYPTO...........because they can MOON.....and rise sharply
There are NO FEES.........transactions are limitless etc


is there some truth to the above?

thanks
C
« Last Edit: November 03, 2023, 03:30:02 PM by vinceASPECT »
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Offline gadget42

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Re: Crypto.
« Reply #1 on: November 04, 2023, 06:50:08 AM »
tulipmania:
https://en.wikipedia.org/wiki/Tulip_mania
and...
digital anything is worthless without electricity(go Snake Plissken and EMP!):
https://www.youtube.com/watch?v=gHUqNCDwQj4

20231104-0552am-cdt-usa-modified-added some keywords for later searchers
« Last Edit: November 04, 2023, 06:52:35 AM by gadget42 »
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Offline vinceASPECT

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Re: Crypto.
« Reply #2 on: November 04, 2023, 02:38:43 PM »
Hello Forum,

Not  sure..............  it  could be that Crypto is a "pyramid" type accumulative thing.


The vid below shows HOW  a "crypto coin buyers"  coins ......increase in value
(from perspective)

......... it somehow helps   

Thx
C

https://www.youtube.com/watch?v=8VSztCUbvQw&t=138s

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Offline gadget42

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Re: Crypto.
« Reply #3 on: November 05, 2023, 11:47:50 AM »
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** WARNING: connection is not using a post-quantum kex exchange algorithm.
** This session may be vulnerable to "store now, decrypt later" attacks.
** The server may need to be upgraded. See https://openssh.com/pq.html

Offline vinceASPECT

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Re: Crypto.
« Reply #4 on: November 06, 2023, 12:21:59 PM »
HEllo Forum,

He thieved it all   .......8   to  10 billion  usd  dollars    ( peoples money )

Lord.

https://www.youtube.com/watch?v=3QpdU9LS540

Thx.
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