Catch-22 of Crypto-Currency Hack Legal Protection

I was discussing cryptocurrencies with an acquaintance at a local Starbucks the other day, and I mentioned that I had worked with several entrepreneurs who had previously been academic experts in IT Security. Of course, for cryptocurrencies, everything is about secure data transmission and trust in the internal values ​​of these and zeros or Q bits. Maybe I can take a look at their business plans, even though these digital currencies have some blows on the way to the future, and I’m sure the future will be the norm – that’s the way the world looks.

Does this mean that we will have a distribution network such as distribution power on a smart network or distribution information like the Internet? Yes, people generally do what works, and with centralization and distribution redundancy strategies, there are both good and bad.

What is the last thing you ask now? There are two articles I read less than an hour after that meeting, because while watching the information I had previously saved it to write about; Slightly Useful – Bitcoin itself may fail as a currency, but the underlying technology is starting to offer valuable new applications “Paul Paul (February 18, 2014) and I think this article was written the day before Bitcoin was stolen. Top exchanges.

Another article was written by Naette Byrnes the day after the findings hit news agencies on February 25, 2014: “Bitcoin in the Hot Seat – A large Bitcoin exchange closes and questions about cyber currency arise.” Are you surprised? No, so do I.

The second article said; “Tokyo-based Gox Mountain, once one of the largest Bitcoin cyber exchanges, closed on Tuesday amid growing rumors of millions being stolen from the company and concerns about the long-term prospects of unregulated digital currency. Other bitcoin exchanges are rapidly moving away from Gox and still in business They claimed to be open. The currency itself fell slightly below $ 500 in the afternoon. It reached an all-time high in November. “

What do you say to that? Many. Does this prove the brothers who call it the Ponzi Scheme to be right? Will they get the last laugh, or is it just a disruption process that is expected because all the seats are designed? Consider this meditation practice.

Let’s say there was a hanky-panky here, let’s say someone broke the system or stole digital currency. Currently, all the new Big Big To Fail rules in digital currency banks and so on. It flies under the radar because it is not even recognized by. How much can a digital currency cost? It’s hard to say how a fantastic printed paper with the $ 20 mark can be worth anything, but it’s worth it if we all agree and trust the currency. What is the difference, it is a matter of trust?

Well, let’s just say regulators, the FBI, or some other branch of government are interfering and making accusations – if someone is being prosecuted for cheating on someone else, how much fraud is that? If the state’s executive and justice department puts a dollar on it, they mistakenly accept that the digital currency is real and has a value. If they do not intervene, any fraud that may or may not happen puts the whole concept one way back, and the media will continue to undermine the credibility of all digital or cryptocurrencies.

Thus, it is a capacity for the government, regulators, and executive members, and they can no longer look at it or deny this trend anymore. It’s time for rules. I personally hate regulation, but it doesn’t start that way at all. Once regulated, the concept is credible, but the digital currency concept can also overturn a World Monetary Strategy or even the US Dollar (Petro-Dollar) paradigm, and it can be hell for that. Can the global economy cope with this level of disruption? Follow us, we will see.

In the meantime, what happens next will either make or break this new change in how we look at the value of money, wealth, online transactions, and how we think about the future blurred reality of the real world. I just don’t see a lot of people thinking here, but let everyone take one step and we can all be in a world that is tormented – all of humanity. Please consider and think about all this.

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