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Re: DIMON - CEO J.P. Morgan: BITCOIN IS A FRAUD. 

By: monkeytrots in POPE IV | Recommend this post (2)
Thu, 14 Sep 17 4:49 AM | 97 view(s)
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Msg. 34020 of 47202
(This msg. is a reply to 33994 by Beldin)

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Hyup - hacking the not so-secure blockchain technology. Granted, most of the 'hacks' are phishing attacks, which don't technically penetrate the cryptography - but not ALL the attacks are such low tech.

Blockchain technology is simply a distributed ledger tech- much, much, much slower that the ledger tech used in clearing checks, debit cards, and credit cards.

That is ALL it is - with a few 'golden eggs' inside the ledger algo's that they 'call currency'. BS

NK's hack and use of bitcoin would be identical to hacking/stealing/penetrating trading of ENRON STOCKS - and using those as 'currency', prior to the Enron Fraud being exposed.

It is exactly the same thing.




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The above is a reply to the following message:
Re: DIMON - CEO J.P. Morgan: BITCOIN IS A FRAUD.
By: Beldin
in POPE IV
Wed, 13 Sep 17 9:50 PM
Msg. 33994 of 47202

North Korea is dodging sanctions with a secret bitcoin stash

http://www.msn.com/en-us/news/other/north-korea-is-dodging-sanctions-with-a-secret-bitcoin-stash/ar-AArJ5Cu?OCID=ansmsnnews11


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