Crypto robbery

[Arzosah]

This isn't the report I originally saw - which said that the guy who was being robbed managed to fake the transfer - but this one says that the transfer failed in some way: http://www.dailymail.co.uk/news/article ... -raid.html

So, not sure of the reason, but it seems that the robbers didn't get anything. Or thats whats being said

[jansman]

http://www.bbc.co.uk/news/technology-42872610 This a crypto robbery in progress!

[Arwen Thebard]

Keep it off line is indeed the right thing to do, if you leave your money with an exchange and this happens, then you loose it all.

Keep it offline in your own possession just like you would with gold or silver.

I assume you mean keeping one's wealth offline ? Aren't crypto's wholly dependant upon the internet?

However , it seems not all preppers think alike ,
https://www.bloomberg.com/news/articles ... apocalypse
Puzzles me even more .

Perhaps a better term would be to "STORE" your cryptos off line, in a cold wallet, perhaps like a Ledger Nano S device

https://www.ledgerwallet.com/products/12-ledger-nano-s

[Arwen Thebard]

I wouldn't argue you're wrong and tend to have the same views with regards to physical assets. Of course though , Argentina's economy collapsed before the introduction of bitcoin and its ilk so the option wasn't there. It would be interesting to see just what would happen to a failing economy with crypto currencies present although I fear just a scenario is more than likely in the near future. I do wonder though if crypto's are having an effect at perhaps hastening such a downturn considering the energy used to mine and manage and all the wealth tied up in an "asset" of no practical use whatsoever ( unless one counts it as a vehicle purely for investment)?

Lets see what happens in Venezuela in the next few months, they have a collapsed economy and are about to create their own national crypto currency, linked / backed by their oil and gas reserves. Its called the Petro.

The government have given the mining rights and process over to the citizens, so anyone with computer and internet connection can get involved in mining the Petro. (It might be a bit more complicated / involved than that but that's the basic idea anyway.)

Bitcoin and other tokens have become very popular and used in Venezuela as their fiat currency has collapsed.

If it works and other players are prepared to accept the Petro, then it's one way of them getting around the US imposed sanctions.

[grenfell]

Thanks for that , looks like Venezuela might be one to keep an eye on. Might even turn out we all end up with crypto's as part of our preps