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cryptocurrency

 
 
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Author jennifer_2525
Partaker
#16 | Posted: 9 Jan 2018 11:53 | Edited by: jennifer_2525 
It is a virtual currency. So many counterinsurgencies are available now days in the market. Economists says it has no future and this kind of currency never comes into the reality. It just become a network marketing type of business for the people.

Author Paul
Lead Developer
#17 | Posted: 9 Jan 2018 20:59 
tom322:
a manufactured "hack" could steal all bitcoins from users and guess what - there are no regulations, no authority to complain about

This is correct indeed - as there was said, in the IT world everything could be hacked, everything. An absolute protection today would mean some weak level in the nearest feature, and regarding the Bitcoin algorithms, I suppose, there is nothing perfect and it could be exploited somehow; that's why there are appearing "new" crypto currencies, which suppose more stronger algorithm of encoding the bits, but still, they are perfect nowadays and noone could guarantee they will be ideal for the next 10 years.

I suppose, this all is like a short-term game, for those who jumped into the last wagon of this train, the game could be profitable if they could exit in-time; for others, it's yet another finance game similar to Forex etc. where you could earn something, but lose a lot.

Author Paul
Lead Developer
#18 | Posted: 9 Jan 2018 21:01 
jennifer_2525:
this kind of currency never comes into the reality

For sure. Even now you could use Bitcoins somewhere as the method of payment, but it appears like being more created for speculative games. Also, like I wrote above, none of the governments on this planet will accept the currency which is issued by someone else (or even more, which could be issued by ANYONE else).

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