Bank Hacked - Thousands of Accounts have been Drained...

It's the bank bail in that passed a couple of years ago. They are just using the 'hackers' as a smoke screen. The fact is the whole job could only be done internally with knowledge of all the banking security systems and...signatures by people with power to release funds of more than 500 pounds (remember all the terrorist bank restrictions?).

Their own bank robbed them and all I've got to say is this.

BitCoin and Credit Unions. Might want to look into it while they get ready to rob the rest of the banks.

Where are all the tech support located? I'd be surprised if it wasn't Brazil for this particular instance...

You misspelled Gold And Silver -

Bitcoins will just get "hacked" too wont they?

You can't hack cryptocurrency if it's in an offline wallet but if the grid goes down it won't be of any use.

i thought BITCOIN crashed?

a long time ago?

unfortunately.

They've stored our money in wet paper bags!

I made a post about the bail-ins' and literally nobody gave a shit.

Thread: 1000x More Terrifying than massive bank bail-outs ....The BAIL-IN.

And each of the occassions that BTC/XTC was stolen was all inside jobs, usually with an exit scam. Someone sets up a dummy company and people get suckered in. Think of it this way. If you handed a full wallet to some shady POS in a backalley and you were promised that your money and wallet would be there later. I'm afraid that would be a case of Caveat Emptor, buyer beware.

However in terms of security, the 8 years I've used BTC, keeping my wallet ON ME as a security measure has worked out just fine. Since it's digital I have backups of my wallet just in case. I am my own bank in the case of BTC. More to the point, if you want to succeed in starting a currency know the players, and who's in it to win it. Right now, no one 'in charge' is going to win fighting against the inevitable organic growth that will use the rot and mature of their industry as a fertile field to sow BTC as the next level in economic renewal.

To discuss financial security, if people keep throwing around their money in a marketplace like a drunk at a casino borrowing from loan sharks...well then, the obvious outcome is fairly obvious. They will lose their bankrolls.

For metal...it hasn't even kept up with inflation. It's a bad medium for transaction in a world that ships goods from everywhere. Unless you trust that you can put a bar of gold in a fedex package and trust that something gets delivered back. Otherwise, like BTC fly by nights, you'll just get robbed.

It really doesn't matter what the capital is for the exchange, it's only a receipt of a value of transaction performed for goods or services. All money by it's nature is a legal agreement, nothing else. Where the issue pops up is when money gets hyped as the end goal instead of being a tool to facilitate a transaction to make something happen.

They don't give a shit because everyone is broke. It's pretty simple why the attitude persists. They are all bred to a communist, central state that is lousy at math and the state lies about everything.

The issue is very simple to resolve though. Grow the new forest on the remains of the last one. Just like it happens in nature. When the gardeners are shitty, their garden is overrun very easily with everything they don't want. And the financial as it stands has the worst gardeners I've ever seen.

When they're hacked, they get their money.

They 'hack' their own banks. You have no idea how incredibly paranoid financial institutions are and how many hoops it takes to merely take a couple of bucks out of a bank machine.

To actually dip into a couple of thousand accounts in one shot, that's called an inside job and it's perfectly legal given the laws passed a couple of years ago to allow banks to bail in and give an 'excuse'.

let's all get BITCOIN ..... sarc\

[house of cards] is their M.O.

Last Edited by abalienari_non_possunt® on 11/07/2016 01:11 PM

Take it or leave it. If you all want to be back in the feudal ages defending yourselves (or obeying) kings. That can be arranged as well with a couple of nudges in a couple of unrelated areas. The train you are all on is going to run over a cliff in 14 years. So you might as well plan on success, or the other plan is use the FEMA coffins and let a bunch of psychopaths run your lives.

Future or past. Take your pick.

Liberty and Freedom is the goal. Anything in the way of it will be run over

To stress something, the entire system is one very large machine run by thieves and very dumb people that invest poorly to up keep.

The fact is any machine running can be broken one of two ways:

1) By removing lots of tiny parts that matter as much as the "main cogs". Just have to know what to break, however if looking for clean hands.

2) Don't fix shit that gets broken. Don't highlight faults that require repair. Clean hands happens doing this since the owness of the functioning system falls on the 'king' or whoever the fuck thinks they are running it to pay UPFRONT CASH ONLY.

With option 2. You let it break down because that's what happens when maintenance isn't done and no one is troubleshooting the system at large. All of them concerned with their molehills while ignoring the large systemic issues.

So it don't matter if a 'god', a 'devil', a moron or a president runs it. My cousin that has the wisdom of a plumber, and he makes a fortune with the simple position of what happens when a shitter is broken and overflowing.

When something you need breaks horribly, you'll pay ANYTHING to make it work again. And it's a sure thing it's going to break like cheap plates since it's well beyond it's scheduled maintenance with far too much rust/corruption already seizing the cogs.

You obviously haven't thought about how you are going pay for that freedom and liberty. Or you'll just end up right back here because you are offering the exact same offer as the communists that run your business now. While I know you believe that you are doing right by those ideas, there is also a shit load of processes and strategies to manage it so it runs.

If you truly wanted to be free, you'd drop everything and go do it. Right now it's all blah blah blah. You subscribe to their systems and you obtain the results given. Don't mistake a reset as a magic wand, it ain't, there are logistics, processes, metrics and shaping of offers so everyone is 'free' and at liberty to operate in the system given.

Right now you are just being sold an illusion of 'freedom' and 'liberty'. Just like a brand of soda pop, you are free to choose which carbonated battery acid you can purchase.

Only need to wait for the system to break badly and kill all the users. Then it's much easier to 'inherit' and reshape EVERYTHING without a bunch of useless twats spouting nonsense about shit they don't know a damn things about.

Then again, what do I know. I'm just some country bumpkin that's watched it come and go more times than I've got fingers, toes and teeth. Sure you are all wise enough to see the writing on the wall.

Two Words...

Cold Storage

Have a nice day!

That's why it's important to stay out of it and plan for the next. If you get suckered into their pleas of poverty, famine or whatever bullshit they did to themselves then you validate their position. You give them permission to continue. But it's simpler to move over, keep busy on your own projects and let the POS they dragged in busted up fall to pieces. Then you've got no problems and more importantly CLEAN HANDS. Best case you've improved a couple of local things.

Which is WAY better than standing in the way of a train that's last stop is coming up where the bridge collapsed a long time ago. Pretty stupid to lead on faith that a half busted train can jump a ravine, only one thing happens there.

-whistling noise-
-crash-
-BOOM!-

LOL!

You've obviously underestimated [US] again...

:Spwcz 01:

This is why a cashless society is a bad idea. Imagine if everyone had all $$$ taken at once. Noone could even buy food or gas to get home. The economy would stop.

Last Edited by samanthasunflower on 11/07/2016 02:31 PM

Shit mine must of been affected to I'm-67$

I like the way you think

Bitcoin is very hard to hack. And the security system is such that it would detect such a hack almost immediately if proper protocols are followed.

gold and silver are the only answer to freedom ..many people on glp don't even get it ... he answer ...think deep !!!

Bitcoin was in a stupid high bubble, which subsequently crashed.

But Bitcoin did bounce back, and is looking healthy again. It is subject to free-market swings in value, which is the nature of unregulated money. And so it is susceptible to free-market manipulations by State actors with unlimited budgets.

It's the only "currency" that has appreciated in value over the last several years.

There are some upcoming options for off-line Bitcoin transactions, but I wouldn't trust them:

[link to www.coindesk.com]

Gold and silver will not be the only answer to freedom when the .gov taxes and regulates such ownership & transactions out of existence. And then if you trade in them on the black market, you will be a criminal, on par with counterfeiters and tax-evaders, in their eyes. You will be anything but free.