IF you're thinking of buying OTHER cryptocurrencies, or ICOs, here's a WARNING
I strongly suggest you use the website ZERO HEDGE for your up-to-date news. They're great!
Their URL is http://www.zerohedge.com/
Yesterday, a discussion about cryptocurrencies was brought up by their readers in the "Comments" section. Here is the BEST warning about ICOs and cryptocurrencies I have seen to date. Read it carefully:
Their URL is http://www.zerohedge.com/
Yesterday, a discussion about cryptocurrencies was brought up by their readers in the "Comments" section. Here is the BEST warning about ICOs and cryptocurrencies I have seen to date. Read it carefully:
NOW LISTEN UP FOLKS!
I will make an exception this time and let you in on the real truth!
If
my information is correct, Bitcoin is very different than Etherium,
because Bitcoin is based solely on a complex yet straightforward data
structure. Etherium, on the other hand is reliant upon a PLATFORM. I
think that perhaps everyone who uses Etherium needs to have this
platform, which is a standardized computer program, on their machine.
Probably most computer science professors would tell you that data, as
in data structures, eg. text, are fundamentally the same thing as
machine instruction files, i.e. programs. They are dead wrong. In order
to transform a data structure into a computer program, you must have a
large, complex "compiler" program, and yes, compiler programs are very
special PLATFORMS.
Bitcoin
is a giant encrypted data structure, like a vast text file. Any good
programmer could write a bespoke program to "read" it. Etherium is
itself a vast encrypted program which cannot be "re-written". Therefore
every flaw and security hole in it is baked in forever. It is itself a
PLATFORM. It can be "patched" if you wish to trust the patch developers.
Here are some other platforms: Microsoft Windows; the JAVA Engine,
needed to run Java programs; Macromedia Flash Media Player; Chrome web
browser, etc. What do they all have in common? They have endless flaws
and security holes, and since they are monocultural platforms and
everybody has one, if a black hacker, or the GOVERNMENT owns a
"zero-day" security hole, THEY OWN YOU.
Remember:
No one has ever been able to use a plain text file to distribute
viruses. Not once. Microsoft Word documents contain embedded computer
programs, in the same fashion that non-static web pages contain embedded
JavaScript programs. So of course Microsoft Word documents and web
pages have been black hacked countless times.
BEWARE OF CRYPTO-CURRENCIES THAT ARE BASED ON PLATFORMS!
CAVEAT EMPTOR (buyer beware)
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