“US Justice’s largest ever financial seizure sees two arrests over $3.6bn stolen crypto”

Feb 10, 2022 | Currencies

I make a point of never recommending anything which is a)unregulated or b) I don’t understand and can’t explain. And here’s proof, were it ever needed, that crypto-bitcoins fall firmly into both categories. This hacker apparently stole bitcoins (which sort of don’t exist anyway, do they?) and sent them to another hacker’s digital wallet then chain hopping to change them into anonymity-enhanced virtual currency Simples. I can see why many of a certain age would still prefer to collect their pensions in cash from the Post Office…

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El Salvador plans to make Bitcoin its official currency

I avoid recommending stuff which even I don’t understand. That’s where I am with Bitcoin and Cryptocurrencies. The cost of mining them, for example: aren’t they just computer algorithms? Could I coherently explain a computer algorithm? Yes, many, including one or two...