Archives for posts with tag: crypto

Isn’t it rather funny that something called “crypto” is run on a completely transparent platform?
So transparent that all the tracks are apparent but many of the ‘access points’ remain cloaked?

“The thing is, once smart-contract code is live on a blockchain, you can’t update it. If you discover a bug, it’s too late: the whole point of blockchains is that you can’t alter stuff that’s been written to them. Worse, code that’s hosted on a blockchain is publicly visible—so black-hat hackers can study it at their leisure and look for mistakes to exploit.”

Why on Earth would anybody invest their ‘life savings’ in ‘crypto’?!?
Furthermore, why would anybody who has millions of dollars to invest would use a ‘custodial wallet‘?!?

You buy into something extremely volatile – crypto, then you go for a custodial wallet because the ‘custodians’ offer “an up to 9% annual percentage yield (APY)—much higher than a traditional savings account.”?!?

How did these people lay their hands on that kind of money in the first place?

It claimed to be FDIC (Federal Deposit Insurance Corporation) insured. And being a publicly traded company on the Toronto Stock Exchange, he thought, how bad could Voyager be?

When are we going to understand that money is a wonderful tool but a ‘misleading’ goal?

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