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Tag: Security

  • Bitcoin Explained In Simple Terms by Jack Mallers – Founder of Strike

    Bitcoin Explained In Simple Terms by Jack Mallers – Founder of Strike

    In the YouTube video titled “Jack Mallers Explains What Bitcoin Is In Simple Terms,” Jack Mallers – the founder and CEO of Zap and Strike (apps that enable fast and easy transactions over Bitcoin’s Lightning Network), ELI5 (Explains Like I’m 5) the concept of money as an abstracted form of time and energy, and the importance of having a stable store of value for our collective contributions to society. He contrasts this idea with traditional forms of money, such as paper currency or government-issued money, which can be debased and devalued over time.

    Mallers argues that Bitcoin is the closest we have come to a perfect store of value for our time and energy, as it is decentralized, cannot be debased, and exists outside the control of governments or corporations. He also compares the guarantee and promise of Bitcoin as a fixed money to the guarantee and promise of death, emphasizing the importance of being able to value the present moment.

    When explaining how Bitcoin is different from traditional fiat currency, he ues the concept of time and value. He argues that money is a technology for exchanging labor and energy, and that Bitcoin’s fixed supply allows individuals to truly value their time and energy in the present. The speaker also notes that money has become worse over time, with the shift away from a gold standard, and that people have become accustomed to the broken money system. He emphasizes that Bitcoin is a life-altering technology that allows individuals to store and exchange value in a way that preserves its purchasing power.

    He further discusses the concept of inflation and how it affects people’s lives by debasing the value of their time and energy. He explains that as the value of money decreases, people are required to work longer hours to maintain the same standard of living.

    Mallers argues that this is an insidious and malicious act that steals from the collective populace. He believes that the broken money system is a significant contributor to societal deterioration and that Bitcoin offers a potential solution by providing a more stable and secure way to store, save, and exchange time and energy.

    Jack Mallers was a guest on the Zuby podcast:

  • Social Network Apps That Target Individuals to Discredit Them

    Social Network Apps That Target Individuals to Discredit Them

    In today’s interconnected world, social networking platforms have become an integral part of our daily lives. While these platforms offer opportunities for communication, connection, and sharing, there are instances where they can be exploited to target and discredit individuals. In this article, we will explore the phenomenon of social network apps being used to discredit individuals, examining the tactics employed and the potential consequences for targeted individuals.

    Understanding Discrediting Tactics

    Social network apps provide a powerful medium for disseminating information and influencing public opinion. Unfortunately, some individuals or groups exploit these platforms to launch targeted campaigns aimed at discrediting others. This involves spreading false or misleading information, manipulating narratives, or engaging in online harassment to tarnish the reputation and credibility of their targets.

    Common Discrediting Techniques

    1. False Information: Perpetrators may create and spread false information about their targets, intentionally distorting facts or fabricating stories to undermine their credibility. This can include spreading rumors, forging documents, or manipulating images and videos.
    2. Smear Campaigns: Coordinated efforts are undertaken to launch a relentless attack on an individual’s reputation, character, or professional standing. This often involves multiple accounts or individuals working together to amplify negative narratives and derogatory content.
    3. Online Harassment and Trolling: Perpetrators may engage in systematic harassment, including threats, bullying, or personal attacks, in order to intimidate their targets and discourage them from expressing their views or defending themselves.
    4. Manipulation of Social Networks: Perpetrators strategically exploit the algorithms and features of social network apps to spread discrediting content more widely. This can involve leveraging bots, fake accounts, or manipulating trending topics to amplify negative narratives.

    Consequences for Targeted Individuals

    Being subjected to a discrediting campaign through social network apps can have severe consequences for targeted individuals. These may include:

    1. Reputation Damage: False information and targeted campaigns can tarnish an individual’s reputation, affecting personal relationships, professional opportunities, and overall well-being.
    2. Emotional Distress: Online harassment, personal attacks, and continuous exposure to negative content can lead to significant emotional distress, including anxiety, depression, and feelings of helplessness.
    3. Professional and Financial Impacts: Discrediting campaigns can harm an individual’s career prospects, business relationships, and financial stability, as employers, clients, or partners may be influenced by the false narratives.
    4. Erosion of Trust: Being targeted by discrediting tactics erodes trust in online platforms and can lead to a reluctance to participate in public discourse, stifling free expression and diverse viewpoints.

    Protecting Against Discrediting Campaigns

    While it may be challenging to completely prevent discrediting campaigns, individuals can take proactive steps to protect themselves:

    1. Vigilance: Stay alert to potential signs of targeted discrediting, such as sudden online attacks, coordinated negative narratives, or the spread of false information.
    2. Fact-Checking: Verify information before sharing it, especially when it concerns others. Promote responsible sharing and critical thinking to counter misinformation.
    3. Privacy Settings and Security Measures: Regularly review and adjust privacy settings on social network apps to control access to personal information. Implement strong passwords, two-factor authentication, and be cautious when accepting friend requests or engaging with unfamiliar accounts.
    4. Seek Legal Support: In severe cases of online harassment or defamation, individuals may consider seeking legal assistance to protect their rights and seek appropriate remedies.

    Conclusion

    The rise of social network apps has provided new avenues for communication and connection. However, they have also become tools that can be exploited to discredit individuals through false information, smear campaigns, online harassment, and manipulation. Recognizing these tactics and implementing protective measures can help individuals mitigate the impact of discrediting campaigns and maintain their reputation and well-being in the digital age.

  • Bitcoin: Understanding the World’s First Cryptocurrency

    Bitcoin: Understanding the World’s First Cryptocurrency

    Bitcoin is a digital currency that has gained widespread attention in recent years. Bitcoin is often referred to as a “cryptocurrency”, though there are other digital assets also referred to as cryptocurrencies.

    Bitcoin was officially launched in 2009 by an obscure entity who called himself Satoshi Nakamoto. It operates on a wholly decentralized network, which means it is not and cannot be controlled by any central authority, including a government. Instead, it is maintained by a community of volunteers who work together to verify and process transactions.

    At its core, Bitcoin is a digital file that contains information about transactions between buyers and sellers. These transactions are verified and recorded on a public ledger called the blockchain. The blockchain is essentially a decentralized database that allows anyone to view transactions in real-time, providing transparency and security to the system.

    One of the unique features of Bitcoin is its limited supply. Unlike traditional currencies that can be printed at nauseum, Bitcoin is capped by design and there will only ever be 21 million Bitcoins in existence. This makes Bitcoin is a scarce asset and some argue, that the scarcity is what drives up and will continue to drive up the value of Bitcoin. In this respect, the HODLers like to use the phrase “To The Moon”.

    To acquire Bitcoin, users can either buy it on a cryptocurrency exchange, or “mine” it through a process referred to as “proof-of-work”. Mining involves using computer processing power to solve mathematical equations that verify transactions on the blockchain. In return for this work, miners are rewarded with newly-minted (created) Bitcoin.

    In recent years, Bitcoin has gained popularity as an investment option, but early adopters of the cryptocurrency have used it as means of payment. Some merchants and retailers adapted to the growing popularity and began to accept Bitcoin payments in their businesses.

    Transactions with Bitcoin are not only faster and cheaper than traditional payment methods like credit cards, they are also non-discriminatory so anyone can use them to pay for things anywhere.

    Security of Bitcoin transactions is safeguarded and verified by the decentralized network, making it nearly impossible to hack or counterfeit. This made it possible for people oppressed by tyrannical regimes to transact with other parties.

    Bitcoin has also faced criticism for its environmental impact. While it is true that the mining process requires some amount of electricity, the allegation that these have significant impact on the environment have been vastly debunked and the criticism exposed for being manufactured.

    To sum Bitcoin up: Bitcoin is a decentralized digital currency. It operates on a public ledger called the blockchain outside of a single point of failure. Because there will ever only be no more than 21 Million Bitcoins ever mined, the cryptocurrency is an attractive investment option, which at the same time offers fast and secure transactions. However, because it is a relatively new and volatile asset, one should keep a well diversified portfolio and not be invested too much in novelty assets.

  • Banks vs BTC Business Hours

    Banks vs BTC Business Hours

    One of the most significant advantages of Bitcoin over traditional banking systems is its 24/7 accessibility. While banks typically operate during specific business hours, Bitcoin can be bought, sold, and traded around the clock, 365 days a year, without any restrictions.

    This level of accessibility has made Bitcoin a popular choice for those seeking greater flexibility and autonomy in their financial transactions. Whether you’re looking to buy goods and services online, send money to a friend or family member overseas, or invest in the cryptocurrency market, Bitcoin provides a reliable and efficient means of doing so, regardless of the time of day or day of the week.

    Moreover, the ability to transact with Bitcoin at any time also means that users can take advantage of market fluctuations and seize opportunities to buy or sell at the right moment. Unlike traditional banking systems that may require users to wait until the next business day to execute a transaction, Bitcoin allows for real-time trading, giving users more control over their finances.

    Of course, this level of accessibility also comes with its own set of risks and challenges, such as the potential for hacking and cyber attacks. However, with the right security measures in place, Bitcoin users can enjoy the benefits of 24/7 accessibility while minimizing the associated risks.

    In conclusion, the fact that Bitcoin is open 24/7 is a significant advantage that sets it apart from traditional banking systems. This accessibility allows for greater flexibility and autonomy in financial transactions and provides users with more control over their finances. While there are risks associated with this level of accessibility, the potential benefits of Bitcoin make it a worthwhile consideration for anyone seeking a more flexible and efficient financial system.

  • Bitcoin Pacman Eating Fiat Money

    Bitcoin Pacman Eating Fiat Money

    The image of a Bitcoin pacman devouring the symbols of the world’s largest currencies is a powerful symbol of the growing dominance of cryptocurrencies over traditional fiat currencies. The image captures the essence of the battle that is currently being waged between these two forms of currency, with Bitcoin and other cryptocurrencies gaining ground and threatening to overtake traditional currencies.

    Bitcoin, the world’s largest and most popular cryptocurrency, has been steadily gaining in popularity over the past few years, with more and more people turning to it as a safe and reliable alternative to traditional currencies. The rise of Bitcoin has been fueled by a number of factors, including the growing mistrust of traditional financial institutions, the increasing popularity of peer-to-peer payment systems, and the growing awareness of the benefits of digital currencies.

    One of the key advantages of Bitcoin is its security and transparency. Unlike traditional currencies, which are controlled by central banks and subject to manipulation and interference, Bitcoin is decentralized and operates on a peer-to-peer network. This means that transactions are transparent and secure, with no central authority controlling the flow of currency.

    Another advantage of Bitcoin is its ease of use and accessibility. Unlike traditional currencies, which can be difficult to obtain and use in some parts of the world, Bitcoin can be easily acquired and used by anyone with an internet connection. This makes it an ideal currency for people living in countries with unstable or unreliable financial systems, or for people who want to make international transactions without having to deal with the high fees and restrictions imposed by traditional financial institutions.

    The rise of Bitcoin and other cryptocurrencies has not gone unnoticed by governments and financial institutions around the world. Some have embraced the new technology, recognizing the potential benefits it can offer, while others have sought to restrict or regulate its use. However, the growing popularity and acceptance of Bitcoin suggest that it is only a matter of time before it becomes a mainstream currency, and one that could potentially replace traditional fiat currencies altogether.