The Catch-22 Of Legal Enforcement of Crypto-Currency Hacking

 One day I was talking to a friend at our endemic Starbucks about cryptocurrencies and he told me that he’d worked with several entrepreneurs who were anteriorly academic experts in IT security. With cryptocurrencies, of course, everything revolves around secure data transmission and trust in the hardwired value of bones and bottoms or Q- bits. Possibly I will take a look at their business plan, although this digital currency has some headwinds in the future, I am sure it’ll get the norm of the future-that is how the world seems to be on the move.

Does this mean that we will have distributive currencies like the distribution energy in smart grids or distribution information like the internet? Well, people normally do what works, and there are good bones and bad bones with centralization and with distributed redundancy strategies.

Well what is the final thing you ask? Well, there were two essays that I read no another than an hour after the meeting while browsing the information anteriorly saved to write on the subject thereafter; Not really useful-Bitcoin itself may fail as a currency, but the bolstering technology is starting to suggest expensive new uses,” by Paul Ford (Feb. 18, 2014) and consider that this paper was written by you just days before the Bitcoin theft turned their top exchanges..

Another paper was written by Naette Byrnes the day after the results hit the heads on February 25, 2014″Bitcoin in the Hot Seat-Big Bitcoin Exchange Closed, raising questions about cyber currencies”. Are you surprised? No me too.

The alternate essay goes on to state; Tokyo- hungMt. Gox, once one of the largest exchanges for bitcoin cybercurrencies, canned operations Tuesday amid rumors of the theft of millions from the company and growing establishments over the long- term prospects for the digital currency Bitcoin. Exchanges fast moved out from Mount Gox, claiming they’re still open for trading. The value of the currency itself fell sprucely in the age to over$ 500. In the age it hit an all- time high of$. November.”

What do you say? Ouch. Does this prove that the opponents who call it the Ponzi scheme are right? Was the last time they laughed or was this just an awaited evolutionary distraction as all quagmires were resolved? Well, consider this consideration experimentation that I did.

Let’s say it’s a handkerchief, let’s say someone hacks the system or steals digital currency. These days, digital currencies are under the radar as they go undetected yea with all the new Too Big To Fail regulations in banks etc. How can digital currencies have value? It’s hard to say how can a beautifully issued piece of paper that says$ 20 be worth reality, it’s not, but it’s worth what it represents if we all agree and believe in its currency. What is the difference, it’s a matter of trust right?

. Okay, let’s say the controls, FBI, or some other branch of government step in and perform-if they file a unlawful complaint that someone is cheating on someone else, how significant fraud is it? When law enforcement and judicial authorities present bone volumes to the government, they inadvertently assent and so honor digital currencies that are real and havevalue.However, any fraud that may or may not hap will set the whole notion back and the media will continue to damage the trust of any digital currency or cryptocurrency, If not involved.

So this is the 22nd catch for governments, controls, and law enforcement agencies, and they can not look the other way or deny this trend presently. It’s time for regulations. Well, personally I abominate the rules, but that does not normally start. Once established, the generality is given credibility, but the generality of a digital currency could also undermine the entire One World Currency strategy, or yea the US bone (petro- bone) paradigm, and hell could be paid for that too. Can the global husbandry handle this place of derangement? Stay tuned, I allow we’ll see.

In the meantime, what happens coming will change or break through this new shift in the way we view financial value, wealth, online deals, and how the real world will commingle into the hazy realities of our future. I just do not see legion people presently allowing, but everyone has to do it, a misstep and we could all be in a world of pain-all ofhumanity.Please keep all of this in mind and allow about it.