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I have watch analysis on YouTube by different economy think tank how the US dollars is getting weak by the day because of the ever rising USA national debt profile, they huge own the Chinese government trillions of dollars, the government of China has been asking USA government to pay them their debt, but they are not willing to pay. An analyst predicted that the US government is not going to pay China the debt, saying "should the US government offer to pay the trillions of dollars debt, it will spell doom to the US economy and further weaken the dollar or even bring it to its kneel". Because of the aforementioned economic saga, the Chinese government together with some other power blocks are willing to bye pass the US dollars during trade by dealing directly with their local currencies rather than the US dollars. In the recent times, the President of Russia has expressed the willingness to ditch the US dollars.
Should the US dollars greatly loss value and become less use by world economic powers, something else has to move in to replace the green paper(US dollars). Of course, the United States won't like to loss to any country, am thinking maybe the world could just adopt the bitcoin as the world reserve currency, since it's owned by no one and controlled by none.
Guys, what do you think, will the world likely be willing to adopt the bitcoin as the world currency in the event of the US dollars collapse?
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Towards the end of last year until now, we have been seeing a rise in the number of cryptocurrency exchanges that keep flooding this space. They come with various promises of token burn and buy back programs. Some do start by conducting airdrop and launching a referral programs making a compulsory KYC to beat cheaters.
It's worth of note that not all keep to their promises, as they dump massively on the market after a little pump to encourage investors to buy more of their tokens. After much dumping of their native token, they launch a trade driven mining program for their customers, rewarding top traders with their native tokens as a sign of loyalty to the system. My major concern is that some of these exchanges do list just any type of scamming coins without a proper review of the project and team, which they will later delist for lack of volume and project development continuity. This is done after these scammers must have made away with huge BTC and ETH by dumping their coin. Some of these exchanges sometimes don's trend has become a source of serious concern because of the security threat to some investors in area of: Identity theft (selling KYC to the dark web), email and login password possibility hack(never use same password for two exchanges and always install 2FA. Download Authy from the store) and finally the danger of a staging an exist scam.
Let us be very careful how we deal with new exchanges that seems to have questionable team and agenda.
Thank you all.t have traceable CEO, investors just trade by faith"lols!
Thank you all.
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So a friend of mine today cried a river and his soul is still in anguish. His private key to his ERC20 wallet was compromised and his account got hacked, the attacker has moved all ETH and some valuable tokens, he tried to send in some ETH to move out the remaining tokens to a new safe wallet, each time he does that, the attacker quickly move out the tokens. We are currently waiting for the hacker to send in ETH in other to complete his stealing of the left over tokens. Now, he confused to saved his private key and 2FA private key in an online storage wallet that got hacked.
SOME TIPS TO STAYING SAFE:
> Never store your private keys online, try to write them down on offline paper with pen and keep it secured. > When trading on a decentralized exchange, try using Metamask in connecting with the exchange, this way your private key is off the exchange. > Try using 2FA in your accounts or wallets that have it on. >Use a separate email for your airdrop, bounty, wallet and exchanges. >Try using a very strong password and avoid using same password for all wallets and exchanges. >Never send your private key at any request by any site or project. keep it private. >Try to store your tokens in different wallets and not just one wallet.
I wish everyone best of luck in this space.
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