The government is getting more information on everyone using the Dark Market Places. Every day its is proving that crypto currencies are not decentralized. It seems like a new way for the government to find illegal activity. An Ethereum Parity Wallet was hacked a few days ago. This is a multi sig wallet that should be safe and decentralized from any sort of hacking or invasion of privacy. As time passes by it is proving that Crypto Currencies seem less likely to be decentralized and a great way to confiscate money from investors or a situation for hackers to steal it.
Here is an article that came out today. The government shut down AlphaBay confiscating "$5 million in Bitcoin, $1.8 million in Ethereum, and $760,000 in Zcash, in addition to conventional bank accounts of unknown value." ( Russell Brandom). What shocked me was Hansa also another anonymous exchange using the Tor Network was also comprised by the government. This is more proof none of it is decentralized. "Hansa Market remained online in the aftermath of the takedown, in what now appears to be a coordinated strategy by law enforcement." "The agency claims to have collected 10,000 addresses of European Hansa customers over the course of the investigation." (Russel Brandom). Are we being fooled into believing that the Crypto Currency Market is actually decentralized so governments can confiscate our funds and invade our privacy? This is the article. https://www.theverge.com/2017/7/20/16003046/alphabay-takedown-hansa-marketplace-fbi-europol-sessions
I have been talking about exchanges possibly being broke, Dark Markets shut down, and now Ethereum Parity Wallet has been hacked for 32 million! Think of all the people that thought this was completely safe because it was a Multi Sig Wallet that people say are completely safe and something hackers can't break into. Who knows if Hardware Wallets are even safe. Maybe one day they will be broken into as well. "Parity later announced that, following the hack, the White Hat Group quickly began to drain as many multi-sig wallets as possible to prevent the hackers from making off with any more funds." (Josiah Wilmoth) So the White Hat Group trying to save some of the Crypto Currencies also took out funds right of peoples Wallets. Does anyone really feel safe investing in Crypto Currencies? I have read stories of people being wiped out of millions of dollars. This is article on what is going on. https://www.cryptocoinsnews.com/hackers-seize-32-million-in-parity-wallet-breach/
I was going to wait till August the 1st to consider investing again. But at this point I may not invest ever again in Crypto Currencies. I have a very bad feeling this could be a possible scam to make people believe they are anonymous. More and more people are being hacked or being caught by the government in supposed decentralized situations. The one good thing is the Crypto Currency Market is back up and you have another chance of getting out before the whole market crashes. I believe the entire market will crash as people will no longer believe in Crypto Currencies. It is not just the fact of what is going on with the government and hackers, it is also the fact a lot of these coins being made are done by people who have fraudulent past. I hope everyone that is invested continues to make money and the market doesn't clean everyone out, but I will be watching from the sidelines for a while. I will keep updating and trying to find more information on what is going on with Crypto Currencies. Most of the You Tubers are to busy being shills trying to get a few thumbs up not even researching who is behind these ICOs coming out. They talk about the idea, but don't mention if people with a fraudulent history are behind it. If government shuts down more markets you will be lucky to see a few You Tubers even bring it up. Make sure you do your research regardless of what anyone says and browse every where online but also update steemit community on what is really going on if you can. We appreciate real news.
pictures:
spying on house- Grace in Underland - WordPress.com
hacked- ETHNews.com
cryto curreny scam- DailyCryptocurrency
Scary stuff! I try to be as anonymous as I can.
I am more worried about hackers stealing my money than the government catching me buying 100 dollars in droogs from a dark web marketplace. I am far from an expert in security but how safe is say cold storage? That's what I am leaning towards doing with any decent sum of coin. It seems like theft, and huge theft, is a regular thing with cryptos. It would be crazy not to be concerned
I used nano ledger s its hard ware wallet. But to be honest its messed up too. It starts charging these high fees to do transactions the more you use the wallet. They claim that bitcoin is backed up with transactions. I had to put in my own amount on transactions to send the funds out when the price is outrageous. It goes through as I lower it to the proper price. A lot of people aren't and spending like 5 bucks to send out 10 dollars ins funds from hardware wallets. But just the fact it starts putting these high fees every time you try to move funds is also makes you wonder what is going and maybe someone is manipulating the price to send funds out on hardware wallet.