...And the good news keeps on coming... - page 2.

wxxyrqa

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Quote from: Mauser on December 20, 2020, 03:03:26 AM

Quote from: manfredmann on December 20, 2020, 02:50:31 AM

There are many possible reason why they wanted to regulate cryptocurrency. In my opinion, it could be that they are looking for the possible responsible individuals that has been hacking financial institution and converted it to cryptocurrency. That if we will going to have a shallow analization but more possible reason is that those hack financial institution are just loses from inside job and they wanted to divert the blame to the hackers for the loses and not to them.

In the end they will just make up some weak excuses why cryptocurrencies are bad and why they need to regulate them more. This should be a wake up call for all of us. The security of FiAT currencies are diminishing more and more. We should store any large amounts of money in the big fiat currencies. The recent rally in bitcoins showed us that it is best if we just switch into cytpos.

At least for today, the government already has concrete answers, Why did they need control and regulation of the cryptocurrency market and all users of the cryptocurrency. And the main reason we are talking about is the cryptocurrencies used for criminal activity. Of course they are not going to prohibit cryptocurrency, and that's good. but for them the main thing is not struggle, but control. Even a ban is not beneficial for the government.

Mauser

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Quote from: manfredmann on December 20, 2020, 02:50:31 AM

There are many possible reason why they wanted to regulate cryptocurrency. In my opinion, it could be that they are looking for the possible responsible individuals that has been hacking financial institution and converted it to cryptocurrency. That if we will going to have a shallow analization but more possible reason is that those hack financial institution are just loses from inside job and they wanted to divert the blame to the hackers for the loses and not to them.

In the end they will just make up some weak excuses why cryptocurrencies are bad and why they need to regulate them more. This should be a wake up call for all of us. The security of FiAT currencies are diminishing more and more. We should store any large amounts of money in the big fiat currencies. The recent rally in bitcoins showed us that it is best if we just switch into cytpos.

manfredmann

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There are many possible reason why they wanted to regulate cryptocurrency. In my opinion, it could be that they are looking for the possible responsible individuals that has been hacking financial institution and converted it to cryptocurrency. That if we will going to have a shallow analization but more possible reason is that those hack financial institution are just loses from inside job and they wanted to divert the blame to the hackers for the loses and not to them.

LogitechMouse

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Quote from: Starka on December 14, 2020, 01:26:23 PM

US Treasury is starting to admit that it’s been hacked by foreign entities. This is the same organization who’s pushing to establish oversight and regulation of cryptocurrency exchanges, identifying buyers and sellers.

That just gives you that warm, fuzzy feeling all over, doesn’t it!

I'm just curious why the US Treasury being hacked can be a good news??

You don't like cryptocurrency to be regulated aren't you? Anything on the internet can be hacked and this just shows that the security of the US Treasury is weak that hackers can get access into it. More of this will happen in the future as the technology is starting to evolve so their security must upgrade too. Anyway, this isn't a good news for the US Treasury and for us crypto users.

tabas

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That's not a good news for me. A hack is a hack and it does harm to any organization that has been affected by it. A government organization or agency or a crypto exchange.
Whether they're likely to put exchanges into regulations, I don't see the hacking to be a good news though. It's like being happy in the misfortune of others. But before anything else, there's no valid link and source for this news.

The Sceptical Chymist

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Quote from: bearexin on December 19, 2020, 03:22:45 AM

And what’s the good news about the US Treasury getting hacked, does it mean that they are not longer going to push the idea of crypto regulation?

Not likely, but is it even the Treasury department that's in charge of those kinds of regulations? My knowledge of the US government is abysmal, I'll admit, but I would figure on Congress, the Senate, or even the IRS getting worked up enough about crypto to pass laws to regulate it.

OP, I'm the kind of person who doesn't read the news and it'd be nice if you'd provide a link when you start threads like this, because I honestly have no idea what you're talking about. I'm trying to glean that information by reading everyone's replies, and that's a pain in the ass.

Now, the government getting hacked and having money stolen (if that's what happened; if not, it certainly could) makes me think that going completely digital as far as a monetary system is a bad idea. I don't think physical cash should ever be done away with completely. That isn't the topic of this thread, but it's what immediately came to mind here.

Dragonfund

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Quote from: Starka on December 14, 2020, 01:26:23 PM

US Treasury is starting to admit that it’s been hacked by foreign entities. This is the same organization who’s pushing to establish oversight and regulation of cryptocurrency exchanges, identifying buyers and sellers.

That just gives you that warm, fuzzy feeling all over, doesn’t it!

Nothing is fully secured over the internet, anything can happen any time which can lead to security breach.
I don't see anything fun with this, they are regulating cryptocurrency not because they want to stop you from investing in them, they actually want to separate the shaft from the good once that's why they were doing anything to protect the interests of you and other investors.
The good news keeps coming, what happen when the market cycle changes? Grin

Fesatmas

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Quote from: Starka on December 14, 2020, 01:26:23 PM

US Treasury is starting to admit that it’s been hacked by foreign entities. This is the same organization who’s pushing to establish oversight and regulation of cryptocurrency exchanges, identifying buyers and sellers.

Not only has the US Treasury been hacked, but recently a classmate of Microsoft has been hacked by some authorities whose cases were brought to the FBI still having suspicions about Russia. but here Russia completely rejects the US accusation.
The US is having a series of attacks from everywhere. of course after the presidential election ended. here Biden tested his leadership.

Peanutswar

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It's just a reflection they still have a weak security well some of them become too much confident even they have a chief information security officer but still at the end of the day some geeks would like to test their skills and potential to hack those known high-end security establishment. This kind of attack just telling us there are no safe security establishments if you are all connected through the internet and networks there is nothing impossible.

AniviaBtc

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Quote from: jackg on December 14, 2020, 01:36:30 PM

Anything connected to the Internet can be hacked.

No matter how secured your platform is, if the hacker is really skilled and experienced then you can be still vulnerable to them.

Imagine US Authority can be still hacked by those criminals who are anonymous, it is really hard to deal with them.

For those who are just a normal person who are surfing in the internet, always be careful and don't put any important information in a platform that is suspicious.

bearexin

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And what’s the good news about the US Treasury getting hacked, does it mean that they are not longer going to push the idea of crypto regulation? Please they will continue what they are trying to do, this still doesn’t change anything. This is the government, and they want to be in control and not let any slip through their watch.

Although I do know that there are reasons why they are trying to regulate the crypto, they have said a lot o like money laundering, and to avoid the money being used in funding terrorist activities. I do know that some of us prefer privacy, but what are we going to do? We still going to give it up because of some money launderers.

jackg

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https://bit.ly/387FXHi lightning theory

Quote from: Starka on December 14, 2020, 01:43:18 PM

From what I’ve read, PII is precisely what they’ve gotten in to, and Treasury really doesn’t want to admit it. As far as their involvement with crypto exchanges, the whole thing has the aroma of IRS about it. Call me jaded, but every time government wants oversight of something involving money, my ears go up like a jackrabbit.

Well if they're putting pii online then they probably don't have knowledge to bring prosecutions if/when they do get more information from exchanges and other places.

Not to mention that leaked information is less prosecutible against for additional reasons.

Starka

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From what I’ve read, PII is precisely what they’ve gotten in to, and Treasury really doesn’t want to admit it. As far as their involvement with crypto exchanges, the whole thing has the aroma of IRS about it. Call me jaded, but every time government wants oversight of something involving money, my ears go up like a jackrabbit.

jackg

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https://bit.ly/387FXHi lightning theory

Anything connected to the Internet can be hacked.

Dunno what information has been breached from what you've seen but correct storage of information (eg not putting pii online) is something governments should really be following.

Starka

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US Treasury is starting to admit that it’s been hacked by foreign entities. This is the same organization who’s pushing to establish oversight and regulation of cryptocurrency exchanges, identifying buyers and sellers.

That just gives you that warm, fuzzy feeling all over, doesn’t it!

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