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Kevin Karhan :verified:<a href="https://mas.to/@carnage4life" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@carnage4life</a> Considering <a href="https://infosec.space/tags/Tether" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Tether</a> is a centralized setup with literal <a href="https://infosec.space/tags/SmartContract" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#SmartContract</a> that give the company behind it the option to ban/freeze and empty <a href="https://infosec.space/tags/wallets" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#wallets</a> to "comply with <a href="https://infosec.space/tags/sanctions" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#sanctions</a>" it merely undercuts shitty <a href="https://infosec.space/tags/MoneyRemittance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MoneyRemittance</a> services like <a href="https://infosec.space/tags/WesternUnion" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#WesternUnion</a> that charge absurdly high fees.<ul><li>Personally, I bet <a href="https://infosec.space/tags/Monero" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Monero</a> will long-term become the global standard for <a href="https://infosec.space/tags/MoneyTransfer" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MoneyTransfer</a> and <a href="https://infosec.space/tags/CashlessPayments" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CashlessPayments</a>! </li></ul>But don't take my word on it cuz this is <a href="https://infosec.space/tags/NotFinancialAdvice" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#NotFinancialAdvice</a>...

Kevin Karhan :verified:<a href="https://infosec.exchange/@SpaceLifeForm" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@SpaceLifeForm</a> TBH, all <a href="https://infosec.space/tags/currency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#currency</a> - even antique <a href="https://infosec.space/tags/metal" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#metal</a> <a href="https://infosec.space/tags/coins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#coins</a> - is based off <a href="https://infosec.space/tags/fungibility" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#fungibility</a>. <ul><li>That's why <a href="https://infosec.space/tags/BurgerKing" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BurgerKing</a> in <a href="https://infosec.space/tags/Germany" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Germany</a> accepted <a href="https://infosec.space/tags/USD" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USD</a> and not just <a href="https://infosec.space/tags/Euro" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Euro</a> and would happily sell me a Cheeseburger for a $5 note just as with a €5 note ( they only exchanged in Euro but that's beyond the point).</li></ul>The reason why I can't even buy fries with 5.000 KPW [North Korean Won] has nothing to do with North Korea, but entirely with the fact that noone wants that money.<ul><li>And that fungibility is why the <a href="https://infosec.space/tags/USD" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USD</a> is even relevant and why the <a href="https://infosec.space/tags/Euro" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Euro</a> is stable: Because you can actualy buy shit with it.</li></ul> <a href="https://infosec.space/tags/Gold" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Gold</a>, <a href="https://infosec.space/tags/Silver" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Silver</a>, <a href="https://infosec.space/tags/Platinum" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Platinum</a> and even <a href="https://infosec.space/tags/Copper" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Copper</a> are not only inconvenient beyond small sums because they weight a lot but because their value sometimes fluctuates harder than <a href="https://infosec.space/tags/Monero" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Monero</a> and with the exception of Copper there had been Mass <a href="https://infosec.space/tags/Confiscations" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Confiscations</a> aka. state-based <a href="https://infosec.space/tags/theft" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#theft</a> of these per law.<ul><li>Therefore it's absurd to think that any metal- or other commodity-based currency could be established that would see actual use-case beyond being an expensive <a href="https://infosec.space/tags/Shitcoin" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Shitcoin</a> aka. <a href="https://infosec.space/tags/SecuritiesFraud" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#SecuritiesFraud</a>-based <a href="https://infosec.space/tags/Scam" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Scam</a>. </li><li>The only reason <a href="https://infosec.space/tags/Bitcoin" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Bitcoin</a> has any value is because <a href="https://infosec.space/tags/Billionaires" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Billionaires</a> and <a href="https://infosec.space/tags/Oligarchs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Oligarchs</a> use it to commit <a href="https://infosec.space/tags/TaxFraud" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TaxFraud</a> and <a href="https://infosec.space/tags/CapitalFlight" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CapitalFlight</a> in order to have an <a href="https://infosec.space/tags/ExitStrategy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ExitStrategy</a> left if or rather when their <a href="https://infosec.space/tags/Oligarchy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Oligarchy</a> - regardless if <a href="https://infosec.space/tags/Russia" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Russia</a>, "P.R." <a href="https://infosec.space/tags/China" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#China</a>, <a href="https://infosec.space/tags/UK" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#UK</a> or <a href="https://infosec.space/tags/USA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USA</a> implodes to buy themselves in elsewhere as "<a href="https://infosec.space/tags/EconomicRefugees" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#EconomicRefugees</a>" or rather <a href="https://infosec.space/tags/fugitives" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#fugitives</a> in a juristiction that doesn't extradite them for their *"<a href="https://infosec.space/tags/WhiteCollarCrime" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#WhiteCollarCrime</a>".</li><li>The only reason <a href="https://infosec.space/tags/Ethereum" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Ethereum</a> has any value is because it's the more "accessible" alternative to Bitcoin so mere <a href="https://infosec.space/tags/Millionaires" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Millionaires</a> can afford similar "<a href="https://infosec.space/tags/AssetProtection" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#AssetProtection</a>" strategies ...</li><li><a href="https://infosec.space/tags/Monero" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Monero</a> derives it's value not by having <a href="https://infosec.space/tags/Billions" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Billions</a> in on-paper-value locked in but entirely upon it's <a href="https://infosec.space/tags/fungibility" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#fungibility</a> and speed as a <a href="https://infosec.space/tags/PaymentSystem" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#PaymentSystem</a>, beating <a href="https://infosec.space/tags/Hawala" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Hawala</a> and <a href="https://infosec.space/tags/MoneyTransfer" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MoneyTransfer</a> providers by so wide margins that it feels like <a href="https://infosec.space/tags/US" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#US</a>-style <a href="https://infosec.space/tags/ACH" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ACH</a> Money Transfers getting steamrolled by <a href="https://infosec.space/tags/SEPA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#SEPA</a> <a href="https://infosec.space/tags/WireTransfer" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#WireTransfer</a>: They ain't even in the same millenium!</li></ul> So if you want to sell me on some <a href="https://infosec.space/tags/RareMetal" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#RareMetal</a> <a href="https://infosec.space/tags/investment" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#investment</a> scheme: Please fuck off!If not, disregard the last sentence...Thanks.

Norobiik @Norobiik@noc.socialThe break in the cables has led to widespread disruption of <a href="https://noc.social/tags/internet" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#internet</a> and <a href="https://noc.social/tags/telecommunications" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#telecommunications</a>-linked businesses, including <a href="https://noc.social/tags/banks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#banks</a>, <a href="https://noc.social/tags/MobilePhone" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MobilePhone</a> operations, <a href="https://noc.social/tags/MoneyTransfer" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MoneyTransfer</a> agencies and <a href="https://noc.social/tags/StockExchange" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#StockExchange</a> markets. <a href="https://noc.social/tags/Africa" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Africa</a><a href="https://noc.social/tags/Ghana" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Ghana</a> says repairs on <a href="https://noc.social/tags/SubseaCables" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#SubseaCables</a> could take five weeks <a href="https://www.msn.com/en-us/news/other/ghana-says-repairs-on-subsea-cables-could-take-five-weeks/ar-BB1k19Sq?ocid=emmx-mmx-feeds&PC=EMMX01" rel="nofollow noopener noreferrer" target="_blank">https://www.msn.com/en-us/news/other/ghana-says-repairs-on-subsea-cables-could-take-five-weeks/ar-BB1k19Sq?ocid=emmx-mmx-feeds&PC=EMMX01</a>Back toot: <a href="https://noc.social/@Norobiik/112095509375324222" rel="nofollow noopener noreferrer" target="_blank">https://noc.social/@Norobiik/112095509375324222</a>

Carsten RaddatzScam, scam, scam and scammy shitloads of money<a href="https://nerdica.net/display/a85d7459-1564-a94c-2052-ac3830592994" rel="nofollow noopener noreferrer" target="_blank">https://nerdica.net/display/a85d7459-1564-a94c-2052-ac3830592994</a>

Al Jazeera (unofficial)Money sent home by Pakistani workers in Europe is helping to build homes in the province of Punjab.The sinking of a migrant boat off Greece last month, and t... <a href="https://www.youtube.com/watch?v=iXewlmrAwKg" rel="nofollow noopener noreferrer" target="_blank">Pakistan economy: Migrant remittances building 'mini-Norway'</a>

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