RE: Cryptocurrency Now Considered A "National Security Threat" By The Federal Reserve 07-17-2019, 09:05 PM
#5
It's funny because Mnuchin doesn't represent the whole Federal Reserve, clickbaity indeed.
However, the much bigger national security threat is actually the White House itself. They seem to be signaling that they care more about the illicit use cases of cryptocurrencies, but they make no acknowledgment of the decentralized nature of Bitcoin. "Bitcoin is highly volatile and based on thin air", makes me wonder what the US dollar is based on with an average decrease in purchasing power of 2% every year
However, the much bigger national security threat is actually the White House itself. They seem to be signaling that they care more about the illicit use cases of cryptocurrencies, but they make no acknowledgment of the decentralized nature of Bitcoin. "Bitcoin is highly volatile and based on thin air", makes me wonder what the US dollar is based on with an average decrease in purchasing power of 2% every year
Ransomware is more about manipulating vulnerabilities in human psychology than the adversary’s technological sophistication.
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