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        <title>NickYam</title>
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            <title><![CDATA[Some Points about the Value of BTC]]></title>
            <link>https://paragraph.com/@thurn/some-points-about-the-value-of-btc</link>
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            <pubDate>Thu, 07 Oct 2021 15:21:14 GMT</pubDate>
            <description><![CDATA[I recently have been thinking of the value of Bitcoin and wanted to know the logic about BTC. As we all know, BTC is a virtual currency based on deflation logic. Due to the deflation property of its design, the greater the degree of attention, the more users, the higher price. What I came to understand recently is some controversial parts: i.The virtual currency of deflation logic itself does not have an absolute threshold. A dog with a certain programming base can design similar products suc...]]></description>
            <content:encoded><![CDATA[<p>I recently have been thinking of the value of Bitcoin and wanted to know the logic about BTC. As we all know, BTC is a virtual currency based on deflation logic. Due to the deflation property of its design, the greater the degree of attention, the more users, the higher price. What I came to understand recently is some controversial parts:</p><p>i.The virtual currency of deflation logic itself does not have an absolute threshold. A dog with a certain programming base can design similar products such as fire coins, water coins, etc. But under normal circumstances only one concept is the most recognised. This is similar to brand barriers. It is clear that Bitcoin currently has this capability. Just like that in ancient Africa, maybe coconut is hard currency, but when trading with westerners, hard currency can only be silver or gold coins.</p><p>ii.Bitcoin is basically unable to be physically blocked by the government unless the Internet is banned. Of course, there is still a big risk in Bitcoin. That is, governments forming a legal cognition alliance, and announcing that the circulation of Bitcoin is illegal. Since it can be circulated through the Internet, users can also be locked and located through the Internet. For instance, Pony Ma can&apos;t stop Jack Ma from sending a WeChat red envelope to Liu Qiangdong, but he can know whether Liu Qiangdong received the red envelope.</p><p>iii. The <em>value</em> of Bitcoin lies in its trading tax avoidance property. But this is similar to investing in gold. The consumptional and functional application properties of gold are very low, mainly due to currency attributes. The demand side is difficult to estimate and can only be judged by the political and economic forms of international powers. Given its strong destructiveness in subverting government currency, valuations are even harder.</p><p>As an investment variety, the risk is indeed too large, mainly because the price does not have a stable valuation framework. Of course, I still don&apos;t understand much about BTC. Record it first.</p>]]></content:encoded>
            <author>thurn@newsletter.paragraph.com (NickYam)</author>
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            <title><![CDATA[I received a Bitcoin Blackmail]]></title>
            <link>https://paragraph.com/@thurn/i-received-a-bitcoin-blackmail</link>
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            <pubDate>Thu, 07 Oct 2021 15:18:56 GMT</pubDate>
            <description><![CDATA[This evening, I received a special email from the mailbox that I haven&apos;t used for a long time, a bitcoin blackmail. The email showed me the password that I have always been familiar with. Next, the mail told me that someone had captured my camera at the same time and took my private video. I was required to pay $ 999 in the form of Bitcoin. First of all, I am convinced that I have no private photos or videos; secondly, I will not accept extortion by the other party; finally, my password ...]]></description>
            <content:encoded><![CDATA[<p>This evening, I received a special email from the mailbox that I haven&apos;t used for a long time, a bitcoin blackmail. The email showed me the password that I have always been familiar with. Next, the mail told me that someone had captured my camera at the same time and took my private video. I was required to pay $ 999 in the form of Bitcoin. First of all, I am convinced that I have no private photos or videos; secondly, I will not accept extortion by the other party; finally, my password was changed a long time ago, so this should be from some password database when it leaked which i was involved</p><p>So, although this email was long, the core is just a leaked password i have already changed. Anything else that breaking into my camera, and the need to transfer bitcoins just made this email look even worse. If you come across this kind of email, keep calm first, and then search for similar cases on the Internet, you can see my article, and don’t worry about it. Of course, I also checked other websites and found that there are several similar reports , and you can also refer to them.</p><p>like this：<a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://withoutbullshit.com/blog/a-second-bitcoin-blackmail-scam-based-on-hacked-passwords">A second Bitcoin blackmail scam, based on hacked passwords</a></p><p>The full text of my email is as follows:</p><blockquote><p>I am aware xxxxxxx is your pass. Lets get straight to purpose. Not one person has compensated me to investigate you. You don’t know me and you are most likely wondering why you’re getting this e mail?</p><p>Well, i setup a malware on the X video clips (adult porn) web-site and you know what, you visited this web site to experience fun (you know what i mean). While you were watching videos, your web browser initiated functioning as a Remote Desktop having a key logger which provided me with accessibility to your display and also webcam. Just after that, my software program collected all of your contacts from your Messenger, FB, as well as email . and then i made a double-screen video. First part displays the video you were watching (you have a good taste ; )), and next part displays the recording of your webcam, yeah it is you.</p><p>You get two possibilities. Lets check out each of these choices in particulars:</p><p>First alternative is to neglect this e-mail. as a result, i will send your actual recorded material to every bit of your contacts and thus visualize about the shame you feel. Furthermore in case you are in a committed relationship, exactly how it will eventually affect?</p><p>Latter option is to pay me USD 999. We are going to think of it as a donation. Consequently, i will quickly discard your video recording. You can carry on your daily life like this never occurred and you would never hear back again from me.</p><p>You’ll make the payment via Bi‌tco‌in (if you don’t know this, search for ‘how to buy b‌itcoi‌n’ in Google).</p><p>B‌T‌C‌ ad‌dre‌ss: 12Q7NUp4Ex7F6PnnGf2jQDB5MfmguCBTzv</p><p>if you have been curious about going to the cops, very well, this e-mail cannot be traced back to me. I have covered my moves. i am not trying to charge a fee a whole lot, i wish to be rewarded. You have%} one day tuCBTzv if i do not get the ‌bi‌tco‌in‌, i will definitely send out your video to all of your contacts including membe rs of your family, colleagues, and many others. Nonetheless, if i receive the payment, i will destroy the recording immediately. If you want evidence, reply Yup! &amp; i definitely will send out your video to your 12 friends. This is the nonnegotiable offer that being said don’t waste my time and yours by responding to this e-mail.</p></blockquote>]]></content:encoded>
            <author>thurn@newsletter.paragraph.com (NickYam)</author>
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