John McAfee, the founder of McAfee anti-virus program and this year’s presidential candidate running with the Libertarian Party has criticized Bitcoin for being “too complex for the Average Individual.” and advised people to be cautious when using bitcoin.“Here’s the problem with Bitcoin; it’s just like any emerging technology.The technology here isn’t Bitcoin, it’s digital currency.And with any emerging technology, the first few attempts are gonna have some problems.Now, you cannot deny that hundreds of millions of dollars have disappeared for various reasons with Bitcoin users,” Mcafee.Despite his asceticism towards bitcoin as an independent currency, McAfee believes that digitalized forms of money will replace current fiat-based financial systems.However, he thinks that bitcoin will not be one of them.“ It is number one, too complex for the average individual.The blockchain mining of coins is becoming increasingly expensive… We can talk forever about the intricate technical problems or lack of such.

But from my personal opinion, I do not think the electronic currency will be Bitcoin.I’m close friends with Ron Pierce, he’s one of the biggest enthusiasts of Bitcoin.Honestly, in private conversations with Ron, we get the same thing.There will be an electronic currency, that I promise you.And if it’s Bitcoin, great.I just don’t think it will be.” One main concept of Bitcoin which the general population fail to embrace is its decentralized and transparent nature.The Bitcoin blockchain network, a peer to peer network is secured and maintained by millions of miners around the world.Which means, the network does not require the existence of central authorities or third party applications and mediators to revoke, restrict and alter transactions or activities on the network.Individuals like McAfee, with a superficial understanding of cryptocurrencies like Bitcoin fail to understand how a cryptographic algorithms operate and are utilized to provide a certain level of security which fiat-based or centralized application simply cannot.

Because traditional financial instruments and applications offer administrative abilities to authorities and capabilities to alter and change data on the network, it inevitably fall victim to various hacking attacks and data breaches.Despite the limitations of such financial technologies, McAfee still argues that there are many unresolved technological issues with Bitcoin.“There are tremendous technology problems with bitcoin,” McAfee There are tremendous infrastructure problems.The number of people who lost money by wallets that have simply disappeared, by trusting companies is legion.Without considering the technological limitations of these wallet platforms and their security holes, McAfee instead directly criticized the Bitcoin network for the loss and theft of bitcoins which occurred in independent bitcoin platforms like Mt.Over the past few years, people have lost millions of dollars in exchanges and wallets which had faulty systems and poor security protocols.Gox had a centralized server where the exchange kept bitcoins themselves, which today is known to be an extremely vulnerable bitcoin operation.

While politicians and tech gurus like McAfee still believe bitcoin is not viable as a currency, the virtual money ended 2015 as the best performing currency of the year, and was the only currency / asset which wasn’t affected by the rising interest rates of the United States.Share This Story!Let friends in your social network know what you are reading aboutTwitterGoogle+LinkedInPinterestPosted!A link has been posted to your Facebook feed.sell litecoin to euroSAN FRANCISCO — As Christmas approaches, experts suggest an extra dollop of caution before clicking on email package delivery notices.uber accepts bitcoinFake notifications are proliferating, bringing not holiday cheer — but holiday ransomware.The holiday phishing season began just before Thanksgiving and will likely extend until after Christmas, said Caleb Barlow, vice president for IBM Security.“This is a $445 billion business.ethereum free cloud mining

mon subject lines the company has been tracking include:*We could not deliver your parcel, #00556030*Please Confirm Your DHL Shipment*Problems with item delivery, n.000834069*Delivery Receipt | Confirm Awb no:XXX830169*Your order is ready to be delivered*Courier was unable to deliver the parcel, ID00990381*Your DHL is here please download attachment to view detail and confirmation of your  addressxEmbedCLOSEUSA TODAY98.5 tons of holiday-rush packages stop in AlaskaLet the clicker bewareIt’s important to remember legitimate shippers such as Amazon, FedEx and UPS have nothing to do with this and haven't done anything here.“It’s the bad guys trying to trick you into thinking it’s them, not the companies themselves,” Barlow said.UPS  keeps a page on its site showing various examples of fake delivery notices, with tips on how to spot fraud.bitcoin asking for idThe Federal Trade Commission also has information up on how consumers can protect themselves.The fake messages tend to come in two main types.Some contain malware that invades your computer and either allows it to be used by a botnet or attempts to find and extract personal information about you that could be sold, or login information for your financial accounts.The most damaging can contain ransomware.blog tentang bitcoin

This is software that allows criminals to remotely lock up your computer.They then send a message demanding payment in untraceable digital currency such as Bitcoin.These campaigns can be enormous.IBM's X-Force security team began tracking a massive spam campaign Nov.of a package update, they carried a malicious zip attachment that downloaded the Locky ransomware program.sell bitcoin amsterdamAt its peak, the campaign involved 44% of all incoming spam emails to IBM's decoy accounts designed to gather information about potential threats.Security firms globally are always on alert for this type of attack and quickly identify and block new malware variants.That, too, was visible in the IBM data.“Every time the good guys figure it out, the bad guys pivot, tweak their code and try again,” Barlow said.Phishing attacks all have a common objective: to get people to trust the receiver and follow instructions, which are usually to click on a URL or open an attachment, said Paul Calatayud, chief technology officer at the security firm FireMon.Check it twiceTo protect yourself, look carefully at any emailed package delivery notice.