• Lucas Nolan - Google Targets Microsoft’s Enterprise Security Weaknesses, Pitches Its Services to Government:

    https://www.breitbart.com/tech/2024/05/22/google-targets-microsofts-enterprise-security-weaknesses-pitches-its-services-to-governments/

    #CyberSafetyReviewBoard #CSRB #Google #Microsoft #SingleSource #Cracking #Vulnerabilities #EnterpriseSecurity #NetworkSecurity #InformationTechnology #ComputerScience
    Lucas Nolan - Google Targets Microsoft’s Enterprise Security Weaknesses, Pitches Its Services to Government: https://www.breitbart.com/tech/2024/05/22/google-targets-microsofts-enterprise-security-weaknesses-pitches-its-services-to-governments/ #CyberSafetyReviewBoard #CSRB #Google #Microsoft #SingleSource #Cracking #Vulnerabilities #EnterpriseSecurity #NetworkSecurity #InformationTechnology #ComputerScience
    WWW.BREITBART.COM
    Google Targets Microsoft’s Enterprise Security Weaknesses, Pitches Its Services to Governments
    In the wake of a damning report from the US Cyber Safety Review Board (CSRB), Google is seizing the opportunity to challenge Microsoft’s dominance in the enterprise security market by offering its services to government institutions.
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  • https://cis.org/Bensman/Government-Admission-Biden-Parole-Flights-Create-Security-Vulnerabilities-US-Airports
    https://cis.org/Bensman/Government-Admission-Biden-Parole-Flights-Create-Security-Vulnerabilities-US-Airports
    CIS.ORG
    Government Admission: Biden Parole Flights Create Security ‘Vulnerabilities’ at U.S. Airports
    CBP is withholding from the Center the names of the 43 U.S. airports that have received 320,000 inadmissible aliens from January through December 2023, nor the foreign airports from which they departed.
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  • ‘Too big to fail’ was bad enough for the banks. Now we have ‘too many to fail.’
    Last Updated: Feb. 13, 2024 at 1:20 p.m. ET

    People line up outside of the shuttered Silicon Valley Bank headquarters on March 10, 2023, in Santa Clara, Calif.
    Getty Images
    Almost a year after the mini banking crisis in the United States, it is worth revisiting the episode. Was it just a tempest in a teacup? Was there really a systemic threat, or was it just a problem with a few banks? Should the interventions by the U.S. Federal Reserve and Treasury worry or comfort us?

    Recall that three mid-size U.S. banks suddenly failed around March 2023. The most prominent was Silicon Valley Bank, which became the second-largest bank failure in U.S. history, after Washington Mutual in 2008. Roughly 90% of the deposits at SVB were uninsured, and uninsured deposits are prone to runs. Making matters worse, SVB had invested significant sums in long-term bonds, the market value of which fell as interest rates rose. When SVB sold some of these holdings to raise funds, the unrealized losses embedded in its bond portfolio started coming to light. A failed equity offering then triggered a classic bank run.

    It is convenient to think that these issues were confined to just a few rogue banks. But the problem was systemic.

    When the Fed engages in quantitative easing (QE), it buys bonds from financial institutions. Typically, those sellers then deposit the money in their bank, and this results in a large increase in uninsured deposits in the banking system. On the banks’ asset side, there is a corresponding increase in central-bank reserves. This is stable, since reserves are the most liquid asset on the planet and can be used to satisfy any impatient depositors who come for their money. Unfortunately, a number of smaller banks (with less than $50 billion in assets) moved away from this stable position as QE continued.

    Historically, smaller U.S. banks financed themselves conservatively, with uninsured demandable deposits accounting for only around 10% of their liabilities. Yet by the time the Fed was done with its pandemic-era QE, these banks’ uninsured demandable deposits exceeded 30% of liabilities. Though that level was still far below SVB’s, these institutions clearly had drunk from the same firehose.

    Smaller banks were also more conservative about liquidity in the past. At the outset of QE in late 2008, banks with less than $50 billion in assets had reserves (and other assets that could be used to borrow reserves) that exceeded the uninsured demandable deposits they had issued. By early 2023, however, they had issued runnable claims (in aggregate) that were one and a half times the size of their liquid assets. Instead of holding liquid reserves, their assets were now more weighted toward long-term securities and term lending, including a significant share of commercial real-estate (CRE) loans.

    Advertisement
    Thus, as the Fed raised interest rates, the economic value of these banks’ assets fell sharply. Some of the fall was hidden by accounting sleight of hand, but SVB’s sudden demise caused investors to scrutinize banks’ balance sheets more carefully. What they saw did not instill confidence. The KBW Nasdaq Bank Index duly fell by over 25%, and deposits started flowing out of a large number of banks, many of which lacked the liquidity to accommodate the sudden outflows. The risk of contagious runs across smaller banks was real, as was the possibly of the problem spreading more widely.

    The Treasury essentially took bank runs off the table, while the Fed provided banks the funds to accommodate the continuing — though no longer panicked — depositor outflows.

    Importantly, as private money flowed to large banks, very little flowed to small- and medium-size institutions. That is why the authorities had to come to the rescue. Soon after SVB’s demise, the Treasury signaled that no uninsured depositor in small banks would suffer losses in any further bank collapses.

    The Fed opened a generous new facility that lent money for up to one year to banks against the par, or face value, of the securities they held on their balance sheets, without adjusting for the erosion in the value of these securities from higher interest rates. And the Federal Home Loan Banks (FHLBanks) — effectively an arm of the U.S. government — increased its lending to stressed banks, with total advances to the banking system having already tripled between March 2022 and March 2023 amid the Fed’s policy tightening. Borrowing by small- and medium-size banks from these official sources skyrocketed.

    The Treasury essentially took bank runs off the table, while the Fed provided banks the funds to accommodate the continuing — though no longer panicked — depositor outflows. A potential banking crisis was converted into a slow-burning problem for banks as they recognized and absorbed the losses on their balance sheets.

    Just recently, New York Community Bancorp NYCB, -5.17%, which bought parts of one of the banks that failed in 2023, reminded us that this process is still underway when it announced large losses. With the Russell microcap index of small companies significantly underperforming the S&P 100 index OEX of the largest companies since March 2023, it appears that smaller banks’ troubles have weighed on their traditional clients: small- and medium-size companies.

    Where does that leave us? Although the situation could have been much worse if the Treasury and the Fed had not stepped in, the seeming ease with which the panic was arrested allowed public attention to move on. Apart from die-hard libertarians, no one seems to care much about the extent of the intervention that was needed to rescue the smaller banks, nor has there been any broad inquiry into the circumstances that led to the vulnerabilities.

    As a result, several questions remain unanswered. To what extent were the seeds of the 2023 banking stress sown by the pandemic-induced monetary stimulus and lax supervision of what banks did with the money? Did advances by the FHLBanks delay failed banks’ efforts to raise capital? Are banks that relied on official backstops after SVB’s failure keeping afloat distressed CRE borrowers, and therefore merely postponing an eventual reckoning?

    It is not good for capitalism when those who knowingly take risks — bankers and uninsured depositors, in this case — pay no price when a risk materializes. Despite sweeping banking reforms over the past 15 years, the authorities have once again shown that they are willing to bail out market players if enough of them have taken the same risk.

    “Too big to fail” was bad enough, but now we have “too many to fail.” The mini-crisis of March 2023 was much more than a footnote in banking history. We cannot afford to bury it.

    Raghuram G. Rajan, a former governor of the Reserve Bank of India, is professor of finance at the University of Chicago Booth School of Business and the author, most recently, of Monetary Policy and Its Unintended Consequences (The MIT Press, 2023). Viral V. Acharya, a former deputy governor of the Reserve Bank of India, is professor of economics at New York University’s Stern School of Business.

    This commentary was published with the permission of Project Syndicate — The Danger of Forgetting the 2023 Banking Crisis.

    More: Regional-bank bondholders seem unworried by New York Community Bank’s problems

    Also read: Recession in 2024? A quarter of economists think it will happen.


    PAR-TY… . https://www.marketwatch.com/story/too-big-to-fail-was-bad-enough-for-the-banks-now-we-have-too-many-to-fail-d89dcdda
    ‘Too big to fail’ was bad enough for the banks. Now we have ‘too many to fail.’ Last Updated: Feb. 13, 2024 at 1:20 p.m. ET People line up outside of the shuttered Silicon Valley Bank headquarters on March 10, 2023, in Santa Clara, Calif. Getty Images Almost a year after the mini banking crisis in the United States, it is worth revisiting the episode. Was it just a tempest in a teacup? Was there really a systemic threat, or was it just a problem with a few banks? Should the interventions by the U.S. Federal Reserve and Treasury worry or comfort us? Recall that three mid-size U.S. banks suddenly failed around March 2023. The most prominent was Silicon Valley Bank, which became the second-largest bank failure in U.S. history, after Washington Mutual in 2008. Roughly 90% of the deposits at SVB were uninsured, and uninsured deposits are prone to runs. Making matters worse, SVB had invested significant sums in long-term bonds, the market value of which fell as interest rates rose. When SVB sold some of these holdings to raise funds, the unrealized losses embedded in its bond portfolio started coming to light. A failed equity offering then triggered a classic bank run. It is convenient to think that these issues were confined to just a few rogue banks. But the problem was systemic. When the Fed engages in quantitative easing (QE), it buys bonds from financial institutions. Typically, those sellers then deposit the money in their bank, and this results in a large increase in uninsured deposits in the banking system. On the banks’ asset side, there is a corresponding increase in central-bank reserves. This is stable, since reserves are the most liquid asset on the planet and can be used to satisfy any impatient depositors who come for their money. Unfortunately, a number of smaller banks (with less than $50 billion in assets) moved away from this stable position as QE continued. Historically, smaller U.S. banks financed themselves conservatively, with uninsured demandable deposits accounting for only around 10% of their liabilities. Yet by the time the Fed was done with its pandemic-era QE, these banks’ uninsured demandable deposits exceeded 30% of liabilities. Though that level was still far below SVB’s, these institutions clearly had drunk from the same firehose. Smaller banks were also more conservative about liquidity in the past. At the outset of QE in late 2008, banks with less than $50 billion in assets had reserves (and other assets that could be used to borrow reserves) that exceeded the uninsured demandable deposits they had issued. By early 2023, however, they had issued runnable claims (in aggregate) that were one and a half times the size of their liquid assets. Instead of holding liquid reserves, their assets were now more weighted toward long-term securities and term lending, including a significant share of commercial real-estate (CRE) loans. Advertisement Thus, as the Fed raised interest rates, the economic value of these banks’ assets fell sharply. Some of the fall was hidden by accounting sleight of hand, but SVB’s sudden demise caused investors to scrutinize banks’ balance sheets more carefully. What they saw did not instill confidence. The KBW Nasdaq Bank Index duly fell by over 25%, and deposits started flowing out of a large number of banks, many of which lacked the liquidity to accommodate the sudden outflows. The risk of contagious runs across smaller banks was real, as was the possibly of the problem spreading more widely. The Treasury essentially took bank runs off the table, while the Fed provided banks the funds to accommodate the continuing — though no longer panicked — depositor outflows. Importantly, as private money flowed to large banks, very little flowed to small- and medium-size institutions. That is why the authorities had to come to the rescue. Soon after SVB’s demise, the Treasury signaled that no uninsured depositor in small banks would suffer losses in any further bank collapses. The Fed opened a generous new facility that lent money for up to one year to banks against the par, or face value, of the securities they held on their balance sheets, without adjusting for the erosion in the value of these securities from higher interest rates. And the Federal Home Loan Banks (FHLBanks) — effectively an arm of the U.S. government — increased its lending to stressed banks, with total advances to the banking system having already tripled between March 2022 and March 2023 amid the Fed’s policy tightening. Borrowing by small- and medium-size banks from these official sources skyrocketed. The Treasury essentially took bank runs off the table, while the Fed provided banks the funds to accommodate the continuing — though no longer panicked — depositor outflows. A potential banking crisis was converted into a slow-burning problem for banks as they recognized and absorbed the losses on their balance sheets. Just recently, New York Community Bancorp NYCB, -5.17%, which bought parts of one of the banks that failed in 2023, reminded us that this process is still underway when it announced large losses. With the Russell microcap index of small companies significantly underperforming the S&P 100 index OEX of the largest companies since March 2023, it appears that smaller banks’ troubles have weighed on their traditional clients: small- and medium-size companies. Where does that leave us? Although the situation could have been much worse if the Treasury and the Fed had not stepped in, the seeming ease with which the panic was arrested allowed public attention to move on. Apart from die-hard libertarians, no one seems to care much about the extent of the intervention that was needed to rescue the smaller banks, nor has there been any broad inquiry into the circumstances that led to the vulnerabilities. As a result, several questions remain unanswered. To what extent were the seeds of the 2023 banking stress sown by the pandemic-induced monetary stimulus and lax supervision of what banks did with the money? Did advances by the FHLBanks delay failed banks’ efforts to raise capital? Are banks that relied on official backstops after SVB’s failure keeping afloat distressed CRE borrowers, and therefore merely postponing an eventual reckoning? It is not good for capitalism when those who knowingly take risks — bankers and uninsured depositors, in this case — pay no price when a risk materializes. Despite sweeping banking reforms over the past 15 years, the authorities have once again shown that they are willing to bail out market players if enough of them have taken the same risk. “Too big to fail” was bad enough, but now we have “too many to fail.” The mini-crisis of March 2023 was much more than a footnote in banking history. We cannot afford to bury it. Raghuram G. Rajan, a former governor of the Reserve Bank of India, is professor of finance at the University of Chicago Booth School of Business and the author, most recently, of Monetary Policy and Its Unintended Consequences (The MIT Press, 2023). Viral V. Acharya, a former deputy governor of the Reserve Bank of India, is professor of economics at New York University’s Stern School of Business. This commentary was published with the permission of Project Syndicate — The Danger of Forgetting the 2023 Banking Crisis. More: Regional-bank bondholders seem unworried by New York Community Bank’s problems Also read: Recession in 2024? A quarter of economists think it will happen. 😎🇺🇸🦅 PAR-TY… 🎉. https://www.marketwatch.com/story/too-big-to-fail-was-bad-enough-for-the-banks-now-we-have-too-many-to-fail-d89dcdda
    WWW.MARKETWATCH.COM
    ‘Too big to fail’ was bad enough for the banks. Now we have ‘too many to fail.’
    The failures may have been confined to just a few rogue banks, but the problem is systemic.
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  • PHP (Hypertext Preprocessor) is a server-side scripting language designed for web development, but it can also be used as a general-purpose programming language. PHP has a variety of functions and features that make it versatile for web development. Here are some of the key functions of PHP:

    Dynamic Content Generation: PHP is often embedded in HTML code, allowing for the creation of dynamic web pages. It enables the generation of content based on user interactions, data from databases, and other parameters.

    Server-Side Scripting: PHP is primarily used for server-side scripting. It runs on the server, processes the script, and sends the result (usually HTML) to the client's browser. This allows for the creation of interactive and dynamic web applications.

    Database Connectivity: PHP supports a wide range of databases, including MySQL, PostgreSQL, SQLite, and others. It can connect to databases to retrieve, insert, update, and delete data, making it a powerful tool for building database-driven web applications.

    Form Handling: PHP facilitates the processing of HTML forms. It can handle user input from forms, validate data, and take appropriate actions based on the submitted information.

    File Handling: PHP provides functions to manipulate files on the server. This includes reading and writing files, uploading files, and managing directories.

    Session Management: PHP supports session management, allowing developers to maintain stateful information across multiple pages or visits. This is crucial for building login systems and maintaining user-specific data.

    Cookie Handling: PHP can be used to set and retrieve cookies, which are small pieces of data stored on the client's browser. Cookies are often used for user authentication and tracking user preferences.

    Security Features: PHP includes various security features to protect against common web vulnerabilities. It supports data sanitization, input validation, and offers features like cross-site scripting (XSS) and cross-site request forgery (CSRF) protection.

    XML Parsing: PHP has built-in functions for parsing XML documents, making it suitable for working with XML-based data.

    Web Services: PHP can be used to consume and create web services, allowing for integration with other applications and systems.

    Command-Line Scripting: PHP can also be used for command-line scripting, performing tasks without the need for a web server. This makes it versatile for various types of automation and scripting tasks.
    PHP (Hypertext Preprocessor) is a server-side scripting language designed for web development, but it can also be used as a general-purpose programming language. PHP has a variety of functions and features that make it versatile for web development. Here are some of the key functions of PHP: Dynamic Content Generation: PHP is often embedded in HTML code, allowing for the creation of dynamic web pages. It enables the generation of content based on user interactions, data from databases, and other parameters. Server-Side Scripting: PHP is primarily used for server-side scripting. It runs on the server, processes the script, and sends the result (usually HTML) to the client's browser. This allows for the creation of interactive and dynamic web applications. Database Connectivity: PHP supports a wide range of databases, including MySQL, PostgreSQL, SQLite, and others. It can connect to databases to retrieve, insert, update, and delete data, making it a powerful tool for building database-driven web applications. Form Handling: PHP facilitates the processing of HTML forms. It can handle user input from forms, validate data, and take appropriate actions based on the submitted information. File Handling: PHP provides functions to manipulate files on the server. This includes reading and writing files, uploading files, and managing directories. Session Management: PHP supports session management, allowing developers to maintain stateful information across multiple pages or visits. This is crucial for building login systems and maintaining user-specific data. Cookie Handling: PHP can be used to set and retrieve cookies, which are small pieces of data stored on the client's browser. Cookies are often used for user authentication and tracking user preferences. Security Features: PHP includes various security features to protect against common web vulnerabilities. It supports data sanitization, input validation, and offers features like cross-site scripting (XSS) and cross-site request forgery (CSRF) protection. XML Parsing: PHP has built-in functions for parsing XML documents, making it suitable for working with XML-based data. Web Services: PHP can be used to consume and create web services, allowing for integration with other applications and systems. Command-Line Scripting: PHP can also be used for command-line scripting, performing tasks without the need for a web server. This makes it versatile for various types of automation and scripting tasks.
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  • #Kevin_Mitnick
    Kevin Mitnick is a former computer hacker turned cybersecurity consultant and author. Born on August 6, 1963, Mitnick gained notoriety in the 1980s and 1990s for his hacking activities. He was involved in a series of high-profile cyber intrusions into various computer systems, including those of major corporations and government agencies.

    Mitnick's hacking exploits included gaining unauthorized access to computer networks, stealing proprietary software, and intercepting sensitive communications. His actions led to him being pursued by law enforcement, including the FBI. In 1995, he was arrested and charged with multiple counts of computer and wire fraud.

    After serving five years in prison, including eight months in solitary confinement, Mitnick was released in 2000. Following his release, he shifted his focus to a legal career in the field of computer security. He became a respected cybersecurity consultant, helping companies identify and address vulnerabilities in their systems.

    Mitnick has also authored several books, sharing his experiences and insights into computer security. Some of his notable books include "The Art of Deception" and "The Art of Intrusion," which explore social engineering and various hacking techniques.

    As of my knowledge cutoff in January 2022, Mitnick continues to be active in the cybersecurity industry, providing training and consulting services to organizations worldwide. Please note that developments in his life or career beyond that date are not known to me.
    #Kevin_Mitnick Kevin Mitnick is a former computer hacker turned cybersecurity consultant and author. Born on August 6, 1963, Mitnick gained notoriety in the 1980s and 1990s for his hacking activities. He was involved in a series of high-profile cyber intrusions into various computer systems, including those of major corporations and government agencies. Mitnick's hacking exploits included gaining unauthorized access to computer networks, stealing proprietary software, and intercepting sensitive communications. His actions led to him being pursued by law enforcement, including the FBI. In 1995, he was arrested and charged with multiple counts of computer and wire fraud. After serving five years in prison, including eight months in solitary confinement, Mitnick was released in 2000. Following his release, he shifted his focus to a legal career in the field of computer security. He became a respected cybersecurity consultant, helping companies identify and address vulnerabilities in their systems. Mitnick has also authored several books, sharing his experiences and insights into computer security. Some of his notable books include "The Art of Deception" and "The Art of Intrusion," which explore social engineering and various hacking techniques. As of my knowledge cutoff in January 2022, Mitnick continues to be active in the cybersecurity industry, providing training and consulting services to organizations worldwide. Please note that developments in his life or career beyond that date are not known to me.
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  • Image Source: https://www.escapeartist.com/wp-content/uploads/2018/05/step0001.jpg
    Bitcoin, the pioneering cryptocurrency, has gained significant attention and popularity since its inception in 2009. However, its decentralized nature, volatility, and potential risks have led to debates about the possibility of governments considering the outlawing of Bitcoin. In this article, we will explore some potential reasons that could contribute to such a decision.
    Regulatory Challenges:
    One primary concern for governments is the lack of regulatory oversight in the cryptocurrency market. Bitcoin's decentralized nature allows for anonymous transactions and can potentially facilitate illicit activities such as money laundering, tax evasion, and illegal transactions. Despite efforts to establish regulations and anti-money laundering measures, the anonymity provided by Bitcoin still poses a challenge for authorities to monitor and control financial transactions effectively.
    Financial Stability and Consumer Protection:
    Bitcoin's extreme price volatility can disrupt financial stability and endanger consumer protection. The cryptocurrency's value has witnessed significant fluctuations, often driven by speculative trading, market manipulation, or unexpected events. Such volatility can negatively impact investors, businesses, and overall economic stability. Governments may see the need to protect their citizens from potential financial losses associated with participating in the volatile cryptocurrency market.
    Monetary Policy Control:
    Central banks maintain the responsibility of implementing monetary policy to manage national economies effectively. Bitcoin, being decentralized and beyond government control, poses a challenge to the central bank's ability to influence and regulate monetary systems. If Bitcoin gains widespread acceptance, it could potentially undermine a government's control over its own currency, leading to potential economic instability.
    Cybersecurity and Fraud:
    As with any digital platform, Bitcoin and other cryptocurrencies are susceptible to hacking, fraud, and cyber attacks. Despite the implementation of robust security measures, cryptocurrency exchanges and wallets have experienced numerous high-profile breaches in recent years. These security vulnerabilities raise concerns regarding the protection of users' funds and the potential for criminal activities, which could further contribute to governments considering the outlawing of Bitcoin.
    Potential Loss of Tax Revenue:
    Governments rely on tax revenues to fund public services and infrastructure development. The anonymity associated with Bitcoin transactions presents challenges for tax authorities to identify and track taxable income. The potential widespread adoption of Bitcoin could lead to a substantial loss of tax revenue, making it difficult for governments to meet their financial obligations.
    Conclusion:
    While Bitcoin has attracted a vast user base and supporters who believe in its potential to revolutionize the financial system, several factors may lead governments to consider outlawing it. Regulatory challenges, concerns regarding financial stability and consumer protection, the potential loss of monetary policy control, cybersecurity risks, and the potential impact on tax revenues are some of the primary reasons that may drive governments towards such a decision. However, it's important to note that this article explores potential reasons and does not reflect the definitive outcome or consensus on the future of Bitcoin. The cryptocurrency landscape remains complex and subject to ongoing discussions and developments. #bitcoin #btc #someeofficial #waivio #thgaming #nftm #archon #hivelist
    Image Source: https://www.escapeartist.com/wp-content/uploads/2018/05/step0001.jpg Bitcoin, the pioneering cryptocurrency, has gained significant attention and popularity since its inception in 2009. However, its decentralized nature, volatility, and potential risks have led to debates about the possibility of governments considering the outlawing of Bitcoin. In this article, we will explore some potential reasons that could contribute to such a decision. Regulatory Challenges: One primary concern for governments is the lack of regulatory oversight in the cryptocurrency market. Bitcoin's decentralized nature allows for anonymous transactions and can potentially facilitate illicit activities such as money laundering, tax evasion, and illegal transactions. Despite efforts to establish regulations and anti-money laundering measures, the anonymity provided by Bitcoin still poses a challenge for authorities to monitor and control financial transactions effectively. Financial Stability and Consumer Protection: Bitcoin's extreme price volatility can disrupt financial stability and endanger consumer protection. The cryptocurrency's value has witnessed significant fluctuations, often driven by speculative trading, market manipulation, or unexpected events. Such volatility can negatively impact investors, businesses, and overall economic stability. Governments may see the need to protect their citizens from potential financial losses associated with participating in the volatile cryptocurrency market. Monetary Policy Control: Central banks maintain the responsibility of implementing monetary policy to manage national economies effectively. Bitcoin, being decentralized and beyond government control, poses a challenge to the central bank's ability to influence and regulate monetary systems. If Bitcoin gains widespread acceptance, it could potentially undermine a government's control over its own currency, leading to potential economic instability. Cybersecurity and Fraud: As with any digital platform, Bitcoin and other cryptocurrencies are susceptible to hacking, fraud, and cyber attacks. Despite the implementation of robust security measures, cryptocurrency exchanges and wallets have experienced numerous high-profile breaches in recent years. These security vulnerabilities raise concerns regarding the protection of users' funds and the potential for criminal activities, which could further contribute to governments considering the outlawing of Bitcoin. Potential Loss of Tax Revenue: Governments rely on tax revenues to fund public services and infrastructure development. The anonymity associated with Bitcoin transactions presents challenges for tax authorities to identify and track taxable income. The potential widespread adoption of Bitcoin could lead to a substantial loss of tax revenue, making it difficult for governments to meet their financial obligations. Conclusion: While Bitcoin has attracted a vast user base and supporters who believe in its potential to revolutionize the financial system, several factors may lead governments to consider outlawing it. Regulatory challenges, concerns regarding financial stability and consumer protection, the potential loss of monetary policy control, cybersecurity risks, and the potential impact on tax revenues are some of the primary reasons that may drive governments towards such a decision. However, it's important to note that this article explores potential reasons and does not reflect the definitive outcome or consensus on the future of Bitcoin. The cryptocurrency landscape remains complex and subject to ongoing discussions and developments. #bitcoin #btc #someeofficial #waivio #thgaming #nftm #archon #hivelist
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  • How long have been following the crypto market? Here are some reasons why a cryptocurrency might struggle to survive could include some or all of the following:
    Lack of Adoption: If a cryptocurrency fails to gain widespread adoption or fails to attract users, businesses, or developers, it may struggle to maintain relevance in the long term.
    Technological Limitations: If a cryptocurrency's underlying technology becomes outdated or unable to scale effectively to handle increased transaction volumes, it may face difficulties in remaining competitive.
    Regulatory Challenges: Governments and regulatory bodies around the world are still formulating rules and regulations for cryptocurrencies. If a cryptocurrency faces significant legal or regulatory hurdles, it may have difficulty operating or attracting investors.
    Security Vulnerabilities: If a cryptocurrency experiences frequent security breaches or fails to address vulnerabilities in its network, it can erode trust and lead to a loss of confidence among users and investors.
    Lack of Development Activity: A cryptocurrency project that lacks ongoing development and innovation may struggle to keep up with evolving market demands and technological advancements, potentially leading to a loss of interest and support.
    It's important to note that the cryptocurrency landscape is dynamic and subject to change. Some cryptocurrencies that may currently face challenges could also adapt, evolve, or find new use cases to regain momentum. Therefore, it's crucial to conduct thorough research and consider multiple factors before making any conclusions about the survival or potential demise of a specific cryptocurrency.
    How long have been following the crypto market? Here are some reasons why a cryptocurrency might struggle to survive could include some or all of the following: Lack of Adoption: If a cryptocurrency fails to gain widespread adoption or fails to attract users, businesses, or developers, it may struggle to maintain relevance in the long term. Technological Limitations: If a cryptocurrency's underlying technology becomes outdated or unable to scale effectively to handle increased transaction volumes, it may face difficulties in remaining competitive. Regulatory Challenges: Governments and regulatory bodies around the world are still formulating rules and regulations for cryptocurrencies. If a cryptocurrency faces significant legal or regulatory hurdles, it may have difficulty operating or attracting investors. Security Vulnerabilities: If a cryptocurrency experiences frequent security breaches or fails to address vulnerabilities in its network, it can erode trust and lead to a loss of confidence among users and investors. Lack of Development Activity: A cryptocurrency project that lacks ongoing development and innovation may struggle to keep up with evolving market demands and technological advancements, potentially leading to a loss of interest and support. It's important to note that the cryptocurrency landscape is dynamic and subject to change. Some cryptocurrencies that may currently face challenges could also adapt, evolve, or find new use cases to regain momentum. Therefore, it's crucial to conduct thorough research and consider multiple factors before making any conclusions about the survival or potential demise of a specific cryptocurrency.
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  • Art has taught a lot of things, art has taught me to accept where I am today and how to draw and express what I feel. Whatever marks I left on a particular page are perfect and good enough, making good authentic marks is one way you move forward.

    As an artist have always try my possible ways to share my vulnerabilities with other people to join rather than shutting down the whole thing and hiding the weekness I feel.

    Here I am today always trying to showcase my art to you again, art is lessons and the way we express our feelings.
    Art has taught a lot of things, art has taught me to accept where I am today and how to draw and express what I feel. Whatever marks I left on a particular page are perfect and good enough, making good authentic marks is one way you move forward. As an artist have always try my possible ways to share my vulnerabilities with other people to join rather than shutting down the whole thing and hiding the weekness I feel. Here I am today always trying to showcase my art to you again, art is lessons and the way we express our feelings.
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  • Creating a cryptocurrency is a complex process that involves technical, legal, and financial considerations. Here are some general steps to create a cryptocurrency:
    Determine the purpose and specifications of your cryptocurrency: You need to decide on the purpose of your cryptocurrency, the features you want it to have, and the technology you will use. Some of the decisions you will need to make include the name of the currency, the maximum supply, the mining algorithm, the consensus mechanism, and the programming language.
    Choose a blockchain platform: There are several blockchain platforms available that you can use to create your cryptocurrency. Some of the most popular platforms include Ethereum, Bitcoin, and Litecoin.
    Develop the code: You will need to develop the code for your cryptocurrency. This requires advanced knowledge of programming languages such as C++, Java, or Python.
    Test the code: You need to test the code thoroughly to identify any bugs or vulnerabilities. You can use testnets to simulate the behavior of your cryptocurrency on the blockchain.
    Launch your cryptocurrency: Once you have completed the development and testing of your cryptocurrency, you can launch it on the blockchain platform of your choice.
    Market your cryptocurrency: You need to promote your cryptocurrency to attract users and investors. This involves creating a website, social media presence, and other marketing strategies.
    It is important to note that creating a cryptocurrency involves significant technical expertise, time, and financial investment. Additionally, there are legal and regulatory considerations that you need to be aware of, such as compliance with anti-money laundering and know-your-customer regulations. It is recommended that you consult with legal and financial professionals before embarking on the creation of a cryptocurrency.
    Creating a cryptocurrency is a complex process that involves technical, legal, and financial considerations. Here are some general steps to create a cryptocurrency: Determine the purpose and specifications of your cryptocurrency: You need to decide on the purpose of your cryptocurrency, the features you want it to have, and the technology you will use. Some of the decisions you will need to make include the name of the currency, the maximum supply, the mining algorithm, the consensus mechanism, and the programming language. Choose a blockchain platform: There are several blockchain platforms available that you can use to create your cryptocurrency. Some of the most popular platforms include Ethereum, Bitcoin, and Litecoin. Develop the code: You will need to develop the code for your cryptocurrency. This requires advanced knowledge of programming languages such as C++, Java, or Python. Test the code: You need to test the code thoroughly to identify any bugs or vulnerabilities. You can use testnets to simulate the behavior of your cryptocurrency on the blockchain. Launch your cryptocurrency: Once you have completed the development and testing of your cryptocurrency, you can launch it on the blockchain platform of your choice. Market your cryptocurrency: You need to promote your cryptocurrency to attract users and investors. This involves creating a website, social media presence, and other marketing strategies. It is important to note that creating a cryptocurrency involves significant technical expertise, time, and financial investment. Additionally, there are legal and regulatory considerations that you need to be aware of, such as compliance with anti-money laundering and know-your-customer regulations. It is recommended that you consult with legal and financial professionals before embarking on the creation of a cryptocurrency.
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  • ## Greetings my fellow Artist ????


    https://images.ecency.com/DQmVSFhBC7eWtWkwt6qduwXrTswUoijmEHiURruAPXVSBLB/59016fd9_b3e9_40a0_bb4d_e88024c47175.jpg
    Art has taught a lot of things, art has taught me to accept where I am today and how to draw and express what I feel. Whatever marks I left on a particular page are perfect and good enough, making good authentic marks is one way you move forward.
    As an artist have always try my possible ways to share my vulnerabilities with other people to join rather than shutting down the whole thing and hiding the weekness I feel.
    Here I am today always trying to showcase my art to you again, art is lessons and the way we express our feelings.
    This art was made with white paper and black liquid pen


    ## Drawing Steps









    ## Drawing GIF





    ## Reach me via:

    [
    ![](https://images.ecency.com/DQmbdCSvSQacbuneby6GdGDRmzzpqsniZF625acimvoqkYE/twitter_logo_twitter_icon_transparent_free_free_png.png)
    ](https://twitter.com/IconBassey?t=YrT7NmdFJ3FR1M70c8PFKA&s=09)

    [![](https://images.ecency.com/DQmXsF8hEqCxX1KYSHA3whLyjt7eDf8e5NevXvSevsS9bwg/ei_1683037348851_removebg_preview.png)](https://www.instagram.com/famousartzz?r=nametag)

    [![](https://images.ecency.com/DQmTtBddpFyA1UdA3kcyPyHd6LVHY62FRXzT2eZKBmYV6Hq/facebook_logo.png)](https://www.facebook.com/profile.php?id=100083367849637&mibextid=ZbWKwL)



    ![](https://images.ecency.com/DQmfBDxpezkJRyXcyiwEgRgPqQkL85HLXkG3vuPrQQcgBEm/famous_art.png)

    ### Thanks for your support ???? ????

    ## Greetings my fellow Artist ???? https://images.ecency.com/DQmVSFhBC7eWtWkwt6qduwXrTswUoijmEHiURruAPXVSBLB/59016fd9_b3e9_40a0_bb4d_e88024c47175.jpg Art has taught a lot of things, art has taught me to accept where I am today and how to draw and express what I feel. Whatever marks I left on a particular page are perfect and good enough, making good authentic marks is one way you move forward. As an artist have always try my possible ways to share my vulnerabilities with other people to join rather than shutting down the whole thing and hiding the weekness I feel. Here I am today always trying to showcase my art to you again, art is lessons and the way we express our feelings. This art was made with white paper and black liquid pen ## Drawing Steps ## Drawing GIF ## Reach me via: [ ![](https://images.ecency.com/DQmbdCSvSQacbuneby6GdGDRmzzpqsniZF625acimvoqkYE/twitter_logo_twitter_icon_transparent_free_free_png.png) ](https://twitter.com/IconBassey?t=YrT7NmdFJ3FR1M70c8PFKA&s=09) [![](https://images.ecency.com/DQmXsF8hEqCxX1KYSHA3whLyjt7eDf8e5NevXvSevsS9bwg/ei_1683037348851_removebg_preview.png)](https://www.instagram.com/famousartzz?r=nametag) [![](https://images.ecency.com/DQmTtBddpFyA1UdA3kcyPyHd6LVHY62FRXzT2eZKBmYV6Hq/facebook_logo.png)](https://www.facebook.com/profile.php?id=100083367849637&mibextid=ZbWKwL) ![](https://images.ecency.com/DQmfBDxpezkJRyXcyiwEgRgPqQkL85HLXkG3vuPrQQcgBEm/famous_art.png) ### Thanks for your support ???? ????
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  • The development of Web3 technology has been an exciting journey for the blockchain and cryptocurrency community. As the technology matures, developers are increasingly looking to build more secure and resilient systems that protect users’ data from malicious actors.

    One important aspect of developing secure Web3 applications is transparency. By making code open source, developers can ensure that their work is being reviewed by other experts in the field who can identify potential vulnerabilities or security flaws before they become major issues. This level of openness also allows anyone to audit a project’s codebase if they suspect something suspicious going on behind closed doors.

    However, while transparency is key when it comes to building secure web 3 systems, there may be times when less really could mean more in terms of security and resilience – especially where complex coding projects are concerned.. The reason for this lies with peer review: as complexity increases so too does the likelihood that errors will slip through unnoticed during a peer-review process due to its limited scope or insufficient expertise among reviewers (or both).

    In order for peers reviewing codebases within Web3 projects to effectively identify any problems present within them , simpler coding solutions should always be preferred over overly complicated ones . By keeping things simple , not only does it make debugging easier but also reduces any chances that bugs might remain undetected during a review period .

    Additionally , simplicity helps prevent unnecessary features from creeping into your system which often adds bloat without providing much value - thereby increasing attack surfaces unnecessarily . Furthermore , by reducing feature creep you minimize opportunities for attackers exploit weaknesses within your system since there's fewer places where such exploits could take place successfully .

    All in all then less truly may be more when it comes down building robust web 3 applications ; so rather than trying cramming everything under one roof aim instead focus on creating simple yet effective solutions which keep user privacy at forefront all times whilst still ensuring maximum levels security throughout entire application stack!.
    The development of Web3 technology has been an exciting journey for the blockchain and cryptocurrency community. As the technology matures, developers are increasingly looking to build more secure and resilient systems that protect users’ data from malicious actors. One important aspect of developing secure Web3 applications is transparency. By making code open source, developers can ensure that their work is being reviewed by other experts in the field who can identify potential vulnerabilities or security flaws before they become major issues. This level of openness also allows anyone to audit a project’s codebase if they suspect something suspicious going on behind closed doors. However, while transparency is key when it comes to building secure web 3 systems, there may be times when less really could mean more in terms of security and resilience – especially where complex coding projects are concerned.. The reason for this lies with peer review: as complexity increases so too does the likelihood that errors will slip through unnoticed during a peer-review process due to its limited scope or insufficient expertise among reviewers (or both). In order for peers reviewing codebases within Web3 projects to effectively identify any problems present within them , simpler coding solutions should always be preferred over overly complicated ones . By keeping things simple , not only does it make debugging easier but also reduces any chances that bugs might remain undetected during a review period . Additionally , simplicity helps prevent unnecessary features from creeping into your system which often adds bloat without providing much value - thereby increasing attack surfaces unnecessarily . Furthermore , by reducing feature creep you minimize opportunities for attackers exploit weaknesses within your system since there's fewer places where such exploits could take place successfully . All in all then less truly may be more when it comes down building robust web 3 applications ; so rather than trying cramming everything under one roof aim instead focus on creating simple yet effective solutions which keep user privacy at forefront all times whilst still ensuring maximum levels security throughout entire application stack!.
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  • Glitch Marketing > Glitch, a new L1 blockchain for building decentralized applications (dApps), begins its Phase III launch and has completed the majority of its upgrades. New network and product features around the core blockchain (testnet & mainnet), browser-extension wallet, and explorers. Preparations to allow the public to run a node on the mainnet are underway.
    This is just the beginning…another milestone in the books, Glitchers!
    Glitch Finance is thrilled to announce the successful deployment of the majority of Phase III Von Hayek. The team will continue development and testing to release the remainder of the phase as soon as it is safe to do so.
    Phase III got its name 'Von Hayek' from Friedrich von Hayek, remembered as the Father of Austrian Economics. He believed that society's prosperity was driven by creativity, entrepreneurship, and innovation, which is only possible in a society with free markets. His theory on how changing prices relay information that helps people determine their economic plans was an incredible milestone in economics. Most experts consider Hayek as one of the greatest critics of the socialist consensus. Just as Phase III marks a new era for GLITCH — the transition period from an internal to a public mainnet — Von Hayek's achievements changed the environment of economics forever.
    What is now available:
    Testnet: 21 validator support, simple smart contracts and requirements (token), browser-extension wallet and explorer update. Allows developers to test basic functionality of smart contract on testnet using Remix IDE, dApp connectivity, and the new browser-extension wallet. Verify team and community validators on the testnet env, to be increased progressively.
    Mainnet v.1.1: 21 validators support, mainnet explorer. Allows users to explore and access the public mainnet data for the first time. Verify there are three validators live and will be increased progressively.
    Benefits that Von Hayek brings to GLITCH:
    Allows the team flexibility to resolve unknown vulnerabilities while development continues.
    Creates an opportunity to secure the network through agile iterations rather than risk an exploit by releasing it all at once. Once all is secure, technology progression will continue and users will then be able to run a node on the mainnet.
    Glitch Marketing > Glitch, a new L1 blockchain for building decentralized applications (dApps), begins its Phase III launch and has completed the majority of its upgrades. New network and product features around the core blockchain (testnet & mainnet), browser-extension wallet, and explorers. Preparations to allow the public to run a node on the mainnet are underway. This is just the beginning…another milestone in the books, Glitchers! Glitch Finance is thrilled to announce the successful deployment of the majority of Phase III Von Hayek. The team will continue development and testing to release the remainder of the phase as soon as it is safe to do so. Phase III got its name 'Von Hayek' from Friedrich von Hayek, remembered as the Father of Austrian Economics. He believed that society's prosperity was driven by creativity, entrepreneurship, and innovation, which is only possible in a society with free markets. His theory on how changing prices relay information that helps people determine their economic plans was an incredible milestone in economics. Most experts consider Hayek as one of the greatest critics of the socialist consensus. Just as Phase III marks a new era for GLITCH — the transition period from an internal to a public mainnet — Von Hayek's achievements changed the environment of economics forever. What is now available: Testnet: 21 validator support, simple smart contracts and requirements (token), browser-extension wallet and explorer update. Allows developers to test basic functionality of smart contract on testnet using Remix IDE, dApp connectivity, and the new browser-extension wallet. Verify team and community validators on the testnet env, to be increased progressively. Mainnet v.1.1: 21 validators support, mainnet explorer. Allows users to explore and access the public mainnet data for the first time. Verify there are three validators live and will be increased progressively. Benefits that Von Hayek brings to GLITCH: Allows the team flexibility to resolve unknown vulnerabilities while development continues. Creates an opportunity to secure the network through agile iterations rather than risk an exploit by releasing it all at once. Once all is secure, technology progression will continue and users will then be able to run a node on the mainnet.
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