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-I've seen some articles on Crypto Mining. The articles are instructional in nature. Anybody can do it, here's your chance to get rich!
-I'm struck by the similarities to Gold Rushes--in California, Alaska, The Australian Outback. There were Silver Rushes, the Comstock lode was mostly silver, not gold. A Uranium Rush happened after WWII in the desert near Moab, Utah.
-The theme is the same in all these, including the current Crypto rush. Get Rich for the rest of your life with a few hours, days of hard work. It doesn't work out for most of the participants.
-Well, at least would be Crypto Miners won't freeze to death like many of the Alaska Gold Rush zealots. There may be overconsumption of Monster Energy drink (does a mention of Mountain Dew Code Red hopelessly date me?)
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If you have any questions: read the Bitcoin Gambit
from Yahoo News 6/21/21
Founders of South African Bitcoin exchange
disappear after $3.6 billion 'hack'
Wed, June 23, 2021, 1:46 PMCryptocurrency investors in South Africa may have lost nearly $3.6 billion in Bitcoin following the disappearance of two brothers associated with one of the country’s largest cryptocurrency exchanges. According to Bloomberg, a law firm in Cape Town says it can’t locate Ameer and Raees Cajee, the founders of Africrypt. In April, the exchange told its investors it was the victim of a hack and asked them not to report the incident to the authorities on account it would “slow down” the process of recovering their missing money.
Some of those involved in the exchange hired Hanekom Attorneys, the law firm that said it couldn’t find the two brothers, to investigate the incident. It found that someone had withdrawn Africrypt’s pooled funds from the local accounts and client wallets where the coins were stored originally and put them through tumblers and mixers, making it difficult (though not impossible) to trace the money. “Africrypt employees lost access to the back-end platforms seven days before the alleged hack,” the law firm told Bloomberg. The outlet attempted to call both Cajee brothers multiple times only to get their voicemail each time.
Complicating any recovery attempt is that South Africa’s Finance Sector Conduct Authority can’t launch a formal investigation into the incident because cryptocurrency isn’t legally considered a financial product in the country. If no one can recover the money, it will go down as the largest cryptocurrency loss in history, easily overshadowing the approximately $200 million CAD that disappeared when the founder of Canada’s QuadrigaCX exchange died while travelling in India.
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This is a great neighbor to have when a giant diseased ash tree is threatening to fall on your house.