Born a rebel, mom of 9, former ER/NICU/PICU/Peds nurse, now M.Ed. Spec Ed, anti-vax, off grid lover, Christ follower, won't tolerate BS...
Well, I'm screwed then. I have no money, I have disabled adult kids with me for life, I'm a single mom. I have no idea how all this works (not techy at all) and it is incredibly confusing to the max...
VK I know you tried, you explained a lot, but my brain just couldn't follow it. I'm too old I guess to really understand this. And it seems really scary to have 'money' that is held online somewhere that could disappear at any moment. What prevents us from losing money this way? I hear about this coin or that coin disappearing and people losing A LOT of money and I go cold all over. I can't afford to lose money, I can barely make it paycheck to paycheck.
What happens to people like us, if the 'wealth is redistributed' through XRP? If that is the only way to see any money coming my way, then I'm screwed.
Thanks for trying to help others get some of that money, and you did try hard to explain, I remember. Some of us just can't make it happen for one reason or another :(
Many people got screwed by purchasing their cryptocurrencies through unscrupulous exchanges. I know people who lost all their savings ... $300K plus. They bought the crypto thinking they now own it but basically, when you buy them, you don't really own them until you use them - they control all the assets through holding onto your private key (kinda like a ATM card) which is the way to get access to your crypto. When the exchanges they bought them from went belly up, that's when they realized the error in their thinking. What many are doing is buy the crypto and move the private key to a home device like Ledger nano. Not letting anyone know that private key is most important and that's all that all these fancy crypto storage devices do. How the actual crypto exists on blockchain, you can learn down the road and maybe not even at all.
Born a rebel, mom of 9, former ER/NICU/PICU/Peds nurse, now M.Ed. Spec Ed, anti-vax, off grid lover, Christ follower, won't tolerate BS...
It is such a completely foreign concept to anything I've ever heard before...just boggles the mind!
I guess I'm afraid to risk anything at all, because I just can't afford to - I have nothing to fall back on and barely make ends meet now.
I don't trust anything online anymore, so many ways they can get your info - how does anyone know whether their key is safe or not?
The system we use today is more untrustworthy than crypto. They can track exactly how much you have and what you buy. And as we've seen in the past few years, they can and will take your money without due process. There's many videos online and I'm sure if you ask on AU, you will get answers.
