while overall cryptocurrency is a good idea – because it allows decentralized money transactions.

… it is not cool that

• your name
• postal code
• birth date
• phone number

… are enough info for social engineering hackers to set a new password to your account or initiate a SIM phone number swap and steal millions and millions in cryptocurrency!

social engineering centers on:

• Amazon and Co say: “customer is king” – well yes – but changing passwords by people that you can not properly verify / authenticate is a horror scenario.
• BigData and information-over-sharing – the more information hackers have about you
  • the easier they can lure phone-support-staff of financial and other companies into changing your password
• Banks push to abolish cash because – private banks unlike the FED are only allowed to create DIGITAL book money not cash this is called.
  • Kumhof: financing through money creation – Recent model intermediation of loan-able funds theory misrepresents how credit is created in the real worldloans -> deposits -> reserves, not the other way around.
• make a “happy password changing day” where you change all your passwords once a year
  • multi layer passwords:
    • one password for important, one for not-so-important and one for very important stuff

SWEDEN! KEEP YOUR CASH!