CryptoN00b: Salt – Secure Automated Lending Technology

SALT stands for Secure Automated Lending Technology. It allows you to keep your cryptocurrency (bitcoin, ethereum & crypto) and borrow against it. SALT Lending holds the value of the cryptocurrency and borrow fiat currency (USD, YEN, EURO). This could change the world of lending.

You could borrow without having credit checks and proof of income. And the lender holds actual collateral. I hope it works. It is definitely a good idea, but there may be some drawbacks.

1. Cryptocurrency volatility. Since the value of cryptocurrency can go up and down so rapidly how can the lender and the borrower maintain the agreement? The borrower is supposed to make up the difference between the amount borrowed and the collateral if the crypto being held goes down.

2. State by State Regulations. Lending is regulated by each state so Saltlending will have to be authorized to act in each state.

3. Centralization. There are pros and cons to centralization. Pros: regulation requires it, faster decisions. Cons: easier to attack, governments can shut it down or apply restrictions in their areas, organizational greed.

The 1990s of Cryptocurrency

We are in the 1990s of Cryptocurrency. It is very exciting, very risky with SO much opportunity. Cryptocurrency is changing the world. If you are interested in knowing more about it check out these resources: Andreas Antonopoulos https://www.youtube.com/user/aantonop check out his book https://www.amazon.com/Internet-Money… Chris Dunn https://www.youtube.com/watch?v=000Ut… So far my favorite cryptocurrencies are: Dash, Ark, IOTA, Steem

FAKE Xapo Address

We want to let you know that our security team has recently detected a series of phishing attacks and some of our users have already been affected. During these attacks, malicious sites impersonating Xapo’s platforms, requested crucial security information such as login credentials from our users.

At first glance, it is extremely hard to tell the difference between some attackers and a real site. This comparison below shows how difficult this can be.

FAKE XAPO Address

FAKE XAPO Address

Correct Xapo Address

Correct Xapo Address

Our security team also discovered advertising campaigns claiming to be from Xapo and redirecting to a malicious site.

The security of your account is a priority to us! That is why we’ve come up with a list of measures that you can take to protect yourself from this kind of attacks.

1. Never enter your 6 digit SMS code on a website. The only safe place to enter it is your Xapo Mobile App.

2. Look for the secure HTTPS certificate in your address bar.

3. Make sure you are at https://account.xapo.com/ when logging into Xapo and asked for your credentials.

4. If you are using the Xapo Web App please bookmark the correct url and make sure to always log in from there.

5. Be suspicious of any email claiming to be from Xapo, especially those providing a link for you to log in and failing in this process.

6. Keep in mind that Xapo will never ask for your credentials in an email.

If you ever feel worried about your account’s safety after a specific communication received in the name of Xapo, don’t hesitate to contact us! We will be more than happy to assist you!

Best

crypto compare portfolio cryptoN00b episode 5

crypto currency crypton00b ep5 cryptocompare

I created a Cryptocurrency portfolio on a site called http://cryptocompare.com.
I have found this site to be a great resource for keeping track of my gains and losses, checking and evaluating cryptocurrency products and services such as cloud mining, cryptocurrency wallets and new coins.
It is social, so the products, services and coins are evaluated by the customers who have used them. I have been checking this EVERYDAY. ******************* follow me on ♨️ https://steemit.com/@brucebrownftw for more conversation about diving into this market.

crypto n00b bitconnect 1st Lend ep4

crypto currency crypton00b ep4 Bitconnect BCC 1 time lending

This video was done in May 2017. I did my first Bitconnect loan to try it out. A LOT has changed since then. For one thing the price of the bitconnect currency (BCC) has gone from $16 to $127. There is also a huge divide on BCC with some calling it a scam and others making money on bitconnect for the last year. I will give an update on my current status on this soon.

 

crypto n00b Siacoin First look ep3

crypto currency sia coin crypton00b ep3 Siacoin first look

In June 2017, I tried to get the sia coin wallet to work. The concept has potential.

Sia splits apart, encrypts, and distributes your files across a decentralized network. Since you hold the keys, you own your data. No outside company can access or control your files, unlike traditional cloud storage providers.

crypto currency digibyte + minecraft crypton00b ep 2

Back in May (2017) I bought about 200 dollars worth of an altcoin called #digibyte. This was after they announced they had a project that would allow gamers to mine real cryptocurrency within a Minecraft server. I was excited. The currency actually did get up to a few thousand dollars but then it dropped down shortly after the announcement and after they lost a contest for a separate blockchain technology they had.

1 2