Dropping a Payment Processor, and Using BitCoin
My portfolio is now ahead SGD243.60 (I included the bank charges that I incurred when I first entered into this HYIP), 10 months into my investment. Things have been going well so far but my antenna is still up. I suppose many years of playing with HYIPs (and actually running one) made me so. It needs a certain kind of personality to survive the world of HYIPs.
The HYIP I am investing with now has dropped its previous payment processor (which allowed us to directly send our investment by bank telegraphic transfer) and started using BitCoins. To me, this signals an attempt to avoid anti-money laundering efforts. Previous HYIPs used e-gold to avoid anti-money laundering scanning by financial institutions, which created tons of problems then as hackers attacked the e-gold accounts and removed the gold.
BitCoin, however, has physical wallets, which is actually a 2FA system where you cannot hack and access the BTC (acronym for BitCoin) without physically controlling the dongle as well. And unlike e-gold, which is basically backed by what the e-gold processor claims is the amount of gold they have (can you trust their word?), BitCoins, being cryptocurrency, requires a blockchain system to authenticate and hence you can be sure you are getting the "real" thing (as real as virtual currencies like BitCoins can be, anyway).
And all currencies, even though like gold and silver, are essentially backed by faith, trust and demand in the currency. When a nation does not value the currency (as the British found out when they tried to use gold to trade with the Chinese, who used the silver standard, back before the Opium Wars), they are essentially worthless.
The HYIP I am with is still being backed by a network of Introducing Brokers, which trades in their local currency (SGD, for me), which makes me believe it is still going to last for a long, long time.
For more information on making 8% a month with an investment of only USD1300, feel free to Contact Sensei Michael.
The HYIP I am investing with now has dropped its previous payment processor (which allowed us to directly send our investment by bank telegraphic transfer) and started using BitCoins. To me, this signals an attempt to avoid anti-money laundering efforts. Previous HYIPs used e-gold to avoid anti-money laundering scanning by financial institutions, which created tons of problems then as hackers attacked the e-gold accounts and removed the gold.
BitCoin, however, has physical wallets, which is actually a 2FA system where you cannot hack and access the BTC (acronym for BitCoin) without physically controlling the dongle as well. And unlike e-gold, which is basically backed by what the e-gold processor claims is the amount of gold they have (can you trust their word?), BitCoins, being cryptocurrency, requires a blockchain system to authenticate and hence you can be sure you are getting the "real" thing (as real as virtual currencies like BitCoins can be, anyway).
And all currencies, even though like gold and silver, are essentially backed by faith, trust and demand in the currency. When a nation does not value the currency (as the British found out when they tried to use gold to trade with the Chinese, who used the silver standard, back before the Opium Wars), they are essentially worthless.
The HYIP I am with is still being backed by a network of Introducing Brokers, which trades in their local currency (SGD, for me), which makes me believe it is still going to last for a long, long time.
For more information on making 8% a month with an investment of only USD1300, feel free to Contact Sensei Michael.
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