Stupidly, the attackers challenged the well-equipped Venezuelan military with no heavy weapons of their own. For example, the adventurers took on tanks with automatic rifles.Read more
Taylor claimed 200 Venezuelan merchants a month are signing up to use DASH in their businesses. The merchants obviously want to avoid the crazy economic policies of their President Nicholas Maduro.
The International Monetary Fund (IMF) has forecast a one million percent hyperinflation rate for Venezuela in 2018. Venezuelans are desperate to protect their assets from hyperinflation and Maduro’s scheme to convert their fiat currency into an oil- and gold-backed cryptocurrency.
It is possible to buy digital products with Dash (DASH) including gift cards, games, and products from a wide variety of web stores. The gift cards are why people in Venezuela are interested in DASH.
Today, DASH is an open-sourced peer-to-peer (P2P) cryptocurrency that operates upon a decentralized autonomous organization (DAO). The DASH DAO comprises a network of 4,942 masternodes the Masternodes are entities that transmit DASH through the blockchain.
The true purpose of DASH is to build an independent P2P payment system that operates through the blockchain. This system features its own mining pools and reaches numerous online merchants.Read more
Criminals are inadvertently demonstrating how cryptocurrency mining can be used for tax collection.
The biggest users of cryptojacking in the future will be governments because it can be a cheap and efficient means of taxation.
Instead of spending billions on tax collectors, accountants, auditors, etc., all a government would have to do is require every company operating; or person that owns a computer, within its borders to install official cryptojacking software. The software would mine Ethereum (ETH), an ER20 token, or the government’s official cryptocurrency.
Companies and individuals would go along because they would not have to pay taxes. The proceeds of official cryptocurrency mining can be deposited in a sovereign wealth fund to finance basic income, or pensions.