#Boomers, #Learn how #Bitcoin can #Save your #Retirement from #Banking #DataBreaches.
I was really interested in impulse shopping ads for Instagram when they first came out; but when I discovered the only way to get them was to sign up with Facebook, I immediately declined, and went to Pinterest’s version instead; considering their mainly female user base, figured I couldn’t loose. (FYI statistically, women are the biggest consumers of smaller purchases in large quantities, men usually buy more expensive items but shop less often.)
It wasn’t the same, Instagram was where it was at, so I went against my gut feeling and caved.
After giving Facebook my information like a chump, I received a memo from one of my security apps that Ukrainian Hackers stole every bodies info.
Here’s the deal, even Vanguard associates will tell you having crypto on your retirement portfolio is an option to consider now. It’s public knowledge, (not conspiracy) that there’s something phishy going on with Ukraine and the US right now. This Facebook data breach could have something to do with it? No one knows?? All I know is that I care about my parents retirement, and it bothers me that US Government uses minimal security features on their website to protect your banking information. (2FA via MTP not secure.) Any 12 year old with a spoofing app can intercept verification codes. [Read SS7 Stack Protocols] Encrypted Facebook owned WhatsApp also easily visible with paid apps like Mspy.
According to the most recent US tax code, gains and losses are the only thing needed to report when investing in crypto currencies. That is if you are purchasing (hodl) for an investment. However… if you are using it to buy a house; or Starbucks for instance, there are no taxes to pay when making crypto purchases, with the exception of maybe (BCH)… But don’t quote me on the last part, I think that’s what the fork was mainly about.
Lastly, and the conclusion of the matter:
Using crypto for direct deposit means that you don’t have to worry about data breaches, unless you mess up and give your info away. Bitpay for example, does not report your information to anyone, even if you ask them to for your own account. Only bad thing is that if you loose your pin, it’s on you, because you’re the bank now. In the day in age we live in, I would prefer to put in the extra work to be more secure, I mean, it’s only your money right?