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Are Millennials and Crypto our Future?


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How millennials are changing the way we think about ASKfm

Millennials enthusiastically support advanced technologies and are fueling the most innovative of them. A great example of this is the blockchain. People between 20 and 35 years of age feel at home in crypto, giving this industry power and new ways to evolve.

There are five major reasons the crypto world is such a comfortable place for millennials:

  • Good knowledge of technologies;
  • Being social when getting information;
  • Preference for integrated services;
  • Trust in tech instead of organizations;
  • High adaptability and flexibility.

Let’s explore these points in depth and try to discover how millennials push businesses into crypto and why ASKfm 2.0 will be a perfect match for them.

They Have Digital Technology at their Fingertips

Millennials grew up surrounded by digital technology, and they intuitively know how to use it. Ordinary things are usually done with devices, it feels absolutely natural for this generation. In the future, there’ll definitely be fewer problems one cannot solve using a smartphone. Crypto’s a part of said future.

Crypto doesn’t only help solve problems, but creates new opportunities. Being pragmatic and very digitally literate persons, millennials welcome the latest innovations, expanding experiences and are happy to utilize new ways of money making. The concept of ASKfm 2.0, being on the cutting edge of social demands, is to provide it’s users with the possibility to find answers to their questions and get rewarded for providing quality information.

They Get Information in a New Way

Previously, to get information the default action was to google it. How do people act nowadays? They ask questions on social media. Among hundreds of friends, won’t there certainly be one or two educated or experienced experts who can help?

ASKfm 2.0 provides the possibility to reach more people than on ordinary social media, and get answers faster. In addition, it’ll build an expert community where competent people in particular areas can share information and get rewarded for it.

They Want to Have Everything in One Place

Integrated systems, not requiring multiple logins with various services, on one platform — this is definitely the future for people who prefer not spending too much time googling around. Blockchain, the underlying technology of crypto, allows us to easily bring together different functionality. One can have different kinds of services all using the same token system and providing users with a smooth and familiar experience without having to reach anywhere else. For example, initially ASKfm 2.0 will provide a Q&A platform as well as a tutoring and courses system, all integrated – and more related services can be easily added on top.

They Believe in Decentralized Systems

Self-regulated projects with transparent and independent economies are something millennials believe in. People don’t believe governments and bureaucrats, but technology is incomparably more trustworthy. Open-source, decentralized blockchains are being chosen by millennials as it caters to their tastes.

They Have High Adaptability and Don’t Fear Risk

Despite the volatility of the cryptocurrency market, millennials see it as a trustworthy field. It seems they’re in a good position to assume the risk of an industry because it’s a space with both high risk and rapid growth, where growth is considered worth the risk, which they don’t really fear. Millennials have grown accustomed to instability and uncertainty in life, that’s why they’re more adaptive and feel less stress when interacting with volatile fields.

Dynamically changing and constantly evolving areas are places millennials feel comfortable, as users and contributors. ASKfm 2.0 is such a place.

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FBI: “Call of Duty” Players Remotely Stole $3.3 Million in Cryptocurrencies

A group of “Call of Duty” players from Indiana are accused of stealing more than $3 million in cryptocurrencies after coercing an Illinois man to aid them in remotely hacking unsecured crypto wallets on more than 100 cell phones. Man Coerced Into Hack After SWATing Incident The episode began in Bloomington, Illinois, where a local man told the FBI he met the members of the would-be group of cybercriminals online playing Call of Duty. In the simulated warfare game, players are able to communicate with each other in real-time and with relative privacy. The group, based out of Dolton, Indiana, allegedly coerced the man from Bloomington into working for them using an intimidation tactic called “SWATing,” a nefarious, illegal, and dangerous phenomenon that has become increasingly popular in online gaming communities. SWATing is when police are called with a false report of a violent crime at someone’s home, which prompts a response from a SWAT team — oftentimes leading to door breaches, gunfire, and even the accidental deaths of unknowing victims. It’s often used as a decidedly dark method of payback, or, as in this case, to intimidate or threaten an individual. Afraid of further retaliation the man succumbed to the hacker’s requests, to which they handed over names, phone numbers, and other information that permitted him to remotely access the cell phones of their victims. According to the FBI affidavit, the man admitted to taking over the cell phones of more than 100 people. Once the group took over a phone, they were able to hack into a victim’s cryptocurrency account and drain their funds. The group is suspected of stealing at least $3.3 million in various cryptocurrency, including about $805,000 in Augur’s Reputation Tokens, according to the FBI. The suspects then allegedly moved stolen tokens through cryptocurrency networks, such as Ether or Bitcoin, to their own digital wallets. As of yet, the Chicago Sun-Times isn’t naming the suspects identified in the affidavit because they don’t appear to have been charged with any crimes. In an online interview the Bloomington man proclaimed his innocence — even going as far as to say that considers himself a victim: “I have done nothing but cooperate with Augur and the FBI,” he said. “I have never once profited from anyone [by] crypto-hacking, ever.” Crypto Thefts in First Half of 2018 Total Over $1.1 Billion According to recent study from cybersecurity firm Carbon Black, the total amount of cryptocurrency that has been stolen through cybercrime this year alone is over $1.1 billion — primarily through ransomware and exchange hacks. The firm’s report claims that many criminals are using the dark web to appropriate cryptocurrency from their victims, estimating that there are over 12,000 marketplaces with almost three times that number of crypto theft listings between them. Rick McElroy, security strategist at Carbon Black, spoke on the trend, noting how easy it is for cybercriminals to operate these days: “It’s surprising just how easy it is without any tech skill to commit cybercrimes like ransomware… It’s not always these large nefarious groups, it’s in anybody’s hands.” Part of the reason for this is the accessibility and user-friendliness of the tools of the trade. McElroy said that certain pieces of malware even come with customer service to aid would-be cybercriminals, adding that the malicious software costs an average of $224 but can be picked up for as little as $1.04. Many of the attacks against crypto users, companies, and exchanges originate from an organized group of criminals like those out of Indiana, however, McElroy says, they’re just as likely to be the product of a trained engineer who is out of work: “You have nations that are teaching coding, but there’s no jobs… It could just be two people in Romania needing to pay rent.” Image from Shutterstock The post FBI: “Call of Duty” Players Remotely Stole $3.3 Million in Cryptocurrencies appeared first on NewsBTC.

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