Last night, 6000BTC was lost (forever) due to an owner’s loss of private key. A drug dealer, who holds approximately 56 million euros in bitcoin, has lost access to his account at an attempt of hiding his key on a paper with a fishing rod.
This raises a wake-up call of how particularly important to educate oneself on holding, storing and keeping private key.
“Not your key, not your token” is a cliche sentiment but it speaks volume to the current state of cryptocurrency wallet. If you lose access to your wallet and have no backup way to regain the access, it’s you who should get the blame.
Better be safe than sorry my friends !
Let’s get to Token Triip Talk Ep.6
Why does Triip pay for Travel data?
To be correct, Triip doesn’t pay for any travel data.
Triip is building a travel data marketplace where participants (ie. travelers, tourism corporates, governments) can exchange travel data with each other safely, securely and transparently with TriipMiles ($TIIM) as a medium of exchange.
Data can be exchanged with and only with data owner permission. This way, Triip is giving back power to users who themselves generate huge amounts of data daily without receiving any in return.
We believe users should have a choice to keep or sell their own data; what type of datas should be should; and how valuable each data should be.
Hence Triip Protocol.
Integrate google map within the app for better hotel navigation
It’s not a new practice in building apps with integrated location/ navigations for better convenience.
Right now, Triip is focusing on building travel inventories, migrating TIIM to TRC-21 and getting the whole purchase flow smoothly. It’s for a fact that navigation tool will be added as a feature within Triip app, but it’s going to be in a near future plan.
There’s no possible way that a group of global leaders, like US, China or Russia would accept Bitcoin as medium of exchange for their citizens day-to-day transaction. It would destroy their currency and political power come with it.
100% agree.
If acting on self-interest and certainly they will, it’s not a highly probable possibility that Bitcoin will replace fiat currency system in those countries.
Though initially set out to become a global Peer-to-Peer cash system without intermediaries, bitcoin has faced many obstacles and evolved into a much more complicated phenomena. Due to the speculative nature of the industry, it wouldn’t be wise to spend your bitcoin on a cup of coffee, as in a window of 10–20 years the same amount could buy you (25x) more of that beverage.
In the writer’s humble opinion, collateral is a path that shouldn’t be overlooked. At the end, the world evolves and exists as today after decades of increasingly interconnected international trades.
Time gets shortened, transportation moves faster and money should be just as smooth to catch up with the former two speed. While not accepting bitcoin as an official payment system, US, China and Russia can embrace bitcoin to accelerate trade settlement hence more opportunities for economic activities, imports and exports. Everybody wins in bitcoin.
With the assistance of internet usage’s explosive growth in the last decade, transacting with your family members half around the globe was never as secure, easy and cheap.
That’s it for today
See yall next week
