Remember a few years back when some-one unkindly compared crypto-currency to the 'Wild West' era, when a zoo of local banks each issued their own scrip, but one fraud, oopsie or bandito raid could break them ??
Nah, we were assured: 'Crypto' is safe, safe, safe...
Except, of course, when it is not...
Must hope the eponymous Nork hackers are among the many 'out of pocket'...
Disclosure: I have never 'mined' Bitcoin etc, nor have I any exposure to 'Crypto'.
Since my first, modest, Gov.UK-backed SAYE investments were utterly 'eaten' by that bout of inflation in the late-70s, I have been very, very wary of the potential pitfalls, swindles and 'gotchas' of peroptimistic financial forecasting. Thus, in the mid-90s, when my wife and I needed a mortgage, I held out for a 'trad' repayment scheme rather than the then-fashionable 'endowment' variety. So, when the housing market etc dipped, and a lot of people fell into 'negative equity', we were unscathed. We very nearly had to use our modest savings to 'bail out' several badly-stung relatives...
