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Norton has announced integrated Ethereum mining software

Norton Antivirus software, and the company that makes it, NortonLifeLock , best known for being bundled annoyingly in new Windows computers, has announced via press release that they intend to bundle a feature they call “Norton™ Crypto”.

The feature which they say will be added to Norton360 starting tomorrow for “early adopters” to begin mining from within the already installed software.

They are also, with a very helpful tone, declaring that they will also bundle an ethereum wallet which will be safely stored in “the cloud” so it won’t be lost.

They do not specify any minimum computing requirements but they do say that :

“Norton Crypto is expected to become available to all Norton 360 customers1 in the coming weeks.”

Yo’ dude this shit’s getting real

So, although this comes off as a somewhat desperate attempt to try and maintain relevance after likely millions of forced installations are never monetized (just a guess) it nevertheless could send millions of civilians into crypto mining without “just a few clicks”.

This brings up so many questions immediately it’s a bit mind-boggling. Although the first media reactions, predictably, mention “environmental” issues and take a negative tone, doubting why anyone would want to risk “taxing” the computer’s GPU for such a task.

Of course questions such as how mining efficiency would be affected by millions of “micro-miners” there is also the question of why wouldn’t a virus software subscriber want to essential use their idle computer resources to pay for the software itself (cut to happy Norton execs congratulating themselves on the genius idea).

Could there be another story here? Mainstream experience with crypto, demystifying the blockchain?

Further and more interestingly. If more mainstream software companies and even service subscription software companies follow suit and millions if not hundreds of millions of average people begin collecting small months ethereum “dividends”, even if only $10 per month, how easy is it to put the Genie back into the bottle, so to speak?

When millions are not “irresponsibly” using dollars or euros to purchase cryptocurrencies, but rather, instead “earn” a few extra dollars, once the coins are traded for local “hard” (read: fiat) currencies, here and there for each computer or GPU they own, can the whole thing, like green stamps, air miles, credit card loyalty program be suddenly outlawed?

As appears everywhere more and more on a daily basis, isn’t crypto, via Bitcoin, Ethereum and many various alt coins, become more and more woven into the financial system? Isn’t the number of people who own, buy or even mine crypto exploding exponentially on a daily basis?

Isn’t this just one more sign that the trend of crypto becoming “normalized” and woven more and more deeply into the fabric of our lives is not likely to reverse itself?

Yes. That’s the answer. More news tomorrow, probably.

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Want know more about shorting? About the shady and complicated scams? And also see an incredible film?

The Wolf of wall street is simply a great movie. It’s even better though if you watch it in the context of stock market mania. Just like the one that’s happening now.

Beyond the fact that the story is incredibly entertaining it does also get into the heart of the “pump & dump” boiler room mentality. While the so called ‘retail investors” who are riding the Robinhood stock purchasing app to what they see as well deserved revenge on Wall Street, and Belfort who was the real life “Wolf of Wall Street” was more of a wannabe that couldn’t get into the establishment. He then set forth, with chutzpa and insanity and some drugs, built his own criminal empire, there are some very clear correlations between his tricks that made him rich and what the short-squeezing Reddit & Wall Street Bets chat room vigilantes are doing right now.

Can we all be like the guys, Jordan Belfort or Michael Burry, who was played by Christian Bale in the movie, and even though it was about going short, it’s sill ok, cause, Christian Bale?

History does exist, even if it happened before your uncle was born

Up until 1934 many things were legal and rampant that today, technically, are not allowed. Insider Trading is the most obvious and best defined, look up Martha Stewart and jail time if you want to know more about that.

Collusion in the market is another less well known practice, also known as “pump & dump” that has as many variations as Ponzi schemes and, though illegal, will never be stamped out. The technical terms for Colluding in relation to stock trading are “securities fraud” or “market manipulation.”

Not to get technical but here’s an partial excerpt of the legal specifics:

15 U.S. Code § 78i – Manipulation of security prices

(a) – (2 To effect, alone or with 1 or more other persons, a series of transactions in any security registered on a national securities exchange, any security not so registered, or in connection with any security-based swap or security-based swap agreement with respect to such security creating actual or apparent active trading in such security, or raising or depressing the price of such security, for the purpose of inducing the purchase or sale of such security by others.

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Tag Archives: penny stocks

Anyone got Norton 360? Now you’re a Crypto Miner

Norton has announced integrated Ethereum mining software

Yo’ dude this shit’s getting real

Could there be another story here? Mainstream experience with crypto, demystifying the blockchain?

Wolf of Wall Street has Pump & Dump and more to Inform during the Game Stop Craze

Want know more about shorting? About the shady and complicated scams? And also see an incredible film?

History does exist, even if it happened before your uncle was born

Not to get technical but here’s an partial excerpt of the legal specifics:

Read more: “GameStonks vs. Wall Street”: Heroes, Victims and Hogwash

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