Senator Mike Rounds

Senator Mike Rounds @SenatorRounds

Since #bitcoins are decentralized, there isn’t a government or bank to maintain the system, which means there needs to be a different way. People who verify transactions are bitcoin miners, and the process of verification is fundamental to how they make (or mine) new bitcoins. — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

These protocols revolve around cryptography (for computers, this is the use of math to code information) hence “crypto”currencies. However, someone needs to actually verify each new block in the chain to keep the system running smoothly. — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

This blockchain of transactions forms a distributed ledger that is difficult to modify and easy to verify (in theory); a ledger that is maintained collectively on a network with specific protocols to verify each new block in the chain, meaning that bitcoin exchanges are secure. — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

Using bitcoin as an example: bitcoins exist in digital ledgers, but to prevent fraudulent exchanges, transactions are recorded in encrypted blocks. Each block points at the previous block and has a timestamp. Go where each block points and you get a chain, called a “blockchain”. — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

The software used to make new CCs exists and is publicly available, which means that developing a new CC can be done in as little as a few hours. Honestly, it looks like a return to the days when each bank printed their own notes. — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

CCs exist only in digital ledgers and wallets rather than as physical objects like dollar bills. Like all fiat currencies, they have value only because people agree they do, but CCs in general lack the backing of a government or central bank. — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

Some people decided that, if the commodity backing a currency doesn’t matter, then why should money need to be a physical object and why should you need a government (or bank) to back money? From there, some programmers started developing cryptocurrencies (CCs). — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

Some history: in the last century governments have moved away from commodity currencies (such as gold) to fiat currencies (such as Federal Reserve notes) cementing the idea that money can have value just because people agree it does. — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

Software developments, however, mean that they don’t need to bother with masks and voice modulators. They can issue a ransom and request payment with a cryptocurrency (CC) (like bitcoin) rather than exchange a briefcase full of cash. — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

Hostage and ransom payments are a practice that has been applied in different contexts for thousands of years, ranging from prisoner exchanges to kidnappings. Today, a person collecting a ransom payment does not want their identity publicly tied to a ransom. — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

Thread: Recently, I tweeted about the Continental Pipeline ransomware attack. Since then, the Continental Pipeline network has returned to normal operations, but I realize that there was one question I didn’t answer. Specifically: how do ransomware ransoms get paid? — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

The growing disparity between beef prices at the grocery store & live cattle prices is hurting both consumers & cattlemen. 📢Call your Member of Congress & ask them to join our letter to the DOJ: (202) 224-3121. #WeHaveBeefwithPackers https://t.co/mKq0Ov3RFI — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

Congratulations to the NFL’s all-time leading scorer, @adamvinatieri. Looking forward to seeing you next fall in the fields of South Dakota! #GOAT #GoJacks #SDProud #GreatFacesGreatPlaces — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

Just saw this photo of a homework assignment from, Trace, a 10-year-old from Kansas who explains the importance of the #beefmarket to American consumers and producers. 📢Call your Member of Congress & ask them to join our letter to the DOJ: (202) 224-3121. #WeHaveBeefwithPackers https://t.co/5JYJ11gIJP — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

💯% agree, @ChuckGrassley. The Ag Committee should hold a hearing on packer concentration & work to pass the 50-14 bill. #WeHaveBeefwithPackers — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

📃🖋️Thank you to @SenBooker, @SteveDaines, @SenatorTester, @SenLummis, @HawleyMO, @SenAngusKing, @WarrenDavidson, @RepHerrell, @TomReedNY23, @RepRickAllen, @RepAndyBarr, @RepGosar, & @replouiegohmert for signing onto my letter with @SenTinaSmith to the DOJ. #WeHaveBeefwithPackers — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

If our independent cattle producers get run out of business, the price of beef is going up 📈. We need to protect the domestic supply of live cattle available to us. #WeHaveBeefwithPackers https://t.co/PJT3ErP4FI — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

This week, I introduced legislation w/ @SenatorLujan to create a congressional charter for the National American Indian Veterans, Inc. (NAIV). NAIV serves the more than 140,000 Native vets living in the U.S. and this charter will expand their platform. https://t.co/V1bBzbnVwj — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

This is a positive development. We encourage both sides to continue down this peaceful path. — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

Join us on Facebook Live in about 15 minutes for an informative discussion on the need to work together to solve packer concentration issues in the cattle industry. #WeHaveBeefWithPackers https://t.co/O94oucLZxv — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

☎️Call your Member of Congress and ask them to join our letter to protect consumers and cattle producers: (202) 224-3121. https://t.co/Y9VjSjXqU1 — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

We have a big problem: families are paying way too much for beef at the grocery store, while our independent cattle producers are going broke despite the high demand for their product. It's time the DOJ examined the meatpacker oligopoly that continues to profit. https://t.co/yR07RksQ9G — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

RT @SenAmyKlobuchar: Our veterans have sacrificed so much for our country, and the least we can do to repay this service is provide quality… — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

The far left is like a freshman in college. They went in being a science major and quickly found out that their passion was for theater. Get fully vaccinated and then ditch the mask. https://t.co/79AYc1vArD — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

I’m joining @greta on @FCPwithGreta this morning☀️! Tune in! 📺 8AM MT on @BlackHillsFox 📺 10AM MT on @Kotatweets 📺 8:30AM CT on @dakotanews_now — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

Looking forward to talking with @greta on @FCPwithGreta tomorrow morning! Tune in Sunday☀️! 📺 8AM MT on @BlackHillsFox 📺 10AM MT on @Kotatweets 📺 8:30AM CT on @dakotanews_now — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

RT @greta: This Sunday on Full Court Press - both sides of the aisle..Senator @MarkWarner (D) and @SenatorRounds (R) - please watch and I… — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

Glad to join @SenTuberville in introducing legislation to give our state & local law enforcement the ability to enforce our immigration laws, since President Biden has largely prohibited our ICE agents from doing so. https://t.co/pIuGFHz4cX — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

I joined 43 of my Senate colleagues in urging @POTUS to #StandWithIsrael and immediately end negotiations with Iran, following the terror attacks we’ve seen perpetrated by Iranian-backed terrorists. https://t.co/vwvyMELK3L — PolitiTweet.org

Senator Mike Rounds @SenatorRounds

🇺🇸NEW: I introduced a bipartisan resolution w/ @SenatorSinema to establish the McCain-Mansfield Fellowship, a first-of-its-kind Senate fellowship program for wounded American veterans. https://t.co/e4nrmjAJN7 — PolitiTweet.org