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Author Topic: ...and THIS is why I prefer to use Bitcoin.  (Read 2727 times)
Amph
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January 30, 2016, 09:05:06 AM
 #21

this is what i like about bitcoin you can not actually hack the instrument used for pay, i mean you can not steal any creedit/debit card details(security number, code etc...) and clone it, with bitcoin, because there is none

you need to steal the entire smart phone or the entire hardware wallet to steal bitcoin from someone in real life, which is more difficult of course

with credit card you can retrieve their credential and clone the card, without actually stealing the card itself and the game is settled, with bitcoin what do you do, steal the address? stupid...
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January 30, 2016, 09:43:28 AM
 #22

this is what i like about bitcoin you can not actually hack the instrument used for pay, i mean you can not steal any creedit/debit card details(security number, code etc...) and clone it, with bitcoin, because there is none

you need to steal the entire smart phone or the entire hardware wallet to steal bitcoin from someone in real life, which is more difficult of course

with credit card you can retrieve their credential and clone the card, without actually stealing the card itself and the game is settled, with bitcoin what do you do, steal the address? stupid...
And if someone steal from you your phone need to know password to log to 2fa
and that password is alway in your head, birthday or favorite song.. Bitcoin is super secure if we talking about stealing on the street but is very wobbly on line especially on exchanges!
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January 30, 2016, 10:18:10 AM
 #23

Wendy's was just hacked and the hackers made off with an unknown number of credit cards. But noooo, Bitcoin is the preferred currency of criminal financial activity, amirite?

He-he inserting a card reader into a machine is rare since people don't know when it has one in it but at least with Bitcoin your ID is not always at risk, only difference would be privacy vs a visa chargeback if someone hacks into your account, well unless you keep Bitcoins on an exchange then just hope its not Mintpal or instantwallet u.u.

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January 30, 2016, 10:25:24 AM
 #24

Dear, every good thing has a darker side. But does that darker side takes over the good thing?Huh?

Bitcoin may or ma not be used for illegal transactions, but does it really matter to everyone who is earning it in a right way??

Fiat is used in the majority of illegal transactions, but does it really lost its value??

leave all those behind and earn bitcoin for a better future.


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January 30, 2016, 10:27:41 AM
 #25

Wendy's was just hacked and the hackers made off with an unknown number of credit cards. But noooo, Bitcoin is the preferred currency of criminal financial activity, amirite?

Credit cards were not made for the internet and centralized data storages attract hackers like flies.
In the future crypto currencies will change this.Give it a few more years of development and credit cards for online payments will almost disappear.
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January 30, 2016, 11:26:08 AM
 #26

Wendy's was just hacked and the hackers made off with an unknown number of credit cards. But noooo, Bitcoin is the preferred currency of criminal financial activity, amirite?

credit cards are being hacked left and right on daily basis.
credit card fraud is the worst they steal the information and identity and use it for their own and you are left with the debt and the pain in the ass to prove it is not you.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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January 30, 2016, 12:04:03 PM
 #27

Wendy's was just hacked and the hackers made off with an unknown number of credit cards. But noooo, Bitcoin is the preferred currency of criminal financial activity, amirite?
Due to anonymity of bitcoin transaction,it can be used for illegal activities but blaming bitcoin for this is like blaming fire if someone got burnt.It is the use that you put something to that is wrong or right

Bitcoin isn't actually that anonymous... You can track and trace where bitcoins go and how much, also you can possibly trace and identify who bought those bitcoins, and even scarier, could possibly get your CC info and personal info if you bought it from an exchange site like coinbase and coinbase ended up getting hacked.

Bitcoin is primarily pseudonymous, but it's a hell of a lot better than using debit cards/credit cards.

I think the only people freaking out about anonymity are the ones doing ilegal stuff,right? Why should a normal citizen be concerned about it?

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January 30, 2016, 12:45:04 PM
 #28

Wendy's was just hacked and the hackers made off with an unknown number of credit cards. But noooo, Bitcoin is the preferred currency of criminal financial activity, amirite?
Due to anonymity of bitcoin transaction,it can be used for illegal activities but blaming bitcoin for this is like blaming fire if someone got burnt.It is the use that you put something to that is wrong or right

Bitcoin isn't actually that anonymous... You can track and trace where bitcoins go and how much, also you can possibly trace and identify who bought those bitcoins, and even scarier, could possibly get your CC info and personal info if you bought it from an exchange site like coinbase and coinbase ended up getting hacked.

Bitcoin is primarily pseudonymous, but it's a hell of a lot better than using debit cards/credit cards.

I think the only people freaking out about anonymity are the ones doing ilegal stuff,right? Why should a normal citizen be concerned about it?



What you think and reality are two different things.

Normal citizens should be concerned about privacy because tracking has a huge impact on everyday life.

For example, legal items you buy with your credit card impact your credit rating, insurance rates, and could result in police taking an interest in you they have no right to take.

More than once, police have started watching houses because the resident spent money at hydroponics stores.

Hydroponics are legal, but are often used to grow marijuana. There was one case where a couple used hydroponics to grow herbs and spices, and they also enjoyed loose-leaf tea (as I do).

Because they made frequent purchases at a hydroponics store, the police were watching them. The police waited until garbage day, when they could look through the trash - legal to do without a warrant if the trash can is put out on the street. They mistook the loose leaf tea in the trash as marijuana clippings, and then raided the house with a swat team.

That's why people who are not involved in illegal activity should be concerned about privacy. Our law enforcement is out of control and looks at everyone as if they are a criminal, putting a possible criminal twist on legal purchases.

I hereby reserve the right to sometimes be wrong
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January 30, 2016, 12:52:45 PM
 #29

Credit cards are actually very safe as well. but because the credit card can be used only with general information such as name, date of birth that can be searched. bitcoin has better encryption of any payment. as long as you hold the bitcoin wallet.
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January 30, 2016, 12:55:18 PM
 #30

Wendy's was just hacked and the hackers made off with an unknown number of credit cards. But noooo, Bitcoin is the preferred currency of criminal financial activity, amirite?


these things happends all the time , just last week my girfriends credicard number got stolen and used.its not uncommon , but most news sites dont talk about it anymore since its so common
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January 30, 2016, 02:37:57 PM
 #31

Wendy's was just hacked and the hackers made off with an unknown number of credit cards. But noooo, Bitcoin is the preferred currency of criminal financial activity, amirite?
Due to anonymity of bitcoin transaction,it can be used for illegal activities but blaming bitcoin for this is like blaming fire if someone got burnt.It is the use that you put something to that is wrong or right

Bitcoin isn't actually that anonymous... You can track and trace where bitcoins go and how much, also you can possibly trace and identify who bought those bitcoins, and even scarier, could possibly get your CC info and personal info if you bought it from an exchange site like coinbase and coinbase ended up getting hacked.

Bitcoin is primarily pseudonymous, but it's a hell of a lot better than using debit cards/credit cards.

I think the only people freaking out about anonymity are the ones doing ilegal stuff,right? Why should a normal citizen be concerned about it?



That's ok if you feel that way, we have been conditioned in every single nation pretty much to think that way. I can personally say I never do any illegal activity online (except maybe the occasional downloading of music... Not much any more though)... But that's besides the point.

Everyone should be concerned about their privacy. I always reference people who can't see my view point to this video of a TED talk, where this guy describes the importance of privacy. I think you should at least watch it before you assume people who want privacy are "criminals":

https://www.ted.com/talks/glenn_greenwald_why_privacy_matters?language=en

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January 30, 2016, 03:12:32 PM
 #32

Yeah that's freaking true...
I hate the tax on it now!! {Sigh}
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January 30, 2016, 03:18:20 PM
 #33

Wendy's was just hacked and the hackers made off with an unknown number of credit cards. But noooo, Bitcoin is the preferred currency of criminal financial activity, amirite?

Again and again this matter. Bitcoin is the preferred currency of all the trash of this world and as such must be protected by everyone who like it. I had a simple question: What about the money used by the trash before the invention of bitcoin? I haven't hear never, before the invention of bitcoin, to be discussed about the money used by them on every criminal activity. No one discussed at all about the money used by them. Not the newspaper and not everyone. Even less the Authorities. This kind of discussion began only after the creation of bitcoin. Why must give them importance? Why must discuss about this totally unreasonable connection? Why must try to give facts that bitcoin has nothing to do with the actions of the criminals because is only a tool exactly as are even all the other kind of real money, which for sure are used in every trash action (in which is used even bitcoin) because bitcoin can be used only at internet (and at the internet can be killed only the zeros and the ones) while the killing of people or the made of every criminal action is made at the real world where bitcoin cannot exist and all the power belongs to the other kind of money: the real ones? All this discussion don't make sense.
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January 30, 2016, 03:18:32 PM
 #34

Wendy's was just hacked and the hackers made off with an unknown number of credit cards. But noooo, Bitcoin is the preferred currency of criminal financial activity, amirite?


these things happends all the time , just last week my girfriends credicard number got stolen and used.its not uncommon , but most news sites dont talk about it anymore since its so common

Pretty much the reason why I only use debit cards, w/c I load up whenever I need to buy something off the internet.

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January 30, 2016, 03:32:16 PM
 #35

this is what i like about bitcoin you can not actually hack the instrument used for pay, i mean you can not steal any creedit/debit card details(security number, code etc...) and clone it, with bitcoin, because there is none

you need to steal the entire smart phone or the entire hardware wallet to steal bitcoin from someone in real life, which is more difficult of course

with credit card you can retrieve their credential and clone the card, without actually stealing the card itself and the game is settled, with bitcoin what do you do, steal the address? stupid...
And if someone steal from you your phone need to know password to log to 2fa
and that password is alway in your head, birthday or favorite song.. Bitcoin is super secure if we talking about stealing on the street but is very wobbly on line especially on exchanges!

I agree and I'm really sorry that most people don't realze this. I think we need more simple and understandable texts and videos to show people the advantages of Bitcoin. Of course we'll probably never get rid of CCs but I'm sure many people will consider about what to use and will prefer Bitcoin.

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January 30, 2016, 03:34:34 PM
 #36

Wendy's was just hacked and the hackers made off with an unknown number of credit cards. But noooo, Bitcoin is the preferred currency of criminal financial activity, amirite?

If this was a bitcoin heist it would be slander after slander in articles.
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January 30, 2016, 03:40:44 PM
 #37

This happens all the time. Nothing new here, this is a very common thing to see happening with credit cards.
A company gets hacked somehow and thieves steal all the important information and commit fraud.
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January 30, 2016, 03:59:53 PM
 #38

Wendy's was just hacked and the hackers made off with an unknown number of credit cards. But noooo, Bitcoin is the preferred currency of criminal financial activity, amirite?
Due to anonymity of bitcoin transaction,it can be used for illegal activities but blaming bitcoin for this is like blaming fire if someone got burnt.It is the use that you put something to that is wrong or right

Another iteration of "guns don't kill people, people kill people." Sure, AK47s with nanner' mags don't kill people by themselves, but sure come in handy in case you ever wanna do it.
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January 30, 2016, 04:14:36 PM
 #39

Wendy's was just hacked and the hackers made off with an unknown number of credit cards. But noooo, Bitcoin is the preferred currency of criminal financial activity, amirite?
Due to anonymity of bitcoin transaction,it can be used for illegal activities but blaming bitcoin for this is like blaming fire if someone got burnt.It is the use that you put something to that is wrong or right

Bitcoin isn't actually that anonymous... You can track and trace where bitcoins go and how much, also you can possibly trace and identify who bought those bitcoins, and even scarier, could possibly get your CC info and personal info if you bought it from an exchange site like coinbase and coinbase ended up getting hacked.

Bitcoin is primarily pseudonymous, but it's a hell of a lot better than using debit cards/credit cards.
That is the thing that I hate about exchanges. You have to put all your details and ID just to buy some Bitcoin. But it is safe.

This is why I do not use them ---> https://blog.coinbase.com/2016/01/28/shift-card-a-glimpse-under-the-hood/ .... You sacrifice a lot of your

private information, when you use them. They know how many times you bought McDonald's in a month and what you ordered online. My

question, Why do they need to know all of that? Is nothing private these days...?

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January 30, 2016, 04:24:51 PM
 #40

Wendy's was just hacked and the hackers made off with an unknown number of credit cards. But noooo, Bitcoin is the preferred currency of criminal financial activity, amirite?
Very good example of why debit/credit cards suck. If bitcoin was used, the criminals would get nothing but a list of addresses. (useless)

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