The danger of the cyptocurrencies

[asse.sauga]

You are probably aware of the recent news about removing the fiat money for good and building up the cashless world.

Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.

There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:

If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.

What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.

Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!

 I am not sure if that's a good thing. Being dependent so much on computers just scares me.

The first thing about bitcoin and other cryptocurrencies is that it doesn't matter, who did it, system doesn't need author anymore to act. It is self-regulated system. So Shatoshi or CIA, doesn't matter. If CIA, then they have done rly great job.

Second thing is that with the blockchain money we have first time freedom to hold and save and manage our money in any imaginable form in any imaginable medium. It is totally open standard of moving the values. Bitcoins can be on a paper, on air, on facebook messenger or even craved in a glass for example. Theoretically it is possible to create sort of papermoney as-well and do a offline transactions as long as those will end up in a internet in some time.

[rizkyhiw]

Danger of cryptocurrency is their decentralized nature that makes the coin against government's policy. And due to its anonymity it makes them more useable in illegal activities. Also government could ban anytime and the biggest fear is the price keeps fluctuating and if price drops downs and never rise up then it's a huge loss.

Perhaps the time will come when some governments recognize bitcoin and users will not be limited in scope, and it will no longer think about the dangers of using cryptocurrency.

That's a fine line because governments can change the laws in one seconds and ban again after making it legal. And we have a lot of cryptocurrencies, if it's hard to bitcoin, can you imagine the issue with any other altcoin?

Since the begining several media and news tryed to kill bitcoin, before it becames the sucess it had turned into, nowadays anything against bitcoin will result into some massive attack online against those countrie, i do mean complains not a real attack, crypto world has its space trying to kill it or hiden wont work anymore.

basically everything has a bad side , if you want to discuss it be my guess
but there is more advantage rather than a "dangerous" thing caused by using bitcoin
be positive and you will see a lot of things positive and vice versa
those people who think there a lot of dangerous things use bitcoin , must be new and just know bitcoin , there is nothing to worry about.

[Shiroslullaby]

We would have a massive problem if we had a power outtage for weeks on end. We would have to start trading things like back in the day

Thats why you need to diversify and invest in some precious metals!
I'm telling you, when the end of the world hits and everything looks like a Mad Max movie, you need something to trade for food, guns, and ammo! 

[madwica]

Danger of cryptocurrency is their decentralized nature that makes the coin against government's policy. And due to its anonymity it makes them more useable in illegal activities. Also government could ban anytime and the biggest fear is the price keeps fluctuating and if price drops downs and never rise up then it's a huge loss.

Perhaps the time will come when some governments recognize bitcoin and users will not be limited in scope, and it will no longer think about the dangers of using cryptocurrency.

That's a fine line because governments can change the laws in one seconds and ban again after making it legal. And we have a lot of cryptocurrencies, if it's hard to bitcoin, can you imagine the issue with any other altcoin?

Since the begining several media and news tryed to kill bitcoin, before it becames the sucess it had turned into, nowadays anything against bitcoin will result into some massive attack online against those countrie, i do mean complains not a real attack, crypto world has its space trying to kill it or hiden wont work anymore.

basically everything has a bad side , if you want to discuss it be my guess
but there is more advantage rather than a "dangerous" thing caused by using bitcoin
be positive and you will see a lot of things positive and vice versa
those people who think there a lot of dangerous things use bitcoin , must be new and just know bitcoin , there is nothing to worry about.

Correct much better to look on its advantages that tackled the dangerous or disadvantaged of bitcoin.
most of the users hate the people who are giving bad prediction on bitcoin future.
if we continuous believing that bitcoin would have brighter future i think it can help to make bitcoin much stronger.

[stadus]

Danger of cryptocurrency is their decentralized nature that makes the coin against government's policy. And due to its anonymity it makes them more useable in illegal activities. Also government could ban anytime and the biggest fear is the price keeps fluctuating and if price drops downs and never rise up then it's a huge loss.

Perhaps the time will come when some governments recognize bitcoin and users will not be limited in scope, and it will no longer think about the dangers of using cryptocurrency.

That's a fine line because governments can change the laws in one seconds and ban again after making it legal. And we have a lot of cryptocurrencies, if it's hard to bitcoin, can you imagine the issue with any other altcoin?

Since the begining several media and news tryed to kill bitcoin, before it becames the sucess it had turned into, nowadays anything against bitcoin will result into some massive attack online against those countrie, i do mean complains not a real attack, crypto world has its space trying to kill it or hiden wont work anymore.

basically everything has a bad side , if you want to discuss it be my guess
but there is more advantage rather than a "dangerous" thing caused by using bitcoin
be positive and you will see a lot of things positive and vice versa
those people who think there a lot of dangerous things use bitcoin , must be new and just know bitcoin , there is nothing to worry about.

Correct much better to look on its advantages that tackled the dangerous or disadvantaged of bitcoin.
most of the users hate the people who are giving bad prediction on bitcoin future.
if we continuous believing that bitcoin would have brighter future i think it can help to make bitcoin much stronger.

I actually wanna see any opinion of a person may it be bad or good as long as he has a basis, it's hard to be positive without know the danger. We should understand that bitcoin has it's risk by considering is as a business and a responsible investor should know all the risk not just the rewards.

[Fatanut]

We would have a massive problem if we had a power outtage for weeks on end. We would have to start trading things like back in the day

Thats why you need to diversify and invest in some precious metals!
I'm telling you, when the end of the world hits and everything looks like a Mad Max movie, you need something to trade for food, guns, and ammo! 

When something like that happens to the world, I'm pretty sure people won't be panicking like, "Oh my God! Where are all the sapphires, emeralds, and rubies at? I can trade all of my food in exchange to those." At that point, the world would be at a survival state. People would prefer having food to eat, not stones. Those precious stones wouldn't increase their survival rate.

[prabowo96]

We would have a massive problem if we had a power outtage for weeks on end. We would have to start trading things like back in the day

Thats why you need to diversify and invest in some precious metals!
I'm telling you, when the end of the world hits and everything looks like a Mad Max movie, you need something to trade for food, guns, and ammo! 

When something like that happens to the world, I'm pretty sure people won't be panicking like, "Oh my God! Where are all the sapphires, emeralds, and rubies at? I can trade all of my food in exchange to those." At that point, the world would be at a survival state. People would prefer having food to eat, not stones. Those precious stones wouldn't increase their survival rate.

If you watched Mad Max, you should invest in WATER! A lot of specialists already said it

That's it @fatanut, if we go to a survival mode, only professionals will survive, like militars and non-tech people that are able to hunt and things like that.

[kryptqnick]

I think I am just more optimistic about this stuff. I don't think that there is any good government or so but I think that there is no evil government as well nowadays. So, I don't think we will be ripped by something like this.The danger of cryptocurrencies is different for me. I think about people tanding to idealize the world. We alredy have math and theoretical science which basically idealizes our world and we don't actually notice it. Bitcoin can idealize money. And thus step by step we lose connection to our world which will cause a big crisis eventually.

[mindrust]

Gold is the only real money guys.

I still hold some bitcoins just not to miss some pumps but it is clear as day.

Gold is the only viable currency. Every other thing out there have their weaknesses. Gold have none. It may have some disadvantages like not being so mobile but don't get confused; it is not a weakness, only a disadvantage over bitcoin.

As a wise man once said;

"If you can't lick it, you don't own it."

[madwica]

Gold is the only real money guys.

I still hold some bitcoins just not to miss some pumps but it is clear as day.

Gold is the only viable currency. Every other thing out there have their weaknesses. Gold have none. It may have some disadvantages like not being so mobile but don't get confused; it is not a weakness, only a disadvantage over bitcoin.

As a wise man once said;

"If you can't lick it, you don't own it."

Gold this is too expensive to invest and that is the disadvantage of gold more people wanting to invest but more of them cannot afford that is why we must prefer to invest in bitcoin and we are believing that bitcoin can gives us wealth in the future

[mindrust]

Gold is the only real money guys.

I still hold some bitcoins just not to miss some pumps but it is clear as day.

Gold is the only viable currency. Every other thing out there have their weaknesses. Gold have none. It may have some disadvantages like not being so mobile but don't get confused; it is not a weakness, only a disadvantage over bitcoin.

As a wise man once said;

"If you can't lick it, you don't own it."

Gold this is too expensive to invest and that is the disadvantage of gold more people wanting to invest but more of them cannot afford that is why we must prefer to invest in bitcoin and we are believing that bitcoin can gives us wealth in the future

Gold's price is unimportant.



See this? It gives %10 minimum profit for every year. (25% yearly average) You don't have to do anything at all. You don't have to worry about banks, stock markets, wars, nothing. Just put them in a secure place and that's it. You are safe for all eternity. The only thing you should be afraid of are thieves. Guess what? They can rob banks too.

[South Park]

The world may keep using and supporting fiat, but big corporations and companies are recognizing the bitcoin value and the blockchain technology, and those are working into something to save the money they currently waste with their transactions.

For what I have seen governments and corporations seem to like the blockchain technology and are even developing their own but they don't seem to like to have a currency on  top of it.

[Doamader]

Gold is the only real money guys.

I still hold some bitcoins just not to miss some pumps but it is clear as day.

Gold is the only viable currency. Every other thing out there have their weaknesses. Gold have none. It may have some disadvantages like not being so mobile but don't get confused; it is not a weakness, only a disadvantage over bitcoin.

As a wise man once said;

"If you can't lick it, you don't own it."

Gold this is too expensive to invest and that is the disadvantage of gold more people wanting to invest but more of them cannot afford that is why we must prefer to invest in bitcoin and we are believing that bitcoin can gives us wealth in the future

Gold's price is unimportant.



See this? It gives %10 minimum profit for every year. (25% yearly average) You don't have to do anything at all. You don't have to worry about banks, stock markets, wars, nothing. Just put them in a secure place and that's it. You are safe for all eternity. The only thing you should be afraid of are thieves. Guess what? They can rob banks too.

Looking those chart makes people thing that gold is just collecting more income year by year, but its wrong or you are telling us the gold had growed 300% since 2001? Those only shows that currencies lost their value over time, and the financial problems makes gold silver and others, otherwise gold should be worthing around 5000 dollars. Now get a chart of bitcoin on the last 7 years and compare it with gold.

[nara1892]

You are probably aware of the recent news about removing the fiat money for good and building up the cashless world.

Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.

There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:

If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.

What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.

Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!

 I am not sure if that's a good thing. Being dependent so much on computers just scares me.

I've ever heard someone talked about this. He is sure that this kind of money, this cryptocurrency would be famous than paper money because of its advantages. if this would happen, money would control us, IMO. we should be in front of computer or smartphone to earn money. our eyes wouldn't be in good condition because of computer contact. people would care less to people around. how scary it would be.

[delliaerd]

The world may keep using and supporting fiat, but big corporations and companies are recognizing the bitcoin value and the blockchain technology, and those are working into something to save the money they currently waste with their transactions.

For what I have seen governments and corporations seem to like the blockchain technology and are even developing their own but they don't seem to like to have a currency on  top of it.

Yeah, any way bitcoin/crypto currency is the same with fiat. goverment Support fiat becouse they get benefit from fiat it is okay, but They know that crypto currency is better than fiat. if I am didnt wrong, bitcoin price ever reach about $1000, the china goverment was forbid the bank for tansaction with bitcoin. I think becouse they can not rule bitcoin. So I think goverment will try to adopt bitcoin in their country. Becouse the fact is bitcoin have so many advantage. Thats my oppinion.

[fortunecrypto]

We don't have one government to run all our affairs the cia or the fbi cannot interfere on countries that uses bitcoin and I doubt that they can do that,right now we have massive adoption and people are openning up on Bitcoin there will be a lot of problems if they interfere.

[Suzukihonda]

hi

[darklus123]

I do not think that can be a great danger to cryptocurrency than it has shown us the case with the exchange bitfinex. Poor when their wallets are accessed by other persons.

For me I think the danger of the crypto currencies is going to make the fiat money to become as substitute for it. And with the bitfinex exchange that was breached it is not about the danger of being hacked as long as there is some important things included whether it is money or information hackers will exist and we can't stop them.

Absolutely the biggest danger of it is that since the internet is really hackable now a days it would be very risky to be the primary medium of payment. Unlike fiat which is easily be seen the authority can take actions easily

Yes, hacking is possible and we're all aware of it. However, with the technology advancing, we will reach a point where hacking will probably become likely impossible for big corporations like Microsoft and big ideas like Cryptocurrencies. I still want to go for it and I want to keep trusting in Bitcoin, because I think it'll be big one day.

I am from the fields and I am not being so professional here  but microsoft is really prone to hacking and they don't even have the capability to protect your data from browser look at how slow IE is. Now on the other hand if you were going to use google you would understand how volatile browsing is. It is also an issue in our fields on how to get rid of hacking and some experts do always agree that one of the things that you can do to prevent this is to be vigilant be careful of your information.. Use a hybrid type of password which contains ,alpha,numeric,at least one upper case and lower case, 8 or more than characters

[danherbias07]

I do not think that can be a great danger to cryptocurrency than it has shown us the case with the exchange bitfinex. Poor when their wallets are accessed by other persons.

For me I think the danger of the crypto currencies is going to make the fiat money to become as substitute for it. And with the bitfinex exchange that was breached it is not about the danger of being hacked as long as there is some important things included whether it is money or information hackers will exist and we can't stop them.

Absolutely the biggest danger of it is that since the internet is really hackable now a days it would be very risky to be the primary medium of payment. Unlike fiat which is easily be seen the authority can take actions easily

Yes, hacking is possible and we're all aware of it. However, with the technology advancing, we will reach a point where hacking will probably become likely impossible for big corporations like Microsoft and big ideas like Cryptocurrencies. I still want to go for it and I want to keep trusting in Bitcoin, because I think it'll be big one day.

I am from the fields and I am not being so professional here  but microsoft is really prone to hacking and they don't even have the capability to protect your data from browser look at how slow IE is. Now on the other hand if you were going to use google you would understand how volatile browsing is. It is also an issue in our fields on how to get rid of hacking and some experts do always agree that one of the things that you can do to prevent this is to be vigilant be careful of your information.. Use a hybrid type of password which contains ,alpha,numeric,at least one upper case and lower case, 8 or more than characters

About the passwords. It is being suggested by a lot of websites now to create it just like how you said it. There have been a lot of application that can force to hack a password and this way it makes it harder for them. It will take a lot of time to hack in.

[South Park]

I do not think that can be a great danger to cryptocurrency than it has shown us the case with the exchange bitfinex. Poor when their wallets are accessed by other persons.

For me I think the danger of the crypto currencies is going to make the fiat money to become as substitute for it. And with the bitfinex exchange that was breached it is not about the danger of being hacked as long as there is some important things included whether it is money or information hackers will exist and we can't stop them.

Absolutely the biggest danger of it is that since the internet is really hackable now a days it would be very risky to be the primary medium of payment. Unlike fiat which is easily be seen the authority can take actions easily

Yes, hacking is possible and we're all aware of it. However, with the technology advancing, we will reach a point where hacking will probably become likely impossible for big corporations like Microsoft and big ideas like Cryptocurrencies. I still want to go for it and I want to keep trusting in Bitcoin, because I think it'll be big one day.

I am from the fields and I am not being so professional here  but microsoft is really prone to hacking and they don't even have the capability to protect your data from browser look at how slow IE is. Now on the other hand if you were going to use google you would understand how volatile browsing is. It is also an issue in our fields on how to get rid of hacking and some experts do always agree that one of the things that you can do to prevent this is to be vigilant be careful of your information.. Use a hybrid type of password which contains ,alpha,numeric,at least one upper case and lower case, 8 or more than characters

Using those kind of passwords is ideal but they are really difficult to remember to most people, personally I think is easier to remember 10 to 12 words non related to each other as your password.