Hands up.. robbery.

[Bonanzacoin]

If crypto becomes common to spend, wouldnt it be volnourable to robbery? Like in: Ok send me ur crypto to my adress or ur dead.

In case of when people can handle their whole account mobile.

With cash, robbers know people dont have their whole bank with them. However with mobile telephone that is the case.. Or could be.

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[Thekool1s]

If crypto becomes common to spend, wouldnt it be volnourable to robbery? Like in: Ok send me ur crypto to my adress or ur dead.

In case of when people can handle their whole account mobile.

With cash, robbers know people dont have their whole bank with them. However with mobile telephone that is the case.. Or could be.

Well if you are smart enough, you won't keep your stash of bitcoins on your phone. So you won't get into that scenario if you are careful enough. Plus there are multiple ways to hide apps in android, don't know about the ios, but in any case if you are dumb enough to tell everybody you own X amounts of btc and they are on your phone, Then you may say goodbye to them, unless you can warn major coin-mixers out there and they agree to help you. Also if you are an android user then Keep a tap open on your phone, if you know how to get around kali, it will be really helpful for you to track the robber down. So be Smart and you won't lose a lot if you get robbed.

[Bonanzacoin]

Well i guess it holds more truth to home then. I also said when almost everyone uses it. So people will have much money in their homes... I see a future ICO on this subject 

[achow101]

If crypto becomes common to spend, wouldnt it be volnourable to robbery? Like in: Ok send me ur crypto to my adress or ur dead.

And you think cash/fiat isn't? "Give me your debit card and pin or you're dead". Or "give me all your cash", or "give me your whole wallet". Although people don't carry a lot of cash on them, they are still carrying tons of money. A credit card can be worth thousands of dollars and people generally have more than one credit card on hand. Furthermore people also carry debit cards which give direct access to their bank accounts. And they don't need you alive to take and spend your money. They can kill you and just take your credit cards and debit cards from your wallet, no need to keep you alive to get a password like you need to with Bitcoin on a phone.

[equator]

If crypto becomes common to spend, wouldnt it be volnourable to robbery? Like in: Ok send me ur crypto to my adress or ur dead.

And you think cash/fiat isn't? "Give me your debit card and pin or you're dead". Or "give me all your cash", or "give me your whole wallet". Although people don't carry a lot of cash on them, they are still carrying tons of money. A credit card can be worth thousands of dollars and people generally have more than one credit card on hand. Furthermore people also carry debit cards which give direct access to their bank accounts. And they don't need you alive to take and spend your money. They can kill you and just take your credit cards and debit cards from your wallet, no need to keep you alive to get a password like you need to with Bitcoin on a phone.

What you are telling is correct but in credit card and debit card the transaction can be tracked but in bitcoin it can not be tracked

[BitcoinSupremo]

I think we are a lot of years far from crypto to become common currency. Anyway if that day comes early and crypto really becomes common soon it is advisable to not keep a mobile wallet with you. You can have some coins in an exchange if you want to do trading or buy a few things so even if the aggressor tells you "give me all your crypto" you hand him your phone and tell "I don't use cryptos, only cash". Meanwhile in such time keep the majority of your bitcoins in a hardware wallet in a very safe place of yours.

[Bonanzacoin]

   but in credit card and debit card the transaction can be tracked but in bitcoin it can not be tracked

that was my indirect point...

[gentlemand]

And you think cash/fiat isn't? "Give me your debit card and pin or you're dead". Or "give me all your cash", or "give me your whole wallet".

If we're talking robbery rather than carding, cards can be blocked. If people use them in physical stores then they're filmed. They also need physical access to them and you in the first place.

With crypto none of that is necessary. It does make nefarious and anonymous demands much easier.

You can be tootling along in your self driving car and then suddenly receive an email threatening to chuck you off the next bridge unless you cough up.

It's rather strange how much more effort is given to physical crime when the online variety must be on its way to far outgrossing it these days.

[Fatunad]

If crypto becomes common to spend, wouldnt it be volnourable to robbery? Like in: Ok send me ur crypto to my adress or ur dead.

In case of when people can handle their whole account mobile.

With cash, robbers know people dont have their whole bank with them. However with mobile telephone that is the case.. Or could be.

Well if you are smart enough, you won't keep your whole bitcoins on your phone. So you won't get into that scenario if you are careful enough. Plus there are multiple ways to hide apps in android, don't know about the ios, but in any case if you are dumb enough to tell everybody you own X amounts of btc and they are on your phone, Then you may say goodbye to them, unless you can warn major coin-mixers out there and they agree to help you. Also you if your a android user, Keep a tap open on your phone, if you know how to get around kali, it will be really helpful for you to track the robber down. So be Smart and you won't lose a lot if you get robbed.

As a bitcoin holder if you are not dumb enough you would really do the things which you would really ensure the safety of your coins.As you suggested we can do hide up some apps in our phone which if someone who stole it wont easily recognize since its being hidden and also no one would robbed you out if you would not share on how much bitcoin holding you do have as  simple as that.

[An0nyMoose]

Yeah this is probably the number one issue with crypto right now.

[Yakamoto]

If crypto becomes common to spend, wouldnt it be volnourable to robbery? Like in: Ok send me ur crypto to my adress or ur dead.

In case of when people can handle their whole account mobile.

With cash, robbers know people dont have their whole bank with them. However with mobile telephone that is the case.. Or could be.

It's not a bad argument, really. It makes sense that there might come a point when robbers can hold people up for their money and they won't necessarily be able to do much about it. As for what can be done then, I don't really know. This is partially why I'm pro-armed-society, but it's not like a ton could be done about it either. You're mostly screwed at that point, but only if you have your entire wallet with you. If you have only a small portion of your Bitcoin in a wallet you carry around, you can mitigate your losses.

[LeGaulois]

   but in credit card and debit card the transaction can be tracked but in bitcoin it can not be tracked

that was my indirect point...

Come on! The thieves don't use the stolen cards to shop online or to buy cigarettes. They go to the first ATM machine they find and get as much money as they can. How do you trach this money so? Who is damn stupid to steal a card and shop with it.... and why not get delivered at home

There iq no diference if you go out with a card or with a BTC wallet on your smartphone with some bucks into

[gentlemand]

Come on! The thieves don't use the stolen cards to shop online or to buy cigarettes. They go to the first ATM machine they find and get as much money as they can. How do you trach this money so? Who is damn stupid to steal a card and shop with it.... and why not get delivered at home

There iq no diference if you go out with a card or with a BTC wallet on your smartphone with some bucks into

Where I'm at these days every bank ATM has a camera in it, dunno about the ones in stores, so whatever idiot goes straight to cash out winds up leaving a nice record of it.

[ahmad21]

If crypto becomes common to spend, wouldnt it be volnourable to robbery? Like in: Ok send me ur crypto to my adress or ur dead.

In case of when people can handle their whole account mobile.

With cash, robbers know people dont have their whole bank with them. However with mobile telephone that is the case.. Or could be.

Dont you think mobile banking and wallets are already in use by major population. That already makes us vulnerable to such threats. But yes the only problem with bitcoin is you just cannot trace to whom you have sent your money. So there is no way ti search the burglar.

[xFiber]

If crypto becomes common to spend, wouldnt it be volnourable to robbery? Like in: Ok send me ur crypto to my adress or ur dead.

And you think cash/fiat isn't? "Give me your debit card and pin or you're dead". Or "give me all your cash", or "give me your whole wallet". Although people don't carry a lot of cash on them, they are still carrying tons of money. A credit card can be worth thousands of dollars and people generally have more than one credit card on hand. Furthermore people also carry debit cards which give direct access to their bank accounts. And they don't need you alive to take and spend your money. They can kill you and just take your credit cards and debit cards from your wallet, no need to keep you alive to get a password like you need to with Bitcoin on a phone.

Exactly, criminals will continue to rob people of anything that stores any value whatsoever. Regardless of it being crypto or fiat. But honestly I think crypto is less practical to steal because how are you going to type a full address?

[achow101]

What you are telling is correct but in credit card and debit card the transaction can be tracked but in bitcoin it can not be tracked

That's completely not true. Bitcoin transactions can be fairly easily tracked, especially if the robber is planning on spending the coins. There are companies that specialize in this sort of stuff. With all transactions being public, it is actually very easy to track Bitcoin transactions.

If we're talking robbery rather than carding, cards can be blocked. If people use them in physical stores then they're filmed. They also need physical access to them and you in the first place.

This whole thread is based on the premise that they have physical access to you and can physically rob you. If a card is stolen, as soon as the money is spent and the robber has the goods that they want, blocking the card is just as good as letting them steal the amount of money from you as they spent on the card. Furthermore, they don't need to use the card in a physical store, they can go online and buy things with the card online. And with debit cards, they just need to go to an ATM and withdraw as much money as possible.

With crypto none of that is necessary. It does make nefarious and anonymous demands much easier.

You can be tootling along in your self driving car and then suddenly receive an email threatening to chuck you off the next bridge unless you cough up.

And if you don't cough up, you can die. And if you do, you will probably also die. But if you are dead, no one will be able to touch your money with crypto. With fiat the attacker can go over to your dead body and retrieve your credit and debit cards from your wallet.

Dont you think mobile banking and wallets are already in use by major population. That already makes us vulnerable to such threats.

That's a good point. If you physically rob someone and can get the password to their phone, you probably do have access to their bank accounts as many people access their bank accounts from their phones too.

[Chris!]

Personally, I would never keep enough Bitcoin on me that if I got robbed it would affect me in any way. I'd be more annoyed that my phone was stolen than the cryptocurrencies on that phone. You need to keep your cold storage of the radar and your hot storage very limited. That's just the nature of cryptocurrencies. It's smarter to be cautious rather than sorry in the end if you lose thousands due to a simple robbery.

[Glorious04]

If crypto becomes common to spend, wouldnt it be volnourable to robbery? Like in: Ok send me ur crypto to my adress or ur dead.

In case of when people can handle their whole account mobile.

With cash, robbers know people dont have their whole bank with them. However with mobile telephone that is the case.. Or could be.

Lol!! What an imagination. But could also be. I guess before you finished the transaction the cops are already there to rescue. If someone called for rescue.

[valentin68]

Yes this is an interesting idea. Some people could do this in the future. But for now too many poeple has too little bitcoin, so it would be a waste of time to try and find all people having sufficient bitcoin. Otherwise, what you say could happen in the next 10 years, if the bitcoin price continue to increase as before. I've got a good laught reading this thread.

[dreamer81]

With crypto they can't take your coins. They would need access to your wallet which is (hopefully) behind 3 factor authentication. With cash they will just take it.

You can always be threatened to give the coins, as well as with cash as well as with money in the bank. There is no difference.