Hands up.. robbery.

[fortunecrypto]

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 can only be possible if you are posting or a lot of people knows you are a big holder of Bitcoin, and of course, you should not use  Mobile phone to store your bitcoin, use a lot of kinds of wallet and do not put all your eggs in one basket and the most inportant is always keep your private keys in a safe place.

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[illyiller]

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.

I've been using Bitcoin for years, and have never had access to any funds on my phone. Don't plan to, either. I guess this could happen if mobile BTC usage gets several magnitudes more prevalent, but even if so, it's a big gamble for robbers to simply assume that anyone and everyone has immediate access to crypto funds.

But while we're on the subject, this is definitely a good reason to remember this sage advice: Don't tell people about your bitcoins. I don't even like to tell people IRL that I'm into Bitcoin. Paranoid about people wanting my coins.

[DoublerHunter]

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.

The cryptocurrencies wallet have security and most of the wallets of cryptocurrencies right now requires its users to have a strong password where the robbers will not be able to unlock or bypass the account fast and there is also 2fa in almost of the wallets and that enables the user to have a comfortable usage of his secured account.

[Immakillya]

That's why it's not advisable to keep all your bitcoins in one device only. Keep them where bad guys can't eaeily see them. As other were saying, if you have a lot of bitcoins. You can backup you private keys so they can't able to spend your bitcoin if ever they stole your bitcoins. Paper wallet and hardware wallet are the best option to store your bitcoins. But if you own small amounts only. I think web wallet is enough since that's it's small amount only. Also you can retrieve your bitcoin since the bitcoin is holding by the site.

Anyway, i have not seen or heard about this before. Bitcoin is not that popular in my country. I would be surprised if someone point a gun to me and say "give me your bitcoins". Anyway, bitcoin is money. Of course they.will find a way to get the bitcoins from the victim. So be careful always. Store your bitcoins in a safe place.

[NeuroticFish]

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.

This can be done even worse than with crypto on mobile.
Just imagine that the robber knows that this and that wallet is yours. Robbery, ransom, everything is possible.

This is one of the reasons why I don't like the fact Bitcoin ledger is so public, this is one of the reasons I like cryptonote coins.
Of course, with some knowledge and care (or with mixers), even in Bitcoin world anyone can make it hard enough for 3rd party to know his wallets.

However it's an interesting topic to open people's eyes.

[acyclic]

If you have serious money in bitcoin

1. Buy a hardware wallet.
2. Load it up with your coins
3. Buy a second hardware wallet
4. Initialize the second hardware wallet with the 12 word wallet recovery phrase from the first
5. Put them in separate safe deposits with the 12 word lists.
6. Don't keep any additional copy of the 12 list and don't memorize it.
7. Use a mobile wallet with different private keys if you need small change.'

This way its harder for the robber to use a $12 wrench as a cryptanalyst tool.

*you really only need one wallet+list in one box and list in the other but if you have enough coin to worry about this then why not have 2 wallets

[Chrystora123]

it's hard to overcome if we are robbed and robbers ask for Bitcoin, maybe in the future something like this will happen, and hopefully Bitcoin wallet in the future more secure and can be tracked ..

[mrcash02]

It's not a problem bigger than real robbery we have today on the streets. People who have too many Bitcoins on an address won't tell others: "Hey, this is my address, I have 1000 Bitcoins!", these people will be discreet. Other people have too many addresses and split their money among these address for several reasons, like to have some money on different sites, especially gamblers... If you discreet there isn't much to worry about it.

[Virtual miner]

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.

Who in the world would like to carry all his bitcoins in his pocket?? Store your private keys and wallets at different places. Moreover how is someone going to know that you have a huge reserves of bitcoins?

[xaxistech]

Bitcoins are one of the most safest currencies that are on this world, cash is safe too, but they can robber to you anyways. Gold is more risky, since if you have a very large amount of gold, where the f*ck are you going to store 1kg bar? I think that bitcoins are the most safest currency, you can store them online, and thiefs are never going to know your real btc address, because it is almost impossible.

[ninabobo]

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.

right, I agree with what you say. too risky in case of robbery. but in fact they will not do that, because everything the OP says does not happen to his life.

[Celsiuss]

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.

He said if bitcoin becomes common to spend, which means all or most people would have some bitcoins in their wallet, and if you want to use it in a physical store, you'd have to use your phone. So yeah, but hiding apps is a good idea though, but if the robber is smart enough, he'll probably figure it out. I haven't had or known ayone that has met a mugger.

[Falgorn]

Classic robbery on the crypto currency will definitely not work. Here the main thing is to put a digital key to your currency purse, or even better - the information that you have it. Crypto currency is, therefore, an additional guarantee against robbery.

[Merovius]

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

This is not necessarily true...a few months ago my mother managed to lose her credit/debit card while shopping at our local supermarket, then later that night went back to the store to try finding it and to see if someone else had turned it in to the cashiers. This was unsuccessful, but then a couple of days later when checking her bank account she noticed that the person who took the card had used it for a movie rental at Redbox for a whopping $2 charge (and yes, that was the only unauthorized charge on the card). Of course she immediately notified the bank and got a new card.

Criminals can be unbelievably silly and foolish. On our local news stations here it is actually fairly common to hear about someone getting arrested for bank robbery, or perhaps for robbing a local convenience store and initially getting away with only small amounts of money like $20, $30, or maybe a few hundred at most. They also do not even bother to use any type of disguise to conceal their identity, so they end up being displayed on television/Internet with full, clear views of their faces from the surveillance cameras. Many of them are also foolish enough to almost immediately begin spending their small robbery proceeds at local stores, where they can again be identified by cameras and their purchases often tracked. It is actually quite rare for a local bank robber to stay on the loose for more than two weeks before being caught.

[Indrawan77]

That is why you dont put your money in one wallet, it has been my concerned also when we put all of our funds in one place, I think this can be solved in the future where maybe a wallet can be put limit to withdraw in one day

[Nevis]

Yeah ofcourse there is no secure thing in this world,anything can be break into and everything is expose of robbery even a company or compound with what they called "maximum security" can be rob

[Psalms23]

Well anything can happen when it comes to money. But I dont think it would be that easy robbing your bitcoins from you lol. Robbers be like "hands up, send your eth to this eth address!", and it would be hilarious .If robbers would really rob you from your cryptos you have to be a hostage or kidnapped, which is so much more difficult than robbing real money.

[SUDARMONO]

I think that is not possible, for that whether robbers know if we have bitcoin or not, and to send bitcoin we also need tool and internet device and also need time delivery process, I think bitcoin is safe in crime robbery. need to be wary and guarded is from hacker attacks

[malikusama]

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.

Sorry but this is quite stupid i guess, i think if a person carries any type of valuable or cash while outside is vulnerable to robbery not just only bitcoins or other cryptcocurrencies. BTW carrying bitcoins is much safer than carrying credit and debit cards.

[hitrawal91]

yes i think there are some chances for bitcoin to be vulnerable to robbery because Conventional currency do not work that way in Real Cash or Online transactions.  Banks,Fund houses and brokerages have offsite business continuity backups.  Securities exchanges and central banks maintain thirdparty records and statements.  These mechanism lacks in Bitcoin’s anonymity but make up for that in resiliency and trustworthiness. Ands that's why i can imagine the chances of robbery.