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Author Topic: What about Bitcoin and consumer protection?  (Read 1034 times)
Hitesh shaveta ohri
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July 10, 2018, 03:15:28 PM
 #41

Bitcoin is all about decentralization and hence there is a distribution of the responsibilities too. There is no central authority to take care of your funds and even if you are keeping your funds on any exchange, there is no guarantee that you will get your funds back in case of any hacking attempt. However, Bitcoin as a technology is very strong and no one can steal your funds, but there is no proper protocols regarding its safety.
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isabuhay
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July 10, 2018, 03:16:33 PM
 #42

Nice info guys. Keep it up. Thank you
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July 11, 2018, 02:22:23 AM
 #43

Don’t get scammed and if you want stability, stay away from any currency market. Just keep your money in a safe or in a bank. Wink

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July 11, 2018, 02:15:55 PM
 #44

how can i be sure that my money would be protected from scammers or how can i know the stability of bitcoin?

Bitcoin and fiat currency is almost the same. The fact that Bitcoin have  more advantage than fiat currency because it cannot be reproduce and it is more transparent in terms of transaction. Even in fiat currency you are not protected from scammers. It is your responsibility to do your own research.

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July 11, 2018, 02:20:22 PM
 #45

how can i be sure that my money would be protected from scammers or how can i know the stability of bitcoin?


Everything on internet is not safe.
So, we have to do transaction really carefully to avoid the hackers.
better using an offline wallet to store our assets

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July 14, 2018, 04:03:26 AM
 #46

It is a risky financial tool. You already know that online is full of a scammer then why would you want to send money without a trusted trust?
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July 14, 2018, 07:10:52 AM
 #47

how can i be sure that my money would be protected from scammers or how can i know the stability of bitcoin?


If you are using your own wallet, you will not be protected by anyone. Your wallet is your responsibility, you must protect your wallet with all mean.
But for using exchange wallet, i think you will have to set your additional security like 2fa, email confirmation, etc.

gusnulyadi
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July 14, 2018, 06:15:58 PM
 #48

His life and there is no guarantee for everything you do, and since bitcoin does not yet have any rules, why is there no guarantee to protect your bitcoin from hackers. However if we are talking about dealing with a scammer then that is until you do not trust HYIP and your decision no one can give you the perfect decision.
meidut
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July 19, 2018, 12:14:13 PM
 #49

Bitcoin frees its users to transact with their own rules. Each user can send and receive payments in a similar way to cash, but they can also take part in more complicated contracts. Some signatures allow transactions to be accepted by the network only if a certain number of people in the group agree to sign the transaction.
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July 19, 2018, 12:27:06 PM
 #50

how can i be sure that my money would be protected from scammers or how can i know the stability of bitcoin?


Simple answer "protect your coins lol"

You have youre security key,you have all the details and why asking for others?its our responsibility to keep all of this safe because we have the privilege on everything about our funds and storages stop acting like you know nothing,because only Noob person will have the Guts to ask this nonsense

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July 19, 2018, 03:56:32 PM
 #51

how can i be sure that my money would be protected from scammers or how can i know the stability of bitcoin?

If 10 years of Bitcoin existence is not compelling to you I don't know what would be, because for 10 years none of the guys were scammed by bitcoin at all, money that you put in that are secured and it is completely ok to hold in it.
Cindrella88
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September 24, 2018, 08:15:16 AM
 #52

The most important issue in Bitcoin is the lack of consumer protection. Consumers in Bitcoin because all the transactions recorded in the global ledger are called blockchain and this is like bank statement, the common way to sell or buy Bitcoin is by using swap.
FedorIzmailov
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September 24, 2018, 10:07:19 AM
 #53

you can store bitcoin on a cold purse and then no one can hack you

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September 24, 2018, 10:28:58 AM
 #54

how can i be sure that my money would be protected from scammers or how can i know the stability of bitcoin?

What about CASH and consumer protection?

How can I be sure that my CASH would be protected from scammers or how can I know the stability of CASH?


Cash:
1) can be hunted down, if crime is serious enough.
2) identity of other party can be confirmed, when handling over cash.
3) trade can be finished at the moment of handling over cash. Trade can also be protected with contract at hand-over.

Wire transfer:
1) Many strong sites have third party quarantee, You get money back. For many transactions there is insurance, for any purchases its money-back quarantee.
2) identity of other party is very clear and easily controlled. Very simple: someone offers You trade, You pass it to factoring, if refused, better cancel all deals.

Btc, on the other hand, is BUILT for scammers and scamming.
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September 24, 2018, 11:42:43 AM
 #55

Bitcoin users are still skeptical about the amount of Bitcoin in the future, while Bitcoin's scarcity worries many.
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September 25, 2018, 05:32:25 AM
 #56

You just have to be very careful in setting up your wallet, keeping safe your cryptographic keys and with dealing with strangers in buying and trading bitcoins. Save your private keys in a physical device like USB that is not connected to the internet. There are scammers everywhere and they are always looking for anything to steal.

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September 25, 2018, 09:00:09 AM
 #57

You must know that your Bitcoin is never completely protected from scammers and hackers. You must protect yourself and always take serious precautions.
Dana-pasar
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September 25, 2018, 10:01:51 AM
 #58

if according to now it's still safe and stable bro. although sometimes negative news circulates about bitcoin but it all doesn't change or shift to the bitcon holder and bitcoin consumers. even though in my country it's still illegal but the government doesn't ban bitcoin bro .

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September 25, 2018, 01:06:47 PM
 #59

That's what was said at the beginning, investing in bitcoin has a high risk, in the internet world everything is bad that can happen from hacking, etc., so what we have to improve is high vigilance and always be careful to do everything. Bitcoin does not have a strong protection for consumer protection on bitcoin I think, as long as we do not commit crime, then we will be safe. We can find bitcoin stability in the crypto market and we can find more information from many websites and forums that inform about crypto.

RusellTim
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September 29, 2018, 11:01:18 AM
 #60

Nice. Thank you. Just keep your money in a safe deposit box or in a bank. BTC is a risky financial instrument. His life and no guarantee for everything you do, and because bitcoin does not have any rules, why there is no guarantee to protect your bitcoin from hackers. Bitcoin liberates its users to deal with their own rules. Some signatures allow transactions accepted by the network only if certain people in the group agree to sign the transaction.
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