kemonojim
Member
 Offline
Activity: 218
Merit: 10
|
 |
July 23, 2018, 05:51:51 PM |
|
There are good things and bad things when it comes to bitcoin transactions. The bright side of this is obviously because it is decentralized. You will remain anonymous during the transaction you make. But there is also the downside. Unlike banks, transactions are safer for me because people who can hack and steal your money can be tracked and you can take your funds.
|
|
|
|
|
|
|
|
Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
Kambal2000
|
|
July 23, 2018, 05:58:23 PM |
|
There are good things and bad things when it comes to bitcoin transactions. The bright side of this is obviously because it is decentralized. You will remain anonymous during the transaction you make. But there is also the downside. Unlike banks, transactions are safer for me because people who can hack and steal your money can be tracked and you can take your funds.
The fact also that it is existing for almost a decade is a good sign that it is indeed the safest of all time and a great innovation, so much demand it brings for just a decade and the trust of people around here, they are just not investing for just a couple of dollar indeed some people are investing millions of dollar so it just means they fully trust this a lot. |
|
|
|
|
|
tamradhwaj
|
|
July 23, 2018, 06:10:19 PM |
|
I also believe that bitcoin is safest system in cryptoworld. The good side of blockchain technology is obviously its decentralized sysytem. You will anonymous during transactions you make. There is low chance to get your investment if your wallet hacked. So u need to keep your private key safely.
|
|
|
|
|
greg0rioo
Newbie
Offline
Activity: 134
Merit: 0
|
|
July 23, 2018, 06:24:11 PM |
|
Bitcoin is digital and decentralized. Bitcoin has become a legitimate transaction tool in some restaurants and also bitcoin is also safe, because it has online wallet call it blockchain.
|
|
|
|
|
kangkilokang
Member
Offline
Activity: 530
Merit: 10
Revolutionizing Crypto Payment Solutions
|
|
July 23, 2018, 06:27:45 PM |
|
bitcoin is the most secure system, I believe that bitcoin transactions are safe but you have to protect them and keep them private.
it is very easy to transact in bitcoin and many opportunities exist to invest in bitcoin. sometimes people doubt that they are afraid that bitcoin can be hacked or stolen by a hacker may be all wrong. bitcoin is very safe
|
|
|
|
|
Hassan02
|
|
July 23, 2018, 06:29:59 PM |
|
I also believe that bitcoin is safest system in cryptoworld. The good side of blockchain technology is obviously its decentralized sysytem. You will anonymous during transactions you make. There is low chance to get your investment if your wallet hacked. So u need to keep your private key safely.
Also the most and some of the important details you have the right to take care of it and all the thing for account that you have to use for and all of it you have the control but not on the price of it well this is what i never seen for any other sites the way on how bitcoin does too. |
|
|
|
|
hh4mmm
Member
Offline
Activity: 378
Merit: 13
|
|
July 23, 2018, 08:41:43 PM |
|
although most at time people may share there keys or there details but what i m trying to sense is that some times the clicks on the wrong links share to them or links that r from there mails in this process it will hacked there wallets. that is why as a blockchain advent you need to be educated on security purpose so one can overcome all security threat in the system. bitcoin is decentralized currency so we have to guard ourselves all round to make sure we are free from any internal and external attacks.
|
|
|
|
|
ordeath
Member
Offline
Activity: 228
Merit: 10
|
|
July 24, 2018, 11:31:00 AM |
|
I do not think bitcoin is not so safe because there are still many hackers who are targeting bitcoin. I think bitcoin is not so safe before you made it safe for yourself personally.
|
|
|
|
|
icaica22
Newbie
Offline
Activity: 163
Merit: 0
|
|
July 25, 2018, 04:01:22 AM |
|
Bitcoin uses a decentralized system. There is no one party that regulates (like a bank) because everyone participates in the process. This means no one can decide on one side or create a new policy that incriminates the owner of this currency. For example, a Bitcoin address cannot be frozen by a party.
Purchase is easy. Unlike banks that require steps and documents, you can have Bitcoin in 5 minutes.
Confidentiality awake. This may not be entirely true, nor is there a perfect system. Someone can create a Bitcoin Address without providing a name or address. Imagine you can create an account without a name or address, and immediately get an active account number.
Transparent. Uniquely, at the same time, everyone can see and have a journal entry. There will be Bitcoin address information and how many. But there will be no information on who the Bitcoin address is. This is an example of Bitcoin transactions received by Wikileaks
Bitcoin delivery is very fast, as well as without any terms or limits of transfer.
Bitcoin transfer fees are also very, very small, and have no administrative costs.
|
|
|
|
|
takesomethingaway
Jr. Member
Offline
Activity: 71
Merit: 1
|
|
July 25, 2018, 04:02:59 AM |
|
Because of it anonymity, no one can know who you are. It can help you protect your identity
|
|
|
|
|
thinkabout
Newbie
Offline
Activity: 70
Merit: 0
|
|
July 25, 2018, 04:05:12 AM |
|
Because bitcoin is a decentralized digital asset. It can not be controlled by anyone, It is really safe
|
|
|
|
|
tobreak007
Newbie
Offline
Activity: 28
Merit: 0
|
|
July 25, 2018, 04:09:25 AM |
|
Because It has high-tech system to protect you and your transaction
|
|
|
|
|
Ramonranger
Newbie
Offline
Activity: 55
Merit: 0
|
|
July 25, 2018, 04:59:01 AM |
|
For now, BITCOIN has its huge users using it and transaction has encrypted data for secured buying/selling/trading etc. BITCOIN is recognize by country who already accepted this kind of digital currency in their economy as safest cryptocurrency compared to other ICO's.
|
|
|
|
|
Kusnechik
Member
Offline
Activity: 420
Merit: 11
|
|
July 25, 2018, 05:01:44 AM |
|
Bitcoin certainly has many advantages. It is necessary to refine the moment when everyone knows wallets with a large number of Bitcoins and see the receipts for them.
|
|
|
|
JoshyKulotski
Newbie
Offline
Activity: 127
Merit: 0
|
|
July 25, 2018, 05:07:34 AM |
|
It is the safest system because it is blockchain. Blockchain records every single transaction of a person. It doesn't also allow any person to enter your account, blockchain provides private keys that serves as your password to enter your account. It is your mistake if your account was hacked not on the system.
|
|
|
|
|
|
Fasdartin
|
|
July 26, 2018, 01:06:33 AM |
|
The reason why AML Bitcoin is the safest system it is because it combines the innovation of crypto with AML/KYC compliance that protects against criminal activity.
First of all if you own a bank account in a good bank then you should know that its very hard to hack one's bank account, it's almost impossible unless done due to personal flaws, like sharing your key or bank account details or something , you know the system behind Bitcoins and the system behind banking system is same .Something by the name of cryptography whose Advance form is block chain . It's a complex code involving complex mathematics and the transactions are only completed through very complex and complicated steps impossible to penetrate. For Bitcoins the same thing operates but with no intervening part or whatsoever , it's p2p direct transactions and this is even more secure and private |
|
|
|
|
|
PDAngel
|
|
July 26, 2018, 01:54:25 AM |
|
Hey everyone I have heard newbies and other people asking about how safe is the Bitcoins and it's transactions well I think it will be beneficial to have a little discussion on this .
First of all if you own a bank account in a good bank then you should know that its very hard to hack one's bank account, it's almost impossible unless done due to personal flaws, like sharing your key or bank account details or something , you know the system behind Bitcoins and the system behind banking system is same .
Something by the name of cryptography whose Advance form is block chain . It's a complex code involving complex mathematics and the transactions are only completed through very complex and complicated steps impossible to penetrate.
For Bitcoins the same thing operates but with no intervening part or whatsoever , it's p2p direct transactions and this is even more secure and private.
The reason why you hear news like :- someone got their Bitcoins stolen or something is because they have personal flaws , they shared the private keys or the password with someone else..or they used a bad wallet.
It's on you how safe you make it .
I love hearing it as I am not fully aware that bitcoin is using almost the same system with the bank. Many bitcoin that were stolen not because of the system but because of the owners fault. Though we are only a human and sometimes we commit a mistake like putting our private details in a phishing site. This is one of the common reason why newbies lost their funds. |
|
|
|
|
princeyeboah
Member
Offline
Activity: 714
Merit: 14
|
|
July 26, 2018, 02:03:29 AM |
|
One of the most exciting feature about the usage of Bitcoin is the owner control over the security of the Bitcoin in wallet without any third party interruption. This makes it safest as the total security lies in the hands of the holder of the Bitcoin wallet.
|
|
|
|
|
KimmyF
|
|
July 26, 2018, 02:11:29 AM |
|
There are so many people that is keep on using Bitcoin because of the great characteristics that Bitcoin have in their hand giving us people a large opportunities. Bitcoin avoid us the same risks. Using Bitcoin as a payment, it makes the users personal information safe and anonymous to other as it is fully encrypted / cryptographic.
|
|
|
|
|
|
dongajow
|
|
July 26, 2018, 02:35:38 AM |
|
Bitcoin is the world’s first decentralised currency, which means it isn’t controlled by any government or bank. This has its advantages: you can transfer Bitcoins tax-free, and transactions are usually free, or relatively low cost. But Bitcoins are also wildly volatile. In January 2013, one Bitcoin was valued at around $14. In November 2013, that value peaked at $1,124 but plummeted to $539 the following month. So we can see there are pros and cons in BTC.
|
|
|
|
|
|
