Security

[crossabdd]

one of the characteristics of bitcoin is decentralization, bitcoin users can use it as they wish. other than that it is anonymous. so if it's changed, the characteristics of bitcoin are reduced. and that will affect the user. so in the crypto world you have to be careful. because fraud is around crypto users.

[rj.raj]

Cryptography controls the creation and transfer of a cryptocurrency, and the protocols underlying bitcoin have proven to be robust. ... Bitcoin exchanges are not regulated by the government, and they generally do not provide enough insurance and security to be used to store money in the same way as a bank.

[jossiel]

It wouldn't be decentralized anymore if there's a way to link the owners identity to the wallet address.

Scams are rotating not only in the forum but in the crypto community whereas they are targeting newbies that aren't familiar with their schemes.  Just be responsible of investing your bitcoin and much better if you stop investing to ICOs as most of them are scams today.

[vixcious]

Someone close lost his bitcoin to some scammers who posed as an ICO project admin.
We have the wallet address but there's no way on planet earth to trace the fraudster offline.

Don't you think its high time , this is looked into.
There needs to be a way of linking account owners to their offline address .
This would mitigate  in no small measure the prevalence of frauds.

I dont think that's a good thing for trading. because they can issue fake certificates. The best way to find an organization as an endorser between transactions. That would probably be best for us to avoid scams.

[geminiboy]

I can say 70% is currently fraudulent and we must be smart and careful if we want to invest in Ico, we do not encourage everyone not to invest in ico, because I still believe in the ICO project so I still participate in the Bounty campaign , I always hope that the project I follow is ico who is successful, not cheats

[rexona]

security for bitcoin is very important and the wallet that we use, to avoid hacking must be careful when opening the web don't open a fake site, and secure your private key so that no one knows it.

[TravelMug]

I can say 70% is currently fraudulent and we must be smart and careful if we want to invest in Ico, we do not encourage everyone not to invest in ico, because I still believe in the ICO project so I still participate in the Bounty campaign , I always hope that the project I follow is ico who is successful, not cheats

I would say higher than that, probably around 80%-90% are fraudulent and will scam those investors that's why putting money in ICO takes a lot of risks on our part. Bounty campaigns has also risk, what if the bounty is a total scam as well?

security for bitcoin is very important and the wallet that we use, to avoid hacking must be careful when opening the web don't open a fake site, and secure your private key so that no one knows it.

I think we also repeat ourselves about protecting our private keys. It is the worst that can happen to everyone, you got phished, hackers took all your tokens and coins. So protect it at all cost.

[MickyDonald]

Every bitcoin transaction can be done and completed without any personal information. Transaction information is still valid but your identity is completely confidential. Because of the bitcoin's anonymity and unmanaged, criminals can use this currency as a trading method. Hackers may be trying to attack multiple bitcoins to steal large amounts of money and money laundering can happen easily.

[abhi777]

one of the characteristics of bitcoin is decentralization, bitcoin users can use it as they wish. other than that it is anonymous. so if it's changed, the characteristics of bitcoin are reduced. and that will affect the user. so in the crypto world you have to be careful. because fraud is around crypto users.

one of the problems that exist in crypto or bitcoin is a matter of security. often found people lose some coins and money. he learned about hackers who are now very smart. we must always check it.

[prikitiw]

Someone close lost his bitcoin to some scammers who posed as an ICO project admin.
We have the wallet address but there's no way on planet earth to trace the fraudster offline.

Don't you think its high time , this is looked into.
There needs to be a way of linking account owners to their offline address .
This would mitigate  in no small measure the prevalence of frauds.

Alerts are often discussed in this section, and we have told you to analyze the ICO project before you choose it, because there are many ICO scams at this time but you choose not to listen and give in to your greed. If you have been hit by an ICO scam and you lost your money, it is very difficult to find the address of the scam ICO manager.

[richman3451]

Crypto-currency and was created to ensure that it was anonymous, of course, and scammers use it to do this or not have to do it. Just need to protect their wallets in different ways, read on the board of advice a lot

[serenagomz95]

The fact is that people, especially those who do not develop much, are accustomed to using currencies, gold, and silver. They do not know much about e-currencies that are not taught by anyone, so they will be less likely to do manual trading and risk fraud

[Crypto Girl]

I would probably suggest 2FA Authy or Google Authenticator if we are holding a wallet. Get your own key, you will lose everything!

Lol! Probably they send it to someone that they knew personally and 2fa has nothing to do if you're the one who send it. It isn't reversible tho.
We don't know what actually had happened but we can be certain that OP and his colleague easily trust this guy without further knowledge and assurance. Bitcoin transactions will never be linked nor be centralized as obviously nobody can do that and I'm pretty sure many will disagree thus anonymity and scarcity made bitcoin unique, after all.

[maemunah]

one of the characteristics of bitcoin is decentralization, bitcoin users can use it as they wish. other than that it is anonymous. so if it's changed, the characteristics of bitcoin are reduced. and that will affect the user. so in the crypto world you have to be careful. because fraud is around crypto users.

not only fraud everywhere but lots of hackers who want to target our bitcoin. so we must always be vigilant and take care of the day to secure our bitcoin assets from theft

[Nathaniel_Jones]

We should do some research before making any decision as we all know that the cryptographic transactions are irreversible. Take it as a lesson and continue. So if it changes, the bitcoin's characteristics will decrease. In the crypto world you have to be careful. Cryptography controls the creation and transfer of electronic money, and bitcoin-based protocols have proven to be robust. Bitcoin exchanges are not regulated by the government, and they often do not provide enough insurance and security to be used to store money in the same way as a bank.

[Kamboh]

Take it as a lesson and continue. Bitcoin is different than it is anonymous and that will affect the user.

[Wexnident]

I can say 70% is currently fraudulent and we must be smart and careful if we want to invest in Ico, we do not encourage everyone not to invest in ico, because I still believe in the ICO project so I still participate in the Bounty campaign , I always hope that the project I follow is ico who is successful, not cheats

It is not only 70% for scammed projects it will sum up to 90%, based on my experiences from investing to bounty hunting 90% of my joined campaigns did not pay. That must be my turning off point towards btc but then again i feel like the remaining 10% will be very great if i continue to which i never get regret of, trying will never be wrong.

[kwabeedat]

the worst is he trusted a fake admin of the project i wonder how people fall for these type of scam its really easy to tell. i wouldn't say Ico's are scam but he gave his investments to the wrong person. he'll definitely fall for other scam he cant even tell an easy one.
[/quote]
and also sometimes people are very new to this cryptoworld and so they get scammed easily. Nevertheless that shouldn't be an excuse, one needs to be very careful where he spends/gambles his money.

[udidrone]

I can say 70% is currently fraudulent and we must be smart and careful if we want to invest in Ico, we do not encourage everyone not to invest in ico, because I still believe in the ICO project so I still participate in the Bounty campaign , I always hope that the project I follow is ico who is successful, not cheats

It is not only 70% for scammed projects it will sum up to 90%, based on my experiences from investing to bounty hunting 90% of my joined campaigns did not pay. That must be my turning off point towards btc but then again i feel like the remaining 10% will be very great if i continue to which i never get regret of, trying will never be wrong.

Glad almost all bounty campaign that i already joined they pay, even late or maybe have delay. Because if some project not pay (not include if the project not reach softcap so investor's fund get refunded) when they successed, it will affect for that project in future.

[Nolan786]

The bitcoin characteristics will be reduced and that will affect the user. because fraud around the crypto user. Bitcoin exchanges are not regulated by the government, and they often do not provide enough insurance and security to be used to store money in the same way as a bank. Phishing not only revolves around the forum but also in the encrypted community while they are targeting new people unfamiliar with their plans. I can say 70% is fraud and we have to be smart and careful if we want to invest in Ico, we do not encourage people not to invest in ico, because I still believe in ICO project because So I'm still involved in the Bounty campaign