JayRobo
Newbie
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Activity: 54
Merit: 0
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March 27, 2014, 06:25:50 PM |
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Well trust coinbase/blockchain is like trusting the largest banks. Though not 100% safe, its the best you can do without handling the private key yourself
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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dotcom
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March 27, 2014, 06:47:35 PM |
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Private financial institution != Public currency Although failure of largely influential financial institutions almost inevitably cause extreme price fluctuations on the global market. I'm really surprised that the mtgox incident didn't drop the price more than it did (most likely thanks to the fact that most bitcoiners saw something like this coming with mtgox and pulled out in the preceding year). |
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reymarkperry
Member
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Activity: 201
Merit: 10
https://rangersprotocol.com/
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April 01, 2014, 07:08:49 AM |
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Transaction wise, yes it is safe to use because there is no middlemen that handles the bitcoin. It is a very safe medium of exchange for any type of payment transaction. The only drawback of this is its volatility.
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Lannister
Full Member
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Activity: 140
Merit: 500
I'm blocking all private messages. Use Bitmessage!
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April 01, 2014, 07:14:57 AM |
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safe
just don't generate your address + private keys from untrustworthy and unreliable source
keep you private keys safe and backup frequently when using online wallet
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No, I will not disclose my real name on the Internet. The very simple reason I’m anonymous is so that I can talk freely about a free web. One mistake people often make is having the faulty assumption that knowing my real name or my association with a respected person, group or organization might get them to trust me more. In fact, I have no authority here. Elastic Project is a loosely associated group of developers which constantly changes over time. If you prefer projects with a more centralized structure, then please move on. Specifically, I kindly ask you to refrain from any messages that try to convince me of the contrary. My time is too valuable to be wasted with the same discussion again and again.
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Holm
Member
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Activity: 70
Merit: 10
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April 01, 2014, 10:07:39 AM |
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until it is needed for people everything will be fine
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roslinpl
Legendary
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Activity: 2212
Merit: 1199
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April 01, 2014, 03:59:06 PM |
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I think if your can take care of security of your device - bitcoin is very safe to use.
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marcotheminer
Legendary
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Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
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April 01, 2014, 04:40:31 PM |
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Its safe just can be risky!!
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bryant.coleman
Legendary
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Activity: 3654
Merit: 1217
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April 04, 2014, 05:20:37 AM |
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Bitcon is safe to use as long as:
1. You are taking regular backups.
2. You are taking adequate steps to prevent the hacking of your wallet.
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softron
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April 04, 2014, 05:28:38 PM |
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Its safe to use Bitcoins as long as you keep them safe. Exchangers are always risky u should not leave money in an exchanger
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zolace
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April 04, 2014, 08:33:36 PM |
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Ahhh you know what we need, outside promotion, people giving paper wallets wearing a bitcoin polo shirts and giving away free bitcoins, They can teach others what is about and give info on it flyers to watch the video.
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rikkie
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April 04, 2014, 08:40:12 PM |
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Yes it safe. If you keep then in your wallet. Exchanges ... I don't know; Have my doubts sometimes
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bitsmichel
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April 04, 2014, 08:47:43 PM |
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s Bitcoin still as safe at it used to be? Tokyo isn’t the only place affected. Apparantly the Mt.Gox bankruptcy has had a major effect on the Indian sub-continent as well. A jolting shock struck them as Crores of Rupees held by have vanished overnight. The thread shows the article published by the Indian newspaper on the issue. The total lost is estimated to be around 10-20 crores. MtGox is a website, not the bitcoin system. In the same way that hotmail is not email. If hotmail is cracked, it would not imply email is broken. My personal opinion, I would recommend this: - Dont use online websites to store your money (exchanges, banks, other). you want to be in control of your money - not to give this money to others. Recently, we have seen what can happen when you trust others (banks, exchanges) with your money - this applies for all currencies.
- Use either a desktop wallet, such as multibit, or an offline-wallet
- if you use desktop wallet, make backups of your wallet files
btw, do you know that 1 bitcoin is worth 447 us dollars now?  |
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Equate
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April 05, 2014, 08:21:05 AM |
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Safe unless you wont keep your coins on exchanges.
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Coef
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April 05, 2014, 10:53:34 AM |
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OP made this post, and then abandoned the account lol.  |
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MichaelAguilar.90
Newbie
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Activity: 59
Merit: 0
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April 07, 2014, 12:08:58 PM |
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The bitcoin is safe for use, even with the exchangers troubles the bitcoin has showed us that is safe for use, althought there is a lot of scammers or scam exchagers, just is necessary to be careful.
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inspiredinvestor
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April 07, 2014, 12:15:42 PM |
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To be honest, people need to learn and stop storing their bitcoin on an exchange.
research good wallets, and never store all your bitcoins in one place/wallet. we are all learning better security, it's evolving! Bitcoin is a work in progress! |
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pepericau
Newbie
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Activity: 30
Merit: 0
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April 07, 2014, 09:42:45 PM |
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Bitcoin is safe for use even so with the current problems caused of Mt Gox also that the fact the Chinese goverment has ordered to close all the exchangers in China, BTC is safe to use and trade with it just be careful at the moment to sell o buy it.
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roslinpl
Legendary
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Activity: 2212
Merit: 1199
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April 07, 2014, 09:44:50 PM |
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Bitcoin is safe for use even so with the current problems caused of Mt Gox also that the fact the Chinese goverment has ordered to close all the exchangers in China, BTC is safe to use and trade with it just be careful at the moment to sell o buy it.
You are right just one think is not right - buy as many as you can  hehhe Regards. |
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techgeek
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April 08, 2014, 02:56:22 AM |
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Mt Gox is the past. lol. I`m sure most venture capitals who are on fence of doing bitcoin right, now knows what to expect.
I mean, if anything the bitcoin community is molding forward and this just starts a better foundation for people trying to do it right.
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oli123123
Legendary
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Activity: 1445
Merit: 1000
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April 08, 2014, 01:08:53 PM |
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You have to be careful.
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