Holm
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Activity: 70
Merit: 10
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April 20, 2014, 06:20:26 PM |
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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.
or you have trembling hands. |
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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.
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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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creepywheepy
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Activity: 87
Merit: 10
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April 20, 2014, 06:33:38 PM |
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there is no currency, that is perfectly safe to use
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Donations - d5737925-d46d-47ec-9941-94a12a68861b
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Equate
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April 20, 2014, 06:36:43 PM |
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Keep your pc safe from viruses and keyloggers and don't keep your BTC on exchanges.
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Holm
Member
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Activity: 70
Merit: 10
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April 20, 2014, 06:38:22 PM |
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Keep your pc safe from viruses and keyloggers and don't keep your BTC on exchanges.
wallet should be on separate hard drive with a clean operating system |
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klovishey
Full Member
Offline
Activity: 195
Merit: 100
Selling Coupons Babie
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April 20, 2014, 06:48:31 PM |
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Bitcoin is as safe as you make it safe, that is the beauty of Bitcoin. With fiat you just hope justice will help you if you get hacked, with Bitcoin you might secure it very well
You need to use separate computer never connected with offline wallet. Hopefully hardware wallets will be available soon for no tech users
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Holm
Member
Offline
Activity: 70
Merit: 10
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April 20, 2014, 06:49:59 PM |
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Bitcoin is as safe as you make it safe, that is the beauty of Bitcoin. With fiat you just hope justice will help you if you get hacked, with Bitcoin you might secure it very well
You need to use separate computer never connected with offline wallet. Hopefully hardware wallets will be available soon for no tech users
or virtual machine |
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Polyrhythm
Newbie
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Activity: 26
Merit: 0
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April 20, 2014, 07:18:40 PM |
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You need to use separate computer never connected with offline wallet. Hopefully hardware wallets will be available soon for no tech users
I think that's the key. A lot of people I discuss bitcoin with want to get into it, but we are not those technologically savvy types...as it is, the learning curve is too steep for everyday people to adopt it as a currency. For my generation, it's possible with effort but for the older generation, I just don't see it happening with out hardware innovations like you mention. |
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kusrmdik
Newbie
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Activity: 4
Merit: 0
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April 20, 2014, 07:29:01 PM |
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safe if you use cold storage
but risky in terms of value
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Gervais
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April 20, 2014, 07:29:55 PM |
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It's safe as long as you are.
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Testing123
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April 20, 2014, 07:45:39 PM |
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Bitcoin is as safe as you make it safe, that is the beauty of Bitcoin. With fiat you just hope justice will help you if you get hacked, with Bitcoin you might secure it very well
You need to use separate computer never connected with offline wallet. Hopefully hardware wallets will be available soon for no tech users
Very true. People really need to understand this, and use an offline wallet to store 99% of their bitcoin. |
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divsigmni
Newbie
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Activity: 9
Merit: 0
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April 20, 2014, 08:05:48 PM |
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Bitcoin is as safe as you make it safe, that is the beauty of Bitcoin. With fiat you just hope justice will help you if you get hacked, with Bitcoin you might secure it very well
You need to use separate computer never connected with offline wallet. Hopefully hardware wallets will be available soon for no tech users
Very true. People really need to understand this, and use an offline wallet to store 99% of their bitcoin. what is offline wallet? how do I get one? |
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Gervais
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April 20, 2014, 08:15:31 PM |
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Bitcoin is as safe as you make it safe, that is the beauty of Bitcoin. With fiat you just hope justice will help you if you get hacked, with Bitcoin you might secure it very well
You need to use separate computer never connected with offline wallet. Hopefully hardware wallets will be available soon for no tech users
Very true. People really need to understand this, and use an offline wallet to store 99% of their bitcoin. what is offline wallet? how do I get one? Google it. IT's just keeping your wallet not on a pc. |
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Dogtanian
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April 20, 2014, 08:16:42 PM |
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Bitcoin is as safe as you make it safe, that is the beauty of Bitcoin. With fiat you just hope justice will help you if you get hacked, with Bitcoin you might secure it very well
You need to use separate computer never connected with offline wallet. Hopefully hardware wallets will be available soon for no tech users
Very true. People really need to understand this, and use an offline wallet to store 99% of their bitcoin. what is offline wallet? how do I get one? An offline wallet is keeping your coins on either a paper wallet or in a wallet.dat backed up on something like a usb or CDR that's not online so it's safe. |
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dogechode
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April 20, 2014, 08:21:02 PM |
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I think bitcoin is about as safe to use as a condom. Somewhere around 90% safe when used properly and according to the instructions =P
If you follow the rules and don't do anything stupid the odds of you losing your coins is fairly low. But people do things like keeping coins on an exchange long term, not having a secure passphrase, keeping large quantities in low security storage, downloading questionable software and/or not using proper antivirus/malware software, using web wallets (seriously why the fuck do you people do that I can't fathom) etc etc and that greatly increases the risk.
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Dogtanian
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April 20, 2014, 08:24:38 PM |
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 I think bitcoin is about as safe to use as a condom. Somewhere around 90% safe when used properly and according to the instructions =P
If you follow the rules and don't do anything stupid the odds of you losing your coins is fairly low. But people do things like keeping coins on an exchange long term, not having a secure passphrase, keeping large quantities in low security storage, downloading questionable software and/or not using proper antivirus/malware software, using web wallets (seriously why the fuck do you people do that I can't fathom) etc etc and that greatly increases the risk.
lol nice analogy, but I though condoms were 98% asafe?
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Gervais
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April 20, 2014, 08:26:59 PM |
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Bitcoin is as safe as you make it safe, that is the beauty of Bitcoin. With fiat you just hope justice will help you if you get hacked, with Bitcoin you might secure it very well
You need to use separate computer never connected with offline wallet. Hopefully hardware wallets will be available soon for no tech users
Very true. People really need to understand this, and use an offline wallet to store 99% of their bitcoin. what is offline wallet? how do I get one? An offline wallet is keeping your coins on either a paper wallet or in a wallet.dat backed up on something like a usb or CDR that's not online so it's safe. Yeah this, but make sure you make several back ups and or write your private keys down too. |
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Simon8x
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April 20, 2014, 08:50:09 PM |
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Bitcoin is as safe as you make it safe, that is the beauty of Bitcoin. With fiat you just hope justice will help you if you get hacked, with Bitcoin you might secure it very well
You need to use separate computer never connected with offline wallet. Hopefully hardware wallets will be available soon for no tech users
Very true. People really need to understand this, and use an offline wallet to store 99% of their bitcoin. what is offline wallet? how do I get one? The easiest way to generate a offline wallet is to use bitaddress.org offline. |
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Orthy
Newbie
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Activity: 14
Merit: 0
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April 22, 2014, 02:59:20 AM |
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Yes, it's definitely safe. Constantly read and learn from others how to keep it safe and secure.
You can find a lot of threads here in BTT from enabling 2 factor authentication to your online wallet to the most secured cold and paper wallets.
You may find that BTC can be safer and easier to use than using credit cards or fiat.
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bryant.coleman
Legendary
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Activity: 3654
Merit: 1217
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April 22, 2014, 10:33:25 AM |
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Remember that if you are using an offline wallet (paper-wallet or USB-stored wallet.dat file), there is no way to recover them in case the backup is lost or stolen. So it will be better to make 2 or 3 physical backups, and store them in safe and secure locations.
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Zacon
Newbie
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Activity: 14
Merit: 0
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April 23, 2014, 08:27:47 AM |
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Bitcoin is safe, but Rising and falling the price cause Unreliable.
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