Sama517 (OP)
Jr. Member
 Offline
Activity: 196
Merit: 1
|
 |
September 25, 2018, 11:56:40 PM
Last edit: September 26, 2018, 05:15:24 AM by Sama517 |
|
A lot of people have always worried about the security of bitcoin and cryptocurrency which is why they have decided to stay away from investing in it. You must also note that even the fiat money that you may have can also be liable to theft. The earlier you stop giving flimsy excuses, the better. The decision is yours!
|
▄▄▄▄▄ REFINE MEDIUM: People's own media ▄▄▄▄▄ |
|
|
|
|
|
The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
The Sceptical Chymist
Legendary
Offline
Activity: 3332
Merit: 6834
Top Crypto Casino
|
|
September 26, 2018, 01:36:23 AM |
|
You're stating the obvious here, and there's no point even discussing this.
Anything you own, whether it's gold, crypto, cash, or comic books, can get stolen if you don't have proper security measures in place. That's been known as long as there's been thievery in this world.
|
|
|
|
|
patz22
|
|
September 26, 2018, 02:59:47 AM |
|
Even your wife/husband. Better lock this thread as this will be a nest for shitposters. (oopps merit still needed)
@The Pharmacist is right, everything can be stolen but basically you as the owner will be in charge for its security, no one can be blamed if in case something will happen.
|
|
|
|
|
|
vit05
|
|
September 26, 2018, 05:02:49 AM |
|
I do not think this is the main discussion related to cryptos. The big difference is the civil liability of organizations that maintains their assets. There are several regulations regarding how and what banks can do with the refusals that others place on their accounts. Regarding the exchanges, their responsibilities are almost non-existent.
What could and should occur would be more security and audit solutions specific to exchanges. But the main thing is that if well guarded, you will hardly lose your cryptocurrencies.
Even because Bitcoin does not exist. You can not save it in a box. What exists is your access to blockchain.
|
|
|
|
|
|
KirunBarber
|
|
September 26, 2018, 01:15:25 PM |
|
those who plunge into the world of cripto currencies are only those with good mentality. and all things are as small as there are risks, even businesses in the real world such as their rice traders can lose.  |
|
|
|
Tory-Tory
Member
Offline
Activity: 196
Merit: 10
“Blockchain Powered Clinical Trial Management”
|
|
September 26, 2018, 03:38:56 PM |
|
A lot of people have always worried about the security of bitcoin and cryptocurrency which is why they have decided to stay away from investing in it. You must also note that even the fiat money that you may have can also be liable to theft. The earlier you stop giving flimsy excuses, the better. The decision is yours!
Moreover, I want to say that keeping the crypto currency is safer then other currency. Sufficiently hide the key from your wallet and that's it. But with fiat money everything is different, they occupy a certain space for storage. And if you take them to the bank, then in many countries they will ask questions about where you take the money. It has long been an understandable fact that electronic money is more convenient than cash, and crypto currencies are perfection. |
|
|
|
|
palle11
|
|
September 26, 2018, 04:36:47 PM
Last edit: September 26, 2018, 04:50:58 PM by palle11 |
|
Laughs.... I was expecting to read that mouse can even steal your fiat  Off course it is a fact that anything can be lost. People who are not investing in cryptocurrency are not doing so basically because of being lost but because they don't understand or believe in it. |
|
|
|
|
1Referee
Legendary
Offline
Activity: 2170
Merit: 1427
|
|
September 26, 2018, 05:25:40 PM |
|
What could and should occur would be more security and audit solutions specific to exchanges. But the main thing is that if well guarded, you will hardly lose your cryptocurrencies.
Japan is probably one of the very few countries that actually does that what you are talking about, but it's not enough to prevent thefts in form of hacks. Exchanges will always have to deal with hot wallets, and hackers are out to breach their systems in order to withdaw as much value as possible, and have it confirm as quick as possible, which is why they mostly go for altcoins. Bitcoin's "slower" confirmations offer exchanges quickly noticing theft the ability to double spend in an attempt to reduce financial damage. And yes, even if there is a successful theft, exchanges will likely refund you one way or another, but the refund process will always favor the exchange and not you. Let's say you have 10BTC in your account at today's $6500 value, and the price shoots up to $15,000 not long after, they will obviously only refund you $6500 per coin. In case the value drops to $3000 for example, the exchange will suddenly refund you your coins instead of fiat. |
|
|
|
|
|
shield132
|
|
September 26, 2018, 05:48:05 PM |
|
OP if your hardware, where bitcoin is intalled gets damaged, then you may lose it. When you own money on card, if you lose it, you can lock bank account anytime and keep your funds safe, that's all. So I can't see any idea in words "even your fiat is not totally secure", total security doesn't exists in this world too, The Pharmacist said right.
|
|
|
|
|
dewildance
|
|
September 26, 2018, 05:54:41 PM |
|
A lot of people have always worried about the security of bitcoin and cryptocurrency which is why they have decided to stay away from investing in it. You must also note that even the fiat money that you may have can also be liable to theft. The earlier you stop giving flimsy excuses, the better. The decision is yours!
It's hard to tell people. Moreover, in most countries, those who hold all the money in fiat are losing value with inflation and some involuntary issues. |
|
|
|
|
|
1NV3ST0NM3
|
|
September 26, 2018, 06:11:21 PM |
|
You're stating the obvious here, and there's no point even discussing this.
Anything you own, whether it's gold, crypto, cash, or comic books, can get stolen if you don't have proper security measures in place. That's been known as long as there's been thievery in this world.
Exactly!! Anything and everything is prone to the danger of theft or misplacement. So crypto is no exception. And fiat is not secure absolutely, everyone knows of that. In fact crypto is safer than fiat, everyone knows, and it is a basic argument one may keep to defend the crypto. Anyhow there is no point in discussing this lame topic! |
|
|
|
|
|
Edraket31
|
|
September 26, 2018, 06:18:15 PM |
|
Exactly! There is no assurance in everything and I can really say that even insurance and our fiat has no assurance because there is instances that we will also lose some of our money due to some certain reasons, and for me securing your fiat in just one bank is not a good idea, we should secure our fiat in different banks as well.
|
|
|
|
|
ocid
|
|
September 26, 2018, 11:53:02 PM |
|
cryptocurrency is not much different from fiat currency. This is evident from the many thefts committed by hackers against customers' money deposited in the Bank, even they can easily break into the banking financial system, crimes will always be there if we are not careful to guard the security of something very valuable
|
|
|
|
|
MinSiu
Newbie
Offline
Activity: 33
Merit: 0
|
|
September 27, 2018, 01:29:31 AM |
|
Of course, nothing in this world is completely secure but fiat is still safer than bitcoin. But you know what, only bitcoin can bring you unstoppable profits. even it is risky investment but it is worth trusting.
|
|
|
|
|
Asawakobana2017
Member
Offline
Activity: 322
Merit: 20
|
|
September 27, 2018, 02:42:28 AM |
|
cryptocurrency is not much different from fiat currency. This is evident from the many thefts committed by hackers against customers' money deposited in the Bank, even they can easily break into the banking financial system, crimes will always be there if we are not careful to guard the security of something very valuable
Yes i agree on that. Many people said tgat crypto is not safe at all. But in my part I will say to them that this crypto is always depend on is. It is risky but the risk is not in crypto we are responsible for our holdings and for our profit. So I think crypto is not that risky. I believe that risk is everywhere and it is not only inside the crypto world it is everywhere. |
|
|
|
|
gambitcoin53
Member
Offline
Activity: 378
Merit: 25
|
|
September 27, 2018, 02:49:58 AM |
|
seriously? of course fiat is not secure also as crypto and other things with value and uses, all things with value looses its market value like porperty, cars, precious stones and jewelries, depending on the uses and trend on the market, fiat is not exempted in depreciation, this is obviously and literally been experiencing by fiats and everybody knows that.
|
|
|
|
|
PETES
|
|
September 27, 2018, 03:31:23 AM |
|
A lot of people have always worried about the security of bitcoin and cryptocurrency which is why they have decided to stay away from investing in it. You must also note that even the fiat money that you may have can also be liable to theft. The earlier you stop giving flimsy excuses, the better. The decision is yours!
So I was expecting more of something interesting, I don't know what's the point of view of OP since this is obviously nonsense. Anything can be stole even a kid can stole someone's lollipop. So it's up to us how we secured our wallet, identity and fiat as everything is vulnerable. |
|
|
|
|
binhvo1505
Member
Offline
Activity: 728
Merit: 11
https://streamies.io/
|
|
September 27, 2018, 04:05:05 AM |
|
A lot of people have always worried about the security of bitcoin and cryptocurrency which is why they have decided to stay away from investing in it. You must also note that even the fiat money that you may have can also be liable to theft. The earlier you stop giving flimsy excuses, the better. The decision is yours!
I dont think so. We can use fiat money to invest in stocks or real estate, etc .. These are tangible assets and it is always profitable for the holder. |
|
|
|
ronics
Member
Offline
Activity: 350
Merit: 10
|
|
September 27, 2018, 04:22:31 AM |
|
A legion of people is to be anxious about the security of bitcoin and a cryptocurrency which is why they decided to keep away from investing in it. You should also keep in mind that even a fiat money you may have, you may also be solely responsible for stealth. The sooner you start stop the courtesy of the incorrect reasons, the better is. The decision depends on you!
|
|
|
|
|
|
Hui8
|
|
September 27, 2018, 04:28:50 AM |
|
A lot of people have always worried about the security of bitcoin and cryptocurrency which is why they have decided to stay away from investing in it. You must also note that even the fiat money that you may have can also be liable to theft. The earlier you stop giving flimsy excuses, the better. The decision is yours!
In reality crypto currencies are far more trusted, secure than the fiat one. First layer of protection that we get is, its completely virtual one and no one can physically steal it from you if you are walking down the street and making uncomfortable visits by thefts. Off course in the crypto currency there comes another threat which we recognise as the hacking of wallets but to be honest its very rare that you will end up in hacked wallet because it can only be done with the phishing and nothing else. There is no way to get entered into the crypto without that. Believe me most of the cases that we see as hacking attempts are coming from the fact that they are phished wallet. With extra precaution one can avoid that too. |
|
|
|
|
|
