6 safety concerns?

[asus09]

Phishing attempts is probably the biggest issue in crypto. So many of them and since we are decentralized there is no way to revert a transaction. That's a hard pill to swallow for so many people who have been spoiled by credit cards and PayPal and have been able to revert transactions every time they have been fooled.

Phising site become most terrible problem by investing with bitcoin and altcoin, I not worry when price of my assets down but most scare when I access with phising site and make lost all our assets, I will be careful which one site I want to open. Always give bookmark to most important with etherwallet site and exchange market website, I think can keep our assets on exchange safety.

[adzino]

There aren't a specific list of concerns I have when it comes to crypto currencies. But right now, when I choose a platform to exchange, I am always concerned about their security, their reputation and their support. All these three have a major impact on a users trading experience. When I choose a platform to gamble, I am concerned if they are legit or not, how long they have been on the market and how easy it is to deposit and withdraw. Different activities related to crypto currencies have different concerns. None of them can be compared with the other.

[Kambal2000]

Phishing attempts is probably the biggest issue in crypto. So many of them and since we are decentralized there is no way to revert a transaction. That's a hard pill to swallow for so many people who have been spoiled by credit cards and PayPal and have been able to revert transactions every time they have been fooled.

Even not in crypto related, there are lots of phishing attempts out there, yeah in crypto it is everywhere, that's why I don't trust any links, even here in crypto there are attempts with that too, my friend had lost his account in Bitcointalk for this too and some of my friends had hacked their Eth wallet for joining airdrops which turned out to be phishing link, so I never joined airdrop anymore too.

[franky1]

1. developer centralisation
many people pretend that bitcoin should not innovate onchain because 'people dont want onchain innovation because they havnt chosen it''. the problem is that developer centralisation where there is now just one decision making codebase, this means that the developers refuse to release open/not mandated choices thus the community dont even get a choice.
they just become pawns/sheep to developer decisions

2. services/businesses/other networks that are not blockchain themselves
services/networks/businesses that involve getting people to lock funds up into private keys that are not 100% in a persons control means that the service/network that then gives the user some other token to play around with as a peg, giving the false belief and false security that they still have their coin.
when infact the service/offchain network has power over the coin.
the whole point of blockchain was because custodial 'banking' failed the world in 2007-2008
there has been a saying for years 'if you dont own the private key, you dont own bitcoins'

[kryptqnick]

what would be your top 6 safety concerns you have in the crypto space?

whether it be like scammers? wallet protection? exchange protection ? integrity of content creators?

lets hear it . and why you think its a concern

Why 6 concerns exactly? And what are yours? My #1 concern is scalability. As Bitcoin grows in popularity, it must meet the expectations and be able to handle all those transactions which are yet to come. We've seen what happens nowadays when the price increases fast and a lot of movement is happening. The solution to this problem must be found or it will forever limit the community growth. I know we have the LN, but it does not seem to be helping much since even though it can happen with transaction costs, some don't use it for other reasons. I am fine with reputable exchanges, a bit worried about the safety of my money and rather not worried about scammers since they usually get people to give them their money, and I try to keep up with the new schemes so that I don't fall for a scam.

[xiboothrezi]

Phishing attempts is probably the biggest issue in crypto. So many of them and since we are decentralized there is no way to revert a transaction. That's a hard pill to swallow for so many people who have been spoiled by credit cards and PayPal and have been able to revert transactions every time they have been fooled.

Fraudsters really don't give us the chance to let our guard down in the slightest. If we let our guard down, it will be an opportunity for them to take ours. Damn, I really hate that. We must be very careful in every "click", or the safest is to make a bookmark on an important website, minimize risk.
My wallet has been hacked, it hurts because the funds in the wallet that I have painstakingly obtained will be used to pay rent, even though I have provided double security. This is a risk, I have to accept it, and after that, I become more careful and immediately move funds to a safer place.

[Oceat]

I can't put a list on what could be the 6 safety concerns but as long as you know the drill for your own safety, it's enough already. Just stay away with the things that looks too real to be true that in reality is impossible to happen because it is probably a scam. And never ever put your Bitcoin in any exchanges because it might be stolen any moment and it's too late to regret on that before you notice.

[DreamStage]

Suddently becoming centralized (which is impossible) is one of my biggest concerns.

Someone acknowledging how to hack / get access to every single wallet thus security would be unexisting.

Losing bitcoin value all sudden due to some big shark owners selling as an overall team or group.

Bitcoin becoming the second biggest coin rather than current 1st.

Crypto network stops working suddently and every transaction freezes.

Miners stop producing satoshis -> no transactions -> price fluctuation -> everything dies.

[bitbunnny]

My biggest concern about Bitcoin and other cryptocurrencies is security. We are facing bigger and more and more sophisticated challenges regarding safety and security startnig with exchanges, scam.and phishing, hackers attacks and similar. And the protection still isn't on satisfying level and with time it seems these issues are becoming more and more present in crypto world.

[enhu]

One reason why it would be less secure is if there will be centralize exchanges and centralize projects. Bitcoin right now is very decentralized but with the exchange being centralize, its still less secure for everyone who does trade on them. Crypto is meant to be P2P and not just backed by blockchain. P2p makes it secure and decentralize where even of the team members are all dead, the project will survive because its peer to peer.

[adaseb]

Hodling crypto is actually very stressful to do in a perfect manner. Most people, especially new to the space end up losing it to scammers or some type of virus or investing in some alt-coin, or losing it trading.

You can't really keep your crypto on Windows 10, even if you have a password. There are 0-day exploits and you might get some worm that will steal your BTC. Best way is to get a hardware wallet or use something like Electrum on Cold Storage. Or even just print an old fashioned paper wallet if you are planning on keep it long term.

Sure you can keep on an exchange however there are issues. The exchange can get hacked, your account can get hacked, you might be tempted to buy some alt-coin which loses 99% of its value, you might be tempted to trade on margin and get liquidated and loss all your crypto.

Another issue is you shouldn't tell anyone you own crypto. You might become a target. Don't wear a BTC t-shirt, don't put BTC bumper stickers on your car, don't show people your BTC balance, etc. Try and stay safe and smart.

[tianglistrik]

in terms of security I believe that the blockchain system can have good security, I focus more on the security of the data wallet. the security of the data wallet is more focused on the people who hold it and as long as they put it professionally the data will be safe but otherwise data will be easily hacked

[pixie85]

Suddently becoming centralized (which is impossible) is one of my biggest concerns.

Since it's impossible you have nothing to be concerned about.

Someone acknowledging how to hack / get access to every single wallet thus security would be unexisting.

Impossible if you understand how the network works. You can't decode every single private key without enough time and computing power. It would take years to get even one.

Losing bitcoin value all sudden due to some big shark owners selling as an overall team or group.

He would first have to buy.

There are whales but they know that dumping it all and crashing the price is unprofitable because of low liquidity on exchanges.
They would be able to do it but it would cost them money.

Bitcoin becoming the second biggest coin rather than current 1st.

But who is the competitor? ETH? BCH? They aren't as good and as popular. Also less stable.

Crypto network stops working suddently and every transaction freezes.

Impossible due to decentralized nodes in every part of the world. The only way to make it stop is to cut the Internet but without Internet banks won't work too.

Miners stop producing satoshis -> no transactions -> price fluctuation -> everything dies.

But how are you going to make all miners stop mining when some of them are in the US others in China, some in Iceland and Russia. Bomb the world?
All your concerns are irrelevant.

[Krislaw]

Well, I do not have much safety in this crypto space. My only concern is exchange hacking and losing important things in a fire incident. I don't want to experience my funds stolen on an exchange the moment my funds are there.

[gantez]

what would be your top 6 safety concerns you have in the crypto space?

integrity of content creators?

I don't get worried about crypto because I'm convinced that it is here to stay, I'm talking about the real projects.
But then the integrity of the creator of a new project is wear I'm a bit skeptical. Some developers are not sincere .

[airdnasxela]

Scammers and hackers. It includes all kind of scams and hacks. Although I'm trying to avoid them and I am very skeptic here dealing in crypto, scammers and hackers are now more knowledgeable technically. I also have one concern, and that is the future. The future of bitcoin is still vague to predict until when it is going to dominate. Or as a whole, how will the government make actions towards crypto. Without assurance, I cannot say, the future of crypto is safe.

[Voland.V]

Maybe the answer is in a different cryptography. In keyless cryptography, in a system from which it is not possible to steal keys or passwords. I know that such developments are now in progress. Yes, they are probably very closely related to passwordless authentication. With one that never uses biometric data. The question remains what such authentication uses. And there is an answer - a variable numeric identifier. The beauty of this idea is that if you have a password or a key, your identifiers are numeric but seemingly permanent. The new technology proposes to make variable identifiers. So much variable that it is impossible for an outside observer to catch or predict the next identifier. And its changes are so rapid that stealing the current one is also useless. Here is the real way to a new cryptography and to a new level of security for the user. Probably, the keyless and passwordless system, is an only possible answer for the ordinary user today, in the world of quantum computers and quantum calculations.

[zviadits]

what would be your top 6 safety concerns you have in the crypto space?

whether it be like scammers? wallet protection? exchange protection ? integrity of content creators?

lets hear it . and why you think its a concern

It is not yet possible to realize decentralization in such structures as exchanges. This is a fairly global problem, as one cannot be sure of third parties. There are a lot of problems, it is impossible to list everything, but there are definitely more than 6 of them

[rodskee]

what would be your top 6 safety concerns you have in the crypto space?

whether it be like scammers? wallet protection? exchange protection ? integrity of content creators?

lets hear it . and why you think its a concern

of course the main concern is the scammers because they can take everything that i invest,the hardship and dedication and the money will gone and this will tear me apart.

exchange protection?not really because i never let my Currency stays longer in exchangers instead i take it right away after trading.

but one thing that i always make sure to keep safe?is the hackers that circling around the forum and looking for potential victims.

[GideonGono]

I only have one concern about crypto,

Cryptocurrency such as Bitcoin should not have a huge transaction fee. Because in order for Bitcoin to become the world's leading cryptocurrency, it needs to be utilized by many people around the world. And if they can see the transaction fee is quite high, they might end up choosing other cryptocurrencies

Your concern is my concern also. Though in the moment there are implementations in the blockchain of Bitcoin where the transaction fee is quiet lower compared in the past especially in the time where the blockchain had been flooded by many transactions which a lot of people suspect that there was a group spamming the blockchain which later on been overwhelmed and the transactions would get through for days leading people to use higher transaction fee. I hope that it would not happen again in the future as more people would be inclined to use Bitcoin as mode of payment.