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Author Topic: Security Issues Question  (Read 233 times)
aysg76
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March 07, 2021, 11:33:57 AM
 #21

Some are saying that Bitcoin and Blockchain where created by the Chinese government in order to steal billions of dollars from the worlds users. Do you have any information on this? The data shows that billions have been locked out and stolen already. Who has looked into this security threat?
A fully decentralised currency created by centralized authority to steal from people ?Is that what you are trying to say?
How come Chinese government can hack someone's wallet containing UTXO which is backed up by Private keys and Seed phrase encrypted with SHA-256 and HMAC-512 algorithm to sign the transaction for spending the funds stored in them.A P2P currency developed with motive of creating fully decentralised and secured system could never be a motive of Chinese Communist Party so it's sure they are not behind of such innovations.Moreover the coins which are lost due to loss of private keys,death of owners of the Funds,hacking into systems and all that.

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So it's just your false opinion nothing else.Try to search about Bitcoin and its functionality and you will know it's true reality.

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