Or am I wrong that Bitcoin remains the safest bet

[Orpichukwu]

No Blockchain is safe from vulnerability it seems.
Sorry to all those who trusted and rely more on Zcash.

Bitcoin just feel more like the best bet after all.

I go with that idea where they say anything which was developed is hackable, but hacking it and exploiting its vulnerabilities is a matter of how secured the thing is, so don't trust too much and don't rely too much on how secured something is, as technology is getting advanced, so are new ways of exploiting and possibilities of hacking what appears not hackable will emerge. Bitcoin is not 100% immune, but it's still more secured than any other.

[Miles2006]

It's heartbreaking that such vulnerability can be found in something like Zcash, after many years since launch, it seems like years after years a new reason why Bitcoin seems like the only safe place keeps popping up.

No Blockchain is safe from vulnerability it seems.
Sorry to all those who trusted and rely more on Zcash.

Bitcoin just feel more like the best bet after all.

The first impression you discover about shitcoin that will determine your level of loss either you get to lose everything along the line because you want a coin like bitcoin. Funny enough when I researched about Zcash the internet provided a false narrative about the coin, it’s stated this coin function same as bitcoin meanwhile it’s not true. Like I always say it’s difficult getting an accurate data mostly when the internet is involve, 50% of the information provided might not result to any good besides no other coin can serve as bitcoin, definitely bitcoin is the real one here while other altcoins follow suit though it’s said these coins might someday grow value like bitcoin yet we’ve not seen any improvement so I would advise to focus only on bitcoin investment.

[Fivestar4everMVP]

It's heartbreaking that such vulnerability can be found in something like Zcash, after many years since launch, it seems like years after years a new reason why Bitcoin seems like the only safe place keeps popping up.

No Blockchain is safe from vulnerability it seems.
Sorry to all those who trusted and rely more on Zcash.

Bitcoin just feel more like the best bet after all.

Sorry for what exactly? The vulnerability you are talking about has since been eliminated and fixed and I think that was done the very same day it was discovered, and since then, the price of ZEC which had a significant drop due to the issue has since recovered and still recovering, from dropping to $300+, the price is now a little about $400 and the only drop it experienced recently is due to the drop in the price of bitcoin, so what really are you saying sorry to ZEC holders for exactly?

Because to the best of my knowledge, the vulnerability was not exploited, and from the way the price increased days after the whole news, is shows that sooner than later and with a good bitcoin price, the price of ZEC will be above $600 again.
I am not a ZEC holder and don't give a damn about it anyway, but I am just trying to be realistic here, because no matter how good Bitcoin is, from past experiences with network congestions and fee hikes, Bitcoin alone can not serve the entire ever growing cryptocurrency community, some of this altcoins are still needed to serve as alternatives.

[Iranus]

When it comes to block chain technology Bitcoin is the king and most safest one. When it comes to saving money Bitcoin still leads the way because Bitcoin is free of any form of vulnerability when compared to other crypto currencies. Bitcoin is safe and Free from any form of threat making it one of the safest places to secure and store your money that, you will feel relaxed.

In 2010, someone exploited an integer overflow vulnerability in Bitcoin's code to generate a transaction that created 184billion BTC out of thin air. But luckily, the bug was discovered and patched within just a few hour. Since then, no similar vulnerability has been found and exploited. But that shows Bitcoin is not invulnerable and certainly not free from any form of threat as you claimed.

Bitcoin is the most secure blockchain, but that does not make it absolute.


https://decrypt.co/39750/184-billion-bitcoin-anonymous-creator
https://en.bitcoin.it/wiki/Value_overflow_incident

[Luzin]

Bitcoin is the most secure blockchain, but that does not make it absolute.

I haven’t experienced that, because I actually started getting involved with Bitcoin back in 2015. During the nearly 10 years I’ve known Bitcoin, when I hear about Bitcoin theft, it usually comes from the owner’s negligence or exchanges. I haven’t heard any news that the Bitcoin system itself was deliberately exploited to send Bitcoin to certain wallets. So, so far I think blockchain crypto is a safe technology for now, although you’re right, Bitcoin isn’t completely safe. It seems like BIPs are also one of the developers’ steps to continuously improve Bitcoin’s quality in various aspects.

[Somegory]

I agree, currently some new projects are coming up with POQW algorithm ( proof of quantum work) just to make retailers feel like this is the safest Blockchain projects, I am pretty sure that it will work good on some.

To the likes of me I don't see any difference to the old crypto projects, it's possible to make money from them but they are not reliable for the long term, if you are going to take risks on anything that's not. Bitcoin make sure it's for short term only.

Once you start to see profits coming in it's all about FOMO, make sure you take profit and never look back, investing on altcoins still on my table, it's one of those ways to get handful of bitcoin in a short term, you just need to know what you are doing.

[DanWalker]

I don’t even regarded investing into this coins as diversification because let’s be realistic with each other, isn’t diversification about something that doesn’t have correlation with the other asset? Such that if one asset is down the other asset will definitely be up or at least not follow the same trend as the main asset. Now look at the situation with bitcoin and alt coin as means of diversification.

Bitcoin market controls the entire crypto market trend. If it’s goes bearish almost all altcoins follows down, if bitcoin today seizes to exist I don’t think any of the alt coins will actually be able to exist too, so is alts now truly worthy of diversification? I don’t think so. This is not me discouraging buying of Altcoins but that should be in class of gamble rather than a means of diversification.

The primary purpose of diversification is to reduce risk. But many people do the opposite. They diversify their portfolios with expectation of higher returns, which is why they invest in altcoin. They think they are diversifying but in reality they are not and they are just gambling.

Youre right, diversification only makes sense when allocating into assets with low correlation or even better, no correlation with each other. Putting all capital into the crypto market is not diversification.

[Emitdama]

Bitcoin just feel more like the best bet after all.

It is. And it's been 99.99% up at most times and since 2014 up to the present, it's been up and safe 100%.

It's just sad that zcash being one of the known privacy coin went to that. But I've seen projects that went that and still survived.

As an investment, it's no doubt why we all like it and that's how trust is being built on it even the doubters would love to hear that.

That can't be. You may be forgetting that we have bear markets too? But if you mean about the growth, then BTC is not just up by those percent you claimed there but it was up by 125848499.86% according to CMC. But they also count by the time BTC came live on the year of 2010. With what is said, it can give us a conclusion that BTC is not 100 percent safe not only due to cycles but also due to its personal volatility.

It is just that if you invest at the beginning, then you may still be up by some percent. Zcash on the other hand is not hacked but the flaw has been discovered by its team AFAIK. it is not a bad news but it is only normal that a project can experience some flaws and then it is a good news too that they are active on finding it out, so that they can improve their project.

[Versatile_choice]

It is very wrong to consider bitcoin investment as betting because it's far beyond that, it's an investment not betting. It is true when you said that bitcoin is the safest/ reliable coin in the crypto market, talking about bet. Yes those who are holding Zcash are the people who seems to be betting with their money because from year to year it hasn't make a good move or show a sign that it is worth holding, that is why we need to learn how to make the right choice of Investment, it's stupid for one to Walk into this crypto space and start investing without consultation so as to know if the asset they are about investing in has good potential or not.

[Faisal2202]

It's heartbreaking that such vulnerability can be found in something like Zcash, after many years since launch, it seems like years after years a new reason why Bitcoin seems like the only safe place keeps popping up.

No Blockchain is safe from vulnerability it seems.
Sorry to all those who trusted and rely more on Zcash.

Bitcoin just feel more like the best bet after all.

There is no loophole or backdoor in Bitcoin. Zcash works differently than BTC and somehow one of the pools had some loophole which the investigators found out, which is the best part, because if it would have been found out by any hacker they would have minted many coins and ZEC would have dumped heavily but recently a lot of funds have entered in Zcash.

Like the market cap is around $7 billion so of course people to whom security and privacy matter, they must have hired these investigators to make their funds safe and now they have. Speaking of BTC, it never had such error in it, even before the arrival of AI, as Claude found the error in ZEC, but if there would have been any in BTC, it would already have been reported.

[Iranus]

Bitcoin is the most secure blockchain, but that does not make it absolute.

I haven’t experienced that, because I actually started getting involved with Bitcoin back in 2015. During the nearly 10 years I’ve known Bitcoin, when I hear about Bitcoin theft, it usually comes from the owner’s negligence or exchanges. I haven’t heard any news that the Bitcoin system itself was deliberately exploited to send Bitcoin to certain wallets. So, so far I think blockchain crypto is a safe technology for now, although you’re right, Bitcoin isn’t completely safe. It seems like BIPs are also one of the developers’ steps to continuously improve Bitcoin’s quality in various aspects.

In essence, crypto and blockchain are technologies, and they are simply codes written by human. They have only been around for less than two decade, so bugs and vulnerabilities are completely normal. That is part of the development process.

Most of the technologies we use today have gone through countless trials, failures, bug fixes, and improvements before reaching their current level of stability.

So the fact that Bitcoin or zcash has bugs is not a big deal. It only becomes serious if those bug go undiscovered, or worse, get exploited and cause real damage.

[ThemePen]

Because of extra complexity of coins cryptography, privacy coins always come with added risk. More moving parts you have, more there will be chances for something to go wrong, and that will happen years after you launch. Bitcoin simplicity at this point is honest sign of strength for the cryptocurrency. It only does one thing and does it quite well, no frills privacy or crazy zero knowledge crap that may have hidden bugs.

However, I would not entirely ignore Zcash or any other coin that is made towards privacy on this basis. No project has been without weaknesses over time and that is what is important, how fast weaknesses get patched and shared. But, if security is your top priority, Bitcoin being plain and boring for more than decade speaks volumes. Less change can be less room for attack.

[Kelward]

It's heartbreaking that such vulnerability can be found in something like Zcash, after many years since launch, it seems like years after years a new reason why Bitcoin seems like the only safe place keeps popping up.

No Blockchain is safe from vulnerability it seems.
Sorry to all those who trusted and rely more on Zcash.

Bitcoin just feel more like the best bet after all.

A safe choice is not like a bet and in 2026 as well as future years, Bitcoin is and will not be a bet with anyone who considers Bitcoin as an investment asset and choose it for their investment portfolio building as well as plan their long term holdings.

Bets are with something very risky with high probability of loss, while Bitcoin is still risky but no longer has high risk of death so fortunately if you can hold your bitcoins for a long time such as 5 years and longer, profit is very guaranteed in my opinion.

With altcoins, including Zcash, if you choose them, you're a degen and bet your money with them.

Yes I cannot also classify Bitcoin as a bet when comparing it with altcoins because it is in it's own level at the very top , you can bet altcoins among themselves not with Bitcoin. I'm not quite surprised about Zcash, and all the drama that has unfolded, altcoins cannot totally be trusted no matter what, there will always be vulnerability somewhere and somehow hackers can take advantage to penetrate it.

If you're holding altcoins you should do so with small amounts that you can easily give away so that if anything happens to the project you wouldn't get a hearth attack over it. Bitcoin has proven that it can be trusted, it's network is very secured, you can hold Bitcoin and have a high level of trust that some hackers will not mess it up like we hear about these altcoins and exchanges.

[Byebyebtc]

Apart from the fact of inflation in Bitcoin, there is no other down side I think Bitcoin has,
It's reliable, even the volatility it's self is for balance. So I see no reason why one will not want to invest in Bitcoin, rather they choose to gamble with all these shit coins or go for ways to make money online that will later be of harm to them.
People have to understand the potential Bitcoin holds and has to be part of future reward

[X-ray]

When it comes to block chain technology Bitcoin is the king and most safest one. When it comes to saving money Bitcoin still leads the way because Bitcoin is free of any form of vulnerability when compared to other crypto currencies. Bitcoin is safe and Free from any form of threat making it one of the safest places to secure and store your money that, you will feel relaxed.

In 2010, someone exploited an integer overflow vulnerability in Bitcoin's code to generate a transaction that created 184billion BTC out of thin air. But luckily, the bug was discovered and patched within just a few hour. Since then, no similar vulnerability has been found and exploited. But that shows Bitcoin is not invulnerable and certainly not free from any form of threat as you claimed.

Bitcoin is the most secure blockchain, but that does not make it absolute.

At least decades later there is no meaningful exploit and I'm sure more people have been looking at the Bitcoin source code trying to find flaws and found nothing.

That exploit being found out at the early phase of Bitcoin is actually a blessing in disguise because it would be disastrous if it were to be found today.

It's not absolute but it is indeed the most secure blockchain.

[Bitcoin_people]

It's heartbreaking that such vulnerability can be found in something like Zcash, after many years since launch, it seems like years after years a new reason why Bitcoin seems like the only safe place keeps popping up.

No Blockchain is safe from vulnerability it seems.
Sorry to all those who trusted and rely more on Zcash.

Bitcoin just feel more like the best bet after all.

No software is completely bug-free, no matter how advanced the blockchain is, there is always a possibility of some kind of vulnerability. In the case of Zcash, since vulnerabilities have been identified, many will think that it is definitely not a safe place for users, but it depends on how quickly and effectively the developers resolve it. However, if we look at it from a security perspective, Bitcoin is the best option compared to all others.

[Iranus]

At least decades later there is no meaningful exploit and I'm sure more people have been looking at the Bitcoin source code trying to find flaws and found nothing.

That exploit being found out at the early phase of Bitcoin is actually a blessing in disguise because it would be disastrous if it were to be found today.

It's not absolute but it is indeed the most secure blockchain.

Although nearly 17 years have passed since then, no new security vulnerabilities have been discovered. But no matter what we say, the truth is difficult to bury, Bitcoin once had  vulnerability and it was exploited. It is not immune or invulnerable as many people are hyping it up.

Moreover, with the rapid development of technology and AI today. It is difficult to confidently claim that it will remain completely secure forever.

Nothing is absolutely safe, so we should not be complacent and place too much faith in a single thing. That's what I wanted to say.