6 safety concerns? - page 3. | Bitcointalksearch.org

Xxmodded

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Quote from: xvids on November 25, 2019, 05:03:16 PM

I think my only concern is the security of the hardware wallets.
Just imagine if those hardware wallets get penetrated then there is no such thing as a safe place for our crypto currency.
But other than that I think most of the problem is up to us to avoid just like scam it is our choice if we want to avoid it or be scammed most of us are too greedy that they would get scammed easily.

Agree when you use hard ware wallet for saving your altcoin assets, how ever is the best place very safety keep hold and save your altcoin assets although with long term holding, my friend have use hard ware wallet and their assets keep safety after for long term but for online wallet it safe but when you use wrong link you will lost your assets later.

sunsilk

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Quote from: Strongkored on November 23, 2019, 12:56:15 AM

My main concern is about security of my crypto wallet and also the security of the exchange account

This shouldn't be a concern for you anymore because you have grown well in cryptocurrencies and I think you're using a hardware wallet which is more effective for people that want stronger security.

And as for exchange accounts, there is 2FA that you can activate for the 2nd layer security of your balance. That's why whenever someone gains access to your account, they will hardly take your balance because you have activated the 2FA feature.

xvids

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I think my only concern is the security of the hardware wallets.
Just imagine if those hardware wallets get penetrated then there is no such thing as a safe place for our crypto currency.
But other than that I think most of the problem is up to us to avoid just like scam it is our choice if we want to avoid it or be scammed most of us are too greedy that they would get scammed easily.

SquallLeonhart

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Quote from: worldtraveller321 on November 22, 2019, 10:01:53 PM

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

When it comes to exchange, the most important thing is that you shouldn't store your cryptocurrencies on an exchange. From what I have seen these exchanges are not to be trusted with your coins because they can get hacked at anytime. The only exchange that has proven to have strong security is Coinbase, but I will still advise you to be careful with all of them, anything can happen. If you can store your coins yourself then you should that and make use of paper wallet or your hard drive, or hardware wallets. If you don't trust your safe in handling these, you can make use of Xapo's cold storage to store your coins.

As for scammers, you shouldn't trust anyone or any project easily. You should do proper research about any project before investing your money in it. One important thing to check is the team, you should get to know who they are and if they are active on LinkedIn or any other social media and have been active for a very long time and the people they have as connection, all these matters a lot and some people still don't check them.

Youghoor

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Personally, the only safety concerns I have ever thought of as to do with wallet protection and exchange platform account protection. These are the only media people can actually lose their Bitcoins and other cryptocurrencies. For scammers and integrity of content creators, you can easily avoid them compared to your wallet or exchange account getting hacked.

Dart18

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Scammers is one of my top priority when guarding myself.
They have been lurking around in shadows and just waiting for the right opportunity to abuse your weakness.

Specially with ICO threads here.
You will be shocked with a lot of messages that will be sent to you offering some deals which came out of the blue.
You don't even know a thing about their project and yet, they will offer something in return or other excuses just so it could look more inviting or you look like the winner in the deal.

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Quote from: Strongkored on November 23, 2019, 12:56:15 AM

My main concern is about security of my crypto wallet and also the security of the exchange account, for exchange security aside from the user (myself) it also depends on the exchange, that's why I hope someday DEX can replace CEX.
When open my exchange account I try to make sure many things, like the url, the browsers i use etc.

Try to use a easy to remember address in exchange and your transaction for much faster and secured crypto wallet. Having short and easy to memorize address will help you to prevent wrong sending of money for you to be able to avoid loss. Always check your browser and as soon as possible use other browser with private security and safe to use.

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Quote from: worldtraveller321 on November 22, 2019, 10:01:53 PM

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

1.-use always different passwords for different services.
2.-Avoid fraudulent sites.
3.-Always generate the addys ofline
4.-Never go first on a trade
5.-Never panic sell
6.-Try to not give my real data for a service (We could trust the service but when a site get hacked our data gets exposed)

abel1337

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Quote from: Reid on November 25, 2019, 10:48:24 AM

Should it really be 6 on the list? Grin

Scammers is what I am concerned by now.
When you go to telegram they are non stop.
They post different links in different groups and there are chances that they will PM you directly if they see you posting newbie questions in one crypto group.
All of a sudden you will have three or more guys pretending to be administrators.

Is that really difficult to make money nowadays? Or are they just really lazy to do the job? Grin

Scammer is existing on many different platforms, Even on real-life scammers are just scammers taking advantage of others.

I believe that we can't get rid of the scammer because it exists everywhere, It's just they find using blockchain technology is easier to use on scamming comparing to other platforms.

I think educating ourselves and controlling every activity is the key to avoiding these scammers.

Reid

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Should it really be 6 on the list? Grin

Scammers is what I am concerned by now.
When you go to telegram they are non stop.
They post different links in different groups and there are chances that they will PM you directly if they see you posting newbie questions in one crypto group.
All of a sudden you will have three or more guys pretending to be administrators.

Is that really difficult to make money nowadays? Or are they just really lazy to do the job? Grin

GideonGono

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Quote from: Eugenar on November 22, 2019, 11:34:57 PM

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.

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Quote from: worldtraveller321 on November 22, 2019, 10:01:53 PM

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.

zviadits

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Quote from: worldtraveller321 on November 22, 2019, 10:01:53 PM

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

Voland.V

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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.

airdnasxela

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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.

gantez

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Quote from: worldtraveller321 on November 22, 2019, 10:01:53 PM

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 .

Krislaw

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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.

pixie85

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Quote from: DreamStage on November 23, 2019, 01:35:24 PM

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

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

Quote

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.

Quote

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.

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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.

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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.

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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.

tianglistrik

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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

adaseb

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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.

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