Topic: 6 safety concerns? - page 4. (Read 722 times)
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.
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.
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.
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.
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.
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.
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. whether it be like scammers? wallet protection? exchange protection ? integrity of content creators?
lets hear it . and why you think its a concern
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'
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'
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.
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.
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. 
To be real there is only one fear that I have in the bitcoin industry. It is security, specially on exchange sites where we use to trade. Wallet security is not that of a problem since there are tons of hardware wallets out there. The main concern is exchange securities, yes you can store thousands upon thousands of bitcoins in hardware wallet but what can you do to make it grow? trade it. And by doing it so you're risking your bitcoin both on trading and exchangers power to secure your funds.
Well my focus would be on the use of safety cryptocurrency wallets, exchange platforms to ensure that crypto enthusiasts have their funds saved in places where hackers can't have access to their funds. Also, if we can have some monitoring systems in the industry that can help flag scammers and their schemes to lure crypto starters of their hard earned funds.
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.
I guess being scammed shouldn't be our fear since we can prevent it by avoiding too good to be true deals. If something guarantee you a 100% ROI then it could be scam. What I'm really bother me is what if one day, my wallet gets hack even I take every precautionary measure that I can, this thing is unavoidably circumstances and bu far a nightmare for every traders.
I fear only in the part when accessing my wallet, at times like that I always try to be careful, a little mistake could have the funds in my wallet lost.
And the feels like you mistakenly copy paste your address, then everything mess up. 
1. Exchanges - how the governments and the companies operate in the upcoming years is going to have a big impact on the future, and we are definitely going to see the future shaped by how they work, the constant hacking and user breaches need to stop, it just can't happen.
2. Decentralization/adoption. Will we ever see bitcoin reach good usability, even when the coin is quite unstable?
3. Business use-cases, how are companies going to work with bitcoin, are they going to use it as a payment method, etc, etc?
2. Decentralization/adoption. Will we ever see bitcoin reach good usability, even when the coin is quite unstable?
3. Business use-cases, how are companies going to work with bitcoin, are they going to use it as a payment method, etc, etc?
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
My safety concerns right now was those people who are very easy to trust on those new exchangers because nowadays there is so many exchangers that are scam in which if you put your money in the exchangers and at first you can get your money but if you put a large amount of money, the exchanger platform will shutdown and thr system will be down, there is so many exchangers that are like that who are scam exchangers. Another concern I want to share to the people for them to be aware was those people are those scam projects in which if the projects become failed then the investors and the supporters of the said project will be already scam by those developers of the project. whether it be like scammers? wallet protection? exchange protection ? integrity of content creators?
lets hear it . and why you think its a concern
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
do we really need to explain why those are concerning us?example those mentioned by you is all the most concerns of each cryptonians you know why?whether it be like scammers? wallet protection? exchange protection ? integrity of content creators?
lets hear it . and why you think its a concern
Simply because this involves our Money,our hard earned so tell me why we dont need to pay much concerns?
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
Mainstream adoption - it's pretty obvious the strongest 2 countries (China, America) don't really like a lot of crypto-currencies, even ones like stablecoins that can be controlled by an entity, and we'll reach a spot where we can't move up if these countries put up walls.whether it be like scammers? wallet protection? exchange protection ? integrity of content creators?
lets hear it . and why you think its a concern
Security, when it comes to exchanges is going to be a pretty big issue, I'd like to see how governments and countries implement policies and try to deal with it in the future, it's definitely going to be interesting.
one of the security problems that I often encounter in cryptocurrency is about hacker attacks,
they like always have a new way to steal or break into other people's assets.
as long as security can still be attacked by hackers, then nothing is safe for cryptocurrency,
but maybe except for one, an offline wallet, like Trezor and Ledger Nano.
they like always have a new way to steal or break into other people's assets.
as long as security can still be attacked by hackers, then nothing is safe for cryptocurrency,
but maybe except for one, an offline wallet, like Trezor and Ledger Nano.
Especially if you are exposed to messaging platforms such as telegram, you need to increase your security in terms of keeping up with people you know and if not and you really need to talk to others, make sure to filter messages. Any message that involves an investment platform where you need to pay or invest amounts of money should already alarm us for the safety of our funds. I was once chat an unknown person he just sends a message concerning investment through bitcoin mining. At that first what I need is ask him about the concept of mining and I figured out he's a scammer because of the lack of knowledge he has in mining. But we should still be cautious because even a knowledgeable person might scam us.
Scamer and Hacker is a problem for me.
Scamer continues to exist even until a new project is started with a scamer I don't know how this is how to overcome it. Clearly, scamer makes investors angry to see it often they invest ends up scam.
Hackers are the most feared because they often break into assets even though the situation is safe, many exchanges are broken by hackers so I am still afraid of this hacker's situation.
I also feel the same way, we can't easily avoid them particularly these days because they are using different techniques and strategies to deceive us like making us believe with their sweet lies. It is one of the reason why some of us are falling into some sort of scam, we are just keep on believing without even reassuring that our funds and assets are safe. Just like any of you, I have also experienced it and I have lose a lot of money by investing into scam projects. I ended up feeling remorse about it but it makes me realized of my mistakes and I have learned something from it, if you are in doubt about investing but you wanted to try it then you should have some research first to make sure or you can ask other people's opinion and thoughts about it so you can assure yourself that you are not going to experience it again. It becomes a major problem for me because I know that as the day passes by, a lot of us are getting scammed or hacked and maybe because some of you don't have enough understanding about the possible challenges or problems that you might encounter here. Investing is speculative and if you don't have enough knowledge about it then expect that there will be some people who will take advantage of your situation. Scamer continues to exist even until a new project is started with a scamer I don't know how this is how to overcome it. Clearly, scamer makes investors angry to see it often they invest ends up scam.
Hackers are the most feared because they often break into assets even though the situation is safe, many exchanges are broken by hackers so I am still afraid of this hacker's situation.
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