Topic: 6 safety concerns? - page 5. (Read 722 times)

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.

Currently the most feared and have made too much worry is the scammers covering all crypto transactions. true colleague said above that many fake projects that also make fraud and make us careless and looking for loopholes to cheat. security improvements have been made but there are still many who look for loopholes in the behavior of individuals who are easily enticed by certain prizes so that they are careless.

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. for other things I can still handle it, because I continue to make progress on myself, especially when facing a new project

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.

1.) Decentralization - I'll get a lot of flak for this but the reason you do not have mainstream adoption is that when everything hits the fan, there is no government to bail out the currency. You do not see commodities like gold, oil, ect. being used for day to day transactions. They're used as investments. For that reason Bitcoin doesn't have a place as replacing fiat currency and therein lies the safety issue. There is no back up. If  Bitcoin is thrown through a loop or manipulating, everyone suffers.

2.) Exchange sites. Most exchange sites rob you through use of fees or take in an absurd amount of personal data which could be data mined or breached for malice. Ordinary users are not ever going to look into these exchanges to swap out fiat for Bitcoin which slows down the adoption process. This isn't even getting into account breaches and network hacks like we saw in Mt. Gox

3.) Unpredictability. Mentioned earlier, you destabilize the currency and there is no central authority to save it. This effects poor people more tan anything. People living in poverty or near the poverty line cannot settle with losing 10-20 percent of their income within a moment's notice. They need stability in their paycheck and there is no guarantee of stability with crypto's. The fluidity of Bitcoin's price does not make it attractive.

4.) Irreversible reactions. Way too attractive to scammers and other actors engaging in nefarious or illegal activities.


Those are some. There's plenty more but those are four main security concerns. To be clear, I'm not saying I would agree with all four but those are the most common arguments against crypto's.

In my opinion, for the time being, the problem of scammers is more and more and almost mastering fake projects that make investors experience a lot of losses. Many projects are not able to develop due to scammers, so investors no longer want to invest and choose to have their share of the exchange. even so, that doesn't mean other security isn't important. Exchange security and wallet protection also need to be noticed and increasingly enhanced. Many hackers do by hackers to take all the assets in their personal exchange wallet.

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.

I honestly have no definite fears apart from bitcoin not holding value for too long. That's not a major concern though it has posed to be one especially to us invested heavily into crypto. Security wise into the code and into the protocol, I don't think there's something particularly scary nor alarming. Quantum computing may have been birthed, though its implications would not be seen perhaps in a couple more centuries to come, especially with CPU manufacturers having a problem into continuing with Moore's law, with the latest chips in commercial production still at 7nm.

I don't have much problems with scammers. You know one when you find one. Wallet protection is a concern but only concerning my hot wallets and exchange wallets. That is related to my concern that hackers will successfully break the security protection of my wallet and exchange. I am not concerned about the developers with no integrity. They are like scammers. They will not succeed. I am more concerned of the people who are not thinking enough and fall to these scammers.

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

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