Topic: Better than "GOLD" for criminals, BTC is easier to steal; Easier to scam; (Read 552 times)
September 16, 2021, 12:46:19 AM
Your conclusions of btc origin and secp256k1 backdoor resonated with me (FBI recovered Colonial Pipeline Ransom) and was curious what you thought of other elliptic curve alg like Ed25519 used for Monero?
July 29, 2021, 01:04:00 PM
This will always be a convenient material of all time, being a weakness of Bitcoin.
However, in every weakness, don't we also have to balance it by looking at the advantages offered by Bitcoin?
There are many other advantages possessed by Bitcoin compared to Gold or others.
And if it has succeeded and there has been mass adoption throughout the country, BTC can also be used as a global payment very easily, and now it has been valid. Not only that, investment in Bitcoin is also more tempting right? High Risks, High Profits here. So, let's start from ourselves, not only bitcoin but also all things, fiat money, and alin so on can also be misused for the actions of Criminals. Therefore, we will determine what Bitcoin is. Don't just judge what people are misused by people.
However, in every weakness, don't we also have to balance it by looking at the advantages offered by Bitcoin?
There are many other advantages possessed by Bitcoin compared to Gold or others.
And if it has succeeded and there has been mass adoption throughout the country, BTC can also be used as a global payment very easily, and now it has been valid. Not only that, investment in Bitcoin is also more tempting right? High Risks, High Profits here. So, let's start from ourselves, not only bitcoin but also all things, fiat money, and alin so on can also be misused for the actions of Criminals. Therefore, we will determine what Bitcoin is. Don't just judge what people are misused by people.
Are you saying that Bitcoin lacking materiality is a weakness of Bitcoin? I would argue the opposite way and say that Bitcoin being immaterial is the strongest property Bitcoin has. It gives Bitcoin unlimited mobility, almost unlimited divisibility, and many other positive characteristics that Gold never can achieve or obtain.
Scamming and ease of crime/stealing of gold too is happening around, but those being materialistic there is some form of physical work being done whereas with the stealing of cryptocurrencies the brain work is the key. Whether it is gold or bitcoin, it all depends on the way we keep it secure.
No it is not possible with gold because when you digitize gold the only thing you hold in your hands is a derivative, a certificate but not the real gold. That is very different from Bitcoin where you essentially hold the Bitcoin in your hands anytime and anywhere in the world as long as you are the only person possessing the private key to the respective unspent TXO.
July 28, 2021, 08:48:16 AM
not necessarily those guarded by many bodyguards are safe, and not easily stolen, the proof is that there are many large companies that are guarded by a lot of security but every year there is always a loss of their valuables, not necessarily those without guards are easy to hack, it all depends on ourselves how do we take care of all that, if we are good at storing it is definitely not easy to steal, because the security of bitcoin is in ourselves, but the security of other goods, there must be strict control..
when the criminal sees a guard it automaticaly tells them that there are valueables that can be stole inside but if we only hodl btc we dont need for guards because it easy to hide our btc than physical things like a gold but i guess this wont work if the criminal kidnaps , hold up or forces you to give what you have got , more if the criminal knows about btc and ask you for your private keys . if its our time its really our time . 
July 28, 2021, 08:42:59 AM
Is BTC easier to steal? How? How virtual thing can be easier to steal compared to the physical one?
You store gold at your house or somewhere in a real-life place. Since you do this, people are able to find it and even your relatives, those who live in your house can rob you. But when it comes to Bitcoin, it's an encrypted, digital wallet, where only you have access. If you are careless person, then doesn't matter whether you own a gold or bitcoin, you'll lose it anyway.
Also, if something bad happens around you, people can rob your house and find golds but they can't find bitcoins and can't steal them if you saved them well. Also, you can carry your bitcoins everywhere and no one will know it, while you can't go on boarders with your golds and you can't carry golds with you.
You store gold at your house or somewhere in a real-life place. Since you do this, people are able to find it and even your relatives, those who live in your house can rob you. But when it comes to Bitcoin, it's an encrypted, digital wallet, where only you have access. If you are careless person, then doesn't matter whether you own a gold or bitcoin, you'll lose it anyway.
Also, if something bad happens around you, people can rob your house and find golds but they can't find bitcoins and can't steal them if you saved them well. Also, you can carry your bitcoins everywhere and no one will know it, while you can't go on boarders with your golds and you can't carry golds with you.
July 28, 2021, 08:28:52 AM
This will always be a convenient material of all time, being a weakness of Bitcoin.
However, in every weakness, don't we also have to balance it by looking at the advantages offered by Bitcoin?
There are many other advantages possessed by Bitcoin compared to Gold or others.
And if it has succeeded and there has been mass adoption throughout the country, BTC can also be used as a global payment very easily, and now it has been valid. Not only that, investment in Bitcoin is also more tempting right? High Risks, High Profits here. So, let's start from ourselves, not only bitcoin but also all things, fiat money, and alin so on can also be misused for the actions of Criminals. Therefore, we will determine what Bitcoin is. Don't just judge what people are misused by people.
However, in every weakness, don't we also have to balance it by looking at the advantages offered by Bitcoin?
There are many other advantages possessed by Bitcoin compared to Gold or others.
And if it has succeeded and there has been mass adoption throughout the country, BTC can also be used as a global payment very easily, and now it has been valid. Not only that, investment in Bitcoin is also more tempting right? High Risks, High Profits here. So, let's start from ourselves, not only bitcoin but also all things, fiat money, and alin so on can also be misused for the actions of Criminals. Therefore, we will determine what Bitcoin is. Don't just judge what people are misused by people.
Are you saying that Bitcoin lacking materiality is a weakness of Bitcoin? I would argue the opposite way and say that Bitcoin being immaterial is the strongest property Bitcoin has. It gives Bitcoin unlimited mobility, almost unlimited divisibility, and many other positive characteristics that Gold never can achieve or obtain.
Scamming and ease of crime/stealing of gold too is happening around, but those being materialistic there is some form of physical work being done whereas with the stealing of cryptocurrencies the brain work is the key. Whether it is gold or bitcoin, it all depends on the way we keep it secure.
July 28, 2021, 06:17:29 AM
This will always be a convenient material of all time, being a weakness of Bitcoin.
However, in every weakness, don't we also have to balance it by looking at the advantages offered by Bitcoin?
There are many other advantages possessed by Bitcoin compared to Gold or others.
And if it has succeeded and there has been mass adoption throughout the country, BTC can also be used as a global payment very easily, and now it has been valid. Not only that, investment in Bitcoin is also more tempting right? High Risks, High Profits here. So, let's start from ourselves, not only bitcoin but also all things, fiat money, and alin so on can also be misused for the actions of Criminals. Therefore, we will determine what Bitcoin is. Don't just judge what people are misused by people.
However, in every weakness, don't we also have to balance it by looking at the advantages offered by Bitcoin?
There are many other advantages possessed by Bitcoin compared to Gold or others.
And if it has succeeded and there has been mass adoption throughout the country, BTC can also be used as a global payment very easily, and now it has been valid. Not only that, investment in Bitcoin is also more tempting right? High Risks, High Profits here. So, let's start from ourselves, not only bitcoin but also all things, fiat money, and alin so on can also be misused for the actions of Criminals. Therefore, we will determine what Bitcoin is. Don't just judge what people are misused by people.
Are you saying that Bitcoin lacking materiality is a weakness of Bitcoin? I would argue the opposite way and say that Bitcoin being immaterial is the strongest property Bitcoin has. It gives Bitcoin unlimited mobility, almost unlimited divisibility, and many other positive characteristics that Gold never can achieve or obtain.
July 27, 2021, 07:36:55 PM
This will always be a convenient material of all time, being a weakness of Bitcoin.
However, in every weakness, don't we also have to balance it by looking at the advantages offered by Bitcoin?
There are many other advantages possessed by Bitcoin compared to Gold or others.
And if it has succeeded and there has been mass adoption throughout the country, BTC can also be used as a global payment very easily, and now it has been valid. Not only that, investment in Bitcoin is also more tempting right? High Risks, High Profits here. So, let's start from ourselves, not only bitcoin but also all things, fiat money, and alin so on can also be misused for the actions of Criminals. Therefore, we will determine what Bitcoin is. Don't just judge what people are misused by people.
However, in every weakness, don't we also have to balance it by looking at the advantages offered by Bitcoin?
There are many other advantages possessed by Bitcoin compared to Gold or others.
And if it has succeeded and there has been mass adoption throughout the country, BTC can also be used as a global payment very easily, and now it has been valid. Not only that, investment in Bitcoin is also more tempting right? High Risks, High Profits here. So, let's start from ourselves, not only bitcoin but also all things, fiat money, and alin so on can also be misused for the actions of Criminals. Therefore, we will determine what Bitcoin is. Don't just judge what people are misused by people.
July 27, 2021, 07:17:21 PM
Bury a LB of gold in the Ground, and 1BTC private-key scratched glass; bury them together come back in 20 years, I can tell u which one exactly will have value, because its a historical fact. In 20 years from now this generation BTC will be a pet-rock artifact. BTC is based on SHA-256 an NSA tech with at best a 10-20 year shelf-life, ergo hashes will have been long de-hashed into public-keys easily solved by discrete-log supercomputers. The Secp256k1 algo to make the key into public ( also NSA ) will have long been hacked&cracked making all 2010 era Btc's worthless in the coming years.
That actually might be true, but currently Bitcoin is valued at $34,500 per coin, not by you, but by the free market which cannot be controlled by you. Plus wasn’t there a Satoshi quote that said, Bitcoin could either be very valuable, or worth nothing?
@Wind_FURY I know Satoshi has been suggested for the Nobel Prize in Economics, but I fear he won't be suggested for the Nobel Prize in Literature for his statement "Bitcoin could either be very valuable, or worth nothing"
Unless he refers to Bitcoin's utility in a very specific time and space relationship. If I was living on an island in a moment where there is no internet and no radio masts, Bitcoin would be worthless to me while it would be of value to others at the same time but in a different space! Let's assume he meant that, I'll suggest him for the Nobel Prize in Literature now! 
July 25, 2021, 07:07:46 AM
Bury a LB of gold in the Ground, and 1BTC private-key scratched glass; bury them together come back in 20 years, I can tell u which one exactly will have value, because its a historical fact. In 20 years from now this generation BTC will be a pet-rock artifact. BTC is based on SHA-256 an NSA tech with at best a 10-20 year shelf-life, ergo hashes will have been long de-hashed into public-keys easily solved by discrete-log supercomputers. The Secp256k1 algo to make the key into public ( also NSA ) will have long been hacked&cracked making all 2010 era Btc's worthless in the coming years.
That actually might be true, but currently Bitcoin is valued at $34,500 per coin, not by you, but by the free market which cannot be controlled by you. Plus wasn’t there a Satoshi quote that said, Bitcoin could either be very valuable, or worth nothing?
July 24, 2021, 11:03:43 PM
Better than "GOLD" for criminals, BTC is easier to steal; Easier to scam; PPL lock their gold up, keep their mouth shut, gold lasts forever;
PPL who play BTC, trade it on the exchanges, are just targets, and hardly whales or rich;
Of course Bitcoin is easier to steal than gold. Once you manage to get your hands onto the keys of someone, you can just transfer their BTC to your account and that's it. What are you going to do if you have the number to a safe within a house that you heard is said to have a ton of gold in there? You have to break into the house, kill the owner, open the safe, hope it's true, put the gold into a bag and try to disappear into the dark without getting caught. Now what are you going to do next? You need to sell that shit without getting caught again. Bitcoin does make stealing easier for sure.
July 24, 2021, 10:50:48 PM
not necessarily those guarded by many bodyguards are safe, and not easily stolen, the proof is that there are many large companies that are guarded by a lot of security but every year there is always a loss of their valuables, not necessarily those without guards are easy to hack, it all depends on ourselves how do we take care of all that, if we are good at storing it is definitely not easy to steal, because the security of bitcoin is in ourselves, but the security of other goods, there must be strict control..
July 24, 2021, 10:18:28 PM
Better than "GOLD" for criminals, BTC is easier to steal; Easier to scam; PPL lock their gold up, keep their mouth shut, gold lasts forever;
PPL who play BTC, trade it on the exchanges, are just targets, and hardly whales or rich;
July 24, 2021, 09:47:36 PM
Bitcoin and gold both have their own advantages and security risks.
we often hear about bitcoin hacking but it happens purely because of our own fault because we don't take good care of it and carefully, and so does gold which can be lost at any time for example due to robbery caused by our own negligence.
we often hear about bitcoin hacking but it happens purely because of our own fault because we don't take good care of it and carefully, and so does gold which can be lost at any time for example due to robbery caused by our own negligence.
HOW about reading the OP and responding to the assertions??
July 20, 2021, 04:08:19 AM
Just don't brag what you have right now because of bitcoin, if you really want to protect your self from such issue. Because you don't know what's usually happened to some people who exposed thier self owning bitcoin especially in public places , so if its possible to become anonymous all the time just do it for your safety.
And also when it comes scamming, well it's very common to be honest, wherein even in public places as well there are someone people trying to scam you facw to face, so how about online that most of people can hide their identity and can use fake information in order to scam other people.? All i can say is stay away from them such those unknown people who's offering and promising something, because that's the only way to prevent scam issues.
And also when it comes scamming, well it's very common to be honest, wherein even in public places as well there are someone people trying to scam you facw to face, so how about online that most of people can hide their identity and can use fake information in order to scam other people.? All i can say is stay away from them such those unknown people who's offering and promising something, because that's the only way to prevent scam issues.
Well the same for the fool who walks around telling people he has 'gold',
With GOLD of the fools have no gold, and I'm sure most of the people who talk about bitcoin, have no bitcoin.
July 20, 2021, 04:06:22 AM
Bitcoin and gold both have their own advantages and security risks.
we often hear about bitcoin hacking but it happens purely because of our own fault because we don't take good care of it and carefully, and so does gold which can be lost at any time for example due to robbery caused by our own negligence.
we often hear about bitcoin hacking but it happens purely because of our own fault because we don't take good care of it and carefully, and so does gold which can be lost at any time for example due to robbery caused by our own negligence.
U didn't read the OP, your not addressing the original issues of the OP.
July 18, 2021, 09:46:49 AM
If we go directly to the topic, then who said stealing BTC is easy?
Yes you can claim that stealing BTC from noobs is easy. If you don’t know how to protect your own coins, then don’t blame that the rest of the community also doesn’t know.
BTC was popular for his anonymity, and that’s what the criminals take advantage of.
But we can’t yell on BTC for it, if same process happens with Gold, then will you too say the same thing OP?
Waiting for community answers.
it's true what you said, it all depends on us, how we store it, if we are good at storing our bitcoins, surely our bitcoins will be safe, if someone says bitcoin is easy to hack, I don't agree, because even gold if we don't good at keeping it, will definitely be stolen by others..Yes you can claim that stealing BTC from noobs is easy. If you don’t know how to protect your own coins, then don’t blame that the rest of the community also doesn’t know.
BTC was popular for his anonymity, and that’s what the criminals take advantage of.
But we can’t yell on BTC for it, if same process happens with Gold, then will you too say the same thing OP?
Waiting for community answers.
As long as we keep Bitcoin in a safe place with a good security system, and be careful with other people who offer something promising. Our Bitcoin
should be safe and not easily hacked, usually people who are often exposed to fraud and their Bitcoins are successfully hacked, because it does not
keep the Bitcoin it has properly. Actually not only Bitcoin, Gold and fiat are easy to steal if the owner doesn't store them in a safe place and guard
them carefully. I agree it all depends on us, don't blame Bitcoin.
July 18, 2021, 09:17:11 AM
If we go directly to the topic, then who said stealing BTC is easy?
Yes you can claim that stealing BTC from noobs is easy. If you don’t know how to protect your own coins, then don’t blame that the rest of the community also doesn’t know.
BTC was popular for his anonymity, and that’s what the criminals take advantage of.
But we can’t yell on BTC for it, if same process happens with Gold, then will you too say the same thing OP?
Waiting for community answers.
it's true what you said, it all depends on us, how we store it, if we are good at storing our bitcoins, surely our bitcoins will be safe, if someone says bitcoin is easy to hack, I don't agree, because even gold if we don't good at keeping it, will definitely be stolen by others.. Yes you can claim that stealing BTC from noobs is easy. If you don’t know how to protect your own coins, then don’t blame that the rest of the community also doesn’t know.
BTC was popular for his anonymity, and that’s what the criminals take advantage of.
But we can’t yell on BTC for it, if same process happens with Gold, then will you too say the same thing OP?
Waiting for community answers.
July 18, 2021, 09:12:44 AM
Just don't brag what you have right now because of bitcoin, if you really want to protect your self from such issue. Because you don't know what's usually happened to some people who exposed thier self owning bitcoin especially in public places , so if its possible to become anonymous all the time just do it for your safety.
And also when it comes scamming, well it's very common to be honest, wherein even in public places as well there are someone people trying to scam you facw to face, so how about online that most of people can hide their identity and can use fake information in order to scam other people.? All i can say is stay away from them such those unknown people who's offering and promising something, because that's the only way to prevent scam issues.
And also when it comes scamming, well it's very common to be honest, wherein even in public places as well there are someone people trying to scam you facw to face, so how about online that most of people can hide their identity and can use fake information in order to scam other people.? All i can say is stay away from them such those unknown people who's offering and promising something, because that's the only way to prevent scam issues.
July 18, 2021, 08:59:42 AM
bitmover has already answered the concerns raised by the OP. One question to the OP - if Bitcoin is so attractive to the criminals, then why the usage of BTC for illegal purposes is going down? And increasingly we are hearing reports about BTC from criminal proceedings seized by the authorities. BTC may be easier to use, but it is not anonymous and can be traced back to the individual with some effort. That explains why fiat cash remains the preferred medium for the criminals. And regarding the SHA-256 Algorithm - it will remain safe for the next two decades at least. If needed, the developers will issue a hard fork and move to a more secure algorithm.
July 18, 2021, 08:53:22 AM
The problem today is that the entire BTC narrative is ran by bullshitters and promoters to keep the ponzi alive, like 99% of the paid comments & posts on this forum by to 'influencers' by scammers;
The majority, yeah, I'd agree. But you're unfairly ignoring the good work done by quite a lot of good, very smart people out there, some even on this forum. I learnt a lot from people I met here, and I've learnt to steer clear away from most of the subforums that aren't Bitcoin.
You know what, though? It's not a very different scene than from 20 or 15 years ago with all these digital money ponzis and HYIPs. Don't be mad at Bitcoin, be mad that there's always a scammer out there, and fools are born every minute, so they'll always have plenty to feed on.
Digitalise gold and you'll get the gold bugs falling for the same tricks.
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