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Topic: Better than "GOLD" for criminals, BTC is easier to steal; Easier to scam; - page 2. (Read 604 times)

copper member
Activity: 2156
Merit: 983
Part of AOBT - English Translator to Indonesia
Yes lot of scam is comes in crypto and this maybe one of reason people scare about this technology but this can be pretended when we educate ourself and so many platfrom like coinmarketcap learN binance learn and many more will make us more smarter.

I saw many scam is actually comes from new innovation like defi or nft coin which is pretty new on earth

So the keys is educating yourself always #DYOR and #DWYOR and keep your coin on hardware wallet 😎

And you can easir avoid scam
member
Activity: 630
Merit: 10
rocket.hashbon.com
I think all investments have their own risks. Likewise with btc, btc investment is a profitable investment but if you are not careful it will be dangerous too. Lots of fraud and theft in it. For example, if we are not careful our assets can be stolen or we follow a scam project, of course it will make big losses. So it would be better if before joining the world of cryptocurrency we should study it well where if we make a decision we will not go wrong. Btc is a crypto that has good prospects to invest in. The skyrocketing price makes investors get big profits. So I think if you want to be a successful investor, you have to be patient and smart in understanding the market.
full member
Activity: 1750
Merit: 118
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;
your comparing two different scenarios. the first one is investing and the other one is trading but you think gold is more safer when traded face to face?  your life will be at risk but trading with btc is safe because it can be done online without going outside your house.


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.
dont forget that more and more people are now discovering btc and the more years will pass the more the value will be added into btc .
full member
Activity: 477
Merit: 100
But the advantage is bigger than the disadvantage. Bitcoin can make the growth of economy increase faster. Bad people use anything to do their crime activity. Those criminals can't prevent law enforcement to do their job only because they use bitcoin. I want to become a person who keep moving forward rather than a person who keep afraid of changes. We may have different opinion, I respect your thoughts.
full member
Activity: 812
Merit: 108
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;
An honest angle, Gold is not better than bitcoin in this scenario, Gold is easy to lose and consume, bitcoin is not easy, how do you login his wallet, it is difficult to consume bitcoin otherwise must be the owner. It is similar to a person sending bitcoins to the CEX exchange, imagine if they die, will their bitcoins be easily absorbed / stolen?
sr. member
Activity: 882
Merit: 252
in the handle maybe bitcoin is easier than gold because it is very difficult to be stolen by bad people, and for honest people we can take bitcoin anywhere even when we want to go abroad without the knowledge of bad people who want to steal ours , and this is very different from gold which looks easier for people with malicious intent to steal our gold, so that's where the advantage of bitcoin is that it is easy to carry anywhere when we go anywhere
member
Activity: 182
Merit: 30
Being a Bitcoin user for more than a decade, my only question here is this - if Bitcoin is tailor made for the criminals, then why 99% of them are using fiat currency instead of BTC? And compared to the situation we had when dark markers such as Silk Road and Alphabay were running, now the proportion of BTC transactions that can be linked to the contraband trade has plummeted. One of the reasons is that the criminals no longer regard Bitcoin as a "safe" medium. They don't prefer a currency, where each and every transaction is stored in the blockchain.

Why does everybody not read the OP rather than just spouting 'company line' based on the title of post? I have not yet seen a single commenter having shown any sign of having read the OP
member
Activity: 182
Merit: 30
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.

U didn't even read the OP, that's what I think; You created your own straw argument based on the 'title line' and then answered it. In my op I gave specific examples of which you chose to ignore, surely because you didn't read the post.
legendary
Activity: 2422
Merit: 1140
duelbits.com
Bitcoin is your digital decentralised finance and it's one of the most secured crypto at this time because you hackers can't brute force and gain access to your keys it's only easier to steal when you are dumb enough to loose it otherwise it's not possible at all.
Agree. It is basically quite secure, who makes it is easier to steal is ourselves. If we are careful to store it and keep the private keys in a proper way, then stealing our BTC will be very difficult. Commonly, hackers look for careless BTC users who store their BTC in haphazard ways. But, there are also smarter hackers who try the chance to steal BTC from exchanges by analyzing the weaknesses of the security system. However, hackers only can get access if we give them the chance. So, minimize the chance for the hackers to get access to our BTC wallet address.

full member
Activity: 966
Merit: 102
I totally agree with your opinion, all control of bitcoin is in our hands, if we are good at storing all the data we have, and successfully storing the keys we have, I think it is difficult for others to take what we have, it all depends on ourselves we ourselves, gold is good, but gold also has drawbacks, if we are not good at keeping the gold we have, they also easily hack what we have, gold and bitcoin have their respective advantages..
That is so true that whether gold or Bitcoin, the owners are the one who are responsible for its safekeeping. Criminals will always be there and will always think of ways to succeed in their bad intentions. So, regardless of what asset a person is holding, if one cannot guarantee its utmost security then it can be stolen. Maybe some think that since cryptocurrency is digitalized, wherein digitalization hacking situations are rampant, that is why they think that it can be easily stolen and scammed.
sr. member
Activity: 1204
Merit: 272
1xbit.com
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.
hero member
Activity: 1904
Merit: 510
Bitcoin is your digital decentralised finance and it's one of the most secured crypto at this time because you hackers can't brute force and gain access to your keys it's only easier to steal when you are dumb enough to loose it otherwise it's not possible at all.The criminals will not prefer to use it because they are smart unlike you because they know it's not full anonymous and you can still trace the transaction but you may have seen most of the illegal works being carried out by making fiat deals or gold bars.But you can't always blame a currency which is capable of providing your financial freedom if your are positive enough to look at it.
I totally agree with your opinion, all control of bitcoin is in our hands, if we are good at storing all the data we have, and successfully storing the keys we have, I think it is difficult for others to take what we have, it all depends on ourselves we ourselves, gold is good, but gold also has drawbacks, if we are not good at keeping the gold we have, they also easily hack what we have, gold and bitcoin have their respective advantages..
full member
Activity: 868
Merit: 150
★Bitvest.io★ Play Plinko or Invest!
~

COINBASE is OWNED by the IRS; They have already banned 'tainted' aka mixed coins; The FBI, NSA, and almost all Gov's on earth have now had +10 years to study and develop tech to track everything about bitcoin, especially given that +90% get in&out of BTC via the exchanges which like COINBASE have already setup 100% KYC.
Exactly what you are talking about? Your sentences and structure don't make sense to me even though I have read it two times which wasted my time.
member
Activity: 1120
Merit: 68
I don't think that it's easy to do that anymore, remember that scammers have already been caught by the authorities even though they used bitcoin as a form of ransom for their attack. I wouldn't say that bitcoin is the gold for criminals, I think the privacy coins are the more likely candidate to be called a gold for criminals but even that isn't safe anymore because organizations and tech firms are trying to destroy them by trying to find patterns.
full member
Activity: 1834
Merit: 166
Bitcoin is your digital decentralised finance and it's one of the most secured crypto at this time because you hackers can't brute force and gain access to your keys it's only easier to steal when you are dumb enough to loose it otherwise it's not possible at all.The criminals will not prefer to use it because they are smart unlike you because they know it's not full anonymous and you can still trace the transaction but you may have seen most of the illegal works being carried out by making fiat deals or gold bars.But you can't always blame a currency which is capable of providing your financial freedom if your are positive enough to look at it.
member
Activity: 1218
Merit: 49
Binance #Smart World Global Token

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;

Well, I do agree with your comment. Without going into the technical nitty-gritties, I can say that bitcoin has made the life of a scammer much easier. Now they don't have to worry about going through the banking channel to launder money or to receive the criminal proceedings. This statement is not only true for bitcoin but for other cryptocurrencies which has enough liquidity available. So there is no surprise that the cyber criminals are trying to use cryptos only. Much easier to receive the dirty money and much easier to hide from the eyes of enforcement agencies.

But, that doesn't make bitcoin look bad. Right now bitcoin is a hot topic so people are using it and promoting it. It one fine morning, if we find something hotter, we will move to it. That's the normal flow of life.

Bitcoin can be considered as a two-edged sword...it is bringing many new possibilities but also some disadvantages and weaknesses that criminals or evil people can use to exploit. Hackers are evolving with the time and when they are seeing a good opportunity they rush into it like a blood-sucking worm. On the other hand, there are also disadvantages for criminals to be always using cryptocurrency because the record of all transactions are permanent and if there can be a way to track the owners of those wallets then they can be facing a big problem. The bottom-line is that there is no such a thing as a perfect system or a perfect investment for that matter...and why we might ask? Because of human nature. Nobody is proclaiming that Bitcoin is perfect...no it is not but neither is gold.


hero member
Activity: 2478
Merit: 695
SecureShift.io | Crypto-Exchange
Very easy to to steal btc by scammers than steal gold indeed, since I have been part of crypto I have come across many scam issues from different users and hardly has any of those stolen btc where refund to the owners, several times people will fall into scam and they will lose their funds so easily by just clicking the wrong link but if it where to be gold i doubt it will be that easy, any little mistake with wallet and keys and can be very detrimental to one's funds.
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
Wow... the stupidity of some of these shills (Goldbugs) are seriously funny.

OP, have you ever heard about ......"Metal detectors " ..... those devices that can detect Gold or any other metal? Also, while that Gold is hidden under ground, it is useless. (....or are you going to dig it up, every time you want to buy something.. Grin Grin Grin)

Also, Gold is not practical.....  If you want to make online transactions, you have to sell some Gold coins or Gold bars and then transfer that money to a Bank account and then make online transactions.  Roll Eyes

Bitcoin can be stored on laminated paper / carved in Stainless Steel .... or even on a Gold bar... if you wanted to do that. (I can store say.... $100 000 000 worth of Bitcoin on a piece of paper.... where are you going to hide that amount in Gold?)  Roll Eyes

Ps... The NSA do not print money.  Cheesy
member
Activity: 182
Merit: 30
You become a target if you're too vocal about owning bitcoin in public places. You don't have to tell everyone that you're into bitcoin.

And about being scammed, everywhere there is a scam and it's not only in the bitcoin community that has scams. But also in real life, there are scams and hacks.
Exactly, thank you for saying this. If you are flexing your money in social media platform and you always have it on topic when you are talking to someone then you are going to meet someone that will also tell it to others until the stories found it's way on a malicious person. But OP is right that it's much easier to steal bitcoin than gold since there's no manpower needed unless there's a security that you need to breach, most things stolen nowadays are digital anyway.
Well for stealing bitcoins.

If you don't usually connect your seeds/private keys to the web and you've got your own cold storage, you're unlikely to be hacked.  

There were those people that have been hacked and their bitcoins were stolen because they've never been secure and didn't do the basics of keeping their keys safe and probably signs up for a phishing site.

Most stealing takes place on the exchanges, where most people hang out 'day-trading' the number of whales in cold-storage is probably close to 1 or 0 on this dumbed down message board.

In time once sha256 & secp256k1 are easily attacked then all high value accounts will be attacked, followed by low value, I would agree if your address has < 0.001 btc then your probably safe.
member
Activity: 182
Merit: 30
So BTC has become the GOV control freaks nirvanna, like a heaven for arseholes.

let me guess why you're angry:

1 - you bought bitcoin on high and now you are at a loss and decided to cry here on the forum

or

2 - you invested in gold and spent the whole year and made a miserable profit and saw the high price increase that bitcoin had and how people made a high profit investing in bitcoin and now you came to cry on the forum because you are jealous

jeebuz, let me guess your in prison right? They gave you a computer so you earn $$ by talking up bitcoin, by the post;

why is everybody crying? or at a loss?

Who miserable other than yourself

I'm just talking facts, no emotion or 'feelings' required.

Jealous of what morons? Do u understand that the average moron owns like 0.0033 bitcoin or about $1k to their name in btc? Who is jealous of  what?

When all of you head for the exits at the same time to sell, see how much you walk away with.
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