Can bitcoin be a more secured way of handling cash? - page 4.

pinoyden

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Quote from: wantjokull on November 26, 2017, 11:25:14 PM

Quote from: Crapz23 on July 09, 2017, 05:34:53 PM

There's been news going around saying that you need to put in a certain address to able to steal that account. I was wondering if that's fake and bitcoin is a secured way of handling cash.

Probably the most fake news I have heard up until now and that is too from you here in this thread. I don't think that anything can be done like that. Our wallets are secured with so many security measures such 2FA authentication, combination password and much more if you keep adding. Few ERC20 standard wallets are secured with the keystone file, passphrase and private keys. The combination is most hard thing we may be able to break. So no, I don't think that by just putting some address you will be able to hack it. It will just give you error that its wrong key. :-)

i think they are reffering to private keys and not an actual public address because it is really possible too be hacked and emptied your balance if you carelessly input your private keys on some unkown websites or phising sites that is build to potentially scam users and steal their available balance but public addreses cant be hack because it is meant for public to be able to recieve coins from another users. also there were other cases like viruses, trojans and malwares that can also hack and steal you accounts personal info's therfor you must be extra cautious when dealling business online and much better if you can avoid those shaddy and unkown sites or files that are not trusted or officially verrified.

sumangs

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If you think that your bitcoin wallet is tightly secured then it is more secured way to handle cash. Plus you lose nothing when you are caught by thieves since your money is secured online.

racham02

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Bitcoin is safe and more secure way of handling cash because there are no issue about hacking, its is imposible to hack your money because he has a password that he can not hack. bitcoin is safe when it comes to money

ajmapalo22

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Yes I think bitcoin is one of the best way to handle cash it is secured that even your personal information are hidden whenever you make transactions, also so far I haven't heard someone complaining their account was hacked and steal all their bitcoin unless they carelessly missed their pass key because the encryptions used by bitcoin wallet are really tough and secured.

horsedack

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Thinking Bitcoin is a secured way for your capital isn't right. High risk equal with high profits and Bitcoin is high risk.

shezu007

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of course bitcoin is more secure to handle cash because you can lost your cash in many cases while if you convert your cash in bitcoin then nobody can steal your bitcoin from you wallet. it is the best way to convert all the cash to bitcoin and use them when you need and use only that amount that you need really.

misterj

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In my opinion. Bitcoin is not safe at all same as handling cash but handling bitcoin is much more profitable than handling cash. both offers security but both same experience problem such as attempting to destroy their security since it is money, it is what people need to survive. Keeping it safe would be a problem that is why some suggest to dissipate or distribute their savings so that it is unlikely to happen for your money to vanish and experience bankruptcy.

okala

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Quote from: Crapz23 on July 09, 2017, 05:34:53 PM

There's been news going around saying that you need to put in a certain address to able to steal that account. I was wondering if that's fake and bitcoin is a secured way of handling cash.

there is no system that is proff from evil and any financial system can be hack. I have also come across such thread online and I think there are fake. To be able to steal money or coins from any wallet you must have a passkey or secret code of that wallet and if you expose your passkey? any hacker can steal your coins but if you did not expose your passkey no one can steals your coin by just submitting it on they sites.

supermam

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Yes i agree that Bitcoin is more secured way of handling cash rather paper money just because you can avoid snatchers you can do your transactions in paying bills and do online shopping with Bitcoin

Coral27

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Quote from: macchiato on November 02, 2017, 10:24:10 PM

Do you mean BTC address? If that's what you mean then no. Those addresses are used so you can make transactions. They are meant to be given publicly (or to your sender) without the fear of being hacked. Just make sure that you won't give your address together with your private keys because that would be very foolish Huh

. Keep your private keys. Don't let anyone have access to your personal phone or pc as much as possibble and your safe from being hacked.

bitcoin is much more secure then cash you can carry bitcoin with yourself any time any place so I think bitcoin we need to move toward bitcoin because you can buy things and you can also pay your all bills even you can invest and also you can do your daily trade here so bitcoin have a lot of good opportunity which I think it’s not available in any other currency so I prefer bitcoin instead of cash because it help me a lot.

charmaine08

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Yes for me it is better to hold a bitcoin than a cash. , Just secure your password so no one can steal your bitcoin .

Layonk

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Quote from: Crapz23 on July 09, 2017, 05:34:53 PM

There's been news going around saying that you need to put in a certain address to able to steal that account. I was wondering if that's fake and bitcoin is a secured way of handling cash.

Actually i can not really understand what you will try to say.
Cash and bitcoin as virtual is different thing.
But if you concern about steal, i think you wanna say keep cash by buying is secure or not.
I think its secure if you can store your password and key in safe place.

elash

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Quote from: Crapz23 on July 09, 2017, 05:34:53 PM

There's been news going around saying that you need to put in a certain address to able to steal that account. I was wondering if that's fake and bitcoin is a secured way of handling cash.

For me is yes, why? Because in bitcoin you can withdraw it in time it's needed unlike in saving there is a possibilities that you can spend the money in thing that are not needed though in bitcoin is very helpful because we can learn how to budget the the enough money and of course a lot of people in today's is thief they will stole your money even it is deposited in bank or not. In that way in bitcoin we can learn to implement the secured way in cash handling.

ivrynx

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From what i see, bitcoin is much safer than banks, since we are the ones that is responsible for making our wallets safer, we also have 2FA and our identity will remain anonymous as long as we do not give out our identity, however for banks, there are no security passwords, but our signature, which can be forged by an expert, and that is a threat also banks are receiving cyber threats that can lead into hacking, thus putting our money at risk.

chineseprancing

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For me holding bitcoin is much safer compare to holding cash, because holding bitcoin in the wallet is like investment that increase everyday depends on the fluctuation of bitcoin in the market. The only risk of bitcoin is when you discuss you password to other people.

While holding cash was not fluctuate their price if you can't keeps it in the bank. Moreover the threat in the cash is only intruders that want to stole your money hold.

wantjokull

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Quote from: Crapz23 on July 09, 2017, 05:34:53 PM

There's been news going around saying that you need to put in a certain address to able to steal that account. I was wondering if that's fake and bitcoin is a secured way of handling cash.

Probably the most fake news I have heard up until now and that is too from you here in this thread. I don't think that anything can be done like that. Our wallets are secured with so many security measures such 2FA authentication, combination password and much more if you keep adding. Few ERC20 standard wallets are secured with the keystone file, passphrase and private keys. The combination is most hard thing we may be able to break. So no, I don't think that by just putting some address you will be able to hack it. It will just give you error that its wrong key. :-)

magnum357

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I have no idea about putting address to steal an account,i think bitcoin is the strongest secured than the bank you cant steal an account by putting address you can buy secured private and have a password so that you account will more have strong protection.

naily

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Quote from: Crapz23 on July 09, 2017, 05:34:53 PM

There's been news going around saying that you need to put in a certain address to able to steal that account. I was wondering if that's fake and bitcoin is a secured way of handling cash.

bitcoin has been created with a layered security system so it's very difficult if someone tries to steal your account

Inkdatar

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Quote from: michellee on November 03, 2017, 05:50:36 PM

Quote from: macchiato on November 02, 2017, 10:24:10 PM

Do you mean BTC address? If that's what you mean then no. Those addresses are used so you can make transactions. They are meant to be given publicly (or to your sender) without the fear of being hacked. Just make sure that you won't give your address together with your private keys because that would be very foolish Huh

. Keep your private keys. Don't let anyone have access to your personal phone or pc as much as possibble and your safe from being hacked.

that is right and as long as you only give your wallet address then you are safe from the hacker but if you show your private keys to other people then the chance from being hacked is wide open. just save your private keys in the safe place and never tells to other people and its better that you have many of bitcoin wallet and you spreads your balance into other wallet. you have your own bitcoin and only you that have the access of your bitcoin wallet so be careful.

Yes, bitcoin is safe and secured no one will access it as long you have your own private keys. It will hackes by someone once you lost your private keys and you dont have access on it. Bitcoin is our property and we should take care of it.

michellee

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Quote from: macchiato on November 02, 2017, 10:24:10 PM

Do you mean BTC address? If that's what you mean then no. Those addresses are used so you can make transactions. They are meant to be given publicly (or to your sender) without the fear of being hacked. Just make sure that you won't give your address together with your private keys because that would be very foolish Huh

. Keep your private keys. Don't let anyone have access to your personal phone or pc as much as possibble and your safe from being hacked.

that is right and as long as you only give your wallet address then you are safe from the hacker but if you show your private keys to other people then the chance from being hacked is wide open. just save your private keys in the safe place and never tells to other people and its better that you have many of bitcoin wallet and you spreads your balance into other wallet. you have your own bitcoin and only you that have the access of your bitcoin wallet so be careful.

Topic: Can bitcoin be a more secured way of handling cash? - page 4. (Read 2500 times)