Topic: Crypto at a point becomes 'indecipherable' [new] (Read 175 times)

Its been said a few times now, but there being no centralised figure that owns or runs Bitcoin, means that employment would have to be a community run scheme, which seems unlikely. Instead, the better alternative would be funding further education to Bitcoin users to improve their security, and privacy knowledge.

The thing is, not only would it be an expensive endeavor, but it would likely be ineffective to some degree, if Bitcoin has a vulnerability, its usually patched out fairly quickly because we have Bitcoin developers who are dedicating their time for free. If we wanted more people involved, which I believe at this point is unnecessary, we would either need to advertise for people to potentially volunteer like the existing developers or hire them through a community led fund. However, the latter introduces a whole lot of problems, and would likely be detrimental to the development of Bitcoin. Bitcoin is open sourced, people contribute because they care about it, not because they're being paid to do so.

Bitcoin is pretty secure, there's been no major issues for a while, and when there has been they're usually patched out quickly. What you're talking about is the fact that companies such as exchanges should be employing security experts to secure their own platform, which you would be correct, they should be doing that, and I believe most of them do have a cybersecurity department. Although, we can't control what these companies do, the only thing we can control is who we used as an exchange or service just like fiat.

This is what newbies fails to understand, some feels Bitcoin is mean to do the thinking for them all they ought to do is register themselves as a crypto enthusiast and everything should be alright afterwards, it time all experienced or old Crypto enthusiast starts to tell prospective new guys all the truth about Crypto-currency so they can do away with the fugazi thought they have in crypto-currency right now.

Are you serious about this question?
how do you think it is possible to make anything on the internet without being 100% safe and scam free?
Even if everything from the exchanger side is maximum safe, you can be fooled by a compromised connection from your side. Of course, we will always blame exchangers.

You are a bit confused and are contradicting yourself here.
If you are comparing "fiat money system" with bitcoin then you should compare it as a currency versus currency. In which case both server different purposes and depending on the purpose and situation each can be preferable.
But if you want to focus on investment then you can't even compare investing in shitcoins with "money system"!

Because people who trade shitcoins through these apps are mainly gamblers who don't care about much except profit making in short term on the bets they are making. They obviously don't care about quality of service and accept any low quality, risky, even shady service as long as they can hope for a profit.
Consequently these services never improve since they have their customer and are making their profit.

Then they shouldn't invest in shitcoins in first place. Buy bitcoin and store it in a bitcoin wallet instead of some shady software found on the internet promising P2P trades.

First of all there is no such thing as "bitcoin cooperation" or any kind of centralized "bitcoin official" to do anything to the shitcoin market.
Secondly why should bitcoiners even care about what is going on in the shitcoin scene?

Bitcoin is not a company, its just an asset so you should take responsibility of what are you doing with it.

There are lot of exchanges are out there which is not owned by Satoshi, its just someone who run it as a business and the warning is up there in their ToS so they are not going to give warning everytime when you deposit. And some kf the address are incompatible on other blockchain so obviously you will get an error while some lies in the same format so you should be careful with that.

I left the forum for few weeks because I was very ill
but at least I thank God for reviving me abit.
 I have been having these in mind to say for the few times that I have tried to invest my money and time in trading crypto, the T/C's,the protocols to follow, the theories that you must conform to, ... The whole process is very stressful and at some point unfathomable.
It has gotten to a point that it seems as if the fiat money system was even more preferable, but I don't think so personally.
I think there's always a way out, take for instance;
✓When trying to swap to your coins preferably from remitano or ruqqo or any sites that supports that, you would notice several warning of how careful you should be when swapping those coins lest you swap them maybe from etherium to bitcoin cash(which means loosing your coins)
The question is,
Why is this trading app not made in a way that it's scam free? Why would an app be warning its customers against depositing or swapping their coins into the wrong place when they created the app theirself and can opt out any form of scam?
You see some people still have these fear about much coins like the toll of 0.25 btc; loosing these at once because maybe you followed the wrong transaction method is not an excuse! No body wants to be fooled yunno.

✓ when I sink some coins into my remitano, I start recieving notifications like: "hackers might be monitoring your account and decide to do away with your coins"
Question is,
 I thought this app was created and controlled by the owners of the trading company? Were they not aware that hackers are improving on their techniques everyday? Why didn't they go for a stronger domain instead of doing something that endangers people's coins ?
 You see why I said it's making some people uncertain about investing in crypto?
Suggestions:
✓ The Bitcoin cooperation should raise and employ strong cyber securities (it's not about creating,it's about ensuring safety)
✓ The Bitcoin cooperation should properly scrutinize sub dealers on crypto so as to ensure maximum safety, why? (People's investment on crypto help its development so if anything should mistakenly happen to people's fund and they finally discovered Bitcoin is volatile, people will withdraw their coins to be on a safer side and that will probably be the end of everything.
✓ Google play should maybe be payed and sponsored by Bitcoin officials to prevent the acceptance of illegal trading app, why?( If people loose thier coin in an illegal app, they will automatically conclude that crypto as a whole are full of scammers.
N/b: this information is not for people that have gotten all the necessary informations about crypto prior investment and still decides to trade, it's for the ones that haven't acquired much knowledge and probably wants to try just like everyone else is doing.
Sandra