Topic: Hacking is the Big Problem - page 10. (Read 2486 times)
Hacking is a big issue with the cryptocurrency, because each and every activity on the cryptocurrency happens through internet. So, we cannot question anything if something goes wrong, most of the hacks targets online wallets, which means- wallet like blockchain.info, that can be hacked through obtaining your username and password only( unlike wallets like electrum.org that are based on your computer, and they will need to have an access to the actual file on your computer to get an access to the funds), and exchange wallets(usually finding an exploit on the exchange may let the hacker withdraw all the coins available on the hot wallet).If you store your coins at home on a cold wallet, there is no way that someone would be able to obtain your coins.so If you are a trader, you should play a lot of markets and withdraw money as soon as you make a profit.
Your money is safe only in your wallet and if you are trader you agree with risk that you might lose your funds. Remember that.
We cannot blame people if they're afraid to be hacked since we are here in cryptoworld but newbies should understand the risk that they are going to take and think all the negative possibilities that can happen to their money. There is no assurance that the exchanges are safe right now, let's just hope for the best and be ready for that kind of risk.
yes hacker is a big problem for bitcoin users and especially internet users, in the long run it is expected bitcoin can have a very sophisticated security system to be able to fight hackers, because if left then they the hackers will be increasingly crazy.
Well I guess its the fear of been hacked that is why most people refuse to have anything to do with bitcoin or other cryptocurrency. When I told a friend of mine whom i have been trying to convince into investing in cryptocurrency about how people do get hacked if not careful, he ended up telling me he has made his stand not to invest in crypto because it freaks him out. How I wish there will be a solution to this, probably, a lot of people might have invested in cryptocurrency.
If that is the fear, then they are not really ready for the future and they can just best stick to their traditional age and ways of doing things. Not like there is no solution to security but the problem is people always prefer staying in their comfort zone rather than looking for those solutions. What happened to cold and offline storages if they are scared of hackers? I guess they just do not have anything to do and are busy looking for excuses.You can't blame them. And as far as I know cold or offline storages are good if you stash huge amounts of bitcoin. But for a common and casual traders, it makes sense to store small amounts in desktop wallet or even in an exchange. But we all know hackers are really that good and it seems they always found vulnerabilities that they can exploit anytime, just like what happened to CoinCheck hack.
So the best thing for us is to be very protective of our accounts. I'm sure that we all heard howr to secure it, but most of us are not really doing good because thousand or even millions of dollars are lost to the hackers.
Save your money and deposit it as it will help you only in future.
this is the problem I'm most afraid of because I am less understood about the world of hackers and I can not prevent them, I personally want to invest in bulk if there is already a secure exchager
If you are a trader, you should play a lot of markets and withdraw money as soon as you make a profit.
You can use hardware wallets, such as Ledger NANO or similar.
Hacking was always a problem and we are looking for the ways to solve it
If you’re worried, maybe storing your Bitcoin with paper wallet will be best, though I don’t really know how the paper wallet thingy works, don’t know if it’s reliable or not, but I believe it will be quite good. The only problem you will have is when drop it carelessly and something happens to it. Another thing I have to say is that someone can’t get hacked unless they are used to giving out their information anyhow. One should be very with any info about themselves, unless one that is not necessary to hide.Hacking was always a problem and we are looking for the ways to solve it
Hacking is a big issue with the cryptocurrency, because each and every activity on the cryptocurrency happens through internet. So, we cannot question anything if something goes wrong. Be secure as possible is the best one can do.
no. Hacking is not the big issue in cryptocurrency because not all people were got hack , just only few of them. they've only been hacked because of their carelessness and lack of knowledge regarding on what their doing. their is no problem in cryptos at all because we all know that they are pretty usefull to us and beneficial at the same time.Your money is safe only in your wallet and if you are trader you agree with risk that you might lose your funds. Remember that.
Yeah money is always safe in your wallet but you need to be aware everytime you do a transactions because you might be infected with malwares and key logger that may potentialy stole your coins or hi jack your account. Being a trader has also a risk but mainly the risk of loosing and being loose because of hacking.
Hacking is a big issue with the cryptocurrency, because each and every activity on the cryptocurrency happens through internet. So, we cannot question anything if something goes wrong. Be secure as possible is the best one can do.
Your money is safe only in your wallet and if you are trader you agree with risk that you might lose your funds. Remember that.
Well I guess its the fear of been hacked that is why most people refuse to have anything to do with bitcoin or other cryptocurrency. When I told a friend of mine whom i have been trying to convince into investing in cryptocurrency about how people do get hacked if not careful, he ended up telling me he has made his stand not to invest in crypto because it freaks him out. How I wish there will be a solution to this, probably, a lot of people might have invested in cryptocurrency.
If that is the fear, then they are not really ready for the future and they can just best stick to their traditional age and ways of doing things. Not like there is no solution to security but the problem is people always prefer staying in their comfort zone rather than looking for those solutions. What happened to cold and offline storages if they are scared of hackers? I guess they just do not have anything to do and are busy looking for excuses.You can't blame them. And as far as I know cold or offline storages are good if you stash huge amounts of bitcoin. But for a common and casual traders, it makes sense to store small amounts in desktop wallet or even in an exchange. But we all know hackers are really that good and it seems they always found vulnerabilities that they can exploit anytime, just like what happened to CoinCheck hack.
So the best thing for us is to be very protective of our accounts. I'm sure that we all heard howr to secure it, but most of us are not really doing good because thousand or even millions of dollars are lost to the hackers.
This is the main issue that crypto has to face since everytime a hack happens on an exchange for a substantial amount of crypto currency.
It has always had negative ramifications on the bitcoin price right after the media releases it has happened to that exchange.
It has always had negative ramifications on the bitcoin price right after the media releases it has happened to that exchange.
You will know the risks once you start trading and making some moves.
you must use your personal money for personal reasons only.
Well I guess its the fear of been hacked that is why most people refuse to have anything to do with bitcoin or other cryptocurrency. When I told a friend of mine whom i have been trying to convince into investing in cryptocurrency about how people do get hacked if not careful, he ended up telling me he has made his stand not to invest in crypto because it freaks him out. How I wish there will be a solution to this, probably, a lot of people might have invested in cryptocurrency.
If that is the fear, then they are not really ready for the future and they can just best stick to their traditional age and ways of doing things. Not like there is no solution to security but the problem is people always prefer staying in their comfort zone rather than looking for those solutions. What happened to cold and offline storages if they are scared of hackers? I guess they just do not have anything to do and are busy looking for excuses. You can use hardware wallets, such as Ledger NANO or similar.
Hacking was always a problem and we are looking for the ways to solve it
If you’re worried, maybe storing your Bitcoin with paper wallet will be best, though I don’t really know how the paper wallet thingy works, don’t know if it’s reliable or not, but I believe it will be quite good. The only problem you will have is when drop it carelessly and something happens to it. Another thing I have to say is that someone can’t get hacked unless they are used to giving out their information anyhow. One should be very with any info about themselves, unless one that is not necessary to hide.Hacking was always a problem and we are looking for the ways to solve it
Is downloading the PDF whitepapers dangerous?
I know that PDFs can be malicious, have you heard of any tied to whitepapers?
If you are that worried about catching a virus through a pdf or some other file you may read those documents in an internet café that way you do not have any risk of catching a virus, or you could create a live CD and use it in your computer that way the chances of catching anything goes down however if you were to catch anything through the whitepaper that project will become untrustworthy for spreading viruses. I know that PDFs can be malicious, have you heard of any tied to whitepapers?
Is downloading the PDF whitepapers dangerous?
Not really, if it only contains PDF file then you don't have to worry. Don't click immediately if someone tries to send you a PDF like file, there are software that can change or shorten links where victims are easily get caught.II know that PDFs can be malicious, have you heard of any tied to whitepapers?
I haven't, I have downloaded many PDF files but there's nothing wrong happened to me. Guys…
I read the new the Japanese Exchange Coincheck loses ¥58 billion in the hacking attack. It’s not a single case in this after a few weeks ago Etherdelta was also Hacked. So how can we ensure that our money is safe on exchanges?
I read the new the Japanese Exchange Coincheck loses ¥58 billion in the hacking attack. It’s not a single case in this after a few weeks ago Etherdelta was also Hacked. So how can we ensure that our money is safe on exchanges?
It is not only about the large hacks that take lots of coins, is also about the small daily thefts done everyday by scammers taking advantage of people that have less knowledge.
Jump to: