Is humanity prepared to be its own Bank ? - page 3.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: kaneeda on May 03, 2018, 07:09:45 PM

I've been reading many cases in this forum about bitcoin losses, in fact too many cases. So If all this happens to people with computer knowledge... imagine the masses, I mean "normal people" like your neighbours, grandmas, fathers, etc... The truth is that right now I can't imagine them playing with electrums, wallets, backups, etc.

can these people store their cash? protect their credit cards? how about their jewelries or any other valuables for that matter?
people learn the "how to" of things when they have to. and there will always be idiots who think it is a game and lost their valuables. i don't see how that relates to being ready or not.
besides everything is becoming easier and more newbie friendly as we go forward.

Quote

I wonder if we (like a society) are prepared to be our own Bank.

no but not because of what you said. instead because people are still relying on banks and they are used to the old ways. nobody likes change specially a big one.

Quote

For other hand, I'm also wondering if we're being too innocent talking to others about the bitcoins we own. If this project has the success that is expected, we could be hunting targets (especially if new fiat economic crises come) the day of tomorrow. It's not difficult to imagine in the near future people robbing other people, but this time asking for private keys or seeds instead few dollars cash in their pocket.

well this has nothing to do with the topic and it has nothing to do with bitcoin either! like anything else if you have a valuable in your hand and you flaunt it about you will be targeted by thieves, and depending on where you live you may be at a bigger danger.
that valuable may as well be your money in a bank!

entrepmind23

sr. member

Activity: 644

Merit: 261

Quote from: kaneeda on May 03, 2018, 07:09:45 PM

I've been reading many cases in this forum about bitcoin losses, in fact too many cases. So If all this happens to people with computer knowledge... imagine the masses, I mean "normal people" like your neighbours, grandmas, fathers, etc... The truth is that right now I can't imagine them playing with electrums, wallets, backups, etc.

I wonder if we (like a society) are prepared to be our own Bank.

In my family, I am the only one who is involved with cryptocurrency because they are not willing to be involved with it. My parents do not even know how to use a computer and many of my neighbors as well. They still deposit their money in the bank just like in the old days because they are thinking it is more secured than putting it in a wallet that they don't even know of. Majority of those baby boomers still trust the old system but the millennials and the generation that follows are already technologically inclined so for the next decade, many people would shift to save in their own wallet rather than in banks.

Quote from: kaneeda on May 03, 2018, 07:09:45 PM

For other hand, I'm also wondering if we're being too innocent talking to others about the bitcoins we own. If this project has the success that is expected, we could be hunting targets (especially if new fiat economic crises come) the day of tomorrow. It's not difficult to imagine in the near future people robbing other people, but this time asking for private keys or seeds instead few dollars cash in their pocket.

That's the reason you should not tell everyone especially in social media how much you have because in the future, it may become very valuable and you will be the target of robbers. There are already news of some robbers going to someone's home and have the owner transfer their coins to them and it would continue to be like this if one do not take the necessary precaution.

fiulpro

hero member

Activity: 1890

Merit: 831

Same was the case with paper money, or rather same is the case even now. Allot of people till date gets duped of millions of dollors, and dont they know about their own currency?
Cryptocurrency were supposed to be more secure, which they are in many ways, for example being unable to be robbed. Or you wont lose it somewhere on the go.
But with this facility, it has its own threats.

Bitcoin can be cyber attacked, stolen over the web, and any wrong transaction will make you lose your coins forever. The only thing that is going to help is awareness about what all are the measures to how tp secure our holdings.
2ndly, if we imagine that one day everything will be 100% secure then thats really not possible.
Whatever security meaaures there are, are creared by humans only, and whatever humans create, theres a possibility of creating its anti-dote aswell...

So ultimately its persnal awareness only that will keep us safe. One shall always try and keep themselves updated with the technological world if they plan to get their money involved here.

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: kaneeda on May 03, 2018, 07:09:45 PM

I've been reading many cases in this forum about bitcoin losses, in fact too many cases. So, If all this happens to people with computer knowledge... imagine the masses, I mean "normal people" like your neighbours, grandmas, fathers, etc... The truth is that right now I can't imagine them playing with electrums, wallets, backups, etc.

So I wonder if we (like a society) are prepared to be our own Bank.

For other hand, I'm also wondering if we're being too innocent talking to others about the bitcoins we own. If this project has the success that is expected, we could be hunting targets (especially if new fiat economic crises come) the day of tomorrow. It's not difficult to imagine in the near future people robbing other people, but this time asking for private keys or seeds instead few dollars cash in their pocket.

there isnt going to be a bank for humanity,

finance will stay the pyramid system it historically always was

First77

member

Activity: 266

Merit: 32

The role of centralization is to keep "one price" in the country. That is the reason you get foods at one price. Cryptocurrencies will bring back barter system

kaneeda

newbie

Activity: 17

Merit: 0

I've been reading many cases in this forum about bitcoin losses, in fact too many cases. So If all this happens to people with computer knowledge... imagine the masses, I mean "normal people" like your neighbours, grandmas, fathers, etc... The truth is that right now I can't imagine them playing with electrums, wallets, backups, etc.

I wonder if we (like a society) are prepared to be our own Bank.

For other hand, I'm also wondering if we're being too innocent talking to others about the bitcoins we own. If this project has the success that is expected, we could be hunting targets (especially if new fiat economic crises come) the day of tomorrow. It's not difficult to imagine in the near future people robbing other people, but this time asking for private keys or seeds instead few dollars cash in their pocket.

Topic: Is humanity prepared to be its own Bank ? - page 3. (Read 486 times)