Topic: Is Your Money Safer In Crypto than at the Bank? - page 65. (Read 9916 times)
Any one who says his money is safer with crypto than bank is not saying the truth. Even the exchange owners and wallet dont claim responsibility at any hacks. Coin owners bear the loss every time.
In my opinion i feel safer if my money is in bank,u know all and see what happens with crypto now prices is falling,bad news everywhere,ban in China,mtgox,whales,banks,goverment......all this persons control crypto.Crypto will always dancing for the peoples with money,or power,crypto is not stable as the fiat....
It is not safe to keep money in the Bank, as your funds can be frozen at any time and there can be many reasons for this.
everything is very approximate. Because much depends on which bank to hold the money in and in which coin you have invested.
If you take the necessary and routine security precautions, I think crypto can become as safe as banks. In my opinion, the popularity of crypto is rising day by day and I think this situation can make crypto more selectable than banks in the future.
Of course, it's safer in the bank to keep it safer, but the problem is that it's more profitable to invest them in the crypto currency!
It depends. As far as I believe in the long-term growth of crypto I prefer it. However, the risk of some force-majeure pertains. In case of banks, funds below certain level are usually insured so you can still return them if the bank fails. but certainly a lot of different opinions, but if you want to invest dicrypto will be more promising buy altcoin which has prospects for growth. and rest assured that investment will provide income.When our money is lost in the bank, the bank will replace it. But if our token is lost in our wallet, then we can only let it go.
it is safer to keep money in the Bank. in crypto currencies, no one knows what will happen tomorrow.
I think it's obviously at the bank but if you want to get some profit you can put it in cryptocurrency, if that cryptocoins price increase, you will get profit there but you also can get lose there, so if you want to be safer just put it at the bank.
Tim Draper: More Secure in Bitcoin Than the Money Sitting in Wells Fargo
Venture capitalist Tim Draper is bullish on Bitcoin and believes it will reach $250,000 in the next four years.
During a debate hosted by Intelligence Squared and the Adam Smith Society, Tim Draper was asked how Bitcoin compared with his previous tech investments in Hotmail, Skype, and Tesla. He replied bullishly, saying, “Bitcoin will be bigger than all three combined.” However, Draper didn’t leave it at that — he thinks it will be bigger than the iron age, the Renaissance, and the internet and says that the nascent technology will affect the entire world in a faster and more prevalent way than ever imagined.
The Debate: “Bitcoin is more than a bubble and here to stay.”
Backed up by Patrick Byrne (CEO of overstock), Draper took on Financial Times journalist, Gillian Tett, and Professor of Law, Eric Posner, both of whom argued that Bitcoin is indeed a bubble and strongly contested Draper’s claims. Posner and Tett called into question the “strengths” of Bitcoin, arguing that they could be regarded as weaknesses. Posner suggested that the pseudonymization of identity enabled by the technology makes Bitcoin transactions the perfect vehicle for sophisticated criminal transactions. Tett focused on the risk involved with trusting computers with finance as they can be hacked, are prone to faults, and that Bitcoin is a “terrible store of value.”
These arguments won’t be anything new to anyone who has studied the space, and the rebuttals of Draper and Byrne won’t come as a surprise either. The pair acknowledged that Bitcoin was imperfect and drew attention to the fact the technology was designed to be open source so that unforeseen problems can be managed by the community. Byrne also pointed out that although Bitcoin has been “hacked at” more than anything in history, but unlike banks, it has yet to be defeated.
Draper was more brazen in his responses and implored the crowd to use fiat if they were looking to facilitate their own criminal activity as many Bitcoin criminals get caught. The venture capitalist responded to Tett’s admission that she invests in several different fiat currencies by saying, “I’m so much more secure in my Bitcoin than I am in the money that’s sitting there in Wells Fargo.”
Who is right?
The short answer is it’s far too early to tell, but it is good to see the subject being discussed in this manner. Before the debate, Gillian Tett remarked that if both sides of an argument aren’t heard in the same room, on the same day, then the conversations can “go past one another.” It’s probably safe to say she’s right here because, although there is no shortage of media on either side of the argument, real debate on the subject can be difficult to find.
If crypto is going to head down the road Draper expects, its advocates need to be able to argue their case outside of the crypto community, and debate should be welcome as it not only gives both sides the ability to speak but also the ability to listen.
Draper’s comments are to be expected
As crypto enthusiasts, it’s easy to agree when figures like Draper sing the praises of Bitcoin, but we shouldn’t let confirmation bias get in the way of the issues. Draper is a successful investor, and he hasn’t arrived there without making mistakes. He could be wholly right, wrong, or somewhere in between — the latter is most likely. Draper allegedly owns 30,000 BTC, so he has a vested interest in Bitcoin’s success. That does not mean he is wrong, but it does mean his comments should be taken with a pinch of salt. Well-reasoned arguments are far more convincing than hype and chest beating because they allow people to make up their own minds.
The emergence of DLT might eclipse the impact of other innovations, but for now, the emphasis is not on critics to prove the crypto community wrong. It’s up to those who champion DLT to convince the world they’re right.
Originally published at cryptodisrupt.com
i think much safer in the bank thats an absolutely easy question, where in crypto is more risky and there is posibility that your money get lost . so i prefer you ro use your bank but in crypto you may gain more your money by investing,hodl and trading. Venture capitalist Tim Draper is bullish on Bitcoin and believes it will reach $250,000 in the next four years.
During a debate hosted by Intelligence Squared and the Adam Smith Society, Tim Draper was asked how Bitcoin compared with his previous tech investments in Hotmail, Skype, and Tesla. He replied bullishly, saying, “Bitcoin will be bigger than all three combined.” However, Draper didn’t leave it at that — he thinks it will be bigger than the iron age, the Renaissance, and the internet and says that the nascent technology will affect the entire world in a faster and more prevalent way than ever imagined.
The Debate: “Bitcoin is more than a bubble and here to stay.”
Backed up by Patrick Byrne (CEO of overstock), Draper took on Financial Times journalist, Gillian Tett, and Professor of Law, Eric Posner, both of whom argued that Bitcoin is indeed a bubble and strongly contested Draper’s claims. Posner and Tett called into question the “strengths” of Bitcoin, arguing that they could be regarded as weaknesses. Posner suggested that the pseudonymization of identity enabled by the technology makes Bitcoin transactions the perfect vehicle for sophisticated criminal transactions. Tett focused on the risk involved with trusting computers with finance as they can be hacked, are prone to faults, and that Bitcoin is a “terrible store of value.”
These arguments won’t be anything new to anyone who has studied the space, and the rebuttals of Draper and Byrne won’t come as a surprise either. The pair acknowledged that Bitcoin was imperfect and drew attention to the fact the technology was designed to be open source so that unforeseen problems can be managed by the community. Byrne also pointed out that although Bitcoin has been “hacked at” more than anything in history, but unlike banks, it has yet to be defeated.
Draper was more brazen in his responses and implored the crowd to use fiat if they were looking to facilitate their own criminal activity as many Bitcoin criminals get caught. The venture capitalist responded to Tett’s admission that she invests in several different fiat currencies by saying, “I’m so much more secure in my Bitcoin than I am in the money that’s sitting there in Wells Fargo.”
Who is right?
The short answer is it’s far too early to tell, but it is good to see the subject being discussed in this manner. Before the debate, Gillian Tett remarked that if both sides of an argument aren’t heard in the same room, on the same day, then the conversations can “go past one another.” It’s probably safe to say she’s right here because, although there is no shortage of media on either side of the argument, real debate on the subject can be difficult to find.
If crypto is going to head down the road Draper expects, its advocates need to be able to argue their case outside of the crypto community, and debate should be welcome as it not only gives both sides the ability to speak but also the ability to listen.
Draper’s comments are to be expected
As crypto enthusiasts, it’s easy to agree when figures like Draper sing the praises of Bitcoin, but we shouldn’t let confirmation bias get in the way of the issues. Draper is a successful investor, and he hasn’t arrived there without making mistakes. He could be wholly right, wrong, or somewhere in between — the latter is most likely. Draper allegedly owns 30,000 BTC, so he has a vested interest in Bitcoin’s success. That does not mean he is wrong, but it does mean his comments should be taken with a pinch of salt. Well-reasoned arguments are far more convincing than hype and chest beating because they allow people to make up their own minds.
The emergence of DLT might eclipse the impact of other innovations, but for now, the emphasis is not on critics to prove the crypto community wrong. It’s up to those who champion DLT to convince the world they’re right.
Originally published at cryptodisrupt.com
I believe that it is not safe to keep savings in a bank, but to store savings in a crypto currency is insecure at times! The best investment is business)
Your money will be safe only in your home, because this is the safest place for you. So now it's time to completely isolate your money from external factors. I think that this will be the most correct decision.
I think my personal fortune will never be safe when I leave them at Crypto or the bank. Because the robbery of money through the network of hackers made me very confused. I think our property should be real estate. The price of real estate will always increase over time and I feel it is the safest place to be.
In real talk, it still safe to save money from our banks. Because banks takes the risk of what would happen to our money if anythings happened. It is only my opinion.
If you live in a third world country, it is always safer because of the banks to fail. In any other country, if you go somewhere else, you can take the money.Other than that, keeping the crypto money in confidential wallets is important as well.
Many people on Earth live in third world countries, and cryptocurrency for them is a ticket to a golden future. Undoubtfully for many people the blockchain market is a chance to change their lives for the better, get pleasure and escape from hardships!
I think it's safer to keep the money in the bank but it's more profitable to invested in the crypto currency market !
Also if we would consider that cryptocurrencies market would eventually grow in the future so it would be better to keep your money in cryptocurrency, because it will be really more profitable and secure than to put them in the bank which can be destroyed.
In any Bank, our money will be much safer than in crypto . The crypto market is very unstable
I think that it is safer to keep it at the bank. After all, cash can preserve the value. If it is replaced with a crypto currency, it is difficult to be stable in value. But cryptocurrencies also have a good place to earn more profit. It can Let us become rich, but also may lose a lot of assets!
I don't think it is safer than a bank. The cryptocurrency is a real free coin, so the risk must be borne by myself. I think this money is still safer in the bank.
I think the code is safer than the bank. Because banks operate through people, people make mistakes and suffer various influences. Morality is difficult to limit. So it's still safer for math. It is proved by various theories.
The human factor is incurable. So we have to put up with it. Personally, I always keep my money in real estate or business. You can also buy products. Given the global situation, the price of electronics with jump no worse than bitcoin 
Jump to: