Pages:
Author

Topic: The reason why Bitcoins is the safest system - page 7. (Read 4661 times)

newbie
Activity: 46
Merit: 0
I think because bitcoin is equipped with layered security
jr. member
Activity: 126
Merit: 1
Bitcoin is removing unnecessary entities between you and your money transactions. Bitcoin also establishes trust. based on decentralization. It is also the simplest and most straightforward way to pay. It is a safe means to transact money if you are using blockchain wallet since blockchain tech is difficult to hack.
newbie
Activity: 91
Merit: 0
 Bitcoin is the safest system because there is no single authority controlled it and because it is not like camouflage at the Bank you need to fill the many forms are of your character. so the bitcoin is one of the safest system.
jr. member
Activity: 340
Merit: 1
Now i know thanks for sharing your knowledge that is true its impossible to hack your account without knowing anything information unless you share some information to others. Keep safe any information that can hack from your account keep it secretly dont share any information .
newbie
Activity: 96
Merit: 0
Likely to blame themselves: few have studied the information, not the right decision was made rashly ventured, etc. But another important and unexplained factor is luck. Many knew almost nothing about trading and climbed the cryptocurrency.
newbie
Activity: 13
Merit: 0
Hey everyone I have heard newbies and other people asking about how safe is the Bitcoins and it's transactions well I think it will be beneficial to have a little discussion on this .

First of all if you own a bank account in a good bank then you should know that its very hard to hack one's bank account, it's almost impossible unless done due to personal flaws, like sharing your key or bank account details or something , you know the system behind Bitcoins and the system behind banking system is same .
Something by the name of cryptography whose Advance form is block chain . It's a complex code involving complex mathematics and the transactions are only completed through very complex and complicated steps impossible to penetrate.
For Bitcoins the same thing operates but with no intervening part or whatsoever , it's p2p direct transactions and this is even more secure and private.

The reason why you hear news like :- someone got their Bitcoins stolen or something is because they have personal flaws , they shared the private keys or the password with someone else..or they used a bad wallet.

It's on you how safe you make it .
I strongly agree with this. All mistakes against this system is because of the human errors that some has done carelessly.
full member
Activity: 363
Merit: 100
In long period of time, they show us how safe the bitcoin is through their act, uses and many people who are continue trusting on them. And since that bitcoin is now accept many uses in many countries this is one reason why we say that this is the safest system then.
hero member
Activity: 1722
Merit: 528
Because bitcoin has high security. Bitcoin can not be faked. Bitcoin has gone through tremendous challenges to survive until now. So bitcoin will never be defeated.

That is right. Bitcoin has gone through a lot of challenge but mostly the users and investors making the price movement go down or go up.

Bitcoin has a high security if we are talking about the system, but in terms of the wallets, there are some things that you need to know since hackers and spammers can still hack your wallet if you are not careful. In the past Bitcoin has been hacked and these hackers, hacker maybe, generate a lot of Bitcoin but that was fixed immediately and until now, Bitcoin is close to being impregnable.
sr. member
Activity: 854
Merit: 281
I believe hardware wallets are a good idea for those who have considerable sums of money in cryptocurrencies. Investors should never fully trust third-party services and should always assume vulnerabilities, particularly in their own devices.
sr. member
Activity: 575
Merit: 250
Because bitcoin has high security. Bitcoin can not be faked. Bitcoin has gone through tremendous challenges to survive until now. So bitcoin will never be defeated.
newbie
Activity: 72
Merit: 0
I think these facts greatly confirm BTC as a safe system. I read somewhere that people should spend about 7mln USD to hack the BTC wallet. It shows the great security of BTC wallet.
newbie
Activity: 156
Merit: 0
The recent volatility in bitcoin and other cryptocurrencies has made many investors wary along with the continued hacking of the exchanges where people buy and sell the digital currencies. The uncertainty emphasizes the hazards investors face daily in their attempt to profit from bitcoin, ether and other cryptocurrencies. I strongly feel that bitcoin will remain secure.
newbie
Activity: 43
Merit: 0
There is no safest currency in this market. We can see with you a picture of how Bitcoin has dropped more than twice in a month. Therefore, such investments should be approached consciously.
jr. member
Activity: 308
Merit: 1
For me is the safest because it was proven and tested by others. But for me it is within us how we keep the password and our account. So the responsibility is within us.
full member
Activity: 468
Merit: 100
Experience the Future of DeFi
I believe it is not yet the safest way to store our money. But there is nothing wrong with that since Bitcoin is still on developmental stage. We know every successful business/company now started with too many flaws in their system. That's the good part of discovering flaws at an early stage. I believe the Bitcoin dev team will improve the system so that Bitcoin network will become the safest network.
sr. member
Activity: 574
Merit: 267
" Coindragon.com 30% Cash Back "
There are good things and bad things when it comes to bitcoin transactions. The bright side of this is clearly because it is decentralized. You will remain anonymous during the transaction you make. But there is also a bad side. Unlike banks, transactions are safer for me because people who can hack and steal your money can be tracked and you can take your funds.
Yes it was safe in the way that it was decentralized where even government and big people cant control it. But the sad part here was when you send to a wrong address your money you wont be able to get back it. Thats why we still need to be careful especially when sending money to other people.
member
Activity: 104
Merit: 10
I understood that with no system is sheltered. Bitcoin's system is the main blockchain system, so the security level is lower than other Blockchain frameworks. Later on programmers will discover openings in Bitcoin's system and it will take.
member
Activity: 392
Merit: 11
Bitcoin is based on cryptology which is basically solving complex mathematical problems. So the ability to "hack" the system is almost impossible. This makes Bitcoins as well as other cryptocurrencies safe, hacker-proof as well as transparent. The transparency comes from the common public ledger which we call the Bitcoin Blockchain which is shared among all miners who are connected to the the Bitcoin network. So no one can fool the other thus there is perfect transparency.
Finally, when we consider all these features I believe Bitcoin is one of the most safest systems if not the most safest system that we have.
full member
Activity: 364
Merit: 100
Hey everyone I have heard newbies and other people asking about how safe is the Bitcoins and it's transactions well I think it will be beneficial to have a little discussion on this .

First of all if you own a bank account in a good bank then you should know that its very hard to hack one's bank account, it's almost impossible unless done due to personal flaws, like sharing your key or bank account details or something , you know the system behind Bitcoins and the system behind banking system is same .
Something by the name of cryptography whose Advance form is block chain . It's a complex code involving complex mathematics and the transactions are only completed through very complex and complicated steps impossible to penetrate.
For Bitcoins the same thing operates but with no intervening part or whatsoever , it's p2p direct transactions and this is even more secure and private.

The reason why you hear news like :- someone got their Bitcoins stolen or something is because they have personal flaws , they shared the private keys or the password with someone else..or they used a bad wallet.

It's on you how safe you make it .
Bitcoin is the safest because it is so secure. The reason why it is so much secured is because it uses the blockchain system, in fact bitcoin is the first ever application that used this kind of system. Blockchain is secured because it has its so called hashes that serves as a fingerprint and it is very unique. This helps in the security of the system.
newbie
Activity: 122
Merit: 0
Lol. Bitcoin is not completely safe at all, what kind of stereotype?
Bitcoin is quite possible to compute. If someone specifically wants to know what you're spending your bitcoins on ... then at least with problems, but it's possible to do it. If we talk about the best level of protection, that is, other crypto-currencies ... for example monero, it is much better suited for anonymous payments.
Pages:
Jump to: