Even electrum isn't safe, there was a scam fairly recently where a cloned wallet was advertised at the top of Google so people downloaded the hacked version and they subsequently lost their coins
Electrum is save. 
Topic: MTGOX2 - KEEP YOU`R BITCOIN SAVE (Read 369 times)
Even electrum isn't safe, there was a scam fairly recently where a cloned wallet was advertised at the top of Google so people downloaded the hacked version and they subsequently lost their coins
Banks and exchanges have the same problem keeping your money on a exchange is ludicrous people are lazy and think it will never happen to them.
There so used to people taking care of them the current system babysits you oh you lost your credit card we can undo those transactions!
Banks have goverment protection. Exchangers dont have any.There so used to people taking care of them the current system babysits you oh you lost your credit card we can undo those transactions!
So keep your Bitcoin in personal wallet, be a bank for youself.
Yes, we have been preaching this all along. If you don't have the private keys then its not your coins. There have been similar instances in the past that putting a lot of your bitcoin in a exchange wallet is not safe so I would have to agree with you in this one. But I wanted to see your arguments about the Mt Gox2 paranoia of yours.
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So better keep your Bitcoins outside echangers for safety.
https://electrum.org/ if you can not use bitcoin core wallet.
off topic here despite being true.https://electrum.org/ if you can not use bitcoin core wallet.
Quote
So better keep your Bitcoins outside echangers for safety.
https://electrum.org/ if you can not use bitcoin core wallet.
off topic here despite being true.https://electrum.org/ if you can not use bitcoin core wallet.
Have no auditors who can prove all this virtual Bitcoin trading on exchanger backed by moneyfull private keys.
When people start to windraw Bitcoins from exchangers MTGOX2 will happen.
So better keep your Bitcoins outside echangers for safety.
https://electrum.org/ if you can not use bitcoin core wallet.
When people start to windraw Bitcoins from exchangers MTGOX2 will happen.
So better keep your Bitcoins outside echangers for safety.
https://electrum.org/ if you can not use bitcoin core wallet.
It is true that we should not keep our coin in exchanger wallet. Many hackers looking on exchanger and many people think its safe to store it on exchanger wallet. Better move it to our own wallet if we decide to keep it for long term
MtGox did that because they got hacked
They got hacked by self. It can not be determined was hacked by hackers or by self.You can send Bitcoins from 1 address to another and declare it hackers for avoid taxation.
Accusation without proof is invalid however that incident isn't impossible as temptation is rising when money is on the hand. Like wth everything can happen and maybe that was just a show up.
Everytime all advice do not store btc's on exchanges.
But how to trade then.
Maybe need to develop new exchange where your deposit was in pending mode but you can trade already. And when you want withdraw you need complete your first deposit
But how to trade then.
Maybe need to develop new exchange where your deposit was in pending mode but you can trade already. And when you want withdraw you need complete your first deposit
Even they will develop that, the risk is still there since it's a third party and besides you don't have any private keys. So what for?
Everytime all advice do not store btc's on exchanges.
But how to trade then.
Maybe need to develop new exchange where your deposit was in pending mode but you can trade already. And when you want withdraw you need complete your first deposit
But how to trade then.
Maybe need to develop new exchange where your deposit was in pending mode but you can trade already. And when you want withdraw you need complete your first deposit
We have learnt a couple of lessons from the Mt. Gox hack and that was :
~ Not to store large amounts of coins on exchanges
~ Never trust exchanges 100% to keep your coins safe, it is very vulnerable.
~ Exchanges are run by people and people cannot be trusted.
~ If you do not control the private key, then those bitcoins are not yours.
~ Big exchanges are not more secure than smaller exchanges and visa versa.
The problem is, many people were not around when this happened and many people forget things over time and that gives them a false sense of security.
~ Not to store large amounts of coins on exchanges
~ Never trust exchanges 100% to keep your coins safe, it is very vulnerable.
~ Exchanges are run by people and people cannot be trusted.
~ If you do not control the private key, then those bitcoins are not yours.
~ Big exchanges are not more secure than smaller exchanges and visa versa.
The problem is, many people were not around when this happened and many people forget things over time and that gives them a false sense of security.
I agree with your statement. But your statement does not include a solution. can you provide the safest advice on managing bitcoin assets.
Have no auditors who can prove all this virtual Bitcoin trading on exchanger backed by moneyfull private keys.
and you also have no proof that they aren't backed by anything. so you are just trolling.Quote
When people start to windraw Bitcoins from exchangers MTGOX2 will happen.
nonsense. MtGox went down for many different reasons not because people withdrew. you need to check the history before making statements like this.Quote
So better keep your Bitcoins outside echangers for safety.
https://electrum.org/ if you can not use bitcoin core wallet.
off topic here despite being true. https://electrum.org/ if you can not use bitcoin core wallet.
We have learnt a couple of lessons from the Mt. Gox hack and that was :
~ Not to store large amounts of coins on exchanges
~ Never trust exchanges 100% to keep your coins safe, it is very vulnerable.
~ Exchanges are run by people and people cannot be trusted.
~ If you do not control the private key, then those bitcoins are not yours.
~ Big exchanges are not more secure than smaller exchanges and visa versa.
The problem is, many people were not around when this happened and many people forget things over time and that gives them a false sense of security.
~ Not to store large amounts of coins on exchanges
~ Never trust exchanges 100% to keep your coins safe, it is very vulnerable.
~ Exchanges are run by people and people cannot be trusted.
~ If you do not control the private key, then those bitcoins are not yours.
~ Big exchanges are not more secure than smaller exchanges and visa versa.
The problem is, many people were not around when this happened and many people forget things over time and that gives them a false sense of security.
Banks and exchanges have the same problem keeping your money on a exchange is ludicrous people are lazy and think it will never happen to them.
There so used to people taking care of them the current system babysits you oh you lost your credit card we can undo those transactions!
Banks have goverment protection. Exchangers dont have any.There so used to people taking care of them the current system babysits you oh you lost your credit card we can undo those transactions!
So keep your Bitcoin in personal wallet, be a bank for youself.
Yes, we have been preaching this all along. If you don't have the private keys then its not your coins. There have been similar instances in the past that putting a lot of your bitcoin in a exchange wallet is not safe so I would have to agree with you in this one. But I wanted to see your arguments about the Mt Gox2 paranoia of yours.
Banks and exchanges have the same problem keeping your money on a exchange is ludicrous people are lazy and think it will never happen to them.
There so used to people taking care of them the current system babysits you oh you lost your credit card we can undo those transactions!
Banks have goverment protection. Exchangers dont have any.There so used to people taking care of them the current system babysits you oh you lost your credit card we can undo those transactions!
So keep your Bitcoin in personal wallet, be a bank for youself.
This may be good but still i am insecure while i try to use new systems.I don't find their any past history. Is it free from hack that is self hack. isn't it scam? It may be anyone, i haven't seen any popularity of its at all.
Banks and exchanges have the same problem keeping your money on a exchange is ludicrous people are lazy and think it will never happen to them.
There so used to people taking care of them the current system babysits you oh you lost your credit card we can undo those transactions!
There so used to people taking care of them the current system babysits you oh you lost your credit card we can undo those transactions!
MtGox did that because they got hacked
They got hacked by self. It can not be determined was hacked by hackers or by self.You can send Bitcoins from 1 address to another and declare it hackers for avoid taxation.
MtGox did that because they got hacked
They got hacked by self. It can not be determined was hacked by hackers or by self.You can send Bitcoins from 1 address to another and declare it hackers for avoid taxation.
MtGox did that because they got hacked
They got hacked by self. It can not be determined was hacked by hackers or by self.You can send Bitcoins from 1 address to another and declare it hackers for avoid taxation.
When people start to withdraw their bitcoin exchanges MtGox2 will happen? That's complete nonsense. Would it be more likely for a MtGox2 to happen if people just leave their funds on exchanges? How could withdrawing bitcoins cause a similar event to MtGox? It's the complete opposite.
They sell virtual Bitcoin what he dont havevirtual Bitcoin imposible withdraw, it exist only inside exchanger
Well, that's completely assuming that the current exchanges we have now would pull the same stunt though. Also, MtGox did that because they got hacked, hence they don't actually have the coins that people we're potentially trying to withdraw in the past. Not solely because they just want to.
When people start to withdraw their bitcoin exchanges MtGox2 will happen? That's complete nonsense. Would it be more likely for a MtGox2 to happen if people just leave their funds on exchanges? How could withdrawing bitcoins cause a similar event to MtGox? It's the complete opposite.
They sell virtual Bitcoin what he dont havevirtual Bitcoin imposible withdraw, it exist only inside exchanger
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