Topic: One problem with BTC - page 2. (Read 483 times)

Your queries are like government queries. These are the things that the government tells the general public about bitcoin so that people stay away from it. All these are silly questions, but though you asked, I hope you didn't know anything about bitcoin. Here are some simple answers for you so that you can understand and clear your doubts. You know what, you will be the owner of Bitvoin if you buy it. Then you can control it on your own. You don't need to find any admin. You can also mine it. So why do you need an admin? If you have Bitvoin, you are the admin of your own bitcoin. So don't worry about admin. You know you are admin. Just relax.

Guys, please do not troll although OP posts something like to be a troll. Most likely OP does not have even a basic idea about Bitcoin and how it works. This is just a lack of knowledge, but definitely, OP is lazy to research. I don't know how should I answer OP. You don't need to make a complaint about truly decentralized cryptocurrency. Decentralized means there are no support, no team, no office, no staff, and nothing. The code deployed in the blockchain and has begun. No need to do anything except mining that. There are many non-custodial wallets to keep secure your funds. You don't need to trust anyone. Because you are the owner of your Bitcoin, not Satoshi. You just need to learn and spend more time researching.

right, we ourselves must be able to maintain our account, and no one is responsible for all that. many people have experienced hacking like this, even the biggest exchange companies have experienced it, and they are themselves responsible and trying to establish their own security. I don't think this is a weakness, but a special characteristic of cryptocurrencies

bitcoin is like a suitcase of cash. . your responsibility to secure it and not just palm it off to some stranger you found interesting to take responsibility

in fiat. although a government patented the design of the printing plates of paper cash. you dont just approach the patent office asking for a refund or change of design because you handed your cash to a stranger and the stranger refused to give it back. nor do you complain about making a bad bet on a gambling site or on the markets(thats not how the world works)

the government wont change the cash printing plates design or give a refund just because you made a foolish mistake.

you could try and seek guidance from specialists that investigate thefts and hope an investigation leads to finding the culprit, and then the cash. but thats the police/court system. not the cash design/printing(mint) responsibility.
and the investigation approach is only as good as the evidence YOU can provide them for them to even have a chance of following up with the criminal.

as for making a bad gamble/market order. the gambling site or market wont refund bad mistakes made by customers.

if there was a proper bug/issue with the cash design/gambling/market site that risked everyones loss(not due to personal naivety). sure complain. and sure they would change the design to remove the flaw. they do this periodically anyway to fix flaws that affect everyone.

but its your responsibility to look after the security of your cash, dont put it into hands of anyone that you dont know enough about to slap them with a wet fish(court order) if they do screw you over(criminal act).

putting funds into a transparent exchange that has its own legal process to cover loses due to exchanges fault(not bad bet) of funds it has as a custodian... is still a risky choice. many do not have insurance policies or regulated laws backed by governments to ensure people get back losses caused by business flaws. and many exchanges just end up filing bankruptcy so expectations of returns is low even if you did send them to court.

its like banks. if the bank loses your money. they have transparent policies, but even then. they can file bankruptcy and rely on their regulated insurance to pay out a certain amount to all customers(not all).
but if you withdrew cash and then handed it to some stranger. your stuck. and you have to hope the police/court can slap the criminal(if they can find them). even wire transfers to criminals is no guarantee a bank will help.

bitcoin exchanges insurance policy are not as regulated as fiat bank insurance policy. so be careful when trusting others with your funds even when they appear legit and 'regulated'.

your funds, your responsibility

Your coins, your responsibility. Technically speaking, you can't really file a complaint regarding something that doesn't seem "right" to your perspective most especially if it is only about the price fluctuations in the market because the market controls that aspect, not the founder nor developer.

BTC has no CEO. If so, it would defeat its own purpose. BTC has been made to be our own version of banks. It exists so that we can take full control of our money and not only rely upon other people or organizations to take good care of it.

You guarantee the safeness of your account. Once you enter the cryptocurrency world, you must know that no one else is to be praised or blamed other than yourself once you make actions that could either benefit or cause drawbacks to you. You are the one responsible for your account and funds. Hence, you should do your utmost ability to protect it from any possible type of hacking and scamming.

OP, are you afraid of losing bitcoin or just want to say that bitcoin is no better than Ethereum?
A good business is a business whose financial management is your own and you are the main person in charge of the business. I'm not going to talk about Ethereum because it might be too centralized to discuss on the bitcoin board and I just want to let you know that your bitcoin are your money where you are the first person responsible for making it safe.

Bitcoin has a strong community and real use case as a currency and is a valuable asset that everyone is aware of. If you own bitcoin then you must ensure your bitcoin are kept in a secure wallet where you should not entrust them to any party including any exchange or service that does not give you complete control over the bitcoin. So have a secure wallet, but you can ask the community for help with your problem if it's not the biggest mistake you've ever made.

  Those really got me cranking. Are you sure you can complain to Vitalik if there is something wrong or in your words "If something not right with eth" and your issue will be attended to? Please don't tell me you didn't hear about all the complaints about the high gas fees of ethereum in the past years and you seem not to be able to tell your buddy Vitalik to resolve the issue. Welcome to the Crypto world.

I think you don't know the essence of being involved in crypto in the first place. I understand that you are new, I felt the same way before.
But crypto were made for people to manage their finance freely. You are the one responsible for your assets. You have to keep it safe as possible.
If you need somene like the government to complain with and regulate your finance, you should stick with fiat. We all know the risks here. No one forced you.

Vitalik doesn't guarantee your lost ethereum, you can complain, but the chance for him or his team to respond is very small or even non-existent. if on an exchange, the one who guarantees your assets is the owner of the exchange, but in the wallet, no one guarantees that. it's just like a wallet in the real world. when your money is lost, no one wants to replace it, not even the government will replace it.

In a business, you can't keep your assets safe, you can probably minimize them. in centralization also like that.

You are the Owner of your own Bitcoin if there is a problem for sure it is because of you then complain to yourself .

why bother anyone when you are the one who must take care of your bitcoin?

comparing this to Ethereum is the stupid idea because as If Buterin will listen to your complains lol.

it looks like you are not ready for decentralization because you are more likely to entrust your money to other people. It's not a bitcoin problem, it's a problem with you. If you can't adapt to bitcoin, you shouldn't even try. Why do you have to complain that obviously won't change anything when you loss

Even people do like for it to be adjusted but still it cant be technically possible and even impossible on other aspects because most of it are totally human errors just like on what they do experience on fiat system of course.

Once those people who are just new do experience these things then it would really be ending up having bad impressions which aren't
totally precise to be described on.

Cant be denied that there are flaws but it do honestly outweighs its cons by its pros.

This, people need to stop trying to make bitcoin something that is not, if people want a centralized party to protect their money from scams and other dangers then they are free to use banks and any other centralized institution they may like, but if they want to use bitcoin then they need to adapt to it, and if they cannot then that is fine, we understand that many people are not ready for something like bitcoin yet so they can go back to their fiat, but bitcoin must never be changed to accommodate those people, otherwise the whole reason for bitcoin to exist would be denied.

Complaining to Vitalik Buterin if you make losses with your Ethereum will not resolve your issues except for technical issues involving the project development. But looking at Bitcoin you own your coin and have full control of how you use and manage it and it's anonymous nature is working even more perfect compared to when it's founders identity was revealed I think it's find the identity of Bitcoin remains anonymous

let's admit that most of the time some people want someone to be held liable for their mistakes. so yeah, some are looking for ownership thing so when they screwed up, they can blame someone. but if you get the bottom of it, it is the user himself that put him into the situation.
it is not a problem per se but that's actually advantage if you look at it. you are in control of your own coins. so the responsibility is on your hands not someone else's. this is why a lot of people are still sticking to banks, because they want other third party to take care of their funds.
here in crypto, you are the one taking care of your business.

That is the main point. You are solely responsible for the security of your bitcoins. That is why it is called a decentralized currency. Since Bitcoins are distributed without the control of any central authority, they are not issued by a government, a bank or any other entity. If you consider this a downside of cryptocurrency, then you should stick to fiat.

At first what reason which made us to complain. Price dumped then it is our loss because risk is on our own. Bitcoin got stolen, it is our fault how we can trapped into something that can harmed for us, or maybe we put money on exchange when we know it has risk too. I think in this kind of investment, just make sure ourself is already secured. Only us who can help ourself.

Maybe Bitcoin has no problem.
Could it be that you're the problem ?
Seems your level of insecurities is high, you lack patience, I believe you'll be one of those running temperature due to the price of Bitcoin.

You are the owner of your Bitcoin, it wasn't created for anyone to own it or there be a middle man in the first place. The Bitcoin is solely yours, now what ever you do with it that leads to complications and a problem is mostly caused by you or holders mostly popular mistakes are
+ Carelessness with details/informations
+ Keeping bitcoin or crypto-currency on Exchanges
+ Insensitivity to scams
+ Greed investing roughly
And so much most time the Bitcoin isn't the cause of the problem rather the holder is.

We have a gift from satoshi, Bitcoin with it we can have our own banks, each for every of us, ONLY if we know how to do it

• Choose non custodial wallet
• Verify it
• Back up private key or mnemonic seed
• Make sure you store backups safely and totally secretly
• Make sure you check validity and usability of your backup

If you think what I wrote above is non-sense, please read

• https://notyourkeys.org/
• Hacked Exchanges since 2011

Bitcoin transaction is irreversible so we can not blame on anyone if we do mistakenly transactions.

• Bitcoin Testnet. Activate, experience it, but don't trade and get scammed.
• Beware of "Pay original fine" - a scam method