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Topic: The danger of the cyptocurrencies - page 31. (Read 45204 times)

hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
November 10, 2016, 04:03:27 PM
Use a hybrid type of password which contains ,alpha,numeric,at least one upper case and lower case, 8 or more than characters
Do you think that weak passwords are the main reason behind hacked accounts?
Some of them are, but hackers won't go on bruteforcing rampage for passwords anymore.
From my experience the main reasons behind hacked accounts are these:

1. Keyloggers - if you are worried about this possibility you may want to start using virtual keyboard, when typing password for important sites like your online BTC wallet or exchange.
2. Remote Administration Tool - can give hacker direct access o your computer.
3. Viruses/Trojans
4. Database of the service you were using got leaked, along with your login/password.
Dude, you misquoted me, I did not post what you quoted, that was the user “darklus123” is not a big deal, but I needed to point it out.

About your post I think you are mostly correct but we still need strong passwords to protect our accounts.
hero member
Activity: 1414
Merit: 505
Backed.Finance
November 10, 2016, 03:30:37 AM
Some of the dangers of cryptocurrencies is that many are run by scam devs and sites, not the cryptocurrencies itself.
Cryptocurrencies is decentralized and no one has control of it. Government can't take control over it because they have no base regulations for it.
IMO, people should start to believe and use cryptocurrencies because cryptocurrencies have so much potential as digital currency in future.

That is a FACT. Those cryptocurrencies that is run by scammers. They only want you bitcoin or money and after launching,several months after they are nowhere to be found.
sr. member
Activity: 490
Merit: 250
November 10, 2016, 03:06:35 AM
Some of the dangers of cryptocurrencies is that many are run by scam devs and sites, not the cryptocurrencies itself.
Cryptocurrencies is decentralized and no one has control of it. Government can't take control over it because they have no base regulations for it.
IMO, people should start to believe and use cryptocurrencies because cryptocurrencies have so much potential as digital currency in future.
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
November 09, 2016, 07:59:06 PM
Use a hybrid type of password which contains ,alpha,numeric,at least one upper case and lower case, 8 or more than characters
Do you think that weak passwords are the main reason behind hacked accounts?
Some of them are, but hackers won't go on bruteforcing rampage for passwords anymore.
From my experience the main reasons behind hacked accounts are these:

1. Keyloggers - if you are worried about this possibility you may want to start using virtual keyboard, when typing password for important sites like your online BTC wallet or exchange.
2. Remote Administration Tool - can give hacker direct access o your computer.
3. Viruses/Trojans
4. Database of the service you were using got leaked, along with your login/password.
and mostly are the number 3 with various type and generate. and the database leaked are dominant one. are physing is included for that reason?
legendary
Activity: 1400
Merit: 1001
November 09, 2016, 05:57:32 PM
Use a hybrid type of password which contains ,alpha,numeric,at least one upper case and lower case, 8 or more than characters
Do you think that weak passwords are the main reason behind hacked accounts?
Some of them are, but hackers won't go on bruteforcing rampage for passwords anymore.
From my experience the main reasons behind hacked accounts are these:

1. Keyloggers - if you are worried about this possibility you may want to start using virtual keyboard, when typing password for important sites like your online BTC wallet or exchange.
2. Remote Administration Tool - can give hacker direct access o your computer.
3. Viruses/Trojans
4. Database of the service you were using got leaked, along with your login/password.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
November 09, 2016, 04:46:06 PM
I do not think that can be a great danger to cryptocurrency than it has shown us the case with the exchange bitfinex. Poor when their wallets are accessed by other persons.

For me I think the danger of the crypto currencies is going to make the fiat money to become as substitute for it. And with the bitfinex exchange that was breached it is not about the danger of being hacked as long as there is some important things included whether it is money or information hackers will exist and we can't stop them.

Absolutely the biggest danger of it is that since the internet is really hackable now a days it would be very risky to be the primary medium of payment. Unlike fiat which is easily be seen the authority can take actions easily

Yes, hacking is possible and we're all aware of it. However, with the technology advancing, we will reach a point where hacking will probably become likely impossible for big corporations like Microsoft and big ideas like Cryptocurrencies. I still want to go for it and I want to keep trusting in Bitcoin, because I think it'll be big one day.

I am from the fields and I am not being so professional here  but microsoft is really prone to hacking and they don't even have the capability to protect your data from browser look at how slow IE is. Now on the other hand if you were going to use google you would understand how volatile browsing is. It is also an issue in our fields on how to get rid of hacking and some experts do always agree that one of the things that you can do to prevent this is to be vigilant be careful of your information.. Use a hybrid type of password which contains ,alpha,numeric,at least one upper case and lower case, 8 or more than characters
Using those kind of passwords is ideal but they are really difficult to remember to most people, personally I think is easier to remember 10 to 12 words non related to each other as your password.
legendary
Activity: 3318
Merit: 1133
Leading Crypto Sports Betting & Casino Platform
November 08, 2016, 11:54:07 PM
I do not think that can be a great danger to cryptocurrency than it has shown us the case with the exchange bitfinex. Poor when their wallets are accessed by other persons.

For me I think the danger of the crypto currencies is going to make the fiat money to become as substitute for it. And with the bitfinex exchange that was breached it is not about the danger of being hacked as long as there is some important things included whether it is money or information hackers will exist and we can't stop them.

Absolutely the biggest danger of it is that since the internet is really hackable now a days it would be very risky to be the primary medium of payment. Unlike fiat which is easily be seen the authority can take actions easily

Yes, hacking is possible and we're all aware of it. However, with the technology advancing, we will reach a point where hacking will probably become likely impossible for big corporations like Microsoft and big ideas like Cryptocurrencies. I still want to go for it and I want to keep trusting in Bitcoin, because I think it'll be big one day.

I am from the fields and I am not being so professional here  but microsoft is really prone to hacking and they don't even have the capability to protect your data from browser look at how slow IE is. Now on the other hand if you were going to use google you would understand how volatile browsing is. It is also an issue in our fields on how to get rid of hacking and some experts do always agree that one of the things that you can do to prevent this is to be vigilant be careful of your information.. Use a hybrid type of password which contains ,alpha,numeric,at least one upper case and lower case, 8 or more than characters

About the passwords. It is being suggested by a lot of websites now to create it just like how you said it. There have been a lot of application that can force to hack a password and this way it makes it harder for them. It will take a lot of time to hack in.
hero member
Activity: 1246
Merit: 588
November 08, 2016, 10:46:36 PM
I do not think that can be a great danger to cryptocurrency than it has shown us the case with the exchange bitfinex. Poor when their wallets are accessed by other persons.

For me I think the danger of the crypto currencies is going to make the fiat money to become as substitute for it. And with the bitfinex exchange that was breached it is not about the danger of being hacked as long as there is some important things included whether it is money or information hackers will exist and we can't stop them.

Absolutely the biggest danger of it is that since the internet is really hackable now a days it would be very risky to be the primary medium of payment. Unlike fiat which is easily be seen the authority can take actions easily

Yes, hacking is possible and we're all aware of it. However, with the technology advancing, we will reach a point where hacking will probably become likely impossible for big corporations like Microsoft and big ideas like Cryptocurrencies. I still want to go for it and I want to keep trusting in Bitcoin, because I think it'll be big one day.

I am from the fields and I am not being so professional here  but microsoft is really prone to hacking and they don't even have the capability to protect your data from browser look at how slow IE is. Now on the other hand if you were going to use google you would understand how volatile browsing is. It is also an issue in our fields on how to get rid of hacking and some experts do always agree that one of the things that you can do to prevent this is to be vigilant be careful of your information.. Use a hybrid type of password which contains ,alpha,numeric,at least one upper case and lower case, 8 or more than characters
newbie
Activity: 42
Merit: 0
November 08, 2016, 10:46:10 PM
hi
legendary
Activity: 2450
Merit: 1047
November 08, 2016, 10:24:06 PM
We don't have one government to run all our affairs the cia or the fbi cannot interfere on countries that uses bitcoin and I doubt that they can do that,right now we have massive adoption and people are openning up on Bitcoin there will be a lot of problems if they interfere.
hero member
Activity: 672
Merit: 500
November 08, 2016, 09:48:30 PM
The world may keep using and supporting fiat, but big corporations and companies are recognizing the bitcoin value and the blockchain technology, and those are working into something to save the money they currently waste with their transactions.
For what I have seen governments and corporations seem to like the blockchain technology and are even developing their own but they don't seem to like to have a currency on  top of it.
Yeah, any way bitcoin/crypto currency is the same with fiat. goverment Support fiat becouse they get benefit from fiat it is okay, but They know that crypto currency is better than fiat. if I am didnt wrong, bitcoin price ever reach about $1000, the china goverment was forbid the bank for tansaction with bitcoin. I think becouse they can not rule bitcoin. So I think goverment will try to adopt bitcoin in their country. Becouse the fact is bitcoin have so many advantage. Thats my oppinion.
hero member
Activity: 1666
Merit: 701
November 08, 2016, 08:50:59 PM
You are probably aware of the recent news about removing the fiat money for good and building up the cashless world.

Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.

There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:

If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.

What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.

Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!

 I am not sure if that's a good thing. Being dependent so much on computers just scares me.

I've ever heard someone talked about this. He is sure that this kind of money, this cryptocurrency would be famous than paper money because of its advantages. if this would happen, money would control us, IMO. we should be in front of computer or smartphone to earn money. our eyes wouldn't be in good condition because of computer contact. people would care less to people around. how scary it would be.
hero member
Activity: 756
Merit: 501
November 08, 2016, 06:50:44 PM
Gold is the only real money guys.

I still hold some bitcoins just not to miss some pumps but it is clear as day.

Gold is the only viable currency. Every other thing out there have their weaknesses. Gold have none. It may have some disadvantages like not being so mobile but don't get confused; it is not a weakness, only a disadvantage over bitcoin.

As a wise man once said;

"If you can't lick it, you don't own it."

Gold this is too expensive to invest and that is the disadvantage of gold more people wanting to invest but more of them cannot afford that is why we must prefer to invest in bitcoin and we are believing that bitcoin can gives us wealth in the future

Gold's price is unimportant.



See this? It gives %10 minimum profit for every year. (25% yearly average) You don't have to do anything at all. You don't have to worry about banks, stock markets, wars, nothing. Just put them in a secure place and that's it. You are safe for all eternity. The only thing you should be afraid of are thieves. Guess what? They can rob banks too.
Looking those chart makes people thing that gold is just collecting more income year by year, but its wrong or you are telling us the gold had growed 300% since 2001? Those only shows that currencies lost their value over time, and the financial problems makes gold silver and others, otherwise gold should be worthing around 5000 dollars. Now get a chart of bitcoin on the last 7 years and compare it with gold.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
November 08, 2016, 04:44:49 PM
The world may keep using and supporting fiat, but big corporations and companies are recognizing the bitcoin value and the blockchain technology, and those are working into something to save the money they currently waste with their transactions.
For what I have seen governments and corporations seem to like the blockchain technology and are even developing their own but they don't seem to like to have a currency on  top of it.
legendary
Activity: 3276
Merit: 2442
November 08, 2016, 04:19:22 PM
Gold is the only real money guys.

I still hold some bitcoins just not to miss some pumps but it is clear as day.

Gold is the only viable currency. Every other thing out there have their weaknesses. Gold have none. It may have some disadvantages like not being so mobile but don't get confused; it is not a weakness, only a disadvantage over bitcoin.

As a wise man once said;

"If you can't lick it, you don't own it."

Gold this is too expensive to invest and that is the disadvantage of gold more people wanting to invest but more of them cannot afford that is why we must prefer to invest in bitcoin and we are believing that bitcoin can gives us wealth in the future

Gold's price is unimportant.



See this? It gives %10 minimum profit for every year. (25% yearly average) You don't have to do anything at all. You don't have to worry about banks, stock markets, wars, nothing. Just put them in a secure place and that's it. You are safe for all eternity. The only thing you should be afraid of are thieves. Guess what? They can rob banks too.
hero member
Activity: 714
Merit: 531
November 08, 2016, 04:13:32 PM
Gold is the only real money guys.

I still hold some bitcoins just not to miss some pumps but it is clear as day.

Gold is the only viable currency. Every other thing out there have their weaknesses. Gold have none. It may have some disadvantages like not being so mobile but don't get confused; it is not a weakness, only a disadvantage over bitcoin.

As a wise man once said;

"If you can't lick it, you don't own it."

Gold this is too expensive to invest and that is the disadvantage of gold more people wanting to invest but more of them cannot afford that is why we must prefer to invest in bitcoin and we are believing that bitcoin can gives us wealth in the future
legendary
Activity: 3276
Merit: 2442
November 08, 2016, 04:06:29 PM
Gold is the only real money guys.

I still hold some bitcoins just not to miss some pumps but it is clear as day.

Gold is the only viable currency. Every other thing out there have their weaknesses. Gold have none. It may have some disadvantages like not being so mobile but don't get confused; it is not a weakness, only a disadvantage over bitcoin.

As a wise man once said;

"If you can't lick it, you don't own it."
legendary
Activity: 3248
Merit: 1402
Join the world-leading crypto sportsbook NOW!
November 08, 2016, 02:37:37 PM
I think I am just more optimistic about this stuff. I don't think that there is any good government or so but I think that there is no evil government as well nowadays. So, I don't think we will be ripped by something like this.The danger of cryptocurrencies is different for me. I think about people tanding to idealize the world. We alredy have math and theoretical science which basically idealizes our world and we don't actually notice it. Bitcoin can idealize money. And thus step by step we lose connection to our world which will cause a big crisis eventually.
full member
Activity: 238
Merit: 100
it's showtime
November 08, 2016, 02:28:57 PM
We would have a massive problem if we had a power outtage for weeks on end. We would have to start trading things like back in the day Smiley

Thats why you need to diversify and invest in some precious metals!
I'm telling you, when the end of the world hits and everything looks like a Mad Max movie, you need something to trade for food, guns, and ammo!  Grin
When something like that happens to the world, I'm pretty sure people won't be panicking like, "Oh my God! Where are all the sapphires, emeralds, and rubies at? I can trade all of my food in exchange to those." At that point, the world would be at a survival state. People would prefer having food to eat, not stones. Those precious stones wouldn't increase their survival rate.

If you watched Mad Max, you should invest in WATER! A lot of specialists already said it Wink

That's it @fatanut, if we go to a survival mode, only professionals will survive, like militars and non-tech people that are able to hunt and things like that.
legendary
Activity: 1008
Merit: 1060
November 08, 2016, 11:26:40 AM
We would have a massive problem if we had a power outtage for weeks on end. We would have to start trading things like back in the day Smiley

Thats why you need to diversify and invest in some precious metals!
I'm telling you, when the end of the world hits and everything looks like a Mad Max movie, you need something to trade for food, guns, and ammo!  Grin
When something like that happens to the world, I'm pretty sure people won't be panicking like, "Oh my God! Where are all the sapphires, emeralds, and rubies at? I can trade all of my food in exchange to those." At that point, the world would be at a survival state. People would prefer having food to eat, not stones. Those precious stones wouldn't increase their survival rate.
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