Now, all crypto currency give us benefits, so i don't think that all crypto have a danger room. Because we can earn free hand from all crypto currencies, and bitcoin is in a top number, even when it is come than many people thought that bitcoin would be die very soon because on one know about it. But now bitcoin still here and have a lot of trust, also an other crypto currencies, we can see these are used on daily basis on altcoin trading.
Well we dont know what will happen in crypto in the future but if bitcoin or any crypto will be illegal to use in some country.. i hope that my country is not one of them. .since bitcoin and other crypto are large help to my life i was collected many altcoin and i hoping for the price increase in the future holding those crypto for a long time can have chance to have a good profit just like on ethereum..
Topic: The danger of the cyptocurrencies - page 35. (Read 45201 times)
Now, all crypto currency give us benefits, so i don't think that all crypto have a danger room. Because we can earn free hand from all crypto currencies, and bitcoin is in a top number, even when it is come than many people thought that bitcoin would be die very soon because on one know about it. But now bitcoin still here and have a lot of trust, also an other crypto currencies, we can see these are used on daily basis on altcoin trading.
Well we dont know what will happen in crypto in the future but if bitcoin or any crypto will be illegal to use in some country.. i hope that my country is not one of them. .since bitcoin and other crypto are large help to my life i was collected many altcoin and i hoping for the price increase in the future holding those crypto for a long time can have chance to have a good profit just like on ethereum.. The danger of bitcoin or altscoins is that you can lose very easy.You need a external backup for security.
I think there is also a secure and easy way to secure bitcoin / altcoin. Put your coins in paper wallet address created over offline computer and save those paper wallet in secure places or even you can bury them on ground within protected case. So if you really want for safety you can use bitcoinqt install anti virus in your pc and backup important files and password from your bitcoin qt.. so that if you want to install it to other wallet you can use backup files to recover it and get your bitcoin..
The danger of bitcoin or altscoins is that you can lose very easy.You need a external backup for security.
I think there is also a secure and easy way to secure bitcoin / altcoin. Put your coins in paper wallet address created over offline computer and save those paper wallet in secure places or even you can bury them on ground within protected case.
The danger of bitcoin or altscoins is that you can lose very easy.You need a external backup for security.
that's why it's important to protect your PC and mobiles, hackers nowadays are very arrogant
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.
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.
There are certain risks when it comes to cryptcurrencies,and some of the things you mentioned are possible to happen.But like in everything else there are risks that we must take and live with them.
CIA may be behind this project,but also it can be any other agency in world.There is also posibility that you are wrong and that Satoshi Nakamoto really existed and that all that he made is for the benefit of all people and financial freedom.
If your thesis is correct I wonder how they are planning to rob all of us one day,I mean to steal BTC from our desktop/hardware wallets?
I don't know guys.
Some of you agreed with me and some of you didn't, as i expected.
It just bugs me what if we are signing our own death certificate by supporting cryto currencies?
Yes it is decentralised for now and everyone can see the source code, but...
what if bitcoin becomes the only currency and suddenly it becomes centralised after an update?
See windows10? it should have been the ultimate windows, yet it sucks.
Some of you agreed with me and some of you didn't, as i expected.
It just bugs me what if we are signing our own death certificate by supporting cryto currencies?
Yes it is decentralised for now and everyone can see the source code, but...
what if bitcoin becomes the only currency and suddenly it becomes centralised after an update?
See windows10? it should have been the ultimate windows, yet it sucks.
I just hope those if will never happen,so far the other crypto currencies are doing great and people are adopting multiple crypto currency and about being centralized I wonder how would that be possible when everyone is fighting for decentralization
Now, all crypto currency give us benefits, so i don't think that all crypto have a danger room. Because we can earn free hand from all crypto currencies, and bitcoin is in a top number, even when it is come than many people thought that bitcoin would be die very soon because on one know about it. But now bitcoin still here and have a lot of trust, also an other crypto currencies, we can see these are used on daily basis on altcoin trading.
Cryptocurrency have always made me happy because i could earn for free from internet and i could easily transfer from one country to another. But if government ban it then I have to quit bitcoin and that's the biggest fear that i have now. Previously i had feared of money laundering policies and I thought that bitcoin is fake and my money could go waste but that fear is no longer in me.
So you are essentially saying that if paper money (paper money doesn't seem to sound as muscular and forceful as physical cash, lol) gets removed, it will crash the whole fiat system, right? Personally, I am a heavy user of bank cards, though I still have a small amount of ready money at home for a contingency, but which I touch very rarely...
And it seems that I could do quite fine without it altogether for the majority of time
Hahaha with all these cyber hacks going on, I would not bet on bank cards. Especially if the server just goes down for any reason. You are in the middle of a supermarket, with a full cart of stuff. You go to the till, and want to pay, but OOPS your bank card is offline, now you have to go back, put the products back, and leave empty handed.
How unfortunate........ You wont be eating that day!
I always have a few paper notes in my pocket for such cases. It does happen sometimes but not very often really. On the hand, if there is a problem with online payment and you don't have cash, you never have to go back and put foods back on the shelves. You just leave the cart at the cash register, since it is more often than not a problem with the shop, not with the bank...
At least, you can always claim that
Strange, here they make you put the stuff back on the shelf before leaving if you dont buy, how rude for them.
But even if you are ok, most people are not, as I said, when i go shopping i rarely see more than 3-4 bills in the wallet of the shoppers. Probably not more than 100-200$ in the average wallet of people.
I see quite a lot of buyers paying with bank cards nowadays, but I don't look into their wallets, so I can't say whether they have cash or not. On the other hand, I never buy so many foods that I would have to pay even a hundred dollars. In most cases, it is well below fifty. I refrain from buying most fancy shit that is on the shelves...
Neither am I a compulsive shopper
So you are essentially saying that if paper money (paper money doesn't seem to sound as muscular and forceful as physical cash, lol) gets removed, it will crash the whole fiat system, right? Personally, I am a heavy user of bank cards, though I still have a small amount of ready money at home for a contingency, but which I touch very rarely...
And it seems that I could do quite fine without it altogether for the majority of time
Hahaha with all these cyber hacks going on, I would not bet on bank cards. Especially if the server just goes down for any reason. You are in the middle of a supermarket, with a full cart of stuff. You go to the till, and want to pay, but OOPS your bank card is offline, now you have to go back, put the products back, and leave empty handed.
How unfortunate........ You wont be eating that day!
I always have a few paper notes in my pocket for such cases. It does happen sometimes but not very often really. On the hand, if there is a problem with online payment and you don't have cash, you never have to go back and put foods back on the shelves. You just leave the cart at the cash register, since it is more often than not a problem with the shop, not with the bank...
At least, you can always claim that
Strange, here they make you put the stuff back on the shelf before leaving if you dont buy, how rude for them.
But even if you are ok, most people are not, as I said, when i go shopping i rarely see more than 3-4 bills in the wallet of the shoppers. Probably not more than 100-200$ in the average wallet of people.
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.
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
Yeah exactly once, the problem of hacking is a very dangerous thing in the world kriptocureency. But I think if we use the system and act carefully in terms of money. I think we can avoid it all. hehe
So you are essentially saying that if paper money (paper money doesn't seem to sound as muscular and forceful as physical cash, lol) gets removed, it will crash the whole fiat system, right? Personally, I am a heavy user of bank cards, though I still have a small amount of ready money at home for a contingency, but which I touch very rarely...
And it seems that I could do quite fine without it altogether for the majority of time
Hahaha with all these cyber hacks going on, I would not bet on bank cards. Especially if the server just goes down for any reason. You are in the middle of a supermarket, with a full cart of stuff. You go to the till, and want to pay, but OOPS your bank card is offline, now you have to go back, put the products back, and leave empty handed.
How unfortunate........ You wont be eating that day!
I always have a few paper notes in my pocket for such cases. It does happen sometimes but not very often really. On the other hand, if there is a problem with online payment and you don't have cash, you never have to go back and put foods back on the shelves. You just leave the cart at the cash register, since it is more often than not a problem with the shop, not with the bank...
At least, you can always claim that
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
So you are essentially saying that if paper money (paper money doesn't seem to sound as muscular and forceful as physical cash, lol) gets removed, it will crash the whole fiat system, right? Personally, I am a heavy user of bank cards, though I still have a small amount of ready money at home for a contingency, but which I touch very rarely...
And it seems that I could do quite fine without it altogether for the majority of time
Hahaha with all these cyber hacks going on, I would not bet on bank cards. Especially if the server just goes down for any reason. You are in the middle of a supermarket, with a full cart of stuff. You go to the till, and want to pay, but OOPS your bank card is offline, now you have to go back, put the products back, and leave empty handed.
How unfortunate........ You wont be eating that day!
I see people having less than 50$ in their wallets, and pay mostly with cards. I would laugh my ass off if a situation like this would happen, many idiots will not eat for a few days.
If there is no cash, they can't skyrocket. 
Gold and Silver themselves become the rocket. That means you won't have to estimate gold prices in FIAT anymore because there won't be any.
Lets say If my house is worth 200k$=157,48ounces of gold, today;
When the cash gets removed, Everything will be fucked. It is worth can rise to 500ounces of gold or it can be dropped to 100ounces. People gonna freak out, some stuff will have more priority than the others as it should have been long time ago. (like food and shelter)
A nice house is a nice house. You can estimate its value for USD because with the same amount of USD you know that you can buy another "nice house" from somewhere else. Until gold provides that kind of trust, everything will be doomed for a few months maybe years.
I haven't even mentioned the gold counterfeiters. If there is something gonna skyrocket in those times, it is them.
Gold and Silver themselves become the rocket. That means you won't have to estimate gold prices in FIAT anymore because there won't be any.Lets say If my house is worth 200k$=157,48ounces of gold, today;
When the cash gets removed, Everything will be fucked. It is worth can rise to 500ounces of gold or it can be dropped to 100ounces. People gonna freak out, some stuff will have more priority than the others as it should have been long time ago. (like food and shelter)
A nice house is a nice house. You can estimate its value for USD because with the same amount of USD you know that you can buy another "nice house" from somewhere else. Until gold provides that kind of trust, everything will be doomed for a few months maybe years.
I haven't even mentioned the gold counterfeiters. If there is something gonna skyrocket in those times, it is them.
Read first, then reply, and not the other way round
The point is about a cashless world, not a world without money (fiat). Fiat is already mostly digital, so the question is what would happen if paper money gets completely removed, and all your expenditures will be "monitored everywhere". My point is that precious metals will be used instead of ready money (cash), but this doesn't per se mean that they will cease to be priced in dollars, bitcoins, or whatever
It is the same thing deisik, it is the same thing
. If physical cash gets removed, those 1's and 0's in the bank accounts won't mean a shit. They all gonna collapse. If they ever remove cash they are going to force people to stay in the banking system. As you know, most people won't agree with this crap. And it is going to ruin FIAT or cash or digital dollars, papers or whatever you name, all will be collapsedSo you are essentially saying that if paper money (paper money doesn't seem to sound as muscular and forceful as physical cash, lol) gets removed, it will crash the whole fiat system, right? Personally, I am a heavy user of bank cards, though I still have a small amount of ready money at home for a contingency, but which I touch very rarely...
And it seems that I could do quite fine without it altogether for the majority of time
Users control their bitcoin. Bitcoin is created to be a currency and other investment although it is being potential to an investment to. People who have sins heart will use everything to do a crime, include bitcoin. But people who have holy heart will use everything of their to do a good thing, and bitcoin can be the good way to change the world in positive. Bitcoin anonimity was being the reason why criminal use it for their crime, but it still not bitcoin fault becouse so many people use bitcoin not in crime too.
is this some holy grail shit or something,i cannot understand what you are talking about ,if you trying to tell there are good and bad people using bitcoin ,hell yeah there are good and bad people in all walk of life,bitcoin is not anonymous as you think it is ,dash and monero comes under that category . 
If CIA is behind a cashless world then the Criminals will be gone in a day. As tracking them would be possible and all wallets are controlled by the government. There won't be anymore freedom on where you spend your money as it will be monitored everywhere. Even creating a new wallet address must be screened by the government. But I don't think that is possible as it is a violation of privacy.
If the world is cashless, criminals will turn to using barter, gold or cryptocurrencies. Money is just a tool.
It is different from wealth, which criminals want to accumulate.
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