Topic: The danger of the cyptocurrencies - page 9. (Read 45218 times)
Well cryptocurrencies haven't posed any major threat or danger so far as I know and most of them are doing just fine on the market and in usage. There's no cause for concern as we are still enjoying the financial freedom Bitcoin and the blockchain has brought to the crypto world. There might be few hitches here and there but it's just normal as with other currencies that's why the core developers are there to address them.
yes the main danger of cryptocurrency is that government and other agency are opposing bitcoin and its further spread into financial sectors because of its volatile nature and unstability.
If volatile nature and instability is the issue the government has to ban the forex and stock exchange as well as the speculation market and then talk about holding up the crypto world with the same reason. I really do not think these are the reasons they have in mind and the only danger i could see here in this world is scam and nothing else.If you are careful then there is nothing to worry. Cryptocurreny is safe it's just where the user decides where to keep their coins.
All exchanges are not secure.
Hacked this and hacked that.
They were all jacked last night son!
I think the point here is not about savnest of your coins and places where to hold coins to feel safe. I think that fact that new crypto currencies appear and disappear almost every day and there is high risk that those currency that you have bought or/ and decided to invest in can just disappear one day and you will loose all your money. All exchanges are not secure.
Hacked this and hacked that.
They were all jacked last night son!
yes the main danger of cryptocurrency is that government and other agency are opposing bitcoin and its further spread into financial sectors because of its volatile nature and unstability.
Aside from that the real danger in cryptocurrency is the lack of skills and knowledge of users to adapt to the volatility and to the trading market. When people has no knowledge they will end up losing their capital instead of earning but if a user or holder knows the basics then he will not easily lost his capital. There are many problems in cryptocurrency but there are also ways to overcome them. Always remember knowledge is power.
yes the main danger of cryptocurrency is that government and other agency are opposing bitcoin and its further spread into financial sectors because of its volatile nature and unstability.
No actually the real danger of the cryptocurrencies is that they become something that is used by the black market traders for illegal activities, for quite some time this has been a really major issue which made some countries put some laws on using cryptocurrencies.Because they are being used without being able to track down or know who is and for what it is used for, and that is a really big problem and we need to find a solution for it before it makes a really bad reputation for bitcoin.
The most danger you are in is losing access to your wallet. That would just suck.
I can't really think k of anything else because there just isn't anything else. I mean what is bad about it ? Nothing that's what.
I can't really think k of anything else because there just isn't anything else. I mean what is bad about it ? Nothing that's what.
yes the main danger of cryptocurrency is that government and other agency are opposing bitcoin and its further spread into financial sectors because of its volatile nature and unstability.
Nothing The danger of the cyptocurrencies. I think crypto currency future looks very good at this time.
I don't see any danger of the various cryptocurrencies, I think they are doing extremely well like you say but it's not 100% but there's room for improvement. Bitcoin for instance has its own issues with delayed confirmations but that doesn't make it a danger to its usage.
Let us not hope already that majority of the population in this world will adopt with bitcoin, only few people are willing to take the risk of this new technology. As the world moves to the new technology, there will be people that will be left behind due to lack of capacity and education to adopt.
That is the reality but it's not the danger of crypto currency as we can still be progressive even without the adoption of the majority.
the danger what op talking about are a worries on how government can seize your money over the internet/computer much more easy than when have to do it in real life on paper money like USD and i think it is just excessive anxiety.That is the reality but it's not the danger of crypto currency as we can still be progressive even without the adoption of the majority.
too much speculation here without a good proof on what can bitcoin do to threaten financial system
Well, if we are talking about what Bitcoin could potentially do to a financial system based on fiat, that seems to be pretty straightforward. Basically, it could just wreak havoc in the finances of a country. In fact, an incompetent or downright rogue government might do essentially the same even without Bitcoin, for example, by heavily devaluing their currency, but Bitcoin can do exactly that entirely on its own, i.e. crowd out state money. Indeed, this is highly unlikely to happen for such conditionally hard currencies like the US dollar or Euro, but it is quite feasible with weak currencies like the Venezuelan bolivar
Many currencies across the world have less total value (market cap) than Bitcoin (in dollar terms)
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?
Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project?
Intelligence agencies like the FBI, CIA, NSA et al oppose encryption being utilized in everything from cell phones to PC's.
There would be irony present in them supporting encryption in currency, when they have expressed a wholesale condemnation of encryption everywhere else.
I think if the CIA was behind a digital currency, it would be exactly like bitcoin except there would be as little encryption involved as possible and zero anonymity.
That is more dangerous if the CIA is behind a cryptocurrency. Imagine your transactions being opened by those who are in control.
Bitcoin was made to annihilate that kind of thing. People want privacy now and the government dont want that. That is the real danger they are afraid of. If the people will see that everything they transact can be accessed by the government, they might lose their way of tracing everyone.
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?
Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project?
Intelligence agencies like the FBI, CIA, NSA et al oppose encryption being utilized in everything from cell phones to PC's.
There would be irony present in them supporting encryption in currency, when they have expressed a wholesale condemnation of encryption everywhere else.
I think if the CIA was behind a digital currency, it would be exactly like bitcoin except there would be as little encryption involved as possible and zero anonymity.
That is more dangerous if the CIA is behind a cryptocurrency. Imagine your transactions being opened by those who are in control.
Bitcoin was made to annihilate that kind of thing. People want privacy now and the government dont want that. That is the real danger they are afraid of. If the people will see that everything they transact can be accessed by the government, they might lose their way of tracing everyone.
Intelligents work to steal information and financial transactions, not stealing customers money. They have restrictions in work and we can't avoid it. Satoshi Nakamoto didn't reveal his own identity in order to keep bitcoin spread independently and anonymously. CIA most likely entered into system by exploiting bug from wallet, as long as we don't commit a crime, it's okay.
Nothing The danger of the cyptocurrencies. I think crypto currency future looks very good at this time.
On the way a lot of bitcoin will dangers. It is not the first time I heard talk of creating a bitcoin bank. That would be a very layered moment in the life of bitcoin users.
Nothing The danger of the cyptocurrencies. I think crypto currency future looks very good at this time.
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?
Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project?
Intelligence agencies like the FBI, CIA, NSA et al oppose encryption being utilized in everything from cell phones to PC's.
There would be irony present in them supporting encryption in currency, when they have expressed a wholesale condemnation of encryption everywhere else.
I think if the CIA was behind a digital currency, it would be exactly like bitcoin except there would be as little encryption involved as possible and zero anonymity.
That is more dangerous if the CIA is behind a cryptocurrency. Imagine your transactions being opened by those who are in control.
Bitcoin was made to annihilate that kind of thing. People want privacy now and the government dont want that. That is the real danger they are afraid of. If the people will see that everything they transact can be accessed by the government, they might lose their way of tracing everyone.
Intelligents work to steal information and financial transactions, not stealing customers money. They have restrictions in work and we can't avoid it. Satoshi Nakamoto didn't reveal his own identity in order to keep bitcoin spread independently and anonymously. CIA most likely entered into system by exploiting bug from wallet, as long as we don't commit a crime, it's okay.
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?
Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project?
Intelligence agencies like the FBI, CIA, NSA et al oppose encryption being utilized in everything from cell phones to PC's.
There would be irony present in them supporting encryption in currency, when they have expressed a wholesale condemnation of encryption everywhere else.
I think if the CIA was behind a digital currency, it would be exactly like bitcoin except there would be as little encryption involved as possible and zero anonymity.
That is more dangerous if the CIA is behind a cryptocurrency. Imagine your transactions being opened by those who are in control.
Bitcoin was made to annihilate that kind of thing. People want privacy now and the government dont want that. That is the real danger they are afraid of. If the people will see that everything they transact can be accessed by the government, they might lose their way of tracing everyone.
I think, using cryptocurrency are not as dangerous if you use it properly. but in general, cryptocurrency increase illegal transactions that occur in every country. Besides, the government saw cryptocurrency as a transaction tool that can make fiat replaced. Well, cryptocurrency not provide government revenue because there is no tax on it.
That's actually the only danger that I can see with it is if you will use it illegally. We know that bitcoin (crypto) is the main currency in the dark market (deep web) and that's why it's also one of the reason why the demand is becoming high. And there are some countries that are prohibiting the usage of bitcoin upon seeing this use.
Cryptocurreny is safe it's just where the user decides where to keep their coins.
All exchanges are not secure.
Hacked this and hacked that.
They were all jacked last night son!
All exchanges are not secure.
Hacked this and hacked that.
They were all jacked last night son!
I think, using cryptocurrency are not as dangerous if you use it properly. but in general, cryptocurrency increase illegal transactions that occur in every country. Besides, the government saw cryptocurrency as a transaction tool that can make fiat replaced. Well, cryptocurrency not provide government revenue because there is no tax on it.
That's actually the only danger that I can see with it is if you will use it illegally. We know that bitcoin (crypto) is the main currency in the dark market (deep web) and that's why it's also one of the reason why the demand is becoming high. And there are some countries that are prohibiting the usage of bitcoin upon seeing this use.
The fact that cryptocurrency is made in a computer and used in the internet gives it a big a danger to itself. It is very prone to hackers. And no one can say how long can it last over the internet. Because cryptos are also money some people are still having doubt to invest and use it because it will be easy for someone to steal it. And the transaction made by crytos are anonymous.
The same can be said about paypal, credit cards, gift cards and any medium we could use to pay online, the only problem is you cannot get your money back with bitcoin since you cannot chargeback transactions like with paypal, that is a characteristic of bitcoin I love, but that helps hackers and scammers to get away with their crimes.and yepp since it could happened in any other online payment proccessor too ,
there always a pros and cons , and for me bitcoin still have a lot of things that can be exploited ,
for example cryptocurrency make people not socialize in real life , it is the worst scenarion i ever imagine, the world withoit socializing.
I think, using cryptocurrency are not as dangerous if you use it properly. but in general, cryptocurrency increase illegal transactions that occur in every country. Besides, the government saw cryptocurrency as a transaction tool that can make fiat replaced. Well, cryptocurrency not provide government revenue because there is no tax on it.
The one i think that the danger of using cryptocurrency is being volatile on the price because if you buy at a high price then suddenly it drops then you already loss a few amount of money. Yes you are right, If we use it properly then there is nothing to worrry aboout because we make sure that we will do the right things before engaging any decisions.
Government will take profit in cryptocurrency soon, We know that the government will do anything just to earn money not just by tax and also other things like getting fees on bitcoin. That is possible because we are used to that kind of attitude of the government.
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