Bitcoin - It's A Safe Bet
Most people are unsure about this new technology and like any new disruptive technology seeds of fear and distrust are sowed by the incumbent players. Up to now the prudent advise is not to invest more than 5% of your portfolio, as one bitcoin may have the potential to be worth a million dollars or it can go to ZERO. Over the two years that I have been immersed in this technology, I have come to the conclusion that the chance of it going to zero is nil.
http://bitcoinandtheblockchain.blogspot.co.nz/2015/11/bitcoin-its-safe-bet.html
Cool article, I read that banks, governments treid to break bitcoin but did not succes, is btc really so string that no hacker can ruin it?Most people are unsure about this new technology and like any new disruptive technology seeds of fear and distrust are sowed by the incumbent players. Up to now the prudent advise is not to invest more than 5% of your portfolio, as one bitcoin may have the potential to be worth a million dollars or it can go to ZERO. Over the two years that I have been immersed in this technology, I have come to the conclusion that the chance of it going to zero is nil.
http://bitcoinandtheblockchain.blogspot.co.nz/2015/11/bitcoin-its-safe-bet.html
Good job Satoshi
Indeed that was a great read. And yes to break Bitcoin you need to hack it's algo, sha-256.
Furthermore Bitcoins hash rate is enormous. Therefore it is the best and safest digital vault you can have.
Furthermore, if Sha-256 is hacked, most financial systems / credit cards / secure sites on the internet will be hacked too.. because many of them use Sha-256 too.
Extra info : http://www.integrigy.com/files/Integrigy_Hashing_Credit_Card_Numbers_Unsafe_Practices.pdf
I am not worried about the private keys being hacked, because I think it's virtually impossible... I am more worried about the security of the 3rd party services being used
by many people. {Coinbase / exchanges / gambling sites.. etc. etc.}
The link posted, summarized most of the fears people have, and also debunked most of these myths.
