Quote from: raaajlucky on December 27, 2016, 04:36:12 AM

Quote from: angaper on December 27, 2016, 04:27:38 AM

I am also a bit scared about the possibility of becoming excessively dependent on our computers to manage our money and whole assets.

If these days when the bitcoin is worth $900, we are permanently facing continuous menaces of hackers and scammers to take our coins, I don't know what we could expect in the hypothetic scenario when the price of bitcoin arrives to $100,000 or one million dollars.

How the Bitcoin price increases like that, the problems also increase and hackers and scammers also increase. So the users must take for their coins. If the price is increased to 1 million, the dollar then I think our government will ban this cryptocurrency permanently because they will not get any income from this cryptocurrency.

The technology is secure enough to deal with hackers, but it is our responsibility to deal with scammers. Blockchain is almost near to impossible, so to hack bitcoins, hackers will have to hack our system or devices, so we must stay alerted and take safety precautions.

How about using fiat to avoid hackers?
Its not about fiat or crypto. Its about digital and non-digital so in the era where we are entering is wholly influenced by digital technology, and hence there is no option to avoid this change. There is an equal threat in fiat or crypto but since fiat is a controlled currency, the possibilities of loss are more.