Hello pals,
Recently I introduced Bitcoin and cryptocurrency to my friends and family,they liked the concept but they asked me a question that I wasn't able to answer.Is Bitcoin really secure?What if a hacker was able to hack Bitcoin system/blockchain?Who manages Bitcoin security and what are the security measures taken to avoid hackers being able to steal Bitcoins?Why Bitcoin is not blocked for those who use it illegally by buying/selling in the deepweb market?What if governements ban Bitcoin because of these people?
I really appreciate if you guys give me some answers
I believe bitcoin is really secure. Bitcoin has been in the internet since early 2000s as Ive read. Now, if it werent that secure and can easily be stolen, omwouldnt it have a few users already? This is why people prefer bitcoin rather than any crypto currencies, because it is secure. Also, if the government will ban bitcoin, what about those countries that have legalized it, I doubt that they will agree to this.