Post
Topic
Board Economics
Re: do you know about improper use of bitcoin?
by
13abyknight
on 25/11/2017, 14:27:15 UTC
according to different observation i think few ways are available for abusing bitcoins transections such as Technical weakness , Greedy peoples ro dishonest people , proper management. i would like to describe above mentioned quotatin in briefly
1. technical weakness: we know its a peer to peer transection system throgh confirmed way. within a few second a dishonest  person can get more money by fast  clicking when submit second payment of different recipient.
2. proper management: there is so many lack of proper management of human or account holders. so many hackers want to hack system for getting money because bitcoins holder don't have any insurance like bank account holders. even government don't follow rules and regulation for virtual currency holders.
So what you think about it ?

Pretty confused about your first point, I'm guessing you're referring to a bug being exploited on a third party site or something like double spend which isn't possible in every case.

Regarding your second point, the Bitcoin system is foolproof and can almost be called hack resistant, at least till the 2030 as told by cryptography experts. The only way that any sorts of losses could be incurred due to hacks would be on fragile third party sites offering exchange/wallet services.