Post
Topic
Board Economics
Re: Can bitcoin be a more secured way of handling cash?
by
MMA
on 06/12/2017, 16:53:58 UTC
There's been news going around saying that you need to put in a certain address to able to steal that account. I was wondering if that's fake and bitcoin is a secured way of handling cash.
nope. I don't really think so. Holding cash will literally give you the security for it unlike in Bitcoin which is digital and is not even centralized or controlled by the government. it is indeed secured but since it is digital and everything is virtual, ofcourse there'll be still risks. So i think handling cash will be more secured.
I think handling cash and using bitcoin both have their own merits and demerits. It is risky if you are carrying a big amount of money in form of cash, someone can steel the money from you. while using bitcoin if you have access to your internet connection then you can use your online wallet everywhere and in any time, but still there are chances that someone can hack our Wallet key, But i am hopeful that with the passage of time the security of online wallet will be becoming more stronger as compare to present time because bitcoin is the future of money and in future we can expect that people will be giving more preference to online online shopping and business using bitcoin and other crypto currencies.