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
Personally, I think bitcoin is secure. Althouh it has made headlines that hackers had enter etc. I think it is just the users mistakes. The best action to take is always secure your coin and do not leave it hanging in online wallet for hackers to take. Bitcoin has a next level security, and I think thats why people use it. Even some criminals/terrorist as stated by the news. Thats how secured bitcoin is.
Yes, if the users can secure their wallet careful, no one can robs money from their system, devices. As long as the users have mistake in security wallet, the hacker can take advantage the bug in system and access to the Bitcoin's user system to rob money. Nothing easier than hacking a wallet without password.