Quote from: mocacinno on May 29, 2018, 06:44:29 AM

Quote from: fiulpro on May 29, 2018, 06:24:26 AM

--snip--
First of all if you own a bank account in a good bank then you should know that its very hard to hack one's bank account, it's almost impossible unless done due to personal flaws, like sharing your key or bank account details or something ,

But still, when talking about traditional banking, i read people falling victim to phising attacks, fake microsoft employees, virusses, exploits, false invoices, money muling on a daily basis...

Quote from: fiulpro on May 29, 2018, 06:24:26 AM

you know the system behind Bitcoins and the system behind banking system is same .

Could you elaborate? AFAIK, traditional banking depends on centralised relational databases and digitised tapes being exchanged between banks... This is not the same as a decentralised, immutable ledger.

Quote from: fiulpro on May 29, 2018, 06:24:26 AM

Something by the name of cryptography whose Advance form is block chain . It's a complex code involving complex mathematics and the transactions are only completed through very complex and complicated steps impossible to penetrate.

The "advanced form" of cryptography is not "block chain". According to wikipedia:

Quote

Cryptography or cryptology is the practice and study of techniques for secure communication in the presence of third parties called adversaries.[2]

source: https://en.wikipedia.org/wiki/Cryptography

While the defenition of blockchain is:

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A blockchain,originally block chain, is a continuously growing list of records, called blocks, which are linked and secured using cryptography.

source: https://en.wikipedia.org/wiki/Blockchain

The idea behind cryptography and block chain is essentially similar , also banks since the beginning are using cryptographic techniques to secure the server try googling banks and cryptography.

Also you know it has been proposed in 2017 that banks could save millions if they start using blockchain , since cryptography is already in use this idea is more or so acceptable.

Blockchain is based on public key cryptography thus it's a part of it , well I would say more advanced for obvious reasons.

The internet banking was since the starting based on cryptography 😐 try finding a little about it.