Quote from: Ayaancool on May 29, 2018, 03:05:32 PM

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

Hey everyone I have heard newbies and other people asking about how safe is the Bitcoins and it's transactions well I think it will be beneficial to have a little discussion on this .

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 , you know the system behind Bitcoins and the system behind banking system is same .
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.
For Bitcoins the same thing operates but with no intervening part or whatsoever , it's p2p direct transactions and this is even more secure and private.

The reason why you hear news like :- someone got their Bitcoins stolen or something is because they have personal flaws , they shared the private keys or the password with someone else..or they used a bad wallet.

It's on you how safe you make it .

Even the negative stories that seem to flood the news at times,bitcoin is actually more secure than most other financial systems. The developer of Bitcoin, built the network with certain measures to ensure its safety.

I think it is about the person's problem because they got stole because of the link they use because it is too hard to hack the security of bitcoin as we see and it is too hard to detect using address only, right?

It's true that it is the fault by a person who lost their money and not the system of bitcoin. We see that we are at digital and no thing can hack your address, unless they use keylogger and you open your account when they do that.