Quote from: rockyboy on July 26, 2018, 10:27:25 PM

Quote from: adjudicator on July 26, 2018, 10:21:14 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 .

For me, bitcoin is the safest system because of the online and offline wallet that we used, it is being secured and much safer than a normal wallet which can be snatch by other people, in online wallet we will used some private key to open it and it is composed of numbers and letters and it is hard to memorize it.

You are correct, the latest technology is the safest wallet we have for nobody can take it that easy unless they have the private keys. But as long as the private keys are safe, your money are all safe too.

Yes, just like burying gold in the ground, scattering rusty nails around the area, and then writing down the exact GPS location and hiding it. The only person who will ever know that something valuable is there is you, unless that secret gets out. Crypto wallets have similar attributes. You can put it on a hard drive and no one will ever know that it's there unless you tell them. So it's your secret to keep.

That's why house robbers are now going after hard drives. They never know what they can find on them. It could be a million dollars worth of Crypto!