Quote from: insurgent on July 29, 2018, 05:53:27 AM

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 .

I thinks bitcoin is the safest system because the owner is the one who control over on his/her bitcoin. And it is also decentralized and digital. No one can trace the real identity of the owner , not even small infromation because bitcoin users are anonymous.

Beside from being anonymous that a lot of people really like because they want that anonymity because they will not be bother for their personal information if they will be sending to money, payment or bitcoin to the other person that they don't really know or trust and beside from that, it is also very safe because the hackers cannot hack bitcoin unless they have quantum computers.