Post
Topic
Board Bitcoin Discussion
Re: Is digital currency powerful?
by
coinremitter
on 07/10/2023, 07:07:01 UTC
no one can rob it
This is false... your cryptos aren't 100% secure and they can be robbed. Let's say you have your private keys on your home in a paper wallet, and a thief joins to your house and steals those private keys, another example is, let's say you have your private keys in your computer, and you download some software with a malware, that way your keys can get rob. And a last example, let's say you work hard on security and no one can access to your private keys, but sadly a user finds your private key with brute force.

You can use it globally and expand your business internationally
You can do this but would be done in an illegal way, because the government loves taxes, and if you close a deal without paying taxes then you will be doing something illegal for them.
I appreciate your concerns about the security of cryptocurrencies and private keys. At Coinremitter, we take security seriously and understand the potential risks associated with digital assets.

Firstly, you're absolutely right that physical security is crucial. Storing private keys in a secure location, like a safe or a hardware wallet, is recommended to prevent theft. We always advise our users to take necessary precautions when it comes to physical storage.

Secondly, malware and phishing attacks are real threats. We encourage users to maintain updated antivirus software and exercise caution when downloading any files or clicking on links. Safeguarding your computer is essential to protect your private keys.

Lastly, brute force attacks are indeed a concern. That's why we encourage users to create strong, complex passwords and consider using multi-factor authentication (2FA) for added security. It's crucial to stay vigilant and take measures to protect your private keys from unauthorized access.

Regarding your mention of taxes, we advocate for compliance with local tax regulations. It's essential to report and pay taxes on cryptocurrency transactions as required by your jurisdiction. Coinremitter does not endorse or support any illegal activities.

In conclusion, while cryptocurrencies offer numerous benefits, they also come with responsibilities and risks. https://coinremitter.com/?utm_source=com&utm_medium=bitcointalks is committed to promoting secure practices and compliance with the law to ensure a safe and responsible cryptocurrency experience for all users.