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Started By
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Crypto crew, I have some questions
Posted on 2/7/21 at 5:08 pm
Posted on 2/7/21 at 5:08 pm
First, what platform are yall using to trade with?
Second. After doing some research I wonder how they are so many people that are certain it can't be hacked.
I get the premise that there is thousands of computers but wouldn't a time activated trojan be able to infiltrate the whole system?
Second. After doing some research I wonder how they are so many people that are certain it can't be hacked.
I get the premise that there is thousands of computers but wouldn't a time activated trojan be able to infiltrate the whole system?
7
Posted on 2/7/21 at 5:09 pm to GREENHEAD22
Coinbase is the first and only place to start for newbies
You did shitty research if you are talking about bitcoin.
quote:
Second. After doing some research I wonder how they are so many people that are certain it can't be hacked.
You did shitty research if you are talking about bitcoin.
This post was edited on 2/7/21 at 5:24 pm
Posted on 2/7/21 at 5:10 pm to Pendulum
Roger, appreciate it.
Posted on 2/7/21 at 5:10 pm to Pendulum
Coinbase Pro because the fees are a good bit friendlier relative to Coinbase
Posted on 2/7/21 at 5:11 pm to Pendulum
How about explaining instead of talking shite.
Posted on 2/7/21 at 5:13 pm to GREENHEAD22
I’d suggest watching the 3Blue1Brown video on how a cryptocurrency works and how blockchain technology combined with cryptography essentially crowdsources security. Your wallet can be hacked if it’s hosted online (“hot wallet”) like if your password was discovered for your account or some such, but ultimately cryptos are pretty well and secure and only growing more secure as more users trade with it, especially for offline wallets.
Posted on 2/7/21 at 5:14 pm to GREENHEAD22
Coinbase and CoinbasePro
Posted on 2/7/21 at 5:21 pm to Ross
I understand the crowdsourcing security and yes I agree that it is pretty well and secure. The security is great against a "head on" attack. If a trojan can get installed and stay undetected for a time it will/can infiltrate the whole system. I am just curious so don't shoot the me.
Posted on 2/7/21 at 5:24 pm to GREENHEAD22
Are you referring to the blockchain or a specific wallet/platform?
quote:
trojan
Posted on 2/7/21 at 5:26 pm to GREENHEAD22
The majority of Miner pools aren't going to fall to a fkn "Trojan" dude. It's a ridiculous premise.
If you had 5% understanding of the situation or did any real research, you wouldn't be spouting this off.
If you had 5% understanding of the situation or did any real research, you wouldn't be spouting this off.
This post was edited on 2/7/21 at 5:29 pm
Posted on 2/7/21 at 5:26 pm to jimbeam
The blockchain itself. The thousand/millions of computers that make up the system.
Are you in any other cryptos beside Bitcoin?
Are you in any other cryptos beside Bitcoin?
This post was edited on 2/7/21 at 5:28 pm
Posted on 2/7/21 at 5:26 pm to Ross
I will watch that one, thanks.
Posted on 2/7/21 at 5:28 pm to tduecen
Once you get in it, such as coinbase or pro, get a cold storage wallet. Nano is one to consider
Posted on 2/7/21 at 5:29 pm to GREENHEAD22
I have several cryptos in my portfolio. By very nature, bitcoin is extremely hard to hack, and even if you could hack it, it would cost way more than the hacker stood to make. I’d suggest studying more about blockchain technology. It could really be the future.
It is exponentially more likely that a hacker could access your personal wallet if you’re not careful. Though Coinbase I would wager is one of the safest places to keep your crypto except for a hard drive offline wallet. (This is a contentious point. Coinbase has a ton at stake to protect its clients assets though. I trust their cold storage as much as I would trust myself.)
It is exponentially more likely that a hacker could access your personal wallet if you’re not careful. Though Coinbase I would wager is one of the safest places to keep your crypto except for a hard drive offline wallet. (This is a contentious point. Coinbase has a ton at stake to protect its clients assets though. I trust their cold storage as much as I would trust myself.)
This post was edited on 2/7/21 at 5:32 pm
Posted on 2/7/21 at 5:31 pm to Pendulum
I am not spouting off anything dipshit, I am asking questions trying to learn. GFY
Posted on 2/7/21 at 5:32 pm to jimbeam
The only way to take over the chain would be to control like 75% of the hashing power and hold it for a sustained amount of time to kill off all other existing versions of the chain.
It ain't happening at this point, it's not possible. Even China doesn't have the power anymore, if they instantly controlled all hashing power inside China today, it isn't enough anymore.
Talking bitcoin here
It ain't happening at this point, it's not possible. Even China doesn't have the power anymore, if they instantly controlled all hashing power inside China today, it isn't enough anymore.
Talking bitcoin here
This post was edited on 2/7/21 at 5:35 pm
Posted on 2/7/21 at 5:34 pm to Pendulum
I know. It’s “possible” but not really, and not economically viable even.
This post was edited on 2/7/21 at 5:34 pm
Posted on 2/7/21 at 5:37 pm to GREENHEAD22
I am interested in a simple and dumbed down set of instructions on how to buy btc with less fees and store in the cold wallet.
Posted on 2/7/21 at 5:37 pm to GREENHEAD22
You said "after doing some research" which I call bullshite on. How would your research not begin and end with the security of bitcoin if you did any, which you didn't. But I'll stop being irrationally bothered by it.
This post was edited on 2/7/21 at 5:38 pm
Posted on 2/7/21 at 5:44 pm to Pendulum
Ahh, yea I did, of the 4 videos I watched one talked about a trojan type hack being the only weak link but this video was from 15.
Are you always this much of an unneeded a-hole?
I am not sure what you think I am trying to do with this thread. I am investing in Crypto so.
Are you always this much of an unneeded a-hole?
I am not sure what you think I am trying to do with this thread. I am investing in Crypto so.
This post was edited on 2/7/21 at 5:46 pm
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