Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: AltLogan on June 24, 2019, 10:31:25 AM
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Is crypto security became stronger or more vulnerable?
I really tired of news about hacks again and again.
It seems they provide better level of security but there is still huge hole in practice.
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i think the more actions to secure it - the more vulnerable it can become in front of hackers.
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You can call it a race on who is better between these exchanges and these hackers. Do not be fooled into thinking that because there are no recent news about hacks, the exchanges are more secure now. Well it could be true that they have upgraded their security systems but that does not mean hackers are not upgrading/improving also. It's a known fact that these hackers are very patient in setting up their attacks.
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we must strive for security of the assets that we have. we must not be too trusting of the wallet security system that is offered by many investors. security that is truly safe is a device of ourselves, not of others.
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So far, I have seen that the level of security against crypto is increasing, but there is always a way for hackers to do what they want, like what has happened a long time ago when Binance was hacked. They are often hacked because they have a lot of investors and proven crypto security in exchange it is still vulnerable to hacking and now we don't need to worry because the level of security for cold wallet is very difficult to hack
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It's because even the security are keep upgrading and becoming more difficult the more those people (hackers) thrilled to learn on how they will going to crack it. It's just like a battle between the knowledges of two kind of person. I guess crypto will really going to take more time for it.
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In my opinion, Cryptocurrency will not be able to say 100% has sufficient security or can be said that it will never be able to be hacked. Because Cryptocurrency is digital technology, and everything is online and related to the Internet. And that is an easy thing for famous hackers. Never mind our account, only a country's secret documents can be hacked by criminals. In essence, if we have been involved in the Cryptocurrency World we must be prepared with all the risks we will receive, but we must remain extra careful in everything.
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You have spoken well, and obviously this situation currently happening in crypto ecosystem is what we may experience for a long time to come. I think every business will always have its own risks and hack has become part of cryptocurrency. This just my opinion.
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In my opinion, every project of the coins always prepare the high security and the developers also always ensure to check their security. However, hackers will be always hackers with their high skill and chance to hack. Sometimes, it is outside of our minds.
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To some extent their some of level of security because hackers can bang into ones account except one give tipd about it I.e necessary info that they take advantage on, because most project have standby security
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if we talk about exchanges and purses then I think none of them is completely protected. The hackers will sooner or later find ways to break the stock exchange or the purse. And unfortunately, they have not found yet another way to track and hack these hackers when they sell stolen cryptocurrency. On exchanges, I would say it's even more dangerous to keep assets than on a cold wallet because the stock exchange can steal your assets and then say that they hacked hackers
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You can call it a race on who is better between these exchanges and these hackers. Do not be fooled into thinking that because there are no recent news about hacks, the exchanges are more secure now. Well it could be true that they have upgraded their security systems but that does not mean hackers are not upgrading/improving also. It's a known fact that these hackers are very patient in setting up their attacks.
Completely agree. In addition, most of the hacks are the result of user mistakes. Too many people still do not use 2FA app. Or they use the same email address for both exchanges and airdrops.
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Well, it's good to remember about the security of your coins. There always be a hacking risk, that's one of the features of cryptocurrency market. You can playdown the risk by using some reliable cryptocurrency exchanges (I can recommend CoinDeal (https://coindeal.com), that's my number one) and hardware wallet. Remember that any of your steps could be dangerous, always try to be cautious
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Yes we all are afraid of crypto security even daily we heard on crypto forums that somebody Ac hacked and hacker took out all the worthy coins from their wallet. There should be some solution to avoid hackers generally. Security is the big concern in cryptos So I bought hardware wallet (Trezor) to avoid hacking.
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It's because even the security are keep upgrading and becoming more difficult the more those people (hackers) thrilled to learn on how they will going to crack it.
Hackers do love challenges.
A good example I can cite is this trader on twitter who was bashing another hacked trader. This basher went on to claim that he will never be hacked. A few months later, he's all over twitter condemning the hackers stealing his funds.
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Well, it's good to remember about the security of your coins. There always be a hacking risk, that's one of the features of cryptocurrency market. You can playdown the risk by using some reliable cryptocurrency exchanges (I can recommend CoinDeal, that's my number one) and hardware wallet. Remember that any of your steps could be dangerous, always try to be cautious
It's hard not to agree with you. Having an experience and knowlegde is not everything, being cautious is the most important. I always try to be, but of course, some things also depends on platforms which you use, I also can recommend Coindeal
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Well, it's good to remember about the security of your coins. There always be a hacking risk, that's one of the features of cryptocurrency market. You can playdown the risk by using some reliable cryptocurrency exchanges (I can recommend CoinDeal, that's my number one) and hardware wallet. Remember that any of your steps could be dangerous, always try to be cautious
Speaking of CoinDeal, i've read an article on blockchain24 that they've received membership in VQF some time ago - and i think it may help them raise their security level.
Hackers do love challenges.
A good example I can cite is this trader on twitter who was bashing another hacked trader. This basher went on to claim that he will never be hacked. A few months later, he's all over twitter condemning the hackers stealing his funds.
It's a funny story, but there are people who are breaching security systems not only to tease someone, but more oftenly - for their own profit, and that's what makes cryptomarket vulnerable - it's full of money.
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For any investment security is the most important things because it determine the profit or Loss of any investment, so in crypto scam is the treat to security, and manager take necessary step to provide basic security by requiring necessary basic information the client
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Renewable technology must have a weakness.
Computers, Physics, Chemistry, Machines for cars or motorcycles there must be something called weakness.
It is the same as Cryptcurrency that comes from a computer that already has a renewable technology and certainly has the same level of hacking with car and motorcycle engines that are always duplicated.
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Is crypto security became stronger or more vulnerable?
I really tired of news about hacks again and again.
It seems they provide better level of security but there is still huge hole in practice.
are you new to cryptocurrency because your post looks like you are a noob. If you have active on blockchain, you do know about this hack before now. Also you might have to take some precautions in protecting your account
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Is crypto security became stronger or more vulnerable?
I really tired of news about hacks again and again.
It seems they provide better level of security but there is still huge hole in practice.
Well in my own personal analysis about the cryptocurrencies security they are stronger day by day in fundamental of aspects because they have got legalitation from the government and other institution, it will gives good trusted on the cryptocurrencies security related with the projects on them. So the investors whom want make investment they don't worry about the legalitation, i don't know about your statement that the news cryptocurrencies security has been hacked. Please give us more information about your claim it will gives us completed information about it and we can make disscusion deeply and the problem with the solutions for it. Thank you very much.
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Speaking of CoinDeal, i've read an article on blockchain24 (https://www.spam blocked b/switzerland-a-country-for-crypto/)that they've received membership in VQF some time ago - and i think it may help them raise their security level.
Nice website and the article, thanks. I'm glad that CoinDeal will be available in the USA, that is a milestone in my opinion
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In my personal opinion it has two sides. The more it becomes secured, the more it attract hackers.
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Actually it's all about wallets you use.
I recommend to trust only hardwallets to secure crypto.
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if I think security in krypto also depends on each of us, I think security at krypto is also safe until I use it now
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Well, it's good to remember about the security of your coins. There always be a hacking risk, that's one of the features of cryptocurrency market. You can playdown the risk by using some reliable cryptocurrency exchanges (I can recommend CoinDeal (https://coindeal.com), that's my number one) and hardware wallet. Remember that any of your steps could be dangerous, always try to be cautious
I think it's not so bad after all. And don't get me wrong, the security is a very important thing, but the risk of exposure on hackers' attack is similar in other industries. Well protected exchange, as you have said, is very important, cause possible attacks are aimed there.
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very true Privacy is a big concern for every crypto user because many times hackers attack exchanges and stole away millions of dollars. I think privacy coin could be the best solution to this problem and instead of exchanges, atomic swaps are a good way of transaction this way we don't have to pay high fees to exchanges and no need to compromise on privacy for me "atomic swap" could be a good alternative at least we can get more privacy this way.
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In my opinion, every project of the coins always prepare the high security and the developers also always ensure to check their security. However, hackers will be always hackers with their high skill and chance to hack. Sometimes, it is outside of our minds.
Will you be surprised to know that developer can be the same person as hacker?
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Will you be surprised to know that developer can be the same person as hacker?
It is not something new, we already know that many developers become scammers and fraudsters as well. So, when the developers are also being hackers, personally I am not surprised. Because of these facts, we must be careful to choose a project to invest, especially a new project.
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I think its more secured if its individual based but publicly, this cannot be said and this is because some exchanges are not implementing best practices security wise
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it is true that I am also very annoyed at cryptocurrency hackers, because they are very detrimental, and we should improve security.
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As a saying always applied on the internet that" no system is completely safe in the internet" Thats a sad truth thats why security providers is not stopping to improve its system to detect the flaws that can be a gateway to compromise the entire system. so it means its a complex problem that need a complex solution.
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Hacking is very dangerous nowadays. Even if the blockchain technology cannot be hacked, hackers will find a way in order to trick other victims in order to steal their cryptocurrency. I hope soon that there is a project that would address the problems about hackers or crypto security.
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That's true nearly fall for that there are such a large amount of phishing sites that cloaking their web site and advertise mistreatment AdWords targetting keywords, therefore if you are doing not acumen to seem or differentiate a URL you may become a victim, therefore bookmarking and mistreatment metacert are 2 of the most effective follow.
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Yes, time by time different program language are being featured, and with these, different hackers have a chance to hack more often, because of its feature. Many people are doing hacking because they know that a certain exchange market has a capacity and holds a lot of coins which is very attractive to the eyes of hackers.
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Crypto market has faced different type of attack in the recent moment .However its happen for the less security or few bugs .We even faced the exchange binance hacking its happen for few customer information lacking or something about 2FA .The are more alert now to protect hacking .The whole system are so serious on being secured to protect hacking .
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Is crypto security became stronger or more vulnerable?
I really tired of news about hacks again and again.
It seems they provide better level of security but there is still huge hole in practice.
A majority of hack cases are intened, which are scam actions. It's not that easy that we see hack happens day by day. But we don't have solid proofs to prove any cases. The ultimate solution is using DEXes but yet there's not enough attention to get a decent volume DEX.
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Well, it cannot denied the fact that their will be a holes found in every secured crypto security if the team will not made his or her duty to maintain the safety and secured of its system. Update is necessarily every month.
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there is no perfect security, all must have their own gaps. crypto continues to develop more secure security. I'm sure crypto can overcome this.
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Cryptocurrency itself develops very quickly and various technologies also do not stand still at one place and are constantly improving in order to protect owners of cryptocurrencies, but also hackers do not stand still at one place and develop quickly.
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Is crypto security became stronger or more vulnerable?
I really tired of news about hacks again and again.
It seems they provide better level of security but there is still huge hole in practice.
well there will always be some exchanges who will be a victim to that. We will see it again in the future if any exchange fails in its security. The only solution is for the exchanges to toughen it's security
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Well there are needs of more security so it will become more vulnerable....
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Security is growing more important everyday, because everything can be access online. I believe through years crypto and other crypto related sites they are also improving everyday.
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security depends on the exchange and you. most importantly you the owner of the account. iy your account is compromised. you will definitely loose your funds. and it is advised to keep tokens on your wallet Not on exchanges. not suitable because you never can tell what will happpen.
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Exchanges and web wallets are vulnerable of course, even Binance was hacked. One of my friends have been hacked, it was just a dns hack. So we must have a hardware wallet so be really safe, and use DEXes if possible, so we won't be sending our money to some other company.
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if for me crypto is also very safe and it will also last longer, so I think you don't need to be afraid of getting good profits on crypto, because the price of crypto also increases every day.
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can not be denied that ethereum is very popular now. smart contract technology is widely used in the ico.o. so easy and cheap and fast this is what is very interesting from ethereum
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Is crypto security became stronger or more vulnerable?
I really tired of news about hacks again and again.
It seems they provide better level of security but there is still huge hole in practice.
Cryptocurrency is very vulnerable to hacking, therefore every individual must protect their own accounts in various ways. Cryptocurrency that is online, this is very difficult to avoid from crime, but we can minimize that action by installing Authenticator on every account that we have.
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Every application and program has a loophole for hackers doing tricks to get profit, the security level of crypto is good, but sometimes new users are reluctant to see the browser they are aiming for so that they can easily import private keys and make deposits in fake exchanges. This will always happen because some people want to benefit from the wallet addresses they steal by creating phishing sites
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Every application and program has a loophole for hackers doing tricks to get profit, the security level of crypto is good, but sometimes new users are reluctant to see the browser they are aiming for so that they can easily import private keys and make deposits in fake exchanges. This will always happen because some people want to benefit from the wallet addresses they steal by creating phishing sites
if this is purely due to negligence of users who are not careful and don't care about security,
but the problem is if the public service has a low security system,
This is quite worrying because it can easily get a hacker attack.
like cryptopia for example, I'm sure there's a slight omission in it.
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Is crypto security became stronger or more vulnerable?
I really tired of news about hacks again and again.
It seems they provide better level of security but there is still huge hole in practice.
if I think you are not afraid of security in crypto, for me security in crypto is also guaranteed safe, you can do all forms in crypto
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If you regularly trade Ethereum, Bitcoin, Ripple and coins, you can store them at reputable exchanges for more convenience. If you have long-term coins, use a cold wallet that secures your cryptocurrency
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Enable two-factor authentication (2FA) if your wallet allows it. 2FA is simply a dual authentication. 2FA authentication can be done in a variety of ways - the Google Authenticator app uses a 6-digit code that changes every minute and is unique to you. 2FA is very important for increasing cryptocurrency security. Use 2FA for your email, cryptocurrency accounts.
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Is crypto security became stronger or more vulnerable?
I really tired of news about hacks again and again.
It seems they provide better level of security but there is still huge hole in practice.
hackers can affect anyone even if your account's security is so strong it can be hacked if the assets that you have so much you can read the news that the exchange binance can be hacked and it was a real case I actually do not believe but all already occurred if you had a lot of bitcoin and altcoin better or you are using security outstanding to your account.
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This is true that hacking is really bad things happen in Crypto market , infact all good exchages are suffer from hacking at once time ( include binance ) .
Hopefully their should be good step taken regard it :) . Many member didn't enter in crypto market because they think their is higher risk that we will lost our fund their .
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Speaking of safety. Recently, I have noticed that there is little fraudulent activity by hackers. There are also few break-ins. It seems to me that crypto is becoming less vulnerable.
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The number of scams in crypto is on the rise and the demand for crypto is increasing and so are the scams. Security is almost uncertain. However if we use 2 fa code to protect crypto then the scam will be much less and crypto will be much more secure. Hackers can't hack easily.
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though to me is getting secured everyday even though it has not meet expectation, because the means of security last years has improved upon, so its getting better day by day.
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Account hacking is not only in exchanges I think, on personal wallets too. How do hackers do that even though they are already using a 2fa account for a personal wallet, using double security might be safer
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Speaking of safety. Recently, I have noticed that there is little fraudulent activity by hackers. There are also few break-ins. It seems to me that crypto is becoming less vulnerable.
Hackers will do everything to crack any applications that will give them a huge sum of money. So those exchanges that have low security often fell victim to them. Other large exchanges that were hacked may probably have employees that leeks info on hacker or possibly they are the employees themselves.
As of the crypto security, I believe Bitcoin had been proven in terms of its security. Non-have yet to hack the Bitcoin blockchain after the fork on its early stage of development.
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There is always great security in cryptocurrency but of course we have to be aware that there's no security that the hackers can't access after the long preparation and study on how to access it in illegal way.
Only be thankful if your wallet isn't compromised and always be very extra careful.