Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Bobcrypto on November 01, 2024, 10:14:36 AM
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As the world shifts towards decentralization, the platforms that prioritize security and privacy will gain massive value with advanced protection for every transactions. obviously,
these platforms offers Peace of mind to investors seeking safe and secure digital finances.
Now, there are actually several blockchain platforms on the crypto space that has claimed to guarantee the security and safety of investors funds. Do you think all these platforms are leaving up these criteria of security, advanced protections etc. I have considered Etheruem as great a platform but not 100% certainty. Your thoughts.
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As the world shifts towards decentralization, the platforms that prioritize security and privacy will gain massive value with advanced protection for every transactions. obviously,
these platforms offers Peace of mind to investors seeking safe and secure digital finances.
Now, there are actually several blockchain platforms on the crypto space that has claimed to guarantee the security and safety of investors funds. Do you think all these platforms are leaving up these criteria of security, advanced protections etc. I have considered Etheruem as great a platform but not 100% certainty. Your thoughts.
You should know nothing is impenetrable, but nevertheless I believe some platforms have a lesser chance of security breach than some due to some sophisticated partnerships and how their ecosystem is built. But putting your trust in them 100% could be a mistake..
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As the world shifts towards decentralization, the platforms that prioritize security and privacy will gain massive value with advanced protection for every transactions. obviously,
these platforms offers Peace of mind to investors seeking safe and secure digital finances.
Now, there are actually several blockchain platforms on the crypto space that has claimed to guarantee the security and safety of investors funds. Do you think all these platforms are leaving up these criteria of security, advanced protections etc. I have considered Etheruem as great a platform but not 100% certainty. Your thoughts.
Ethereum is a really cool and lively cryptocurrency, and thanks to Vitalik Buterin for creating it. And it's cool that he is a public figure who does not hide, it is clear that he loves his project and is open to interaction with the public.
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As the world shifts towards decentralization
I have considered Etheruem as great a platform but not 100% certainty. Your thoughts.
Consider bitcoin blockchain and those like litecoin if you are thinking of security and decentralized. I do not believe in those PoS but they are secure but not as secure as bitcoin PoW.
Most blockchains of today are also centralized with influence just like the ethereum blockchain.
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As the world shifts towards decentralization
I have considered Etheruem as great a platform but not 100% certainty. Your thoughts.
Consider bitcoin blockchain and those like litecoin if you are thinking of security and decentralized. I do not believe in those PoS but they are secure but not as secure as bitcoin PoW.
Most blockchains of today are also centralized with influence just like the ethereum blockchain.
Yes, you have actually giving a great concern to the POW, and the POS blockchain networks are also doing very well, though POW could be slightly stronger. This is because POW blockchain actually requires high computational algorithms to prove an edge over POS in term of security concerns.
Your thoughts on Centralization of certain blockchain networks like etheruem is very new to me, i know that Vitalik Buterin is the founder of the Etheruem platform but I have no thought that he or anyone has control over it. I stand to be corrected.
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As the world shifts towards decentralization, the platforms that prioritize security and privacy will gain massive value with advanced protection for every transactions. obviously,
these platforms offers Peace of mind to investors seeking safe and secure digital finances.
Now, there are actually several blockchain platforms on the crypto space that has claimed to guarantee the security and safety of investors funds. Do you think all these platforms are leaving up these criteria of security, advanced protections etc. I have considered Etheruem as great a platform but not 100% certainty. Your thoughts.
You have a point however I think it depends on the majority you are looking at here. From my point of view it seems like people these days are actually less concerned about the privacy of their funds. This is because it seems that majority of people prefer to do KYC verifications and make use of centralised exchanges rather than make use of decentralised exchanges. This is also coupled with the fact that decentralised initiatives don't get much support like they should.
As for Ethereum, it is actually a centralised network and for that reason I won't agree to the idea that it is a decentralised network supporter per say. The biggest decentralised network in the crypto space is actually that of bitcoin.
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Now, there are actually several blockchain platforms on the crypto space that has claimed to guarantee the security and safety of investors funds.
Guarantee the safety of investor funds?
By bringing up safety you guarantee the value too as there is no such thing as safe funds that can turn to dust the next day, so which blockchain can guarantee that? If it comes to the blockchain being immutable then it's no novelty, we had that since Bitcoin was first born, the rest is just vaporware.
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FTX was a big exchange guaranteeing it's users safe funds but it didn't last. If only looks like a small exchange that turned scam in the end.Its still not a safe platform but same with Binance, although it had been around for so long we may never know when it will become a scam.
But mind you the world is not becoming decentralised. It's turning centralised bit by bit and regulations from government progress.
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As the world shifts towards decentralization, the platforms that prioritize security and privacy will gain massive value with advanced protection for every transactions. obviously,
these platforms offers Peace of mind to investors seeking safe and secure digital finances.
Now, there are actually several blockchain platforms on the crypto space that has claimed to guarantee the security and safety of investors funds. Do you think all these platforms are leaving up these criteria of security, advanced protections etc. I have considered Etheruem as great a platform but not 100% certainty. Your thoughts.
You have a point however I think it depends on the majority you are looking at here. From my point of view it seems like people these days are actually less concerned about the privacy of their funds. This is because it seems that majority of people prefer to do KYC verifications and make use of centralised exchanges rather than make use of decentralised exchanges. This is also coupled with the fact that decentralised initiatives don't get much support like they should.
As for Ethereum, it is actually a centralised network and for that reason I won't agree to the idea that it is a decentralised network supporter per say. The biggest decentralised network in the crypto space is actually that of bitcoin.
I agree with you the biggest decentralized jarngan is Bitcoin, that is what makes Bitcoin the most poppular and much in demand by investors and is always king.
I also prefer to do KYC on Exchnage, but we have to choose a good exchange that is good reputable like binance and cuoin. Because our personal data is very dangerous if misused.
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Now, there are actually several blockchain platforms on the crypto space that has claimed to guarantee the security and safety of investors funds. Do you think all these platforms are leaving up these criteria of security, advanced protections etc. I have considered Etheruem as great a platform but not 100% certainty. Your thoughts.
If they claim it they have to prove it, or they will lose their reputation the existence of these blockchains depend so much on the security, take Bitcoin for instance, there's no double spent and there's no hack on the blockchain so they continue to exist and enjoy the support of many industried and it will continue to be so as long as its secured.
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Decentralized platforms are non-profitable or don't generate revenue as centralized platforms so they lack development which means their security is not that good on the reality which is why many DEXes lost the user's fund due to the attacks. But decentralization allows us to keep the funds safe which is nothing but be your own bank so we can trust the funds are 100% secured when it's with us and that is the thing that investors should take from decentralization.
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of course investors should care. if its about funds not getting lost from your wallet, any investors should care about the project they invest into whether it will be safe or can be hacked or can you even trust the team developer.
there are reputable platforms especially the top projects we consider to be safer. that's is just how we could look at it since nothing is proven yet until its proven. but the longer they have existed in crypto, i guess trust is build.
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As the world shifts towards decentralization, the platforms that prioritize security and privacy will gain massive value with advanced protection for every transactions. obviously,
these platforms offers Peace of mind to investors seeking safe and secure digital finances.
I saw a video clip of Jamie Dimon saying that Governments will destroy bitcoin. I don't think that will happen because it's already a cash cow (taxes) but I can also see why he said that. "Destroy" probably doesn't mean total ban but strict regulations. In reality, this 'decentralization' might just become a buzzword.
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Now, there are actually several blockchain platforms on the crypto space that has claimed to guarantee the security and safety of investors funds.
Guarantee the safety of investor funds?
By bringing up safety you guarantee the value too as there is no such thing as safe funds that can turn to dust the next day, so which blockchain can guarantee that? If it comes to the blockchain being immutable then it's no novelty, we had that since Bitcoin was first born, the rest is just vaporware.
It's true that today $1000 tomorrow it won't necessarily be the same, it could go up or down, and I think this cannot be demanded for security because we already understand the risks of investing in crypto, not just BTC, I think all crypto will be the same if we say the price
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No coin can guarantee the safety of your funds, crypto is still very volatile and the safety of your coins depends on the device you store it and your opsec. Crypto is volatile and risky and if you are looking to reduce your risk, then i don't think crypto is the right thing for you to buy.
The BTC network in itself is secure, but you have to protect your personal funds yourself.
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Nothing really is safe especially if we are talking about money. These platforms might guarantee the safety for a period of time but as time advances vulnerability would be inevitable and is natural. We should always ask ourselves if we really are ready to take the risks it may come along the way and should improvise our strategy so we can beat greed people and keep our funds safe just because we are aware of what we are doing.
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Now, there are actually several blockchain platforms on the crypto space that has claimed to guarantee the security and safety of investors funds.
Guarantee the safety of investor funds?
By bringing up safety you guarantee the value too as there is no such thing as safe funds that can turn to dust the next day, so which blockchain can guarantee that? If it comes to the blockchain being immutable then it's no novelty, we had that since Bitcoin was first born, the rest is just vaporware.
I'm really not sure about it. I just think, no one can really guarantee the safety. whether it's centralized or decentralized. the difference is only in privacy and non-privacy, related to KYC or not, and no one can guarantee that KYC data will be completely safe. the rest, we ourselves must be really vigilant and careful when choosing a platform.
And when talking about the Ethereum network, well, the pros and cons are always there and discussed. but what I consider regarding this one network is only about the fee which is indeed very fluctuating and can often increase very significantly.
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Now, there are actually several blockchain platforms on the crypto space that has claimed to guarantee the security and safety of investors funds.
Guarantee the safety of investor funds?
By bringing up safety you guarantee the value too as there is no such thing as safe funds that can turn to dust the next day, so which blockchain can guarantee that? If it comes to the blockchain being immutable then it's no novelty, we had that since Bitcoin was first born, the rest is just vaporware.
I'm really not sure about it. I just think, no one can really guarantee the safety. whether it's centralized or decentralized. the difference is only in privacy and non-privacy, related to KYC or not, and no one can guarantee that KYC data will be completely safe. the rest, we ourselves must be really vigilant and careful when choosing a platform.
And when talking about the Ethereum network, well, the pros and cons are always there and discussed. but what I consider regarding this one network is only about the fee which is indeed very fluctuating and can often increase very significantly.
Choose a reputable exchange and you can do KYC there. I did KYC on binance and Kucoin, and so far my data is still safe. I have also never read any complaints from users about misuse of KYC data on binance and Kucoin, so I think it is safe to share personal data by filling out KYC there. Ethereum is the largest network even though the gas fee is expensive but it is safe in transactions, maybe for small investors like me it feels expensive but not for big investors with big money in their transactions.
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I'm really not sure about it. I just think, no one can really guarantee the safety. whether it's centralized or decentralized. the difference is only in privacy and non-privacy, related to KYC or not, and no one can guarantee that KYC data will be completely safe. the rest, we ourselves must be really vigilant and careful when choosing a platform.
if we compare centralized vs decentralized i would bet on decentralized platforms being more safe and secure because you know you hold access to your assets and no one else can do anything with it without your permission but of course it can’t be completely safe if you are irresponsible and reckless there are still risks in using decentralized platforms that you should be ready to manage so that you don’t end up losing your money
with decentralized platforms, all responsibilities falls on your shoulders so you need to be equipped
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Personally, I do not trust the guarantee of the safety and security of investors' funds in any platform, whether centralized or decentralized. In my opinion, there is no such thing as a 100% guarantee.
Regardless of whether the platform is decentralized, there are many factors that can cause investors to lose their money, such as price fluctuations and collapse in some cases, as well as cases of hacking decentralized platforms due to some loopholes. These cases have already happened several times.
Therefore, in my opinion, even decentralized platforms do not provide full guarantees, but they are better than centralized platforms anyway.
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I'm really not sure about it. I just think, no one can really guarantee the safety. whether it's centralized or decentralized. the difference is only in privacy and non-privacy, related to KYC or not, and no one can guarantee that KYC data will be completely safe. the rest, we ourselves must be really vigilant and careful when choosing a platform.
I believe op is talking about blockchains and crypto projects and not centralized or p2p services. It is true that you cannot be sure of how a service will handle your personal data and we have had numerous data leaks in the past.
The BTC network in itself is safe, but its users still have to protect their funds stored in their wallet.
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Choose a reputable exchange and you can do KYC there. I did KYC on binance and Kucoin, and so far my data is still safe. I have also never read any complaints from users about misuse of KYC data on binance and Kucoin, so I think it is safe to share personal data by filling out KYC there.
As always, the problem is that we can't verify anything at all. I used a service that was quite reputable in the past, they claim to have no logs policy and so on, but later found out that they keep logs and many things including personal information like phone number, etc. Some data were sold to third-parties for marketing purposes and I don't think they're the only ones who do that. But I'm not sure if OP is asking about this, since I don't think you can categorize exchange and Ethereum network/blockchain projects under the same umbrella. Maybe if they're related to each other like Binance and Binance DEX, but they're not that many as far as I'm aware.
As for blockchain networks, I think it's better to prepare for the worst even if quantum computers or advanced technologies still can't crack the algorithm properly (if ever). Especially if the network has few miners or validators which allows attackers to attack the network with a cheap cost. CMIIW.
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Investors should care because security and privacy is very important. I believe Ethereum is a very good project and it has a great future.
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No platform can guarantee 100% security and safety. Investors trade at their own risk. Most people prefer to do KYC verification and prefer to use centralized exchanges instead of using decentralized exchanges.Ethereum is a good such platform. But Ethereum is considered to be the greatest after Bitcoin in the Crypto space.
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ethereum is still the best at the moment after btc. Maybe because the founder is open to the public and continues to improve the system in this coin, which makes it still popular with most investors.
ethereum's success in maintaining its market price cannot be separated from security which was promised. And maybe in the future this coin will continue to develop. Even though some people's perception is that they complain about the transaction prices on this network. However, this will not be a problem with the comfort and security in transactions that we get.
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As the world shifts towards decentralization, the platforms that prioritize security and privacy will gain massive value with advanced protection for every transactions. obviously,
these platforms offers Peace of mind to investors seeking safe and secure digital finances.
Now, there are actually several blockchain platforms on the crypto space that has claimed to guarantee the security and safety of investors funds. Do you think all these platforms are leaving up these criteria of security, advanced protections etc. I have considered Etheruem as great a platform but not 100% certainty. Your thoughts.
For you to succeed in the bull market, even if we only use one strategy, we can succeed as holders or traders in this bull run that we are facing. In fact, when you use a lot of strategies, it will be complicated for us as holders and traders in this field.
I've tried this; in fact, the more I think of a strategy, the more the assets I hold in any exchange are in jeopardy, to be honest. So if it's just one or two without hassle, won't you be stressed in the end?
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Decentralized platforms are non-profitable or don't generate revenue as centralized platforms so they lack development which means their security is not that good on the reality which is why many DEXes lost the user's fund due to the attacks. But decentralization allows us to keep the funds safe which is nothing but be your own bank so we can trust the funds are 100% secured when it's with us and that is the thing that investors should take from decentralization.
Yes, the Dex exchange are not as profitable as the CEX exchange, however both Centralized and decentralized exchanges sectors are open to security attacks. There were several hack attacks on many CEX exchanges which make it unsafe for investors in term of security of funds.
A secure decentralized wallet is preferably better to keep funds than the Dex or CEX exchanges. Obviously, there has not been many cases of wallet hacks to the the best of my knowledge.
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As the world shifts towards decentralization, the platforms that prioritize security and privacy will gain massive value with advanced protection for every transactions. obviously,
these platforms offers Peace of mind to investors seeking safe and secure digital finances.
Now, there are actually several blockchain platforms on the crypto space that has claimed to guarantee the security and safety of investors funds. Do you think all these platforms are leaving up these criteria of security, advanced protections etc. I have considered Etheruem as great a platform but not 100% certainty. Your thoughts.
You have a point however I think it depends on the majority you are looking at here. From my point of view it seems like people these days are actually less concerned about the privacy of their funds. This is because it seems that majority of people prefer to do KYC verifications and make use of centralised exchanges rather than make use of decentralised exchanges. This is also coupled with the fact that decentralised initiatives don't get much support like they should.
Look at this dex volumes: https://www.coingecko.com/en/exchanges/decentralized
Uniswap has over a billion dollar volume in last 24hrs, I think dexes are getting enough attention and personally too I prefer dexes since cexes started making kyc mandatory, I also find dexes convenient — no account needed, can trade any token.
As for Ethereum, it is actually a centralised network and for that reason I won't agree to the idea that it is a decentralised network supporter per say. The biggest decentralised network in the crypto space is actually that of bitcoin.
How exactly you mean Ethereum is centralized?
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For you to succeed in the bull market, even if we only use one strategy, we can succeed as holders or traders in this bull run that we are facing. In fact, when you use a lot of strategies, it will be complicated for us as holders and traders in this field.
I've tried this; in fact, the more I think of a strategy, the more the assets I hold in any exchange are in jeopardy, to be honest. So if it's just one or two without hassle, won't you be stressed in the end?
It actually depends on if you are Hodling or you are trading. For those trading you really don't need to care much about news market strategies and various technical analysis out there. However for those that are into trading they a re very necessary to make sure that you get the most out of the capital you put in instead of losing to the market.
Infact in the case of trading you have to care much about news because of the volatile nature of the market so it's pretty much possible to get liquid very easily if you trade unknowningly against the news.
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It actually depends on if you are Hodling or you are trading. For those trading you really don't need to care much about news market strategies and various technical analysis out there. However for those that are into trading they a re very necessary to make sure that you get the most out of the capital you put in instead of losing to the market.
Infact in the case of trading you have to care much about news because of the volatile nature of the market so it's pretty much possible to get liquid very easily if you trade unknowningly against the news.
That is why the decision to hodl or trade does rely on our respective strategies and objectives. In regard to the trading strategy, it is extremely important for all to always monitor the news so that we can contain the movements in the market. The information obtained in the last few days enhances revenues and reduce the probability of losing money.
It is true that fast movement in the market does demand following and attention to existing changes. As we keep abreast of the news, we improve our trading decisions and the stability of funds invested in the market.
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Now, there are actually several blockchain platforms on the crypto space that has claimed to guarantee the security and safety of investors funds. Do you think all these platforms are leaving up these criteria of security, advanced protections etc. I have considered Etheruem as great a platform but not 100% certainty. Your thoughts.
Ethereum's position as number one among other altcoins is proof that this blockchain is undoubtedly credible... we can see many services similar to Ethereum but they cannot survive longer, thus this is proof that Ethereum has more powerful blockchain technology.
The meaning of decentralization is truly well implemented in Ethereum's blockchain network. Until now, I also believe that nothing is 100% perfect, which means it is natural that there are still some doubts about even the most advanced blockchain technology... and Ethereum has a better level of trust than other blockchain technologies, but that doesn't mean it is the most perfect.
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Ethereum's position as number one among other altcoins is proof that this blockchain is undoubtedly credible... we can see many services similar to Ethereum but they cannot survive longer, thus this is proof that Ethereum has more powerful blockchain technology.
The meaning of decentralization is truly well implemented in Ethereum's blockchain network. Until now, I also believe that nothing is 100% perfect, which means it is natural that there are still some doubts about even the most advanced blockchain technology... and Ethereum has a better level of trust than other blockchain technologies, but that doesn't mean it is the most perfect.
I agree with you that there is no guarantee that 100% is really safe, all have their own advantages and disadvantages, and it is our job to see which platform is the safest so that it makes us calmer in using it.
When talking about security, we will all say the same thing, which is to want to be safe. However, we also play an important role in maintaining that security. So everything must be balanced and we must understand all of that.
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FTX was a big exchange guaranteeing it's users safe funds but it didn't last. If only looks like a small exchange that turned scam in the end.Its still not a safe platform but same with Binance, although it had been around for so long we may never know when it will become a scam.
But mind you the world is not becoming decentralised. It's turning centralised bit by bit and regulations from government progress.
I am sure FTX has no own blockchain networks, I think FTX token was launched on the etheruem blockchain as an ERC20 token. Ftx is the native token of it's CEX exchange
platform.
Binance coin, BNB is the native token of the Binance smart chain network and also used as the native token of it's CEX exchange. I have not heard of Binance chain hack or that investors are complaining of the safety of their funds.
However, BNB chain is a POS consensus, but it is widely known that POW blockchain are stroger in term of security and safety of investors funds.
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Ethereum's position as number one among other altcoins is proof that this blockchain is undoubtedly credible... we can see many services similar to Ethereum but they cannot survive longer, thus this is proof that Ethereum has more powerful blockchain technology.
The meaning of decentralization is truly well implemented in Ethereum's blockchain network. Until now, I also believe that nothing is 100% perfect, which means it is natural that there are still some doubts about even the most advanced blockchain technology... and Ethereum has a better level of trust than other blockchain technologies, but that doesn't mean it is the most perfect.
I agree with you that there is no guarantee that 100% is really safe, all have their own advantages and disadvantages, and it is our job to see which platform is the safest so that it makes us calmer in using it.
When talking about security, we will all say the same thing, which is to want to be safe. However, we also play an important role in maintaining that security. So everything must be balanced and we must understand all of that.
That is the function of risk management in investing in crypto, because we have to analyze every coin we buy and take the safest risk so that we don't lose our money in investing. because in investing we will always be faced with risk, but as investors we have to take the smallest risk. many new projects and new coins offer greater profits, if we have the knowledge and experience we can take that risk.
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They have a large community with core protocol developers, cypherpunks, crypto economic researchers and mining companies. It aims to eliminate internet third parties who store data and track financial instruments. ethereum is a native blockchain platform with its own cryptocurrency called eth. But we are never 100% risk free because fraud rate in crypto is more than 100%. However, digital signatures are used in this technology to make fraud free transactions from ethereum. Anyway, not allowing any change or manipulation of user data without notification makes it more reliable.
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Now, there are actually several blockchain platforms on the crypto space that has claimed to guarantee the security and safety of investors funds. Do you think all these platforms are leaving up these criteria of security, advanced protections etc. I have considered Etheruem as great a platform but not 100% certainty. Your thoughts.
off cause with allot of blockchains out there their is also a high probability of some falling below standard and some can also be scam so it's left for investors to invest in Blockchains that are tested and trusted by crypto enthusiastic over a period of time as it will if not there are some that when you put your money it may give you concern about you getting your money back, Blockchains like Ethereum have been tested and trusted over a period of time so when doing investment with them there's no concern about safety of your investment
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off cause with allot of blockchains out there their is also a high probability of some falling below standard and some can also be scam so it's left for investors to invest in Blockchains that are tested and trusted by crypto enthusiastic over a period of time as it will if not there are some that when you put your money it may give you concern about you getting your money back, Blockchains like Ethereum have been tested and trusted over a period of time so when doing investment with them there's no concern about safety of your investment
Interesting, but if investors chooses tested and trusted over the none tested and trust blockchain projects, what room will other new Blockchain have to make exploit because I assume that they will definitely need some fundings(investment) at the very beginning.
In as much as investing in new Blockchain can be very risky due to the future probability of success, I think it stills gives investors the opportunity to invest at a very early stage, and make profits if everything turns out good. Ethereum for example had some investors who Invested in it at that early phase when it was barely a plan, and today, they are all smiling. Same thing should go for TON and Solana and few others.
But where I tend to have problem is when the project fails. The whole thing is kind of risky, which will definitely profit well if the investor was a major contributor at that early stage.
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It is a certain thing that in the internet world, security is made a very high priority of all online security companies or bodies, and when it comes to cryptocurrency, or financial bodies the priority becomes even higher, but yet there's a room for breach, this is because the internet is not 100% secured.
ETH has been over the years in the crypto currency world, and as the years goes bye, so the advancement or upgrade of their system and a steady maintenance. This is because old hardware or security systems cannot stand modern day threats. This also goes with the PoS and the PoW.
With the new Blockchain out in the market today, some of them might be below standard and their trust levels in the industry.
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I agree with you that there is no guarantee that 100% is really safe, all have their own advantages and disadvantages, and it is our job to see which platform is the safest so that it makes us calmer in using it.
When talking about security, we will all say the same thing, which is to want to be safe. However, we also play an important role in maintaining that security. So everything must be balanced and we must understand all of that.
That is the function of risk management in investing in crypto, because we have to analyze every coin we buy and take the safest risk so that we don't lose our money in investing. because in investing we will always be faced with risk, but as investors we have to take the smallest risk. many new projects and new coins offer greater profits, if we have the knowledge and experience we can take that risk.
Well, to achieve all that, we must be equipped with sufficient knowledge, and as time goes by we will also experience things and that will become an experience later.
We must be able to gain knowledge from the process we go through, be it knowledge that we did not know before, or knowledge that will later complement our previous knowledge. We must not be satisfied with the knowledge we have.
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I agree with you that there is no guarantee that 100% is really safe, all have their own advantages and disadvantages, and it is our job to see which platform is the safest so that it makes us calmer in using it.
When talking about security, we will all say the same thing, which is to want to be safe. However, we also play an important role in maintaining that security. So everything must be balanced and we must understand all of that.
That is the function of risk management in investing in crypto, because we have to analyze every coin we buy and take the safest risk so that we don't lose our money in investing. because in investing we will always be faced with risk, but as investors we have to take the smallest risk. many new projects and new coins offer greater profits, if we have the knowledge and experience we can take that risk.
Well, to achieve all that, we must be equipped with sufficient knowledge, and as time goes by we will also experience things and that will become an experience later.
We must be able to gain knowledge from the process we go through, be it knowledge that we did not know before, or knowledge that will later complement our previous knowledge. We must not be satisfied with the knowledge we have.
Education is a lifelong process, and in essence a lifelong process of development. In every step there is also an opportunity to integrate info that will provide a new perspective on how to approach life.
Each experience that we have will be crucial for that journey to make sense and becoming wiser and making the door for further probing wide open. It is necessary to remember that opened attitude develops the knowledge which we already possess, and, at the same time, acknowledges new things which allow to reach the comprehension of more different. Thus, it will help us continue our striving for the augmentation of knowledge and expansion of experience so that the decision-making process in the future will be inspiring confidence and virtually problem-free.
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Ethereum's position as number one among other altcoins is proof that this blockchain is undoubtedly credible... we can see many services similar to Ethereum but they cannot survive longer, thus this is proof that Ethereum has more powerful blockchain technology.
The meaning of decentralization is truly well implemented in Ethereum's blockchain network. Until now, I also believe that nothing is 100% perfect, which means it is natural that there are still some doubts about even the most advanced blockchain technology... and Ethereum has a better level of trust than other blockchain technologies, but that doesn't mean it is the most perfect.
I agree with you that there is no guarantee that 100% is really safe, all have their own advantages and disadvantages, and it is our job to see which platform is the safest so that it makes us calmer in using it.
When talking about security, we will all say the same thing, which is to want to be safe. However, we also play an important role in maintaining that security. So everything must be balanced and we must understand all of that.
That is the function of risk management in investing in crypto, because we have to analyze every coin we buy and take the safest risk so that we don't lose our money in investing. because in investing we will always be faced with risk, but as investors we have to take the smallest risk. many new projects and new coins offer greater profits, if we have the knowledge and experience we can take that risk.
Minimizing risk is always a central aspect when it comes to investments in crypto assets. To be precise, the investors have a challenge of dissecting every new coin or project that seems interesting to them. And, thus, make less emotional decisions which allow more often protect the capital. Risk is inevitable, but by selecting certain moves, we decrease the amount of losses that may occur and then form a much more secure opportunity for earning revenues in the long run.
So I strongly agree that knowledge and experience are substantial factors to help us make balanced risks in life. There are numerous new projects that are promising great futures returns; however, evaluating these are not a simple feat. Therefore with consistent learning and subsequent observation of major trends in the crypto world, we shall be in a better position to make sound decisions that[…] conform to our risk appetite. This makes us get more confident with each step and thus makes this journey more secure and logical in terms of investment.