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Author Topic: Is Bitcoin safer than banking?  (Read 1952 times)

Offline Zyarifa

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Re: Is Bitcoin safer than banking?
« Reply #15 on: October 04, 2018, 02:19:09 PM »
between bitcoin and the bank both have their own strengths and weaknesses but I personally am more interested in bitcoin I think bitcoin is safer than banks

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Re: Is Bitcoin safer than banking?
« Reply #15 on: October 04, 2018, 02:19:09 PM »

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Re: Is Bitcoin safer than banking?
« Reply #16 on: December 11, 2018, 05:31:30 AM »

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Offline Falcon

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Re: Is Bitcoin safer than banking?
« Reply #17 on: December 11, 2018, 10:40:24 AM »
I guess it is in terms of everything put in the right place of block chain. There will have interception of uncertainty once you do something wrong. Bitcoin is safer than banks from many possibilities that can possibly happen in banks than in bitcoin.

Offline RapidRabbit

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Re: Is Bitcoin safer than banking?
« Reply #18 on: December 11, 2018, 10:55:12 AM »
The blockchain technology is a key to security and banks have finally started to see that. There is more and more innovations about this tech. For example, I've read today on spam blocked b about MasterCard's plans to use blockchain to improve anonymity of their users. So, it's slowly being applied.

Offline Deallove9

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Re: Is Bitcoin safer than banking?
« Reply #19 on: December 11, 2018, 12:55:52 PM »
There is no business that doesn't have its own risk and the banking and crypto also do have bad side , so the bear we are now is the bad side of the crypto and its volatile nature , but banking is save as your money are covered by insurance and can only remain the same or even reduce but in crypto at bull market your funds gain more value than keeping it in banks so I think crypto is taking away the right from banks.

Offline PRIBO247

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Re: Is Bitcoin safer than banking?
« Reply #20 on: December 11, 2018, 01:14:02 PM »
Just between January to July 2018, just timeshare fraud alone had 1.155 reported cases. It's when you’re told you can go on a free holiday or get rich by joining an exclusive holiday club or timeshare programmed, but you’re eventually forced to pay for it through small print in the contact. That is not to mention other types of fraud like identity theft etc.
This gets me thinking, is it safer to just have bitcoins, or cryptocurrencies for that matter since it's not regulated by banks? What do you think?

The cryptosphere is too volatile for it to be safe.

 

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