uTalk

Official forum for Utopia Community

You are not logged in.

#126 2023-06-01 21:11:31

MRBEAST
Member
Registered: 2023-05-22
Posts: 410

Re: Beware of crypto recovery services!

KingCRP;11374 wrote:

The best thing to do is learn from your mistakes, it's very hard to recover your crypto especially when giving to scams so going for any recovery services may also be dangerous.

I don't think there is a a unit in the FBI or security services what have you that is title crypto recovery services so if this service is not recognized by any government then it's risky to coin.

Offline

#127 2023-06-01 21:51:54

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 2,584

Re: Beware of crypto recovery services!

Even if their is a unit like crypto recovery services in any government security agencies I don't think they would connect to you first without you first filling a complain to them first.

Offline

#128 2023-06-02 16:54:18

Lanistergame2
Member
Registered: 2022-12-25
Posts: 1,866

Re: Beware of crypto recovery services!

MRBEAST;11381 wrote:

I don't think there is a a unit in the FBI or security services what have you that is title crypto recovery services so if this service is not recognized by any government then it's risky to coin.

Government recognition is not what determines the credibility of a service or project. The crypto industry is unregulated and most governments do not recognize it, but it is still waxing strong after all these years.

Verify and not trust, with the understanding of how irreversible crypto transactions are, even a unit in the government on recovery services would still be a scam to me.

Offline

#129 2023-06-02 19:00:38

Detroit
Member
Registered: 2022-12-27
Posts: 1,650

Re: Beware of crypto recovery services!

Firms would face compliance costs, but effective regulation could restore confidence, benefiting firms aiming to operate honestly, which are surely the majority, at least if one weights these exchanges by size.

Offline

#130 2023-06-02 20:39:15

KingCRP
Member
Registered: 2023-01-06
Posts: 1,054

Re: Beware of crypto recovery services!

Detroit;11490 wrote:

Firms would face compliance costs, but effective regulation could restore confidence, benefiting firms aiming to operate honestly, which are surely the majority, at least if one weights these exchanges by size.

What are you talking about mate, the moment Cryptocurrency gets a regulation on it then it loses its credibility, and also it won't make cryptocurrency fully decentralized anymore.

Offline

#131 2023-06-02 20:49:29

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 2,584

Re: Beware of crypto recovery services!

The best way to make sure that lost coins can be traced is by making cryptocurrency centralized but the question is can we compromise the decentralized nature of cryptocurrency for that.

Offline

#132 2023-06-02 21:25:32

KingCRP
Member
Registered: 2023-01-06
Posts: 1,054

Re: Beware of crypto recovery services!

CrytoCynthia;11550 wrote:

The best way to make sure that lost coins can be traced is by making cryptocurrency centralized but the question is can we compromise the decentralized nature of cryptocurrency for that.

Compromising the decentralized nature of cryptocurrency is a foolish thing to do, I don't think that can ever happen also anyone who signs of for cryptocurrency should be aware that they have to be security conscious.

Offline

#133 2023-06-02 23:04:30

Europ
Member
Registered: 2023-05-23
Posts: 1,676

Re: Beware of crypto recovery services!

KingCRP;11571 wrote:
CrytoCynthia;11550 wrote:

The best way to make sure that lost coins can be traced is by making cryptocurrency centralized but the question is can we compromise the decentralized nature of cryptocurrency for that.

Compromising the decentralized nature of cryptocurrency is a foolish thing to do, I don't think that can ever happen also anyone who signs of for cryptocurrency should be aware that they have to be security conscious.

Its better to hang in the balance of decentralized policy than to loose it to an hazardous ideas. Which might later affect the standards of the digital currency

Offline

#134 2023-06-03 12:41:15

oba
Member
Registered: 2023-01-13
Posts: 1,858

Re: Beware of crypto recovery services!

CrytoCynthia;11550 wrote:

The best way to make sure that lost coins can be traced is by making cryptocurrency centralized but the question is can we compromise the decentralized nature of cryptocurrency for that.

It depends on the decentralized platform you're talking about in particular but if you're relating to just cryptocurrency, there's no way the decentralization cryptocurrency can be comprise if it can the government would have done it long ago.

Offline

#135 2023-06-03 14:39:59

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 1,862

Re: Beware of crypto recovery services!

oba;11659 wrote:
CrytoCynthia;11550 wrote:

The best way to make sure that lost coins can be traced is by making cryptocurrency centralized but the question is can we compromise the decentralized nature of cryptocurrency for that.

It depends on the decentralized platform you're talking about in particular but if you're relating to just cryptocurrency, there's no way the decentralization cryptocurrency can be comprise if it can the government would have done it long ago.

We all know how strong crypto currency is so it better to just stay on a secured side as you have said.

Offline

#136 2023-06-03 14:54:16

Lanistergame2
Member
Registered: 2022-12-25
Posts: 1,866

Re: Beware of crypto recovery services!

CrytoCynthia;11550 wrote:

The best way to make sure that lost coins can be traced is by making cryptocurrency centralized but the question is can we compromise the decentralized nature of cryptocurrency for that.

Crypto is different and unique cause it is decentralized and there is no central body controlling it. Also all transactions can be seen and traced on the blockchain you can just not reverse the transaction.

The best ways to tackle lost coins is to prevent it by teaching people how to browse safely and protect their assets.

Offline

#137 2023-06-03 15:30:06

PEACEMAKER
Member
Registered: 2023-01-27
Posts: 412

Re: Beware of crypto recovery services!

oba;11659 wrote:

It depends on the decentralized platform you're talking about in particular but if you're relating to just cryptocurrency, there's no way the decentralization cryptocurrency can be comprise if it can the government would have done it long ago.

You are correct, there is no way the government can compromise a decentralized cryptocurrency because there is no central point of control.

The only way they can do such is when a decentralized cryptocurrency is deposited into a centralized exchange. So to avoid this, ensure to use a decentralized exchange like utopia.

Offline

#138 2023-06-03 16:12:18

oba
Member
Registered: 2023-01-13
Posts: 1,858

Re: Beware of crypto recovery services!

Comrade;11661 wrote:
oba;11659 wrote:
CrytoCynthia;11550 wrote:

The best way to make sure that lost coins can be traced is by making cryptocurrency centralized but the question is can we compromise the decentralized nature of cryptocurrency for that.

It depends on the decentralized platform you're talking about in particular but if you're relating to just cryptocurrency, there's no way the decentralization cryptocurrency can be comprise if it can the government would have done it long ago.

We all know how strong crypto currency is so it better to just stay on a secured side as you have said.

Yes, the cryptocurrency market is getting stronger and staying on the strong side is the best decision but it is good to also put into consideration the longevity of the side you're going to stay in.

Offline

#139 2023-06-03 19:24:23

Detroit
Member
Registered: 2022-12-27
Posts: 1,650

Re: Beware of crypto recovery services!

In the span of a few years, cryptocurrencies have grown from digital novelties to trillion-dollar technologies with the potential to disrupt the global financial system.

Offline

#140 2023-06-03 19:25:42

Camavinga
Member
Registered: 2023-01-06
Posts: 836

Re: Beware of crypto recovery services!

To their proponents, cryptocurrencies are a democratizing force, wresting the power of money creation and control from central banks and Wall Street.

Offline

#141 2023-06-03 19:26:01

Lanistergame2
Member
Registered: 2022-12-25
Posts: 1,866

Re: Beware of crypto recovery services!

oba;11659 wrote:

It depends on the decentralized platform you're talking about in particular but if you're relating to just cryptocurrency, there's no way the decentralization cryptocurrency can be comprise if it can the government would have done it long ago.

The government cannot run a decentralized system cause they depend on regulation and control. Even with the CBDCs they are planning it would be highly centralized and give them even more control than their fiat system does.

Offline

#142 2023-06-03 19:26:49

Detroit
Member
Registered: 2022-12-27
Posts: 1,650

Re: Beware of crypto recovery services!

Detroit;11727 wrote:

<p>In the span of a few years, cryptocurrencies have grown from digital novelties to trillion-dollar technologies with the potential to disrupt the global financial system.</p>

The prices of Bitcoin and many other cryptocurrencies vary based on global supply and demand. However, the values of some cryptocurrencies are fixed because they are backed by other assets, thus earning them the name “stablecoins.”

Offline

#143 2023-06-03 20:39:11

JONSNOWING
Member
Registered: 2023-01-06
Posts: 1,071

Re: Beware of crypto recovery services!

oba;11678 wrote:
Comrade;11661 wrote:
oba;11659 wrote:

It depends on the decentralized platform you're talking about in particular but if you're relating to just cryptocurrency, there's no way the decentralization cryptocurrency can be comprise if it can the government would have done it long ago.

We all know how strong crypto currency is so it better to just stay on a secured side as you have said.

Yes, the cryptocurrency market is getting stronger and staying on the strong side is the best decision but it is good to also put into consideration the longevity of the side you're going to stay in.

That’s correct mate, but are there other means to access the longevity of a coin before hand because I have heard once that a coin crashed and left its investors at the middle of no where. Research solves this encounters to almost half

Offline

#144 2023-06-03 21:46:36

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 2,584

Re: Beware of crypto recovery services!

Well it's so obvious that when you get scammed and immediately get any messages from anyone claiming to be crypto recovery services then you should know it's actually another scam

Offline

#145 2023-06-03 23:43:44

full
Member
Registered: 2023-01-06
Posts: 1,473

Re: Beware of crypto recovery services!

oba;11659 wrote:
CrytoCynthia;11550 wrote:

The best way to make sure that lost coins can be traced is by making cryptocurrency centralized but the question is can we compromise the decentralized nature of cryptocurrency for that.

It depends on the decentralized platform you're talking about in particular but if you're relating to just cryptocurrency, there's no way the decentralization cryptocurrency can be comprise if it can the government would have done it long ago.

You're right. The government is known for showing off power and the decentralized cryptocurrency appears to be out of their control this is why they never want to support it.

Offline

#146 2023-06-03 23:44:34

IyaJJJ
Member
Registered: 2023-01-25
Posts: 1,725

Re: Beware of crypto recovery services!

Europ;11635 wrote:
KingCRP;11571 wrote:
CrytoCynthia;11550 wrote:

The best way to make sure that lost coins can be traced is by making cryptocurrency centralized but the question is can we compromise the decentralized nature of cryptocurrency for that.

Compromising the decentralized nature of cryptocurrency is a foolish thing to do, I don't think that can ever happen also anyone who signs of for cryptocurrency should be aware that they have to be security conscious.

Its better to hang in the balance of decentralized policy than to loose it to an hazardous ideas. Which might later affect the standards of the digital currency

The standard of cryptocurrency can not be affected and even it will be affected gone are the days such thing will happen. The only thing we will see is things that may somehow affect the decentralized policy of cryptocurrency.

Offline

#147 2023-06-03 23:44:54

level
Member
Registered: 2023-01-19
Posts: 1,462

Re: Beware of crypto recovery services!

IyaJJJ;11858 wrote:
Europ;11635 wrote:
KingCRP;11571 wrote:

Compromising the decentralized nature of cryptocurrency is a foolish thing to do, I don't think that can ever happen also anyone who signs of for cryptocurrency should be aware that they have to be security conscious.

Its better to hang in the balance of decentralized policy than to loose it to an hazardous ideas. Which might later affect the standards of the digital currency

The standard of cryptocurrency can not be affected and even it will be affected gone are the days such thing will happen. The only thing we will see is things that may somehow affect the decentralized policy of cryptocurrency.

Yes, the decentralized nature of cryptocurrencies can occasionally clash with government regulatory obligations, which may aim to prohibit or regulate bitcoin use within their boundaries.

Offline

#148 2023-06-03 23:45:16

joanna
Member
Registered: 2023-01-10
Posts: 2,758

Re: Beware of crypto recovery services!

level;11859 wrote:
IyaJJJ;11858 wrote:
Europ;11635 wrote:

Its better to hang in the balance of decentralized policy than to loose it to an hazardous ideas. Which might later affect the standards of the digital currency

The standard of cryptocurrency can not be affected and even it will be affected gone are the days such thing will happen. The only thing we will see is things that may somehow affect the decentralized policy of cryptocurrency.

Yes, the decentralized nature of cryptocurrencies can occasionally clash with government regulatory obligations, which may aim to prohibit or regulate bitcoin use within their boundaries.

The size of the network supporting a particular cryptocurrency can impact decentralization. A larger network may be more decentralized, as there are more nodes supporting the network.

Offline

#149 2023-06-03 23:45:36

full
Member
Registered: 2023-01-06
Posts: 1,473

Re: Beware of crypto recovery services!

joanna;11860 wrote:
level;11859 wrote:
IyaJJJ;11858 wrote:

The standard of cryptocurrency can not be affected and even it will be affected gone are the days such thing will happen. The only thing we will see is things that may somehow affect the decentralized policy of cryptocurrency.

Yes, the decentralized nature of cryptocurrencies can occasionally clash with government regulatory obligations, which may aim to prohibit or regulate bitcoin use within their boundaries.

The size of the network supporting a particular cryptocurrency can impact decentralization. A larger network may be more decentralized, as there are more nodes supporting the network.

In some cryptocurrencies, a small number of mining pools may control a large percentage of the mining power, which can limit the overall decentralization of the network.

Offline

#150 2023-06-03 23:46:20

thrive
Member
Registered: 2023-01-04
Posts: 2,202

Re: Beware of crypto recovery services!

full;11861 wrote:
joanna;11860 wrote:
level;11859 wrote:

Yes, the decentralized nature of cryptocurrencies can occasionally clash with government regulatory obligations, which may aim to prohibit or regulate bitcoin use within their boundaries.

The size of the network supporting a particular cryptocurrency can impact decentralization. A larger network may be more decentralized, as there are more nodes supporting the network.

In some cryptocurrencies, a small number of mining pools may control a large percentage of the mining power, which can limit the overall decentralization of the network.

Some cryptocurrencies' development control may be more centralized, with a smaller set of developers wielding more power than a larger community.

Offline

Board footer

Powered by FluxBB