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PEACEMAKER;12158 wrote:Europ;12101 wrote:Why will you have your money safe somewhere and its been controlled by the government.
Using Crypto keeps your money safe and it can also not be controlled by the government because it is decentralized. The only way they can control it is if you use centralized exchanges.
Using crypto means you are now ready to be in charge of your funds and be in total control but that demands good level of discipline and if you aren't you can lose your funds
That's true, the freedom and privacy and decentralization Crypto-currency offers comes at the prize of you being able to properly secure yourself in the crypto-currency space .
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MRBEAST;12191 wrote:PEACEMAKER;12158 wrote:Using Crypto keeps your money safe and it can also not be controlled by the government because it is decentralized. The only way they can control it is if you use centralized exchanges.
Using crypto means you are now ready to be in charge of your funds and be in total control but that demands good level of discipline and if you aren't you can lose your funds
That's true, the freedom and privacy and decentralization Crypto-currency offers comes at the prize of you being able to properly secure yourself in the crypto-currency space .
Cryptocurency as a whole is a secured itself, some users have been using there wallet for decades and never had a single issue with losing their fund. You can never lost your wallet if you do your things right. You should always be safety conscious about where you stores you private key, where you talked about crypto, the kind of transaction you made and more.
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CrytoCynthia;12205 wrote:MRBEAST;12191 wrote:Using crypto means you are now ready to be in charge of your funds and be in total control but that demands good level of discipline and if you aren't you can lose your funds
That's true, the freedom and privacy and decentralization Crypto-currency offers comes at the prize of you being able to properly secure yourself in the crypto-currency space .
Cryptocurency as a whole is a secured itself, some users have been using there wallet for decades and never had a single issue with losing their fund. You can never lost your wallet if you do your things right. You should always be safety conscious about where you stores you private key, where you talked about crypto, the kind of transaction you made and more.
You are right mate, Cryptocurrency is one secured investment anyone can make use of without experiencing any form of scam as long as we users do our path of self privacy and personal data protection. People can’t get scammed when they are very cautious and avoid any form of not protecting their data unless in the case of a lost device
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An advanced peer-to-peer network of computers works to keep records (aka ledgers) of all cryptocurrency transactions. Thousands of individual ledgers are kept and verified against each other, which helps to prevent fraud and lowers the risk of fake tokens
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Despite its decentralized nature, transactions on most cryptocurrency networks are very secure — as long as crypto users take precautions. The underlying blockchain technology is inherently secure.
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That's true, the freedom and privacy and decentralization Crypto-currency offers comes at the prize of you being able to properly secure yourself in the crypto-currency space .
That's true with Cryptocurrency, you are your own bank and you are responsible for safe guarding your assets. This means you should always be cautious of your security and privacy.
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CrytoCynthia;12205 wrote:That's true, the freedom and privacy and decentralization Crypto-currency offers comes at the prize of you being able to properly secure yourself in the crypto-currency space .
That's true with Cryptocurrency, you are your own bank and you are responsible for safe guarding your assets. This means you should always be cautious of your security and privacy.
Yes your safety on cryptocurrency is highly on your own concern and you need to take it very seriously because if anything happens to your funds you really don't have anyone to hold responsible.
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PEACEMAKER;12368 wrote:CrytoCynthia;12205 wrote:That's true, the freedom and privacy and decentralization Crypto-currency offers comes at the prize of you being able to properly secure yourself in the crypto-currency space .
That's true with Cryptocurrency, you are your own bank and you are responsible for safe guarding your assets. This means you should always be cautious of your security and privacy.
Yes your safety on cryptocurrency is highly on your own concern and you need to take it very seriously because if anything happens to your funds you really don't have anyone to hold responsible.
As we can all see that crypto coins is always safe, its just that some people fail by doing the wrong things, wrong precautions and also an hazard moves.
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They fail to understand that they operate their own bank when it comes to Cryptocurrency and there is no recovery services in the case of a mistaken or careless transaction
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<p>They fail to understand that they operate their own bank when it comes to Cryptocurrency and there is no recovery services in the case of a mistaken or careless transaction</p>
There actually recovery services who can help recover their lost cryptocurrency but the problem here is that most of them are scams. Also using these services violate the function of cryptocurrency and blockchain.
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JONSNOWING;12501 wrote:<p>They fail to understand that they operate their own bank when it comes to Cryptocurrency and there is no recovery services in the case of a mistaken or careless transaction</p>
There actually recovery services who can help recover their lost cryptocurrency but the problem here is that most of them are scams. Also using these services violate the function of cryptocurrency and blockchain.
Have you ever lost your crypto-currency and at any point you got help from fnose so called recovery services and your coin was recovered I want you to be very honest.
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I don't know why that user is always supporting scams and to me it's very unnecessary, there are many newbies here that has no good knowledge about crypto-currency so let guide them well
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I don't know why that user is always supporting scams and to me it's very unnecessary, there are many newbies here that has no good knowledge about crypto-currency so let guide them well
Its better to believe the general factors of crypto currency which is "irreversible in nature". If you lost your coin you can actually report directly to the support system of the exact coin and if you can't reach them either way or the other then accept your fate that your coins is gone. And if you like to push it to the Public they might as well get your info and details for other fraudulent benefits...stay wise.
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I don't know why that user is always supporting scams and to me it's very unnecessary, there are many newbies here that has no good knowledge about crypto-currency so let guide them well
Well I don't know his reason for behaving in such manner but it is important to careful select their choice advice to follow.
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Despite its decentralized nature, transactions on most cryptocurrency networks are very secure — as long as crypto users take precautions. The underlying blockchain technology is inherently secure.
Is not every cryptocurrency network that is very secure as you said if not we won't have seen a 51 % attack on some cryptocurrency networks.
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I don't know why that user is always supporting scams and to me it's very unnecessary, there are many newbies here that has no good knowledge about crypto-currency so let guide them well
This is a job for the moderators to handle.
If there is zero tolerance for scams then any reply supporting or promoting it should be censored to protect newbies.
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Camavinga;12339 wrote:Despite its decentralized nature, transactions on most cryptocurrency networks are very secure — as long as crypto users take precautions. The underlying blockchain technology is inherently secure.
Is not every cryptocurrency network that is very secure as you said if not we won't have seen a 51 % attack on some cryptocurrency networks.
For the benefit of those that don't understand what that means. 51% attack is a type of attack in which a single entity or group controls a majority of the hashing power on a blockchain network, allowing them to control and potentially manipulate the network's transactions.
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full;12577 wrote:Camavinga;12339 wrote:Despite its decentralized nature, transactions on most cryptocurrency networks are very secure — as long as crypto users take precautions. The underlying blockchain technology is inherently secure.
Is not every cryptocurrency network that is very secure as you said if not we won't have seen a 51 % attack on some cryptocurrency networks.
For the benefit of those that don't understand what that means. 51% attack is a type of attack in which a single entity or group controls a majority of the hashing power on a blockchain network, allowing them to control and potentially manipulate the network's transactions.
Thanks for helping the little man out (rookie). Here are what causes 51% of attacks. If a blockchain network has a low hashing rate and a small number of nodes, it can be easier for a single entity or group to dominate the network's computing power and launch a 51% attack.
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thrive;12620 wrote:full;12577 wrote:Is not every cryptocurrency network that is very secure as you said if not we won't have seen a 51 % attack on some cryptocurrency networks.
For the benefit of those that don't understand what that means. 51% attack is a type of attack in which a single entity or group controls a majority of the hashing power on a blockchain network, allowing them to control and potentially manipulate the network's transactions.
Thanks for helping the little man out (rookie). Here are what causes 51% of attacks. If a blockchain network has a low hashing rate and a small number of nodes, it can be easier for a single entity or group to dominate the network's computing power and launch a 51% attack.
51% can also occur if a blockchain network has poor security or vulnerability in its code, this can make it easier for attackers to exploit the network and gain a majority of the hashing power.
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Vastextension;12621 wrote:thrive;12620 wrote:For the benefit of those that don't understand what that means. 51% attack is a type of attack in which a single entity or group controls a majority of the hashing power on a blockchain network, allowing them to control and potentially manipulate the network's transactions.
Thanks for helping the little man out (rookie). Here are what causes 51% of attacks. If a blockchain network has a low hashing rate and a small number of nodes, it can be easier for a single entity or group to dominate the network's computing power and launch a 51% attack.
51% can also occur if a blockchain network has poor security or vulnerability in its code, this can make it easier for attackers to exploit the network and gain a majority of the hashing power.
Yes, but the mining difficulty of a project blockchain also has an impact if it is too low, it can be easier for attackers to acquire the necessary computing power to launch a 51% attack.
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joanna;12622 wrote:Vastextension;12621 wrote:Thanks for helping the little man out (rookie). Here are what causes 51% of attacks. If a blockchain network has a low hashing rate and a small number of nodes, it can be easier for a single entity or group to dominate the network's computing power and launch a 51% attack.
51% can also occur if a blockchain network has poor security or vulnerability in its code, this can make it easier for attackers to exploit the network and gain a majority of the hashing power.
Yes, but the mining difficulty of a project blockchain also has an impact if it is too low, it can be easier for attackers to acquire the necessary computing power to launch a 51% attack.
Nevertheless, an attacker can access cheap and powerful computing resources, such as cloud-based mining, which can make a 51% attack easier to accomplish either.
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Vastextension;12649 wrote:joanna;12622 wrote:51% can also occur if a blockchain network has poor security or vulnerability in its code, this can make it easier for attackers to exploit the network and gain a majority of the hashing power.
Yes, but the mining difficulty of a project blockchain also has an impact if it is too low, it can be easier for attackers to acquire the necessary computing power to launch a 51% attack.
Nevertheless, an attacker can access cheap and powerful computing resources, such as cloud-based mining, which can make a 51% attack easier to accomplish either.
If the attacker has a strong economic motive or is financially incentivized to manipulate transactions on the blockchain, they may be more likely to launch a 51% attack on a project.
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thrive;12650 wrote:Vastextension;12649 wrote:Yes, but the mining difficulty of a project blockchain also has an impact if it is too low, it can be easier for attackers to acquire the necessary computing power to launch a 51% attack.
Nevertheless, an attacker can access cheap and powerful computing resources, such as cloud-based mining, which can make a 51% attack easier to accomplish either.
If the attacker has a strong economic motive or is financially incentivized to manipulate transactions on the blockchain, they may be more likely to launch a 51% attack on a project.
Despite everything you guys said. It's important to note that a 51% attack is a serious threat to the security of a blockchain network and can lead to significant financial losses and reputational damage.
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level;12651 wrote:thrive;12650 wrote:Nevertheless, an attacker can access cheap and powerful computing resources, such as cloud-based mining, which can make a 51% attack easier to accomplish either.
If the attacker has a strong economic motive or is financially incentivized to manipulate transactions on the blockchain, they may be more likely to launch a 51% attack on a project.
Despite everything you guys said. It's important to note that a 51% attack is a serious threat to the security of a blockchain network and can lead to significant financial losses and reputational damage.
This is the reason why Blockchain developers and network participants need to take necessary precautionary measures to prevent 51% of attacks. I like the UtopiaP2P ecosystem for having every issue settled.
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Vastextension;12652 wrote:level;12651 wrote:If the attacker has a strong economic motive or is financially incentivized to manipulate transactions on the blockchain, they may be more likely to launch a 51% attack on a project.
Despite everything you guys said. It's important to note that a 51% attack is a serious threat to the security of a blockchain network and can lead to significant financial losses and reputational damage.
This is the reason why Blockchain developers and network participants need to take necessary precautionary measures to prevent 51% of attacks. I like the UtopiaP2P ecosystem for having every issue settled.
Meanwhile, this is the reason why cryptocurrency investors also need to pay attention the concept, blockchain and other mechanism of the project they wanted to invest in.
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