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Old 12-09-2013, 02:35 PM   #557
SkinnyPupp
Hacked RS to become a mod
 
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Quote:
Originally Posted by Hehe View Post
Oh really? Google "bitcoin heists" and get back to me on safety.

The thief basically stole a hundred millions worth of BTC sitting in front of his/her PC in PJs.

Do you know what it would take to heist 100 million dollar worth of cash or any physical good?

The truth is, any benefit of BTC can be circumvented given enough time and resource. Why? Because it's digital. It might take years before someone comes up with ways, but given the non-destructive nature of BTC transactions and presence, there will be a way to do it.
I'd rather be jacked by some kid in his PJ's than someone pull a knife on me meeting to buy something on Craigslist... That sounds safer to me at least

Plus those 'heists' are nothing new. People have been stealing passwords as long as passwords have existed. If you aren't careful with it, you're going to lose it. If you are careful with it, nobody can touch your shit.

And then you can look at your address if you want, and see exactly where the money goes. And if you can investigate thoroughly enough, you may be able to trace it.

Also when people say safe, they mean safe from banks and companies like Paypal. They can (and have) blocked people from accessing their funds for various reasons (even the government can make them do this). Banks put limits on how much you can withdraw each day, will question you when depositing, etc. Even formerly 'free' banks in Hong Kong have started placing mandated limits on accounts. For instance, starting this year you have to apply for an allowance to withdraw overseas with your ATM card. You have to do this before you leave, otherwise your withdraw limit is really small.

When you put your money in a bank, you are giving it to some corporation that is who knows how corrupt, working with terrorists (HSBC) and the government, often without your consent.

Nobody can touch your bitcoin wallet EVER, unless you let them.
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