Security of Wallets is becoming the biggest concern now.. We need to find ways in order to secure our wallet.
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Security of Wallets is becoming the biggest concern now.. We need to find ways in order to secure our wallet.
True
In the case of IOTA it was not a security issue. You can make the securest wallet ever but if people send you the money cause they have no knowledge no security issue can handle that.
Crypto is still at the very beginning and even John Mcafee states it takes a lot of concentration
This I do agree with. I would say people not educated enough in cryptocurrency and the wallets is the biggest security issue. People are chasing "Lambos" and have no idea that this is about investing in new blockchain technology companies. They will do anything to get rich quick if that means doing weird things in a fishy website and then lose all there money. Afterwards have the nerve to blame these wallets and start calling everything a ponzi scheme. These are also usually the "weak hands" whos see a little bit of red so they panic sell all there coins and take huge loses. Give a man a short pump and he will eat for a day, Teach a man Crypto and he will HODL that shit and the Lambos will come to him.LMAOO!
Great! HAHA yes exactly, when dealing with this stuff one must differntiate a lot but those people just are not able to do so.
I am sure the most experienced already made mistakes but are able to differntiate between "I made a mistake" and "the company was hacked"
kind of http://www.turnofftheinternet.com/
I’ve been following Michael since about March, last year. If I’m not mistaken, this is the second Iota hack he’s addressed in that time.
No I am not talking about michael, he explains it very well and what happend.
You must differntiate between a hack and people thorw money out of the window. All this guy or girl did was : "here is the window - thorw it there" and the people did it. In a cutting edge technology like iota focussing on msm iot this is not forgiven. If it would be a coin focused on userexpierience I would maybe understand it.
Iota was not hacked nor the wallet. I can give you the securest wallet, pin it on your back put chains on it give you the key and tell you not to unlock it. Someone comes along telling you to unlock it and throw your money out of the window, if you do it no lock, no key, no security will help it, if you throw it out of the window it will fall out of the window.
And then you come along and say "your money was stolen"
Well if you throw it out the window I would not say it was stolen
Dang! If there’s an award for Most Detailed Explanation, you win.
Well I tryed to explain it in a language so it can be understood as the above is actually common sence in my opinion
Thank you!