Thursday, 30 June 2016

BTC THEFT AN ITCH THAT REFUSES TO GO



The rate of Bitcoin theft in recent times has been alarming to say the least, enthusiastic investors have been ripped off their hard earned money even before they kicked off for their gains, and the on-line universe is taking note of it as more and more people continue to label the cryptoworld as a haven for thieves and hackers of all forms and kind, from mining scams to virus and bugs they are beginning to feel that the cryptoworld is a bad place to do business and see the digital currency as an outlaw.
For us who have embraced it, BTC theft is like an itch that would not stop; giving us a bad reputation and sometimes causing us losses to our digital investments, even the wonderful developers of this idea are still coming to grips with it looking for ways to improve the features of their e-currencies.


As I see it the cryptoworld is still young, there has and will always be scams and robberies on the internet; it has not stopped her from growing and will not do so now. So it is with digital currencies it is an idea that has come to stay and will never die away again, the seamless ease at which one can transact and earn from these currencies will attract attention anytime. Digital currency transactions are still considered to be the cheapest means of secure transactions, it is anonymous, decentralised, highly valued and uses the highest form of technologies on the planet.
So what can the cryptoworld do in  response to theft and robberies, first new investors should not see her as a world of quick cash and the developers of this digital currencies should not rest on their laurels if they want to beat this scourge. In the case of scams, online transactions are as virtual as the air so all effort must be made when investing or performing transactions with investment platforms both traders and investors alike must remember that unless cash is at hand, it is lost. Testimonials, and large payout promises including longevity of an investment platform should no longer be a yard stick to judge good investments, rather a solid portfolio and a physical representation should be the yard sticks, my experience has taught me that most genuine investments have a physical representation, that can be held accountable should problems arise.
 For the robberies the developers should always take account of it before and whenever it occurs, and counter measures, like security keys, authentications and insurance back ups should be strong enough to ward off hackers.

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