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RE: Is bitcoin a currency and is Jamie Dimon correct that it is a fraud - 'no' to both. Not throwing rocks but showing a few...

in #bitcoin7 years ago

Bitcoin serves as an attractive incentive for hackers and cybercriminals to attempt stealing the cryptocurrencies. All these factors have made it more important for both individuals and businesses dealing with cryptocurrencies to find and implement secure storage solutions for Bitcoin and Altcoins.

Exchange platforms in the past have found out the importance of security the hard way, losing millions of dollars’ worth of Bitcoin and altcoins belonging to their customers. Realizing the importance, many have already implemented some of the best cybersecurity measures to their platform. Similarly, individuals have to focus on the security of their wallets and make the best use of features like two-factor authentication and fingerprint recognition or even invest in a good hardware wallet to prevent themselves from falling prey to criminals.
am I right @greenman