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Question - Topics: Currency Trading, Economy, Finance
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technedigitus2
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Posted On: 2018-02-12 19:02:36
Viewed: 1690
What is the most secure criptocurrency?

It's serious...
What is the securest digital money blockchain?

Some options: Bitcoin, Litecoin, ZCash, Dogecoin, Monero etc

Answers & Comments: 35
vtube
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9 months 1 week ago

hi, most popular criptocurrency my country is https://www.aisi.io/ :)

AISI coin is a cryptographic that represents a digital value -
Provided by blocking technology. Currently AISI uses decentralization
waves blocking. This decision, the best service and protection
Was made to secure
AISI coin offers customers quick and effective transfers, platforms
On any electronic wallet

Sorry my english
motoresdebusca
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9 months 2 weeks ago

This Answer has been blocked due to being Reported as Abusive or SPAM by members!
mmerlinn
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9 months 2 weeks ago

I doubt that any are more secure than any of the others. All of them are only as secure as the WEAKEST link in the chain. Security is usually dependent upon human access and, like all other things human, security is only as good as the people who maintain the security. Witness the hacking of Experion, TRW, Walmart, etc. all of which had excellent security, but were compromised by humans failing to maintain the security.

As for maintaining value, there is NOTHING of value backing up any of the cryptocurrencies. All there is are electrons which are essentially worthless. Real currencies are tied to something of value, like gold, silver, or other assets backed by governments. Net result is a wildly fluctuating market that can be manipulated at will by those with money, essentially a Ponzi scheme.
Vidanova
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9 months 2 weeks ago
Exactly. Complete manipulation. When prices are manipulated you cannot even guess which way the price will go. Crypto currencies are for lazy people. Rather invest in company stocks, at least you can do some homework like checking dividend history, financial reports to see how share price compares to actual value of a company, with this info (but not limited to) you can decide if a share is worth buying. Sure it involves effort but then the returns are far less risky.
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Avavav
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9 months 3 weeks ago

for the process used to made them, i think bitcoin.
Vidanova
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9 months 2 weeks ago
Not sure what you mean by this?
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Vidanova
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9 months 4 weeks ago

None of them. Because they are not backed by Assets. They only increase or decrease in perceived value, when people get tired of them they will all revert to the value they started out as which was zero. You would be better off trading currencies. Currencies have the the countries assets.
Just my tuppence worth.
GurdMuller
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9 months 4 weeks ago
This is very True.
criptocurrency is by definition is an OxyMoron since for something to be a Currency it needs to be backed by a Nations Central Bank. Otherwise the only value you have is the "Bigger Fool" wanting to pay you more for it.
Vidanova
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9 months 4 weeks ago
Criptocurrency is not unlike the Ponzi or Pyramid schemes that have come and gone, creating great wealth for a few and leaving vast numbers of people out of pocket. Most European banks have blocked people from buying Bitcoin with their credit cards because before Christmas folks bought the coin at $15-18000 with their cards, now its worth half that but they still owe the banks the full amount and are paying 20-30% interest on the debt.
It's all going to go pear shaped rather quickly me thinks!
GurdMuller
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9 months 3 weeks ago
Visa, that is actually very well said. That is indeed:
"Criptocurrency is not unlike the Ponzi or Pyramid schemes that have come and gone"

But in fact Criptocurrencies are 100% Ponzi schemes, since the only way you can make Money of it is other suckers come in at higher price than you.
Now dont get me wrong, I would love to have internet based currencies specially as alt to rip-off that are Visa & Mastercard, but for a currency to be a currency it needs to be backed by a Major Nation.
bmlawr
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9 months 3 weeks ago
Don't believe that any of them are secure, look what happen with Bitcoin where it got so high around the holidays when many were using Bitcoin and when they slacked off using it Bitcoin plummeted. So, agreeable with others that with no backers other then the users it can't be secure. It will always be jumping up and plummeting down, guess if you can predict you may win out, but good luck.
Vidanova
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9 months 3 weeks ago
The problem is the price is manipulated by a few. It is relatively easy for anyone with the means (Mr Crook) to buy huge amounts at a very low price when it starts. Then promote it with a billion emails, blogs and advertising across the internet with false promises and a lot of people fall for the hype and buy, so the price skyrockets, when Mr crook thinks it's peaked they sell off huge amounts at the high price, so they get a huge return. More to come.
dave_silva
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9 months 3 weeks ago
Bitcoin only has value because CNBC and other organs of right-wing Wall Street Media been pushing and hyping this crap. Otherwise it is literally worthless. Hek as the ultimate insult this so called currency, aka Ultimate SCAM, this Bitcoin was created by an anonymous person maybe with the name of Satoshi! This is like someone pissing on your face and CNBC saying, look: you are being showered by Gold, pay $5000 for it now.
Vidanova
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9 months 3 weeks ago
Then Mr Crook invents bad publicity (which he can spin later) so the price crashes, leaving many out of pocket and miserable. Once the price bottoms out he spins the bad publicity and starts the hype again thus pushing the price up and will sell when it peaks.....and so on
smamamo
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9 months 1 week ago
Bitcoin is never hacked like all eth based cryptos.
mmerlinn
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9 months 1 week ago
Just because Bitcoin has not YET been hacked doesn't mean it cannot be hacked. ANY computer program can be hacked, and if given enough time every one would be hacked, INCLUDING BITCOIN.
smamamo
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9 months 1 week ago
@mmerlinn The question was: "What is the most secure criptocurrency?"
Any criptocurrency need a computer. So if you look to all criptocurrencys, the bitcoin blockchain is the most secure one. Because the Blockchain is decentralized on thousands of computer stored. Would break on all nodes, and change the Blockchain. That doesn't work today so. This is also the value of Bitcoin.
mmerlinn
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9 months 1 week ago
sma, I am aware of all of that. Does not change the fact that ANYTHING that can be created can also be hacked. Maybe not today, tomorrow, etc, and maybe not easily.
Vidanova
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9 months 1 week ago
I agree, the lazy fools currency will be hacked one day, and probably sooner than one thinks.
smamamo
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9 months 1 week ago
again..the question was: "What is the most secure cryptocurrency?"
Any criptocurrency need a computer. So.. you mean that no cryptocurrency is secure? Ok nothing is secure. No Credit-card, no bank account, no Stock market. Life is uncertain, only the dead is for sure.
Vidanova
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9 months 1 week ago
again.. the answer is: Not any Cryptocurrencies are secure!

Being hacked is a secondary risk.

Credit cards and Bank accounts are secure in two ways, if your card is stolen or bank account hacked you will be covered by a protection scheme (often Government), insurance or the institutions guarantees, secondly, card and bank institutions are backed by assets. The stock market trades shares in real institutions that have assets. Assets are key.

Foolscurrencies do not have any of the above.
smamamo
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9 months 1 week ago
@Vidanova ok, I can accept that answer
Vidanova
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9 months 1 week ago
smamamo, you're welcome.
In life there is no gain without pain, in other words we have to work (put in effort) to achieve anything in life, those that go the extra mile make the extra buck. It's a simple philosophy but one that is so true.
Sure, you can shut your eyes and stick a pin in a list of stocks and come out a winner, but sometimes you won't, if you do some fundamental analysis on a stock (effort) then you reduce your risk and should win nearly every time. Foolscurrencies don't allow thi
smamamo
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9 months 1 week ago
I have a better starting position because I invested 2012 in bitcoin and therefore i can look back on several thousand percent growth.
Vidanova
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9 months 1 week ago
Awesome. I hope you sold the lot when it reached $18000! and if you did then you would have been one of the few lucky ones. But maybe you didn't because you were hoping it would go higher, but then it plummeted to $8000. There's the problem with Foolscurrencies, it's all down to "Luck and Hope" two immeasurable factors. What did you pay for them in 2012?
smamamo
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9 months 1 week ago
I swapped all shares of Apple after Steve Jobs dead in Bitcoins and buy again and again to, sell has no sense for me because I need at the time not a fiat money.
average price 2012 - 2013 was about 80,-USD
average price 2014 - 2016 was about 350,-USD
2017 about 2200,- USD
And my last buy was some weeks ago 7200,- USD
Total we habe a buy price 11450,- USD
So all in all not so bad.
I hold at least until 2020 because then is the next Bitcoin Block Reward Halving .
Maybe I sell 20% the rest is for m
mmerlinn
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9 months 1 week ago
Makes no sense to me that Jobs was dead in Bitcoins, since I see no way ANYONE can be IN bitcoins, dead or alive.
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