Is It Safe To Use Bitcoin in 2020? - Cryptocurrency
Payment Processing — Bitcoin
Pros and Cons of Accepting Bitcoin as a Payment Method ...
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I am new to this . I got into empire market and then it got shut down and I've been looking at WHM and doing my research others and I've seen all these types of payment methods . Anyways is there anywhere I can look up on how these payment methods work ? Or how to start a bitcoin safely ? Thanks!
Bitcoin is not safe as cash-payment if not planning ahead.
If the bitcoin-owner is not planning ahead and if a IRL-shop/store take pictures of costumers in the store from their security-cams, and the paying costumer have all his savings on that bitcoin-address, the store can easily connect the bitcoin-address with face-pictures (which is much worse than fiat-cash). IRL-shops/stores can be asked to save all facepictures that use crypto as payment if police/fbi/ever wants that. Also, the shop can send a criminal person to follow after the bitcoin-owner that payed from a rich address and steal everything. The shop can also publish the pictures together with the address on the internet if they "just want that". Internet-shops can connect the buyer with the identity/IRL-address as well. (Some internetshops could be part of criminal networks.) Bitcoin would go straight to hell in the future for all crimes that would pop up if many people stored a high sum of money in bitcoin at one address - and then used that address for cash-payments. So if using Bitcoin as a big storage of money and as cash-payments, then it is a must to have several wallets for being safe. But it is not enough to just send bitcoin from the big storage-wallet to the cash-wallet, but has to go through something else first that can't connect the source with the buyers real funds (because the source-address can be studied easily as well, as for checking what kind of address it is and for how it is used and when it is used, because the same shop/store can compare the source-addresses if the person is buying there several times). If you are the only one that know about your own money, and of course the only one that is protecting them, then you have no insurance either, because that is what robbers also know, "the money is out of the normal system and you are the only key to them and has no insurance for the money" (the money basically don't even exist in knowledge outside your and the criminals awareness). So if wanting to use bitcoin, then only use a bitcoin-address that can't be connected to your bigger secret money-savings if don't want to be a criminal-magnet for uncontrolled money, i.e. controlled only by you.
Vinny Langham weighs in on BCH: “I’m bullish on Bitcoin Cash in terms of it being a better payment system.” “BTC has premature scaling concerns. 4mb is safe. We could have gone to that level before warranting later 2 solitons.”
Ethan Heilman: "My research on Bitcoin privacy in tweet form: TumbleBit uses an intermediary tumbler to allow parties to make private payments that are fast, confidential, and safe. The tumbler cannot violate your privacy, nor steal your bitcoins. TumbleBit is fully compatible with today’s Bitcoin."
"First bitcoin was a way to make electronic payments without using banks; now it is a way to keep money in a safe deposit box at a bank without being able to use it to make payments; at this rate, in a decade, it will be a face-to-face barter system. By 2050, bitcoin users will undiscover fire."
Is it safe to sell bitcoin and receive the payment in Western Union or Money Gram?
I want to know is it safe to sell bitcoin and receive the payment in Western Union or Money Gram? What if the buyer sends to me the Western Union check from the stolen credit card? Will I get the reverse money? Which one has the lower fee to send money Western Union or Money Gram? Thank you.
Vinny Lingham: “I’m bullish on Bitcoin Cash in terms of it being a better payment system.” “BTC has premature scaling concerns. 4 MB is safe. We could have gone to that level before warranting layer 2 solutions.”
Vinny Langham weighs in on BCH: Im bullish on Bitcoin Cash in terms of it being a better payment system. BTC has premature scaling concerns. 4mb is safe. We could have gone to that level before warranting later 2 solitons.
How safe is it selling bitcoins and receiving paypal payment ?
I want to set up a 'sell bitcoins for paypal payment' method on local bitcoins but am unsure whether it's safe. You can't undo a bank transfer so once I see someone has transferred via bank i know I've got the money. How ever I know with paypal they have a 'dispute centre' where payments can be contested. Does any one have experience with this / know what paypal's rules are ?
Vinny Lingham: Im bullish on Bitcoin Cash in terms of it being a better payment system. BTC has premature scaling concerns. 4 MB is safe. We could have gone to that level before warranting layer 2 solutions.
Is it safe to send payments with bitcoin core again yet?
I am asking because I'm a idiot and I can't word things right to search for answers effectively, I'm on update 1.4.1 do I need to be on 1.4.2 to be able to receive and spend bitcoin with the current blockchain? or are there no longer any unknown block issues from the switch stuff and I'm fine in my current situation to spend bitcoin with no hiccups, I'm trying to get something I need on newegg.
03-03 19:42 - 'Yeah. They send the PayPal payments through a verified 3rd party (Virtual World Services GmbH) so it is safe. / They send bank transfers too if you prefer that, just send them an e-mail.' by /u/sweifg2 removed from /r/Bitcoin within 48-53min
Bitcoin technology is created in a way that disallows payment reversal or chargebacks. A wallet has a set amount of money in it, and customers pay from their wallet to yours. Payments are a one-way only transaction, so you can’t lose money due to stolen credit cards. As a matter of fact, the customer takes the risk of you never sending product even though you’ve been paid. The answer to the question "is it safe to use Bitcoin" is yes, but it also depends on how well can you manage your security. Is it safe to use Bitcoin? In its ten years of history, Bitcoin, when used and stored correctly, has proven itself ... Bitcoin is one of the safest ways to pay over the internet. In a normal transaction, you have to send your bank or credit card details to the vendor in order for them to process the transaction. If the vendor stores any of that data and is then ha... But Bitcoin is not just for payment at a site. You can use the Bitcoin in your wallet belonging to a casino for spending on other vendors that accept the cryptocurrency like, Reddit. Conclusion. With the acceptance of Bitcoin as a viable digital currency increasing day by day, more number of people have started embracing it. Considering the ... Bitcoin's dramatic rise in value in 2017 captured the media's attention, but the currency isn't always safe from hackers, or even a failed hard drive. Consumer Reports looks at whether bitcoin is ...
HOW TO GET A BITCOIN WALLET - Safe and Secure Way - YouTube
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