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Are We seeing more security in Bitcoin ?

  • Thread starter Thread starter Josemendez
  • Start date Start date
I think that this was one of the reasons so many people were raising eye brows concerning the project and am now happy things like kyc are now in place.
 
According to Ethereum founder, Vitalik Buterin, security is one of the three pillars of any crypto currency and bitcoin (as well as Ethereum) is built on security.
 
There is more and more entrants into the cryptocurrencies business opportunities on a daily basis than It used to be in the past. There is a lot money to be made in cryptocurrency
 
If the government will really want to get involved in the cryptocurrencies security if the are or become a legal tender officially, they will know how to go about it
 
There is nothing that can prevent bitcoins from being used for illegal activities because it is a decentralized cryptocurrency, it is the duty of the government to prevent people from from using cryptocurrency for illegal activities.
 
Fiat Currencies are also being used for so many illegal transactions, but I do not think this should ever be a reason why the government should clampdown on Crypto Currencies.
 
From my observation so far coupled with the information and statistics above, I think that some measures will be developed in no distant time to check the activities carried out using bitcoin. To me, it is a welcome idea. Crypto really needs security as it is a very big platform.
 
Concerning If we are going to see more security with the cryptocurrency coin bitcoin. Well, I belive we are because it was not as anonymous like before were some back door transactions are been made with bitcoin without no trace. Bitcoin is now a bit transparent to its customer and this will help boost the investors interest.
 
That's nice, I really thank God for most of this cryptocurrency exchanges because they are the one that has also help to stop the high rate of criminal activities in the cryptosystem by making it compulsory for every members to do their verification.. I don't really know of any other factors that influence this.
 
There is really no need for us to see more and more security regulations on bitcoin, because it is already very safe already and there are no current security threats to it like we may be thinking.
 
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