Bitcoin Whiteboard Tuesday – Become a Bitcoin Safety Expert

Today’s topic is Bitcoin Safety. Throughout the years, there have been numerous cases of people who have had Bitcoins lost, stolen or scammed out of their hands. In today’s episode, we’re going to talk about how to become a “Bitcoin Safety” expert so these things don’t happen to you.

Before we get started though, I want to bust one myth some people who are new to Bitcoin often have. A lot of people think that because Bitcoin is digital it can be hacked and manipulated. Also, due to many cases of theft people sometimes think Bitcoin isn’t safe. That couldn’t be further away from the truth.

Bitcoin, the currency and the technology behind it, has proved to withstand numerous attacks throughout the years. The weak link in Bitcoin’s security is usually the people who handle it. Whenever you hear that Bitcoins were stolen, it wasn’t because there was a problem with Bitcoin’s technology, but because whoever was holding those Bitcoins wasn’t careful enough.


Source: CoinFire

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