Cryptocurrency and traditional banking: which one is more secured now?

Chit Chat
81

No more a secret. It’s cryptotically obvious.
But you jump and pass.

You seem not to understand that @Prince-Onscolo is richer than president

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82

OK from the various replies I have gotten, most people thinks crypto and banks come with their various security issues.

Some think they are all the same and some think crypto is safer but I can see where their are coming from. :joy: Pure sugarcoating because they are crypto addict.

To be frank crypto is becoming more scary with scams. We do hear bank fraud big not as much as we hear crypto fraud. Someone can own a bank account and do not need any internet for anything unless the banking hall. Even with that, transactions are performed by high protected computers unlike in crypto I am my own bank, teller, manager and security. The little mistake I do will end of wallet wiped. Sometimes these mistakes are unintentional. But in banks mistakes from a teller has nothing to do with me, I will still take my money unless the bank collapsed which is also normal in crypto. Lunar, ftx and others.

Let’s educate people, it is not easy to be rich. This space we are in is dangerous but if you are able to protect yourself from all these, you will end up winning big. The road is rough but we will surely get there.

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83

Nana Addo or your current president :joy::joy::joy:

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84

Maybe Onana the choirister master :joy::joy:

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This summary reminds me of The one one we use to say at the end of debate in our Nursery school.

With this few point of mine, I’m here to add to the point that asked. Crypto and bank which via better?

  1. Crypto and bank both good in their own ways,.
    Bank security a combination of personal + the banks.
    Example,. You can be in a gunpoint position where your bank details collected from you.

BUT YOU CAN STILL HAVE ACCESS TO BANK IF DONE IMMEDIATELY TO TELL YOUR BANK TO LOCK :lock: YOUR ACCOUNT FOR YOU FOR ITS HAS BEEN COMPROMISED.

FOR CRYPTO, AS YOU SAID,

Meaning any mistake ( big or small) the owner has no one to report to. Even in CEX.

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86

:joy::joy::joy::joy: I won’t mind you

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87

exactly brother, you have round it up nicely

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88

Very good you made mentioned oF education.
And Strongly emphasis on CRYPTO NOT A GET RICH QUICK SCHEME.

besides not everyone will need crypto in Their lives, no matter how the adoption be.

Mr. Gordian can still be of crypto, and do business or work till get rich.

Mr. Gordian can still stuck to crypto and grow small small till get rich ( either by luck or any other).

With my few point of mine I hope I have been able to convince you and not to confuse you that
Crypto is not better than bank
And
Bank is not better than crypto

Thank you.

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89

Thanks you brother, cause topic like this when discussed in depth like this can bring out the sabinus in one’s life

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90

Even as an armed robber, u can enter any traditional bank and do away with millions of dollars unlike money heist

But in crypto hackers are still more than that.

For me i use both crypto and traditional bank. I can put my eggs in one basket.

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you mean you can’t right?

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Yh yh y3mmr3 y3. Can’t koraa y3 se can. Wei y3 asem

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hahahaha 3y3 as3m ooh