What is the BIGGEST problem with Crypto Currencies......Lost COINS:(....Are you at risk?
Steemians how would it feel to lose all your Bitcoins, Ethereum, Steem Power, Shit coins etc? I'm sure it wouldn't be something we would be that fond of, but it is a HUGE problem that the whole crypto currency faces. Many early adopters of bitcoin have had a first hand experience of either having their coins stolen, or losing them....I'm not really sure which one would be worse, but I know both problems can be prevented!
How can this be prevented?
- Never store your coins on a platform or a wallet that doesn't allow you to hold the private key. This means DO NOT hold your money in Coinbase, but instead move it over to wallet like Jaxx or Ethereumwallet.
Just take the time to educate yourselves....Knowledge is power.
Hold your private keys!!!!
Do yourself a favor and actually take this advice...Money well spent!!!
There is never to much security
Unfortunately, a lot more people than you think are in crypto and don't understand it entirely which is why its always good seeing tutorial videos to help drive towards mass adoption! Plus, you don't actually own your coins when you don't have the private keys :)
Take a look at the Sovrin Project or Hyperledger Indy! It deals with the problem of losing private keys
Hard wallets FTW