Security concerns with storing and exchanging bitcoins from "summary" of Digital Gold by Nathaniel Popper
Storing and exchanging bitcoins can be a risky business. The digital nature of bitcoins makes them vulnerable to theft and hacking. Unlike traditional currency, bitcoins are not physical objects that you can keep in a safe or under a mattress. Instead, they exist purely in the digital realm, stored in a digital wallet on your computer or mobile device. Because bitcoins are stored electronically, they are susceptible to cyber attacks. If a hacker gains access to your digital wallet, they can easily steal your bitcoins without leaving a trace. This has happened to many people in the past, leading to significant financial losses. To protect your bitcoins from theft, it's essential to take security measures seriously. This includes using strong passwords, enabling two-factor authentication, and keeping your digital walle...
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