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Many have also been wary of the security of their funds held in bitcoin. These fears are unwarranted as the security protocol of the bitcoin technology is way superior than that of bank account. Some of the software around it are still under development as new ideas continue to unravel. It is true that there has been cases of hacking of trading companies and bitcoin funds transferred. There, have been the same kind of infiltrations on banks too and people have lost millions.

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