Old BHP's did not have a trigger safety nor did they have the larger external safety. So it was possible for a blow to the back of the hammer to cause a discharge, and the safety was hard to manipulate. Now, the safety has been enlarged and made easier to operate, and (as far as I know) all new BHP's are sold with a firing pin safety which prevents the weapon from firing even if the hammer is crushed into the firing pin. So (as far as I know) it is perfectly safe to carry in condition one provided you practice safe gun handling.
Since the BHP is a single action only weapon, you would have to manually cock the pistol if carrying condition 2 before you can shoot it. You can't just fire double action. Of course, it is possible to screw that up and break your thumb by shooting before you get your thumb out of the way, or droping the pistol, etc. I feel this presents more of a hazard than carrying condition 1.
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