Bitcoin can be hacked? - page 2. | Bitcointalksearch.org

boynamnhi

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Quote from: Major_Troubles on October 16, 2017, 04:20:01 AM

I love the concept of Bitcoin. I believe the Internet will redefine currency as we know it. I hope this helps the Bitcoin community to develop a currency that's really resilient to attacks.

But, is it possible?

I think we can split into two case:
- Bitcoin works: Absolutely impossible to attack because of blockchain technology is effective and technology is developing on a modern.
- Personal Bitcoin: Sometimes it can be attacked with security implications. This happens depending on the individual user wallets. They need to secure their wallets with strong passwords and can somehow back them up so they are not lost. It's best to keep your hardware.

multimix

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If you say about blockchain and bitcoin. I think it's impossible to hack. Bitcoin can also be decentralized that it has its own server or bitcoin itself is a server and every second it turns it into an encrypted key so that hackers will have difficulty in overcoming it.

sam2014

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Quote from: Major_Troubles on October 16, 2017, 04:20:01 AM

I love the concept of Bitcoin. I believe the Internet will redefine currency as we know it. I hope this helps the Bitcoin community to develop a currency that's really resilient to attacks.

But, is it possible?

Bitcoin itself cannot be hacked because it is built on the Blockchain, and as we all know the blockchain is an open ledger which is distributed and discentralized, that means everyone and anyone own the system. What am saying is that, for the Blockchain to be hacked, all the individual node running around the world has to be hacked at once before any block can be altered, this is more or less impossible. According to my explanation above you should understand that the Blockchain cannot be hacked

cizatext

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Bitcoin is very hard to be hacked because of it high security technology that never allow a third party involvement and if there is any case of hack in bitcoin if you check very well the user might have open up some secret details such as private keys to the hacker or even your email being hacked into and from there they have access to your account.

anana ris

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Blockchain, the underlying technology behind bitcoin has no history of such attacks, although it has been spammed before causing the network to clogged down a little. And with regards to bitcoin wallet, its your own responsibility to protect it against hackers, like having strong passwords, 2FA and secure your private keys. I hope you can research first before posting here because it looks like you don't have a clue what bitcoin/blockchain is

Kocret02

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It's possible to steal bitcoins from a market or a wallet, but you can't hack it. Hacking is not possible due to the blockchain technology, which is now actively integrated into other projects. Even governmental ones.

bitcoin hacking will be very difficult because it is protected by high funding, hackers can only steal bitcoin from exchange or market available or from the wallet of the participants.

meritbygrace

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Yes there is a possibility,Bitcoin in particular has seen a huge surge in popularity recently.A bitcoin mining service was hacked to the tune of $64 million some time ago.lets guide our key with jealously.

virasog

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Quote from: sheryl26 on January 13, 2018, 08:26:05 PM

Quote from: Major_Troubles on October 16, 2017, 04:20:01 AM

I love the concept of Bitcoin. I believe the Internet will redefine currency as we know it. I hope this helps the Bitcoin community to develop a currency that's really resilient to attacks.

But, is it possible?

Yes it is possible to hack the bitcoins wallet because here in the computer world the world of technology nothing is impossible but for now i do not have some hacking issues in my wallet it supposed that the wallet that i use have a lot of security purposes. So lucky for me i didn't experienced that hacker thing. I am not sure if there are a persons that are a victim of a hacking and lose a lot all of their money. But bitcoins is still unhackable the main bitcons cannot be hacked.

I think nobody can hack bitcoins, Since block chain using highly security and secure from attacking. Bitcoin doesn't exist physical nor can be controlled. But wallets can be hacked by many tricks. A hacker can send a file to his victim to steal his password. So to be more secure you should buy hardware wallets and even then be careful with their private keys too.

Rosilito

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Wish for the rain? Then deal with the mud too.

Yes there is a possibility especially bitcoin is decentralized means there are no specific people managing it. Well, also bitcoin runs through our technology and hackers also work through it so bitcoin could be hacked by hackers. Well, if you have the daily monitoring habits with it you could lessen the possibility of it getting hacked or if you have a safe wallet to stored it.

HunterBTC

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It can happen if you have Bitcoin balance in your wallet and key or privatkey that we have unintentionally spread, and also now many mulao hackers who have their own way to hack the account or wallet that we have, therefore we must save the key or privatkey and also it's good we duplicate the privatkey.

xxToaDxx

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In the event that you simply mean hacking wallets, at that time affirmative, wallets may be hacked and various purchasers got hacked antecedently and various others are afterward in light-weight of the actual fact that wallets security depends upon the shopper himself. However, within the event that you simply mean hacking the Bitcoin as a running system, I surmise that may be laborious if definitely possible in light-weight of the actual fact that the thought depends on decentralization and with additional purchasers reaching to the system the safety finishes up additional grounded and additional grounded.

heisenberg0000

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Quote from: Major_Troubles on October 16, 2017, 04:20:01 AM

I love the concept of Bitcoin. I believe the Internet will redefine currency as we know it. I hope this helps the Bitcoin community to develop a currency that's really resilient to attacks.

But, is it possible?

Nope it isn't. This is because of the block chain technology and the algorithm that bitcoin posses. So in order to hack and duplicate a bitcoin would be totally taxing. I can remember an article I came across where is mention that in order to duplicate 1 bitcoin would cost you more than the current price of bitcoin. And during that time bitcoin was priced around 10000 USD.

Addywealth

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well, anything is possible. we cant explain who controls bitcoin an how its been managed in as much we do not have answers to this question then the system can be manipulated, Bitcoin needs to be control by central bank for safety precaution. most times our exchange sites were hacked and we coulnt do anything to it.

jjbanks994

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Definitely not. I wouldn't worry about the tech itself, but more so the users lol. Lots of margin for error when you buy it and store it along with custodianship.

decano

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Bitcoin can't be hacked because bitcoin is invulnerable. Bitcoin was discovered long time ago but there is no one could ever hacked bitcoin, I know that many people wants to hack it because they want to get bitcoins in just easy ways.

Gadhoh

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Quote from: Major_Troubles on October 16, 2017, 04:20:01 AM

I love the concept of Bitcoin. I believe the Internet will redefine currency as we know it. I hope this helps the Bitcoin community to develop a currency that's really resilient to attacks.

But, is it possible?

will definitely be hacked, whose name a network can be hacked, including bitcoin or one bitcoin user account that already has a lot of bitcoins, the security must be properly guarded, and we should be more pleasing if in fact our account is hit by a hack usually ask for a huge reward so our account can come back

TheSmo

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The theft of bitcoins has now become commonplace and no longer causes such interest as a couple of years ago. The amounts of stolen bitcoins are already measured in hundreds of millions of dollars. Attacks hackers were exchanged bitcoin, major miners, owners of a large number of bitcoins. Not to mention the Internet services, which were originally created to steal bitcoin. In other words, hacking bitcoin is not such a difficult task.

Klintiv

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https://www.soar.earth/

there is a possibility that bitcoin will be hacked in the future. in the meantime, for 10 years, no one was able to crack bitcoin

Nyenyepogi

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Quote from: Major_Troubles on October 16, 2017, 04:20:01 AM

I love the concept of Bitcoin. I believe the Internet will redefine currency as we know it. I hope this helps the Bitcoin community to develop a currency that's really resilient to attacks.

But, is it possible?

i can say yes 100 percent because i am a vicitim of scam like phsiing site so be careful by clicking some sites because one wrong move your money will loss or some icos is scam so dont invest iff you dont know what is coin that you wantt o invest so its more good to buy in some exchanger like bittrex binance just pick a good cryptocurrency aso you will get more money.

noelanora99

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So yeah like they said, with the Blockchain technology it's hardly likely to ever gonna happen. though not absolute, it still give us a relatively high security assurance.

And with it's trend that is running, I'm pretty sure that security issues we'll even be lesser.

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