Topic: Bitcoin can be hacked - page 2. (Read 1777 times)
Bitcoin network can not be hacked because it uses military level cryptography so that transaction will be very safe. No one can use your money or make payments on your behalf. but your wallet can be hacked if you do not increase your security like changing password frequently, not using public computer or internet cafe in transactions and others.
Many say that Bitcoin is the safest way to hold value because Bitcoin cannot be hacked. But for many users that is not true.
It depends on how you look at it. Think about this first:
I sell you a door with a lock that genuinely cannot be opened by a thief. I now say that no-one can rob your house.
Of course it is true that no-one can open your door, but it is not true that the house cannot be robbed. The thief can smash the window, pick your pocket when you are on the street, trick his way into your house and so on and so on.
In Bitcoin many believe that because the Bitcoin ledger itself cannot be hacked, their money is safe. That is why they say Bitcoin cannot be hacked.
But it is actually quite easy to steal people's Bitcoin by hacking their wallets, stealing their passwords, hacking into exchanges and so on and so forth. We see it every day.
When you hear "Bitcoin cannot be hacked", many take this to mean that their Bitcoin cannot be stolen.
They are not technically knowledgeable so when they hear the words "cannot be hacked" they believe it menas their money is safe. For them "Bitcoin" is the whole collection of the ledger, the wallet, the exchange, their own computer
Many have their Bitcoin stolen, and therefore for many people they have to stop believeing that Bitcoin cannot be hacked.
For most non-technically knowledable people, the true phrasing is that Bitcoin can be hacked, and is being hacked on a daily basis.
It depends on how you look at it. Think about this first:
I sell you a door with a lock that genuinely cannot be opened by a thief. I now say that no-one can rob your house.
Of course it is true that no-one can open your door, but it is not true that the house cannot be robbed. The thief can smash the window, pick your pocket when you are on the street, trick his way into your house and so on and so on.
In Bitcoin many believe that because the Bitcoin ledger itself cannot be hacked, their money is safe. That is why they say Bitcoin cannot be hacked.
But it is actually quite easy to steal people's Bitcoin by hacking their wallets, stealing their passwords, hacking into exchanges and so on and so forth. We see it every day.
When you hear "Bitcoin cannot be hacked", many take this to mean that their Bitcoin cannot be stolen.
They are not technically knowledgeable so when they hear the words "cannot be hacked" they believe it menas their money is safe. For them "Bitcoin" is the whole collection of the ledger, the wallet, the exchange, their own computer
Many have their Bitcoin stolen, and therefore for many people they have to stop believeing that Bitcoin cannot be hacked.
For most non-technically knowledable people, the true phrasing is that Bitcoin can be hacked, and is being hacked on a daily basis.
we are living a life where everything does not go as planned. what is the difference if we go and invest our money in bitcoin. yes there are chance that bitcoin can be hacked. life cannot go all as planned we are humans that have curiosity of what will happen tomorrow.
Well, theorically speaking, as of now Bitcoin can't be or can be but next to impossible be hack. With the fast growth of technology, it can be scary on how it can do to cryptocurrency that's why there are hardforks and new coins like Monero, verge, or DeepOnion to secure your coins.
Many say that Bitcoin is the safest way to hold value because Bitcoin cannot be hacked. But for many users that is not true.
It depends on how you look at it. Think about this first:
I sell you a door with a lock that genuinely cannot be opened by a thief. I now say that no-one can rob your house.
Of course it is true that no-one can open your door, but it is not true that the house cannot be robbed. The thief can smash the window, pick your pocket when you are on the street, trick his way into your house and so on and so on.
In Bitcoin many believe that because the Bitcoin ledger itself cannot be hacked, their money is safe. That is why they say Bitcoin cannot be hacked.
But it is actually quite easy to steal people's Bitcoin by hacking their wallets, stealing their passwords, hacking into exchanges and so on and so forth. We see it every day.
When you hear "Bitcoin cannot be hacked", many take this to mean that their Bitcoin cannot be stolen.
They are not technically knowledgeable so when they hear the words "cannot be hacked" they believe it menas their money is safe. For them "Bitcoin" is the whole collection of the ledger, the wallet, the exchange, their own computer
Many have their Bitcoin stolen, and therefore for many people they have to stop believeing that Bitcoin cannot be hacked.
For most non-technically knowledable people, the true phrasing is that Bitcoin can be hacked, and is being hacked on a daily basis.
It depends on how you look at it. Think about this first:
I sell you a door with a lock that genuinely cannot be opened by a thief. I now say that no-one can rob your house.
Of course it is true that no-one can open your door, but it is not true that the house cannot be robbed. The thief can smash the window, pick your pocket when you are on the street, trick his way into your house and so on and so on.
In Bitcoin many believe that because the Bitcoin ledger itself cannot be hacked, their money is safe. That is why they say Bitcoin cannot be hacked.
But it is actually quite easy to steal people's Bitcoin by hacking their wallets, stealing their passwords, hacking into exchanges and so on and so forth. We see it every day.
When you hear "Bitcoin cannot be hacked", many take this to mean that their Bitcoin cannot be stolen.
They are not technically knowledgeable so when they hear the words "cannot be hacked" they believe it menas their money is safe. For them "Bitcoin" is the whole collection of the ledger, the wallet, the exchange, their own computer
Many have their Bitcoin stolen, and therefore for many people they have to stop believeing that Bitcoin cannot be hacked.
For most non-technically knowledable people, the true phrasing is that Bitcoin can be hacked, and is being hacked on a daily basis.
bitcoin will not get hacked, because bitcoins have multiple interconnected points and synchronize the balance, unless the security we have for access to your wallet seems to get hacked.
Bitcoin wallets can be hacked using social engineering for which there is no other protection than common sense
Actually, I think bitcoin is stalked every day by hackers but it still exists because it is very secure. So most people who lose bitcoin are hackers who steal their wallets. 
In the near future maybe bitcoin can be hacked with a highly sophisticated quantum computer. By the time this happens, the Bitcoin technology and security will greatly improve. So I personally believe blockchain technology will grow along with computer technology.
its all was hacked years ago, wake up https://lbc.cryptoguru.org/about
I don't know if it could be hack but base on my research it could possibly hack. By a human who is desperate to earn more money.
I think, anything about social media is hackable but it is hard to hack it. People say it is not. But if there is not, there is always a chance of yes. There is a chance that it can be hacked though a little percent of chance.
every cryptocurrency is hackable. you can open every single key and trace every untraceable tx. and the amount of time you will need for that - depends only on how big your computing power.
In the near future maybe bitcoin can be hacked with a highly sophisticated quantum computer. By the time this happens, the Bitcoin technology and security will greatly improve. So I personally believe blockchain technology will grow along with computer technology.
Bitcoin wallets can be hacked but the bitcoin network itself cannot be hacked not now but maybe sometime in the future, there could be a way to exploit the network and maybe steal some bitcoins.
honestly, bitcoin wallets arent getting hacked one bit (not real ones at least. there has been a long time since there was a major flaw in wallet code (this has happened before however, with the bockchain wallet and a few random app wallets).
typically if a wallet gets compromised, its due to a fault in user security. so the phrase "bitcoin cant be hacked" is pretty accurate in my opinion, despite the OPs argument. also, you have to be pretty damned dim to have heard of bitcoin being "unhackable", yet missed the news of all the exchange hacks that plagued the space for the last few years.
and you certainly arent going to be able to hack the protocol itself. its simply to expensive to attack, and too well reviewed to crack.
maybe people that dont understand this; should stay away from bitcoin. it may be a bit too hard LOL
Bitcoin wallets can be hacked using social engineering for which there is no other protection than common sense
Bitcoin wallets can be hacked and especially when users are not involved much in technology. If they take the time to read first before investing in bitcoin which wallets are the most secure I am pretty sure we would not see "hacking" of their bitcoins. Bitcoin network is safe from several years but the wallets aren't, especially online ones or desktop wallets installed in computers full of spyware,viruses and keyloggers.
To newbies I would recommend a hardware wallet if they are going to invest a big amount in bitcoin but more than that I would recommend to them to read thoroughly before investing. Knowledge is key nowadays.
To newbies I would recommend a hardware wallet if they are going to invest a big amount in bitcoin but more than that I would recommend to them to read thoroughly before investing. Knowledge is key nowadays.
Hello! I believe in power of human mind I believe that if human brain see some borders then he will try find ways to broke any borders and will hack any system and it is "good" because allow make some progress!
Bitcoin wallets can be hacked but the bitcoin network itself cannot be hacked not now but maybe sometime in the future, there could be a way to exploit the network and maybe steal some bitcoins.
The bitcoin network is completely secured and cannot be hacked.
True, the things that can be hacked are our wallets. They are not secured if you'll do nothing to secure them, if you are storing on web wallets then enabling 2FA is the best thing that you can do. And by keeping your private keys safe is also a good one.Nothing is impossible,the uniqueness about bitcoin has make it impossible for hackers to penetrate over the few years,that whts make it a major coin
Yes nothing is impossible as the network of bitcoin can't be hacked but attackers are doing something to make it slow.
The bitcoin network is completely secured and cannot be hacked.
Nothing is impossible,the uniqueness about bitcoin has make it impossible for hackers to penetrate over the few years,that whts make it a major coin
Bitcoins are held in wallets and traded through digital currency exchanges like Coinbase. There are various security risks inherent in each of these two components. Developers are always improving wallet security, but there are also those looking to access other peoples' wallets illegally to swipe their tokens and coins. In the transaction process. two-factor identification is commonly used as a security measure. Of course, having the security of a transaction linked to an email address or a cell phone number means that anyone with access to those components can authenticate transactions. If a hacker is able to determine some of your non-cryptocurrency-related personal information, he or she may be able to infiltrate your transactions in that space regardless.
Read more: Can Bitcoin Be Hacked? | Investopedia https://www.investopedia.com/articles/investing/032615/can-bitcoin-be-hacked.asp#ixzz527OVslzn
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Read more: Can Bitcoin Be Hacked? | Investopedia https://www.investopedia.com/articles/investing/032615/can-bitcoin-be-hacked.asp#ixzz527OVslzn
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The blockchain ledger cannot be hacked but an individuals wallet can be hacked due to carelessness. Make sure you protect your wallet so that it will not look as if blockchain is not secured.
carelessness is the only reason that leads your wallet hacked.
it will be to detected stupid people
The design system of bitcoin is highly secured that no one could do easily such hacking or to interact virus. The system was secured by the blockchain which is a public ledger that records millions of transactions throughout the world. Before this system was introduced to us, its already anticipated that there might some people or computer wizards to do such bad intentions like hacking as long as the system fails. Hopefully the system will continue to serve us for the long period of time because many people relying on this kind of job.
A quantum computer can crack ethereum and bitcoin in 1 hour. So now there are many forks that are more protected
I wonder when did you get that information because according to what I have read even a quantum computer would take years to cracked the blockchain.
According to MIT Technology Review, Bitcoin doesn’t have any plans to revise its current security protocols just yet, but with usable quantum computers still a decade or two away, cryptocurrency platforms have time to reconsider their encryption methods.
“It’s easy to romanticize quantum computing. And while the technology is closer than you think, it’s not magic,” said Hurley. “It will not be the end of encryption, as many propose.”
Source : https://futurism.com/bitcoins-security-quantum-computers/
So much for quantum computers and still even if we can go that far and we are surely heading that way, there are some improvements like quantum cryptography, and the cryptographic technology is on its continuous development too. So rest easy.
Yes bitcoin can be hack. allot of users here complain about getting hacked.
What I would say is get an trusted online wallet with good security to save your bitcoin for future purposes.
and you will be fine.
What I would say is get an trusted online wallet with good security to save your bitcoin for future purposes.
and you will be fine.
WE have heard enough of this which I don't really experienced for two years. Maybe we are being hacked because of our own carelessness and lack of knowledge in computer security but no one in this generation can (NOW) can hacked the BTC blockchain because it is impossible for now so lets forget that hacking thing and lets just learn how to work safely online and offline cause wallets are just like the real world wallets that can be stolen if we are not careful enough.
By the way this is a pretty good read too: https://news.bitcoin.com/is-bitcoin-at-risk-as-google-and-ibm-aim-for-50-qubit-quantum-computers/
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