Topic: Bitcoin can be hacked - page 6. (Read 1777 times)
It is depend on you if you use online wallet it will be hack but if your close friend know about your account details than it is very possible to hack your account.
If bitcoin can be hacked, what do robbers are waiting for?
Banks were robbed and some precautions were taken by banks+governments to encourage people to continue to use banks. As bitcoin has never been hacked and there is no owner of bitcoin to compensate a possible robbing, there is no precaution as of now. Because it's not needed.
WRONG!
Even in this thread there is a person who was robbed of 1000$. It happens every day.
All in all it's just a matter of point of view, but at least we agree on the bolded sentence
That we do.
However, I firmly believe that it the choice is between leaving security to the bank - and that the bank is responsible for the loss if they are robbed - are much much safer than people individually having to handle that security.
based on the assumption of: everything can be hacked, it does not exist a perfect system (if you are an IT expert you already know that), the only perfect system is a server not connected to the network without any input system connected and closed in a bunker, but also in this case there is the possibility to have your data destroyed, hence lost/stolen.
Stating that "there's everything to hack" without any explanation for me it's just a poor bait and i think you're trolling just for the sake of it.
Even the highest encryption protocol, the most complex and secure can be hacked but it would take time, so now, how long would it take to hack it? how long before the owner can take appropriate countermeasures? Does it worth the time/technology/you name it spent for the hack?
It's a good discussion field, but you are dragging down the discussion to the dumbest level possible, don't take the bait..
Stating that "there's everything to hack" without any explanation for me it's just a poor bait and i think you're trolling just for the sake of it.
Even the highest encryption protocol, the most complex and secure can be hacked but it would take time, so now, how long would it take to hack it? how long before the owner can take appropriate countermeasures? Does it worth the time/technology/you name it spent for the hack?
It's a good discussion field, but you are dragging down the discussion to the dumbest level possible, don't take the bait..
You clearly did not understand the point.
At the end of the day, it is about who takes the risk in terms of security. If you place your money in the bank, the bank is responsible for the security and if the bank is robbed you still get your money. With Bitcoin you need to be able to create bank-like security yourself, and if you fail all is lost.
If bitcoin can be hacked, what do robbers are waiting for?
Banks were robbed and some precautions were taken by banks+governments to encourage people to continue to use banks. As bitcoin has never been hacked and there is no owner of bitcoin to compensate a possible robbing, there is no precaution as of now. Because it's not needed.
The bigger risk is in banks. In case of an economics crisis all funds in banks can be frozen by governments. You are safer with bitcoin.
based on the assumption of: everything can be hacked, it does not exist a perfect system (if you are an IT expert you already know that), the only perfect system is a server not connected to the network without any input system connected and closed in a bunker, but also in this case there is the possibility to have your data destroyed, hence lost/stolen.
Stating that "there's everything to hack" without any explanation for me it's just a poor bait and i think you're trolling just for the sake of it.
Even the highest encryption protocol, the most complex and secure can be hacked but it would take time, so now, how long would it take to hack it? how long before the owner can take appropriate countermeasures? Does it worth the time/technology/you name it spent for the hack?
It's a good discussion field, but you are dragging down the discussion to the dumbest level possible, don't take the bait..
Stating that "there's everything to hack" without any explanation for me it's just a poor bait and i think you're trolling just for the sake of it.
Even the highest encryption protocol, the most complex and secure can be hacked but it would take time, so now, how long would it take to hack it? how long before the owner can take appropriate countermeasures? Does it worth the time/technology/you name it spent for the hack?
It's a good discussion field, but you are dragging down the discussion to the dumbest level possible, don't take the bait..
You clearly did not understand the point.
At the end of the day, it is about who takes the risk in terms of security. If you place your money in the bank, the bank is responsible for the security and if the bank is robbed you still get your money. With Bitcoin you need to be able to create bank-like security yourself, and if you fail all is lost.
you are the only responsible for the security of your coins there is no insurance for BTC (yet) so what's the point? I agree with you on your last point and in this world, or better in the IT world, it's up to you to keep your datas secured; put aside BTC and the market value, how do you secure your datas (which can be your sextape, your payroll, your family photos on the cloud or on your pc)? Same thing, if your account get hacked it's your fault (weak password, keylogger and so on).. in this crypto world you are the weak link.
All in all it's just a matter of point of view, but at least we agree on the bolded sentence
based on the assumption of: everything can be hacked, it does not exist a perfect system (if you are an IT expert you already know that), the only perfect system is a server not connected to the network without any input system connected and closed in a bunker, but also in this case there is the possibility to have your data destroyed, hence lost/stolen.
Stating that "there's everything to hack" without any explanation for me it's just a poor bait and i think you're trolling just for the sake of it.
Even the highest encryption protocol, the most complex and secure can be hacked but it would take time, so now, how long would it take to hack it? how long before the owner can take appropriate countermeasures? Does it worth the time/technology/you name it spent for the hack?
It's a good discussion field, but you are dragging down the discussion to the dumbest level possible, don't take the bait..
Stating that "there's everything to hack" without any explanation for me it's just a poor bait and i think you're trolling just for the sake of it.
Even the highest encryption protocol, the most complex and secure can be hacked but it would take time, so now, how long would it take to hack it? how long before the owner can take appropriate countermeasures? Does it worth the time/technology/you name it spent for the hack?
It's a good discussion field, but you are dragging down the discussion to the dumbest level possible, don't take the bait..
You clearly did not understand the point.
At the end of the day, it is about who takes the risk in terms of security. If you place your money in the bank, the bank is responsible for the security and if the bank is robbed you still get your money. With Bitcoin you need to be able to create bank-like security yourself, and if you fail all is lost.
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.
Yes you are right. And that is why we shouldn't believe every word that is written or spoken about.
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.
There is a big percent that hackers can hack your bitcoins if you dont use trusted wallet so if i you? Choose coin base this is the best and trusted wallet but my wallet is coin.ph this is the best wallet in our country here in philippines. 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.
based on the assumption of: everything can be hacked, it does not exist a perfect system (if you are an IT expert you already know that), the only perfect system is a server not connected to the network without any input system connected and closed in a bunker, but also in this case there is the possibility to have your data destroyed, hence lost/stolen.
Stating that "there's everything to hack" without any explanation for me it's just a poor bait and i think you're trolling just for the sake of it.
Even the highest encryption protocol, the most complex and secure can be hacked but it would take time, so now, how long would it take to hack it? how long before the owner can take appropriate countermeasures? Does it worth the time/technology/you name it spent for the hack?
It's a good discussion field, but you are dragging down the discussion to the dumbest level possible, don't take the bait..
Stating that "there's everything to hack" without any explanation for me it's just a poor bait and i think you're trolling just for the sake of it.
Even the highest encryption protocol, the most complex and secure can be hacked but it would take time, so now, how long would it take to hack it? how long before the owner can take appropriate countermeasures? Does it worth the time/technology/you name it spent for the hack?
It's a good discussion field, but you are dragging down the discussion to the dumbest level possible, don't take the bait..
Maybe it can be hack, but bitcoin wallet got a very tight security, and maybe now there is still no one or program that can break the wallet but in the future when the advance technology being created the possibility of cracking the wallet will increase, but with the increase of technology for sure the security will be upgraded
Probably, there is a substitution of concepts : The algorithm of bitcoin cannot be changed by someone, probably many perceive as the truth about what bitcoin can't be hacked
blockchain is just a set of blocks, there is nothing to "hack".
There is everything to hack
There are talks theat google and IBM's quantum processor can be used to hack the bitcoin blockchain. If it is even remotely possible, devs should be brainstorming to counteract this.
stop spreading FUD.
first of all the blockchain is just a set of blocks, there is nothing to "hack".
what you had in mind was the cryptography, the Eliptic Curve, and the Sha256 hashing that bitcoin uses. and just FYI these things are being used by half the security related stuff out there. if someone finds a way to hack them half the world will be neck deep in shit that bitcoin would be at the bottom of that list.
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.
no one can rob our house but Only you?your promoting this program of yours as if were talking only about candy here?your talking about bitcoin and do you think we will believe you as easy as that?you must prove yourself first.and it will took some time before you got the trust of majority.for now improve your program. 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.
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.
What you're talking about is the chances of third party sites which operate on Bitcoin being hacked and I agree it is highly possible as we've seen many cases in the past (Mt Gox, Inputs.io and the list goes on). With a secure hardware/paper wallet with properly backed up private keys, it is almost impossible to hack into someone's wallet as its not worth the effort and this is exactly why hackers go after wallets and exchanges instead.
If you consider the Bitcoin network, it is explained in the whitepaper itself as to how immune the network is from hacks. The only part where people can lose their coins is on third party sites.
There are talks theat google and IBM's quantum processor can be used to hack the bitcoin blockchain. If it is even remotely possible, devs should be brainstorming to counteract this.
Security is one of the major factor that is must with bitcoin as well other digital currencies. As it is found much more expensive than more of the other valuables, hackers truck to evade through different ways. I too encountered the hacking and lost around $1000 worth of btc from my trading account. It's our responsibility to keep it with the best security.
This is why Bitcoin is dangerous. If ou have the money in the bank, security is the bank's problem. If they get robbed, you still get your money. With Bitcoin suddenly you need to take care of that security and if there is a robbery you get nothing.
I don't think if you're really talking about bitcoin i think it can't be hacked bitcoin itself is a system that is every second it's encryption changes so hackers will have a really hard type decrypting that code, but wallet can be hacked and you can loss your bitcoin through some transactions if you're not careful, of course wallet also have safety precaution but if you really are not careful enough you can easily loss your bitcoin, like if you just open your wallet in any computer even in the public computer shop there's a chance that you can be hacked just always be careful to prevent this kind of things.
A quantum computer can crack ethereum and bitcoin in 1 hour. So now there are many forks that are more protected
ECC can be broken by a quantum computer. Not SHA256. So your assertion is partially false.
A quantum computer can break an address that you spent from, but not an address that you have not spent from.
If you are doing every transaction with care I think it is impossible to hacked your bitcoin easily because if you keep your privacy nobody will access you without permission and do one thing more do not open your wallet to different places over different computers. This will hack your information and later they hack all your detail and bank balance etc it is good to keep secure all your personal things like mobile and computer laptop etc.
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