Bitcoin can be hacked? - page 27. | Bitcointalksearch.org

shata

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Quote from: warunacrypto on November 25, 2017, 10:48:51 PM

actually i want to know there is a possibility have to hack this supper e-money, because somebody hack it will be a huge effect for the economy.
pls give your valuable opinion. Sad

No, Bitcoin cannot hacked. It's a great loss for a hacker spending a lots of money for a goal that is to hacked a The server of Bitcoin. Well, I also agree that No system is safe but in Bitcoin, there are a Lots of IT Specialist that is securing and always testing Bitcoin's vulnerabilities. They are always securing it and they maintain the peace in Bitcoin world. If many hackers united, and planning to attack Bitcoin's server, there's a possibility that it will be hacked or down its server but it will rise again and again.

sunita01

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Bitcoin can not be hacked, but some hackers try to steal. Bitcoin may be hacked, if your wallet is not safe. Your wallet must be double protected.

_noname_

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Quote from: Angelia46 on December 16, 2017, 11:19:38 PM

I've been curious about this question. What would happen if there was a bug in bitcoin, and if it was used by hackers, would it lead to the collapse of the cryptocurrency market?

i want to clear the mind of mate that more and more people are taking interest in bitcoin including big investors and traders and the reason behind it is that bitcoin is the safe area for investing now a days and no one want to take risk while investing money but bitcoin is the secure place that why big investor and other large number of people are investing in bitcoin. if it was possible to hacked bitcoin then hacker will hacked till.

mjnick01

full member

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Bitcoin can be hacked? many have already hacked bitcoin
the others have their own site where others have their own investment site
there are so many wealthy
you know you're rich
but it's a good idea for those who are struggling to earn a bitcoin after they've just hacked for instant money
they become so delusional they can play time or something

Angelia46

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The Experience Layer of the Decentralized Internet

I've been curious about this question. What would happen if there was a bug in bitcoin, and if it was used by hackers, would it lead to the collapse of the cryptocurrency market?

FRJ

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The Worlds Most Advanced Distributed Computer

I don't think that bitcoin can ever be hacked.Because, it would be a great loss to the hacker.The hacker has to spent a huge amount of money than he's gonna have by hacking some bitcoin.

But,actually, I haven't heard of any hacking case.But,I wanna suggest that that don't flash any of your personal details publicly.Make sure that your bitcoin wallet is totally secured.Then,there will be no chance of your bitcoin be hacked.

cpfreeplz

legendary

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If bitcoin is hacked (the protocol) then everything else in the world is fucked all at the same time so I wouldn't be too concerned. Just try not to get accidentally nuked or anything and the devs will hard for into a new algo.

oaz7t

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Bitcoins cant be hacked but we cant say anything
If it is on the network then it is vulnerable to attacks
Its next to impossible to hack bitcoins but the wallets can be

ActiveWizard77

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Quote from: Creepings on December 16, 2017, 10:13:06 PM

Quote from: seasonw on December 05, 2017, 03:03:44 AM

You have the source code of bitcoin, technically you can do anything on it, including hack that you mentioned. But if you wanted to hack, then you have to hack ALL nodes in the world, else you will be in the wrong blockchain.

That's what makes bitcoin hard to hack and if you really need to hack bitcoin, you need more than a power of a million of computer that is why some bitcoin holders fear the quantum computer in existence but I think bitcoin will be ready before it is released in 20 years right? It might be taking of years to be ready and I am seeing that too in bitcoin.

Can't believe that something that can threaten Bitcoin's security is in the works and will be released in a matter of time.

Creepings

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Quote from: seasonw on December 05, 2017, 03:03:44 AM

You have the source code of bitcoin, technically you can do anything on it, including hack that you mentioned. But if you wanted to hack, then you have to hack ALL nodes in the world, else you will be in the wrong blockchain.

That's what makes bitcoin hard to hack and if you really need to hack bitcoin, you need more than a power of a million of computer that is why some bitcoin holders fear the quantum computer in existence but I think bitcoin will be ready before it is released in 20 years right? It might be taking of years to be ready and I am seeing that too in bitcoin.

BossMacko

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Quote from: Coyoteerex09 on December 16, 2017, 09:58:44 PM

Truly. Bitcoin is very much secure. Unfortunately, online wallets are not and are more susceptible targets of hackers.

That is why i prefer to used offline wallet and i did make sure that the computer where i installed my offline wallet is very secured meaning i reformatted my desktop first, installed anti virus and installed the offline wallet plus i never used that desktop to download anything beside that wallet. For me this is the only way how i can secure my Bitcoin.

Coyoteerex09

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Truly. Bitcoin is very much secure. Unfortunately, online wallets are not and are more susceptible targets of hackers.

Heyyyrenz

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Bitcoins can't be hacked but the wallets do or the software you're using where you store your bitcoin, but according to the blog the I've read it states there that.

"There is one type of attack that could affect the bitcoin network: the 51 percent attack, which is widely considered to be bitcoin’s greatest inherent flaw. Because it is decentralized, bitcoin is vulnerable if any one player or cartel gains control of 51 percent of the computing power of all miners. This would allow them to stop transactions and reverse transactions, which would throw the network into chaos. In the past, at least one group has achieved control of 50 percent of the network. However, the more people using bitcoin, the safer it is — and more people are using bitcoin now than ever. It’s difficult to get an accurate count of how many users bitcoin has, but the estimates are in the millions."

You can read more about it here in:
https://theoutline.com/post/1618/how-hackable-is-bitcoin

and here's how to protect your bitcoin from hackers.
https://www.cnbc.com/2017/11/02/heres-how-to-protect-your-bitcoin-and-ethereum-from-hacking.html

oaz7t

full member

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Hacking bitcoins is very difficult but it is possible
As anything that is on the network is vulnerable
Bitcoin definitely has higher security but who knows!

aakriti

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Quote from: warunacrypto on November 25, 2017, 10:48:51 PM

actually i want to know there is a possibility have to hack this supper e-money, because somebody hack it will be a huge effect for the economy.
pls give your valuable opinion. Sad

As we know each type of currency need safe practices to handle it. If you didn't exercise safe practice your whole money may be lost. In the same manner Bitcoin can be hacked if you don't follow safety norms.

superjeyy

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Quote from: ?? on ??

Bitcoin never hack by hacker but your bitcoin wallet can be hacked if someone know your wallet privet key or wallet password then your bitcoin wallet will be hacked.

When I first read the thread topic I thought you meant wallet, which is why I would have to agree with Adrin; but then looking through the answers here in the thread it seems that you meant for the whole system that is storing Bitcoin to be hacked. I guess this is quite unachievable since people get smarter everyday making programs suitable for hacking but has not yet hacked Bitcoin or stolen some on the network. I guess Bitcoin is highly protected and it will take a lot of coding and some cracking until you can do so. For now I guess what's prone to hacking is your wallet if you don't protect it appropriately.

Fatemablabla

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I'm Matured Now

Yeah it is possible to hack.for you and i its not gonna happen but for the experts its easy but i guess it will be a long and time consuming process.

eagleman

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Blockchain network is secured as no one can interrupt or have some access to gain from the bitcoins that are being transacted there. It's impossible to hack bitcoin itself or make the network down that's the first issue that hackers can't put bitcoin down so they are just attacking it by spamming with transactions that cause a lot of troubles to us. It's the main reason why the confirmation sometimes is really turtling and made the fee quite expensive.

Gloria_16

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that would not hack into a good password - from complex phrases, uppercase and lowercase letters, numbers and symbols, do not tie the purse to the phone number, use google accessor and everything will be fine.

A Feeder

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It is possible to hack private keys but it will be very time consuming if it is done by trial and error. Another way for private keys to be hacked is the use of key logs.

Topic: Bitcoin can be hacked? - page 27. (Read 2755 times)