Bitcoin can be hacked? - page 29. | Bitcointalksearch.org

devcracker

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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

According to me, it's very difficult to hack bitcoin because I've never heard news about bitcoin hacking since it came into existence. Bitcoin team is concerned about it's security very much. It's security algorithm is so strong and BTC team would have developed security scheme in order to keep it's users safe from any cyber crime.

nexus2k14

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Quantum computers could possibly hack Bitcoin Network by the year 2027/2028. Until this time Bitcoin can fork into quantum resistance cryptography standard, and there is one proposal already now called qBitcoin. Another idea is to migrate from Bitcoin protocol to a post-quantum signature scheme. So we don't need to worry, there will be the solution for that before that time.
A mystery is why Bitcoin uses secp256k1 instead secp256r1 that is used in many other applications.
qBitcoin https://spectrum.ieee.org/tech-talk/computing/networks/qbitcoin-making-bitcoin-quantumcomputer-proof

aardvark15

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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

Bitcoin has been around for about 9 years so I think it has been vetted enough that we can feel pretty confident that there is no problem with the code. We are probably also beyond the risk of a 51% attack where someone can control Bitcoin if they have more that half of the coins.

The biggest risks are government regulations, exchanges getting hacked, or a crash in the price. All those things can happen at some point in the future.

Zackgeno96

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Its very hard to hack the bitcoin network and it would require a super computer power to do so. But it is possible to hack the wallets which holds the bitcoins, it is necessary for the wallet holders to implement all the required security measurements to protect the wallet.

MiningBattalion

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Quote from: MotulDiesel on November 28, 2017, 12:46:13 PM

I think hacker will face to difficulties when they try to hack bitcoin from someone. Bitcoin wallets has many ways to protect user like private key, 2 step securities,..etc.. So if you careful in protect your bitcoin, hacker won't able to hack your bitcoin. Many people using and saving bitcoin and i do not know any body has lost thier bitcoin by hacker so dont worry about that problem.

Bitcoin can be hacked but wallets do are the software using where you store your bitcoin but according to the blog that I have read states there that so all bitcoin transaction will never be interconnected will never each them ,so it's important to secure them emai as account.

MotulDiesel

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I think hacker will face to difficulties when they try to hack bitcoin from someone. Bitcoin wallets has many ways to protect user like private key, 2 step securities,..etc.. So if you careful in protect your bitcoin, hacker won't able to hack your bitcoin. Many people using and saving bitcoin and i do not know any body has lost thier bitcoin by hacker so dont worry about that problem.

tanjiran

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Quote from: iamsudzee on November 28, 2017, 05:49:12 AM

According to me hacking of bitcoin is almost impossible....and the amount the hacker wud spend to hack bitcoins wud be much more than the actual price of btc....
Bitcoin is one of the most secured cryptocurrency atm...so hacking not possible

It is true. let alone a decentralized bitcoin system with a p2p system is almost impossible to hack because the hacker must be able to break into all computers / gadgets around the world.
the most common case is a wallet hack so the wallet owner loses the digital coin in it. so, not from a system error in bitcoin, but the fault of the wallet owner.

Aura

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Wallets can be hacked by human errors, in Bitcoin you're the one that is responsible for the security of your funds, not a third-party like when you have a bank account. When you want to hold Bitcoins you need to make sure you create your wallet on a computer that isn't infected, you also have to verify that the client is safe and authentic. The level of security your wallet has is linked to the time you have to spent on setting it up, for example setting up a wallet on blockchain.info is much less time-consuming than an Armory wallet that you want to use offline. But Bitcoin is quite immune for most attacks, the only possible danger that could really hurt the whole ledger is if the SHA-256 algorithm would become broken. However I think it will not come that far as Bitcoin can upgrade it's algorithm when it is needed. Then you have the 51% hash power attack but this won't hurt the whole network, just the people that the attacker deals with. In this case the attacker would be able to reverse transactions he did. But the chances of someone getting such an insane amount of hashpower is really low.

bajigur894784

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I think, there is the possibility of bitcoin can be hacked, because each transaction data will be calculated with a special algorithm and mathematics follow the previous transaction data. So all Bitcoin transactions, will never be interconnected with each other.
but,my knowledge that bitcoin can be hacked due to a minimal email account security.
because I think all accounts and wallet are related to email.
so it's important to secure your email account.

Creepings

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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

There is a huge possibility that bitcoin can be hacked but that depends on how you take care your bitcoin wallet.

Hackers are very tricky in hacking, they can do a lot of things that will give them a way to access your internet or your PC and get some important things, files, passwords or documents that can be sold or valuable to the owner. And I think bitcoin wallet is really hard to hack unless you are not taking care of your wallet and not hiding your private key properly.

talkbitcoin

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All I know is that I know nothing.

the level of cryptography used in bitcoin is good enough that will make it unhackable for many years. things such as Eliptic Curve cryptography that it is using and also hashing the private keys using SHA256 gives it the security that it needs.

can these be broken? yes but that doesn't mean it will happen. these are not simple stuff created yesterday. it has been years and they are being used elsewhere too.

iamsudzee

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According to me hacking of bitcoin is almost impossible....and the amount the hacker wud spend to hack bitcoins wud be much more than the actual price of btc....
Bitcoin is one of the most secured cryptocurrency atm...so hacking not possible

Bambinoe

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It is nearly impossible to do such. But with huge amount of time and resources, security could be breached.

Joylee

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It's very hard to hack bitcoin as it is very secured currency on internet right now.

bitterguy28

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“FRX: Ferocious Alpha”

ofcourse yes so be carefull of your privatekeys to avoid hack your bitcoin you to take care your wallet account and do not put your all bitcoin in one wallet i suggest use multiful wallet to secured your bitcoin.

mintomia199

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in my opinion bitcoin security policy is much more better than any other alt coins.so in it is very hard to break the system of bitcoin .so dont worry about bitcoin and it is safe and securéd.

Best Dreams

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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

I don’t think so bitcoin can be hacked by someone because bitcoin know very well about all his fork and it’s also fact that bitcoin is now use to with these kind of things in past history of bitcoin it faced a lot of challenges and bitcoin know very well how to fight with them o no need to worry about any think bitcoin is now very stable in market and it now how to handle the situation so we need to focus on our trade and business here.

wahyu5

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in my opinion, every possibility could be but by looking at the security level of bitcoin for me it's hard bitcoin to hack, this is where it is necessary for us to be careful and keep our bitcoin account well and correctly, I think like that

Rashid555

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Bitcoin can be hacked it is important to know but according to my knowledge these digital money can be hacked through expert of hacking because if we say that they hacked the big banks it is also possible for them to hack the digital money like bitcoin and other currencies which is using online. The good way to secure your money use privacy of yourself use your personal computer and internet connection for accessing your online accounts from this way you will secure yourself.

DARKANGEL6415

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Well if you look around you will find plenty of articles talking about people who want to hack bitcoin. Obviously people are also employing different tactics like using fishing attacks or other methods to deceive people to download bad programs. So always remember to follow proper safety procedures and dont download stuff or suspicious " updates " and maybe that will reduce the risks.

Topic: Bitcoin can be hacked? - page 29. (Read 2755 times)