Topic: Bitcoin's strength is that nobody can crack it yet - page 10. (Read 1850 times)
Bitcoin comes in a system supported by the blockchain which means that bitcoin is none more than a lock of which everybody has a piece of the key, which is why it is the 6th largest currency in the world bitcoin wallets and its blockchain network are immune to any attacks and are safe, the prerequisites of any acceptable cryptocurrency.
I think the bitcoins strength is the services that they provide in their investors because many people are satisfied and recommend that bitcoin is a great investment for their funding great future.
Bitcoin strength is because of their investors, who still taking interest in bitcoin, which is making bitcoin more stronger and stronger. i think that as time pass and as more and more investors will continue investing their money, bitcoin will also continue stronger from time time. Bitcoin has the ability to attract investors toward itself, because it as already given a very good profit to people.
The strength of bitcoin lies in the hands of its investor and stake holders. If these set of people hold to bitcoin strongly then there is assurance for its survival
This is very true because the transaction record and information of financial assets are spread between all of the users in the network, even at such a large scale bitcoin is uncrackable because no user has complete control over the network, therefore, it cannot be corrupted with.
Lol yes, ever since no one ever hacked it before even blockchain
The thing is that group of developers started it first then they made it a free to upgrade coin meaning other developers can also upgrade the current security of bitcoin
But some people are not informed enough that is why they are the ones who are fed on the hackers and abusers.
The thing is that group of developers started it first then they made it a free to upgrade coin meaning other developers can also upgrade the current security of bitcoin
But some people are not informed enough that is why they are the ones who are fed on the hackers and abusers.
I think the bitcoins strength is the services that they provide in their investors because many people are satisfied and recommend that bitcoin is a great investment for their funding great future.
If it was outlawed in one country it wouldn't make any difference, as you could travel to a different country and withdraw it there. Just means you will never be able to use it in your local coffee shop
Bitcoin is the best cryptocurrency, no two ways about that,the best things to happen to the world of Crypto depends greatly on bitcoin. Nobody can cause bitcoin by any harm either hacking or regulation.
Currently yes. BTC still cannot be broken down. Perhaps in due time there are altcoins that can replace BTC’s throne. Many altcoins already are in that position, capable of replacing BTC.
As the saying goes ‘Change is the only constant in this world.’
As the saying goes ‘Change is the only constant in this world.’
No one can hack bitcoin. However, many people are simply not educated enough and do not understand the risks with their secret keys. It may be power, but do not be so sure that governments can not take off the bitcoin. Remember that governments should not prohibit bitcoin to stop it. All they need to do is distribute official rumors on the Internet, and why not on TV, which is going to force many people to stop using bitkoyn and sell everything they have for a small price. The only weak point of bitcoin is the user. Bitcoin is designed to be unbreakable. We've heard a lot about burglaries and, about bitcoin theft, but they do not use Bitcoin errors, but exploit users and their infrastructures.
And it will remain so for a long time.
No government, no parties can effectively ban it and put their hand on it. They would have to ban internet first. Not likely.
That would be the end of free world we know.
No government, no parties can effectively ban it and put their hand on it. They would have to ban internet first. Not likely.
That would be the end of free world we know.
You are right and I agree with you. Bitcoin is a digital currency that must use the internet network to use it. And this is very strong, nothing can stop this. My belief that bitcoin will persist.
Bitcoin's power is due to it's exclusivity. There are a lot of weak sides of bitcoin, but the main advantage could be never beaten by anybody — this crypot is first widespreaded limited coin. That's the main.
And it will remain so for a long time.
No government, no parties can effectively ban it and put their hand on it. They would have to ban internet first. Not likely.
That would be the end of free world we know.
I agree with you. For these reasons, the government is forbidding people to invest and use bitcoin. But for a while, I believe the government will give up ban bitcoinNo government, no parties can effectively ban it and put their hand on it. They would have to ban internet first. Not likely.
That would be the end of free world we know.
This is not the only strength of Bitcoin.
Bitcoin has many many other strengths!
read the book about Bitcoin and you understand a lot of things!
Bitcoin has many many other strengths!
read the book about Bitcoin and you understand a lot of things!
Thats why its called a decentralized currency cause no governments or organization can take control over it or try to shut it down by banning or making it illegal. If they could have than they would have already done that by now, but this is a match they cant win and they know it very well. Thats why they will be forced to bring laws and regulations for Bitcoin.
Governments can easily regulate the liquidation of btc.
But this will put a hamper on things, not outright destroy it.
But I don't see why any government would want to ban or prohibit btc.
It is incredibly valuable and has obvious real world applications that are profitable.
No country would ever walk away from that.
Instead, they would find ways to make the most profit off of it.
As far as banks being scared of it because it is a "bank killer", I don't believe that.
More than anything, banks will find a way to utilize the technology to make profit off of it (ahem...rippple...).
When investing in new tech and speculative markets, it is alwasy better to not think in extremes.
But this will put a hamper on things, not outright destroy it.
But I don't see why any government would want to ban or prohibit btc.
It is incredibly valuable and has obvious real world applications that are profitable.
No country would ever walk away from that.
Instead, they would find ways to make the most profit off of it.
As far as banks being scared of it because it is a "bank killer", I don't believe that.
More than anything, banks will find a way to utilize the technology to make profit off of it (ahem...rippple...).
When investing in new tech and speculative markets, it is alwasy better to not think in extremes.
As we all know, bitcoin's strength is being abused and wrongly used by a lot of hackers and traffickers, making the cryptocurrency a mode of payment for their illegal transactions. I do not think that in near future any other currency or even any government can crack bitcoin, bitcoin will continue to increase its strength for a long long time. I don’t think this is the biggest advantage because of lack of authentic governing body the illegal use of bitcoin has been increasing day by day and for stopping this bitcoin needs to be legalised world wide.
Bitcoin cannot be cracked because it is impossible to take the information from blockchain technology,but wallets can be cracked depends on the users how they handle it and manu exchanges had been hackednso we have to keep our bitcoins safely.
As we all know, bitcoin's strength is being abused and wrongly used by a lot of hackers and traffickers, making the cryptocurrency a mode of payment for their illegal transactions. I do not think that in near future any other currency or even any government can crack bitcoin, bitcoin will continue to increase its strength for a long long time. I don’t think this is the biggest advantage because of lack of authentic governing body the illegal use of bitcoin has been increasing day by day and for stopping this bitcoin needs to be legalised world wide.
And it will remain so for a long time.
No government, no parties can effectively ban it and put their hand on it. They would have to ban internet first. Not likely.
That would be the end of free world we know.
Of course, they cannot crack Bitcoin, today or in the near future. Coins like TAU, BTC, ETH are way successful at the moment, and the users are addicted to using them. They can cause severe damage to it, but banning is not possible.No government, no parties can effectively ban it and put their hand on it. They would have to ban internet first. Not likely.
That would be the end of free world we know.
Strength of bitcoin in the great prospects of technology and different ways of development.
The greatest advantages in Bitcoin make it incredibly well such as no third-party seizure, no taxes, no tracking, no transaction costs, no risk of charge backs and most of all Bitcoin cannot be stolen.
And with this I think nobody can crack it.
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