Topic: Bitcoin's strength is that nobody can crack it yet - page 12. (Read 1850 times)
Despite impossibility to crack bitcoin,the Government are pushing In other to fight and effect a ban on bitcoin the Government have term bitcoin as a fraudulent investment including other cryptocurrecy
agree with this opinion so now the government and impose restrictions because they can not control bitcoin
They will never tackle it. Since they likewise can not crush every one of the PCs on the planet in a moment since it can harm every single existing system. The main thing they can do is battle through denials and controls to propose their own answers Or they will attempt to modify and gradually accept it exists in different ways. In a few nations the state lawmakers don't care for the difference in a run of law since they will keep business as usual bravo as well, however in the event that there is a mass in the basic they won't have the capacity to stop, at that point they will endeavor to adjust rapidly to comprehend the circumstance and seeing where there is an open door for them.
The only one of weakest point of Bitcoin is the user. Bitcoin designed to be unbreakable. Not with the current technology of course.
We heard a lot of hacking and stolen Bitcoin, but they are not exploiting the Bitcoin bugs, but exploit the users and their infrastructures.
We heard a lot of hacking and stolen Bitcoin, but they are not exploiting the Bitcoin bugs, but exploit the users and their infrastructures.
It would take an international effort to 'crack' it. As they have to target exchanges and miners from all over the world. Also, currently, there is no incentive to "cracking" it. Governments are reluctant to ban as it could play a crucial role in the future. Killing it too soon could put them at a disadvantageous position.
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.
Losing the internet will cause a tremendous breakdown on the world of economy. Since we are already on the digital age, transactions are done online including banking transactions. Much of the business including hotel accommodation, stock market and almost everything uses the internet. If the internet will be banned that would cause a huge losses to almost all countries especially the first world countries.
Bitcoin holders will suffer also a huge impact and great losses if that happened.
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.
Bitcoin has already formed as a huge force in the crypto world of finance. Overcome such power is almost impossible. Even newer and more advanced technology can not do it. Ethereum is a clear example of this.
Bitcoin is strong as a technology but it has grown so big that at this point, Bitcoin is the only thing that could destroy itself. We don't have quantum computers at this point but whenever it will be there in the market, I am sure, we will be using it to enhance the network security and efficiency. There is no way to crack / brute force Bitcoin network to pull private keys.
Yes you're right and there's no way to crack it. Even if bans are placed, it's not like you can ban the internet and prevent everyone from using it. Government are chasing their tails with this.
Bitcoini bans are a very difficult situation, but they are easier to legislate by countries, but a few countries seem to prefer to ban Bitcoini as a game of cheating, but that is not the case, I think these countries will understand them for a short time.
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.
yeah thats right its too hard to crack or destroy bitcoin unless other countries ban bitcoin in their places so its so other people who lives in banned country cant use bitcoin anymore 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.
the weakest link in the whole cryptocurrency space is the normal user, your wallet and private key are not safe so if a whale get's hacked the whole market can be messed up.
Yes, it's all because of the blockchain technology, which is embedded in it. It's just impossible to hack it at this time, that's why it's popular in the world.
Yes and also the fact that people believe in it and invest in it so much. Bitcoin is a good investment which the only way you lose your coins is if you do not properly secure it. I know it's the best thing I've ever put my money on
I guess thats the best asset on bitcoin, no one yet are able to crack it or make duplicate on it, well for me its a good thing that no one is cracking bitcoin because if that thing happen then it will be the end of bitcoin, because keeping bitcoin in that era will just be a waste of time if someone can make alot of it by just hacking it or duplicating its amount.
Yes bitcoin is so strength and nobody can crack it coz the bitcoin have a strong security base on my research and the bitcoin can upgraded that program. its a good news for the bitcoin but im not sure if bitcoin can hack someone coz our peoples nowadays are learning alot of information so theres posibility that the bitcoin has been hack but i think those people who made stronger security can make a double security... 
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.
yes, I agree with you that no one can ban bitcoin or eliminate bitcoin in the country. so far no one can kill bitcoin permanently, until now bitcoin still exists and there are still many people who use bitcoin around the world. so far bitcoin can help people who are distressed or poor people who can not afford to buy their life needs, I think this is one of the reasons the government does not want to remove bitcoin permanently because they pity to see the people who can not afford.
It is up to people’s reaction to cryptocurrencies. If people keep using bitcoin and altcoins, they will be stronger. Governments have to accept them then.
right, and I think the government is not have need of banning bitcoin.they should apply a rule to bitcoin, such as tax withdrawal from bitcoin and it will help the state income.
Yes, I agree with you. The main strength of bitcoin is that it can not be hacked..... was. The threat of quantum computers is now for bitcoin.
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.
The factors you are implying is not going to happen,so do not worry about that,but are you telling that you are living in a free world,i really differ that,you and your activities are linked for ever,do you really doubt that,you internet provider or your smart phone will give your entire details if any government wants to snoop into your activities ,so the good old free world is gone,a long time back. 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.
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