Bitcoin's strength is that nobody can crack it yet - page 3.

PlusOne88

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Quote from: tuskacz on February 17, 2018, 12:47:28 PM

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.

Internet with all its usefulness or utility will never be banned. And so if cryptocurrency will be as useful as the internet it will continue being relevant and useful to people. No government would want to end such a useful technology. But should bitcoin be hacked then that might affect its use or perhaps ends its existence.

Jcabudx

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That is one of the best strength of bitcoin eversince it was launch or started on the market. And also that is why government can't control it even they want to.

Flor1982

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Quote from: tuskacz on February 17, 2018, 12:47:28 PM

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.

Everybody believed that no one can stop Bitcoin as what you have said but that was the price is sky rocketing before at almost $20,000 but now that the price is down to 80% then i don't believe if those everybody are still cheering the chant but most like are in doubt now if Bitcoin is going to die as if you will read most of the posts, comments and opinion.

donadoni212

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Quote from: Ultimist on December 06, 2018, 07:38:12 PM

Yes, this is a very positive side of cryptocurrencies. The state cannot control it, cannot ban it. Therefore, soon each state will be legalized crypto, they will not be able to ignore it for a long time.

good opinion, technology does continue to grow for the better, for example, BITCOIN is here to bring such great and beneficial changes to everyone who can manage properly. Seeing the growth in the price of bitcoin which can go up and down I can conclude that now is a good time to invest because the price of bitcoin has decreased.

coinsycrip09

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Quote from: Ultimist on December 06, 2018, 07:38:12 PM

Yes, this is a very positive side of cryptocurrencies. The state cannot control it, cannot ban it. Therefore, soon each state will be legalized crypto, they will not be able to ignore it for a long time.

i think like that too,
but it will be very difficult for some countries to legalize it. each country has its own standards for viewing and assessing crypto. i don't think that in the future all countries will accept cyrptocurrency well, some countries think of the risks involved in crypto.

Ultimist

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Yes, this is a very positive side of cryptocurrencies. The state cannot control it, cannot ban it. Therefore, soon each state will be legalized crypto, they will not be able to ignore it for a long time.

loragean03

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Quote from: toast on December 06, 2018, 12:57:24 AM

I think that progress and development and the strength of the crypto currency depends on the investor's own conviction and patience is the main capital in investment if all investors have certain beliefs crypto currencies will be more developed

I agree with you, well in fact Bitcoin has been a king for almost a decade now. it has so many potentials. It is indeed a strong coin for the users and investors of it. there is no doubt that the King is not ready to retire yet, I'm still hoping for the increase of its value in the next year to come.

Jackolantern

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Btc is a very powerful coin and it will prove everyone that it is such. To my mind, it is better to use btc now because the price is favorable. To my mind, it is better to use it for the long-term investment

andohyeb

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Bitcoins with its blockchain applications has strong crytpographic system which makes it impossible for it to be hacked ,cracked or taken as ransom by any group of hackers.

rtm125

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I think the security of bitcoin and the fact that it is impossible to crack it is one of the key authors of its success. Almost all financial systems in the world are vulnerable, including banks. And bitcoin can simply turn the world around with its level of security and reliability.

trauchot

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I would not say that, now the governments have agreed that they should start controlling cryptocurrency because they have given too much time for various groups, people and companies to transfer their dirty money through bitcoin and other cryptocurrency, so soon all the bitcoin technologies and cryptocurrency will be turned inside out and will be fully explored so that bitcoin and cryptocurrency will be under the laws of governments.

toast

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I think that progress and development and the strength of the crypto currency depends on the investor's own conviction and patience is the main capital in investment if all investors have certain beliefs crypto currencies will be more developed

iMark

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Quote from: saumang2m on October 31, 2018, 01:07:52 PM

I agree with you. That's the biggest strength that Bitcoin is that he has not yet cracked. And that's why it's not hacked. Because there are many such companies. Which is constantly developing new technologies to keep Bitcoin safe.

can anyone explain, if bitcoin doesn't have a centralized sysmtem or can be said decentralized. then what is will someone crack? if a site could be hacked or crack because they have a centralized server and system, what about bitcoin? I'm a little confused about this?

Kurevazeyo

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Quote from: bigbosma on October 31, 2018, 02:21:01 PM

That is why bitcoin is so successful, it's all about its unique secure technology. And if you keep your coins properly, no one can steal them. And as for the influence of the government - here bitcoin also proved to be excellent, because as you have noticed, in order to do away with bitcoin, you will have to destroy the Internet.

I disagree with you, because the theft of bitcoin by hackers has proven that the bitcoin exchange defense system has been able to be hacked and the existing bitcoin has been stolen. An example is Coincheck in Japan which was broken into hackers and US $ 530 million was stolen.

haidil

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Quote from: GoldenBell on November 01, 2018, 10:53:17 AM

Bitcoin is strong enough that no organization can fully control it, including the government, but it also has measures to limit the outbreak of bitcoin, such as regulations and barriers

of course because of the decentralized nature of bitcoin that no one or the government wants to manage, unless it has to ban the internet

MbakNarti

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Indeed, it has been proven that actually bitcoin has a big power that is difficult to solve, but also we must realize that bitcoin will remain strong if it is supported by the government and society. Without the support of the government and the bitcoin community it will be easy to solve, because if no one wants to buy or own bitcoin and if all governments strictly forbid the use of bitcoin, then bitcoin will automatically be solved and lost from the crypto market. My hope is that bitcoin will always be the best and the price of bitcoin will always go up, so that the presence of bitcoin can provide benefits to every user and be able to provide a better life.

GoldenBell

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Bitcoin is strong enough that no organization can fully control it, including the government, but it also has measures to limit the outbreak of bitcoin, such as regulations and barriers

millgates

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Quote from: tuskacz on February 17, 2018, 12:47:28 PM

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.

Bitcoin technically is hard to shut down, since all data has been distributes to each computer which has bitcoin wallet installed in it no one can delete that data except delete the entire data in each computer. But bitcoin is economic game which means that someone or group who have huge amount of money can easily influence bitcoin price then create the unstable price of bitcoin while those people still cam get advantage from panic selling by new bitcoin holders (newbies). Bitcoin is very weak in term of liquidity right now.

gorkem

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Quote from: 378budiman on November 01, 2018, 10:02:15 AM

And this will continue for a very long time.
Without the government, there will be no party who can ban it effectively and thoroughly. They must ban the internet first. and that is impossible.

It depends on where you live. If there is a need, then the government can turn off the entire Internet without any problems.Bitcoin is still safe and may not be worried about hacking until powerful quantum computers are developed. Here they can subject Bitcoin to hacking.Regarding the extraction of Bitcoin, then of course no one will be able to stop it completely at one time. Yes, and so far there is no point in doing it.

gamechangers

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bitcoin strength is uncrackable, therefore, no govenment or people can stop it. I hope that very soon bitcoin will become adopted everywhere. and as a result of the population it will become difficult to stop.

Topic: Bitcoin's strength is that nobody can crack it yet - page 3. (Read 1850 times)