Topic: Bitcoin's strength is that nobody can crack it yet - page 4. (Read 1850 times)
I think the power of Bitcoin is in people's faith in Blockchain and cryptocurrencies. People believe that Bitcoin can be useful. People believe that Blockchain is a revolutionary technology that can provide security and anonymity. Finally, people believe that cryptocurrencies are a new step in the evolution of money. If people did not believe it, the blockchain would remain a little-known technology, and Bitcoin itself would not cost even a cent. So I think the strength of bitcoin is that people believe in It.
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.
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.
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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.
Yes Bitcoin is yet to be crack and it won't be because that's one of the efforts and jobs which the cryptocurrency miners did i.e to secure the network and to make every transaction go through this is the reason why I don't blame the miners sometime when there's hike in tx fee.
It would be nice to continue on. There must be at least something reliable in the world - let it be Bitcoin, for many people this is the hope for the safety of their well-being.
The unique part of bitcoin is that it is decentralized and at that can not be control by any body or government in at that the only way to bring bitcoin down is to pit an end to the internet and that will not happen any time soon, santoshi has provided us wit a payment system that can not be influence by any body.
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.
Blockchain technology is very secure and blockchain technology can not be racked. There are a lot of hacks to be done but can not find the holes of Blockchain, but there are many limitations because Blockchain is not really complete. 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.
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 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.
probably given up on cracking bitcoin.
Unless government develops Quantum Computing Successfully, BTC will remain same. Quantum Computing in such Control Freak Governments will kill people's privacy, I am afraid.
I think nobody's can stop bitcoin for any reason, because it was already trusted by so many experts that it will give good benefits in terms of financial assistance, when it is succeesfully manipulated. If we have the enough strength and capability to manage it then we might have a great chances of having a great gain from it, with our strong believe on it.
I agree with you. Once bitcoin becomes vulnerable to attack the whole cryptocurrencies will come crashing and the "did I not tell you" people will finally have the last laugh but I believe it won't happen.
The law's pretty strong. If the state wants, it will close both exchanges and withdrawal of money.
The impossibility hacking of Bitcoin is, first of all, the impossibility of falsification and falsification, this is the uniqueness of the technology and one of the reasons for attracting attention. But this is also its weak point, since if there is a breakthrough precedent, then bitcoin can completely depreciate.
Well, this is development, this is advancement, this is a system well built. One of the things the banking system can copy from bitcoin is this security well-built wall. This is one thing that encourages the use of bitcoin for payment. It has a really well defined layer(s) of security. I believe though, that hackers and cyber criminals are working day and night to break bitcoin's wall, but it should be made nearly impossible for them so that bitcoin can enjoy its original security kingship.
The power of bitcoin lies in the decentralized coin side (no third party intervention) so all bitcoin holders can manage it independently. Bitcoin also offers anonymous transactions, this can provide benefits from bitcoin holders who want to keep their data private.
Virtual currencies like Bitcoin, Litecoin, and ZenCash are built on "proof-of-work" algorithms that validate and create new blocks for Blockchain. This means that every computer in the blockchain network will act as a "book keeper" to ensure every transaction is transparent. This is a very secure system. To overcome it, you need to control more than half the network in the network or get the computing power to pass half of that node. It's hard to crack it 
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 trading is unstoppable. If I have an Internet connection and agree to pay the fee of the network, nothing can stop me from sending Bitcoin to anyone I want. That is, Bitcoin has anti-censorship capabilities. 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.
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.
Besides, there is one more thing government can not destroy Crypto because its capitalization is very strong. If the natural market breaks down, many investors will become poor and an economic crisis will occur and no government will want it. 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 also really believe bro. because from the first created bitcoin until now there is still no one who can stem the movement of bitcoin. let alone predict the movement of the bitcoin price chart.
Bitcoin is a crypto currency which currently has great power, with its high price and a good security system makes bitcoin more trusted by many people in the world. The power of bitcoin is so great that the ban on the use of bitcoin by certain countries will not be able to make bitcoin die, until now bitcoin is still a lot of pride to expect a better future, and bitcoin will not die, unless the internet network is no longer available in the world.
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