Topic: Bitcoin's strength is that nobody can crack it yet - page 6. (Read 1850 times)
The Government, organization or individuals can not stop bitcoin and blockchain at large instead they are joining us. There was a time we heard that facebook will block cryptocurrency ADs but now facebook is about to launch it own token. Don't worry bitcoin is taking over.
I believe and agree that the power of bitcoin is so strong that even nobody can break it, even governments can not easily ask what they want from bitcoin, which is why they are so angry about bitcoin, even if they do not accept it there are still many people from the country they are taking bitcoin on the internet. But in theory, quantum computers can crack the BTC algorithm. In fact, the actual trading method of the BTC may be broken!
Bitcoin can not die if the community is still in use, Prohibition by the government and organizations can only slow down the development process, can not kill peer transactions
All that is made by man can also be broken by man.
They don't need to ban it directly to outlaw it. What if fiat money made off of selling cryptocurrencies were declared illegal? Even if you had billions of bitcoins, they would be worthless because you wouldn't be able to cash out legally.
maybe in my opinion the power of bitcoin lies in its own investors not to anyone if indeed bitcoin has become legal and official in a country and government may be bitcoin has the power that will protect bitcoin itself
I am fully agreed with your opinion that this technology is going widespread acceptance because of its safety feature and no one can infiltrate in its data and it cannot be cracked.
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.
Honestly, i think the power of bitcoin is located on the fact that it doesn't needany validation nor nobody can give a pressure to it. And i think its a great because from bitcoin we can achieve and experiencing a system that totally effective and free without the third parties. 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 most common disadvantage of Bitcoin is its user error. I think cryptography is like a business because we are involved in a number of digital currency transactions around the world so we still need to pay for the government even if we can not say anything. In cryptography, especially how to predict bitcoin motion.
Bans of cryptos is just stupid, governments are shooting themselves in leg by doing that.
But the phrase " crack it " in this context would not be appropriate because it suggest that blockchain as cryptographic chain could be cracked and this could be done only with quantum computing.
But the phrase " crack it " in this context would not be appropriate because it suggest that blockchain as cryptographic chain could be cracked and this could be done only with quantum computing.
Bitcoin will getting stronger as long as more people are engage on it . Government may still hate it but we cannot deny the fact that it is hard for them to defeat bitcoin. Maybe they do something just to stop it. Because of the evolution of technology bitcoin is recognize by many even there are many negative issues still it adopt by those who truly believe on it.
No country can fully control it, and it can recognize the free exchange of different currencies through Bitcoin. I do not think it's impossible to crack the bitcoin code. Bitcoin is as powerful as technology but it has grown so large that at this time, Bitcoin is the only thing that can destroy itself.
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.
These people don't have to prohibit this straight to outlaw this. Let's say fiat cash created from promoting cryptocurrencies had been announced unlawful? Even though you experienced vast amounts of bitcoins, they'd end up being useless since you would not have the ability to money away lawfully.
I think this is the main principle protection of bitcoin, on which its steadfastness rests
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.
but for now as a country that has not legalized the bitcoin currency, we still need government currency to convert the crypto currency to local currency in order to make transactions
When quantum computing becomes widely available governments will try their best to crack it but sadly for them it still won't break. Only phishing and other methods will get them into those wallets
Yes, that's the biggest advantage of Bitcoin, which can keep it out of the control of any country or organization in the world. More decentralization and non-inflation are the basis for Bitcoin becoming stronger and stronger.
Yes because in cryptocurrencies bitcoin was the king and for me no one can beat by other coin or token,but in future i`m sure that there is some coin that can be near directly in bitcoin price but for sure too it takes more year to happen it.
In theory, quantum computers can crack the BTC algorithm.
But quantum computers take a lot of time to crack, and quantum computers are very rare, and most people can't use quantum computers!
In fact, the BTC real trade method is cracked!
But quantum computers take a lot of time to crack, and quantum computers are very rare, and most people can't use quantum computers!
In fact, the BTC real trade method is cracked!
The only thing that's a little risky would be a 51% attack, not many could do that besides Bitmain but I don't think they'll be pissing in their own pot, so to say.
I believe and agree that the strenght of bitcoin is so strong that nobody could even break it ,even the countries government can not easily demand what they want from bitcoin, that is why they are furious about bitcoin, even if they do not accept it, there still many people from their country are joining bitcoin in the internet.
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