Topic: Could bitcoin be hacked? - page 2. (Read 2155 times)

Hi Man, check this topic  "is it possible to hack your bitcoin from your wallet?"

https://bitcointalksearch.org/topic/is-it-possible-to-hack-your-bitcoin-from-your-wallet-1424490

More people try to be smart by getting others hard earned bitcoins. It is difficult to hack the wallets or transaction network but there are people who hack official networks and demand bitcoin to continue the operations with the network.

Alot of scummy people have been trying to break it for a long time. Nothing much has happened. And if you did wanna harm it then all you have to do is a ton of spam transactions or crater it on an exchange. Easier and quicker.

That's right but what if someone wants to undermine Bitcoin or drive the price down to the ground? Theoretically a government or a bank consortium could do that of they wish to get rid of Bitcoin if the crypto coin has become too powerful and widespread. I think this is a real threat to the Bitcoin community because this is a weak link which can be broken by someone with the means to do it. The question is not who will profit by mining Bitcoin but who will profit by destroying it completely. I think Bitcoin is a global financial experiment and the people with power are letting it run for now but what if they decide to pull the plug at one point?

Yeah people are getting afraid thinking that bitcoin can be hacked more easily then any other way. Remember if you protect your coins the same way you protect your money,
hackers won't stand a chance.

No, it is false no one can hack your coins from your wallet unless they get access to your bitcoin wallet, as only those who open the wallet can be able to send the coins from there. when you have secured your wallet then don't worry no one will be able to use your coins, you are safe.

If you run a wallet (whatever online or desktop or commandline or app) with no controll over your peers, then it is possible under some cirumstances even if your device is not compromised! (if your device is infected almost everything can be possible - almost - run a hardware wallet for your big money and small wallets for your fun, business or whatever).

Anyways, I would suggest to choose a wallet with controll over the peers and get yourself informations about the community of a peer.

If you do a sell and you are awaiting the bitcoins the peers will give you the confirmations.
People say its save to send your goods or whatever after 7 confirmations. Some are fine with even 3 or 5. And some are crazy 20+ waiters.

Anyways if 6 of 10 peers you are using are compromised it is possible to fake the informations for you. Remember, you dont have the blockchain on your device with most of the wallets.
Even if you have an own blockchain and using the core, you will use a limited number of peers (or you have to configure some more!)

You are Happy. You received the bitcoin. Giving out your account, data, game whatever. (Haha, the idiot payed me even too much!)
And next morning your wallet is empty again - you now have the real blockchain informations  

You´ve got hacked  

There are even some other options, but then a wallet-server for online wallets has to be hacked first.

But you cannot hack the blockchain or the logical informations behind it.
Well, like you see - the next morning your wallet will be 100% correct again with 0 btc  

techically bitcoin cannot hacked by a program,i think bitcoin have solid code,and its make bitcoin very secure,but human mistake or error can be big problem for bitcoin.

Yes bitcoin can be hack, but it will cost the hacker so much fortune that it will convert the hacker into a believer...

Lol since when do democracies work with super majority? Even if someone owns 51% of the mining hash power it means nothing, to actually cause damage you would need way more than that, it's unrealistic and a non issue, at that point the attacker would be making more money by being a good actor to the network than an attacker, there's no incentive to deploy an insane mining attack whatsoever.