Do you believe BTC can be attacked? | Bitcointalksearch.org

iv4n

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Quote from: no-ice-please on November 04, 2021, 08:06:24 AM

Quote from: deadmousehat on November 04, 2021, 07:45:24 AM

Bitcoin has been running for years and remains the top 1 cryptocurrency until now and I have never heard of bitcoin being attacked. We all know a lot of scammers out there, so maybe it could happen, but until now no one has succeeded in attacking bitcoin because it is too difficult.

Well Andreas Antonopoulos likes to put it differently and I personally believe he is most likely right. He says that we can be sure that Bitcoin gets attacked all the time. Maybe not so much anymore these days but the reason that we believe it hasn't been attacked is that Bitcoin hasn't been successfully attacked yet. In Blockchain you either crack or it or you don't, it is a binary thing. If someone breaks into your house it might be different as you may be able to see some evidence afterwards even though the attack wasn't successful.

Exactly, Bitcoin gets attacked all the time, probably not so much as before! It's crazy to think that hackers, big corporations, and even governments didn't try to do something with Bitcoin... with all their man and computer power, crazy big funds! And Bitcoin is still here and alive! Now probably there are some enthusiasts who are still trying to hack Blockchain, but it's very difficult for them to do that... Theoretically, anything is possible if you are imaginative, but I really doubt that something will happen to Bitcoin in the near future!

ninis45

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I don't think it's possible because bitcoin is different from others and this has been proven for 10 years since bitcoin's inception until now there is no hacking except individuals who are not careful to store it and lose their bitcoins

nicolerichardson

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So far, I never heard of an incident where bitcoin was attacked; maybe because of the excellent technology behind it. But we cannot say that it won’t ever be attacked. If the hackers get through the loopholes, they can attack it anytime. But I see very little possibility of anything such happening.

dortheamangum

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Bitcoin is based on blockchain technology, which is one of the most advanced and secured technologies now. The core design of blockchain comprises cryptographic technology, which is hard to hack. Therefore, I think that Bitcoins are safe from cyber attacks.

Ebede

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Quote from: Ekeleboy on September 20, 2021, 12:04:27 PM

I don't think so.
It's decentralized.
And the only means by which that can happen is even a higher impossibility.

yes of course bitcoin is a decentralized platform which we know openly about bitcoin, right now is everywhere that bitcoin is under attack since the creation, awareness, and people that is attacking bitcoin is people of government most especially some Presidents and their cabinet's, so even currently bitcoin is still on attack except it a condition were your country is not disturbing people using bitcoin.

Abiky

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Quote from: goldkingcoiner on November 08, 2021, 04:58:46 AM

Lol, thats a funny question. Bitcoin has withstood the test of time.

Since it's implementation, its been studied by everyone around the world. Academics, researchers, geniuses beyond geniuses have not been able to find a way to hack Bitcoin. Not even the government and the bankers can do much of anything. And they have tried, desperately.

So no, at this point, I very very very much doubt that Bitcoin or even the very concept of Blockchain will ever be able to be hacked. Maybe when we reach the age of true quantum computers, there may be a threat. But we already know of these threats and have implemented ways to counter them fully.

Exactly. Bitcoin has been battle-tested over the years, so it's nearly impossible to "hack" it in any way. There's a large number of miners (hashing power) backing the network, so it would require the hacker to spend a lot of money to perform a successful attack. It's simply not worth it. While Bitcoin itself cannot be hacked, software wallets can. The attacker can simply target people in order to steal Bitcoins from a private key. The person will be responsible of securing his/her Bitcoin by following the necessary security precautions. What matters is that Bitcoin remains decentralized and censorship-resistant. As long as it stays that way, nothing will be able to stop it. Just my thoughts Grin

goldkingcoiner

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Quote from: kenskie on September 20, 2021, 09:54:11 AM

I just remembered the poly network heist, one of the biggest heist in the history.

Is there also a possibility BTC can be hacked?
If it is, I bet every currency will start to declined.
How safety BTC security for you?

Want to know veterans answers. Undecided

Lol, thats a funny question. Bitcoin has withstood the test of time.

Since it's implementation, its been studied by everyone around the world. Academics, researchers, geniuses beyond geniuses have not been able to find a way to hack Bitcoin. Not even the government and the bankers can do much of anything. And they have tried, desperately.

So no, at this point, I very very very much doubt that Bitcoin or even the very concept of Blockchain will ever be able to be hacked. Maybe when we reach the age of true quantum computers, there may be a threat. But we already know of these threats and have implemented ways to counter them fully.

Timbrel

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I dont think so, the poly thing is different than bitcoin, like bitcoin is running like this for years but with poly the problem was that there was a bug and poly is not really descentralized ( i thinK) corecct me if i m wrong

rizqoAD

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I don't believe Bitcoin can be hacked, I think the Bitcoin network is very difficult to hack, until now Bitcoin is still safe and nothing has been hacked, it's just that some exchanges have been hacked to the detriment of its users. Other financial systems such as digital fiat is very easy to hack because it does not have a blockchain network like Bitcoin, the blockchain network will be adopted by conventional financial systems in the future. People's trust in Bitcoin is currently so high because it has been proven that Bitcoin investment is safe, the most important thing is how you store it in your wallet safely.

Questat

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Quote from: Sayeds56 on November 04, 2021, 01:30:47 PM

Quote from: kenskie on September 20, 2021, 09:54:11 AM

I just remembered the poly network heist, one of the biggest heist in the history.

Is there also a possibility BTC can be hacked?
If it is, I bet every currency will start to declined.
How safety BTC security for you?

Want to know veterans answers. Undecided

No. I don't' think so, it is highly unlikely to happen. Bitcoin is most decentralized and secure crypto currency, there is no incident of hacking attack on Bitcoin network since I started working in crypto back in 2017, though i heard lot of media reports of exchanges being hacked including Binance. It is considered most hack proof Block chain because it is network is constantly reviewed by entire network. thus, attacks on block chain are very unlikely. The wallets where crypto currencies are held are still vulnerable to attacks.

https://www.bitpanda.com/academy/en/lessons/can-a-cryptocurrency-like-bitcoin-get-hacked-or-shut-down/

There is hacking of Bitcoin's wallet but not the network itself. Yes, and due to the unique codes that the Bitcoin network had used, that is certainly impossible unless if there is someone on the inside who will do it, but I don't think so and I'm not sure if he could do it alone. That is why we don't ever hear such news and with such proof of work, then we can say that Bitcoin is a special project and none of the others could ever compared to it even ETH.

Botnake

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Quote from: tygeade on November 04, 2021, 03:16:09 PM

Quote from: kenskie on September 20, 2021, 09:54:11 AM

I just remembered the poly network heist, one of the biggest heist in the history.

Is there also a possibility BTC can be hacked?
If it is, I bet every currency will start to declined.
How safety BTC security for you?

When you say Bitcoin being hacked, do you mean an individuals bitcoin or you mean the bitcoin network itself getting hacked? If you mean the Bitcoin network is getting Hacked, then I don’t really think that’s going to be possible. So far we have already seen that there haven’t been a time when it was hacked.

The Bitcoin network is seen as one of the most secure platforms and technology there is. There’s nothing like being hacked or counterfeit currencies. The only way I can say Bitcoin can be hacked is an individual’s wallet being hacked, that’s the only thing or issue that you are going to face when making use of Bitcoin. But that, as well, can be avoided if you are very careful, because for hackers to be able to hack your wallet they must have gotten an information that will enable them to carry out such operation.

If the owner of bitcoin is confidently sharing his private keys even to his friends, then expect that your account will certainly be hacked just because of your own carelessness. As long as you are holding a valuable investment, always keep it safe and secured and just keep your private keys and password to yourself.

However, as far as i know when it comes to bitcoin network, there are no notable records that telling bitcoin had been hacked or attacked. It has a very strong security more secured than fiat, so if anyone tries to scam the network, he will only fail even how many attempts he'll make.

tygeade

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Quote from: kenskie on September 20, 2021, 09:54:11 AM

I just remembered the poly network heist, one of the biggest heist in the history.

Is there also a possibility BTC can be hacked?
If it is, I bet every currency will start to declined.
How safety BTC security for you?

When you say Bitcoin being hacked, do you mean an individuals bitcoin or you mean the bitcoin network itself getting hacked? If you mean the Bitcoin network is getting Hacked, then I don’t really think that’s going to be possible. So far we have already seen that there haven’t been a time when it was hacked.

The Bitcoin network is seen as one of the most secure platforms and technology there is. There’s nothing like being hacked or counterfeit currencies. The only way I can say Bitcoin can be hacked is an individual’s wallet being hacked, that’s the only thing or issue that you are going to face when making use of Bitcoin. But that, as well, can be avoided if you are very careful, because for hackers to be able to hack your wallet they must have gotten an information that will enable them to carry out such operation.

Sayeds56

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Quote from: kenskie on September 20, 2021, 09:54:11 AM

I just remembered the poly network heist, one of the biggest heist in the history.

Is there also a possibility BTC can be hacked?
If it is, I bet every currency will start to declined.
How safety BTC security for you?

Want to know veterans answers. Undecided

No. I don't' think so, it is highly unlikely to happen. Bitcoin is most decentralized and secure crypto currency, there is no incident of hacking attack on Bitcoin network since I started working in crypto back in 2017, though i heard lot of media reports of exchanges being hacked including Binance. It is considered most hack proof Block chain because it is network is constantly reviewed by entire network. thus, attacks on block chain are very unlikely. The wallets where crypto currencies are held are still vulnerable to attacks.

https://www.bitpanda.com/academy/en/lessons/can-a-cryptocurrency-like-bitcoin-get-hacked-or-shut-down/

DOH!

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Quote from: kenskie on September 20, 2021, 09:54:11 AM

Is there also a possibility BTC can be hacked?

I think, Bitcoin in the past and its long-term development and maintenance have demonstrated the best level of security. It is invulnerable to any extent, which makes bitcoin so powerful and does wonders for financial freedom and store of value. Even what Taproot brings will make bitcoin more secure and private.

smartaction

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Quote from: kenskie on September 20, 2021, 09:54:11 AM

I just remembered the poly network heist, one of the biggest heist in the history.

Is there also a possibility BTC can be hacked?
If it is, I bet every currency will start to declined.
How safety BTC security for you?
Want to know veterans answers. Undecided

Polygon is new currency but bitcoin is world first crypto-currency. It has been on the market for about 13 years. And there are tens of thousands of hacker teams trying to attack on it but they have never been able to hack it. And they couldn't figure out who made it. then why you think bitcoin can hack like Polygon..? it is not possible to hack Bitcoin.

panukurap

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I believe in the security of Bitcoin that's why I joined it as a trader. It's useless if I join if I don't believe it myself. Bitcoin uses a code that cannot be changed arbitrarily by people, even hackers will find it difficult to do so. Bitcoin does not use smart contracts like a poly network. If you look at the previous few years there has never been a case of hacking data from Bitcoin, this makes me even more sure of it.

no-ice-please

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Quote from: deadmousehat on November 04, 2021, 07:45:24 AM

Bitcoin has been running for years and remains the top 1 cryptocurrency until now and I have never heard of bitcoin being attacked. We all know a lot of scammers out there, so maybe it could happen, but until now no one has succeeded in attacking bitcoin because it is too difficult.

Well Andreas Antonopoulos likes to put it differently and I personally believe he is most likely right. He says that we can be sure that Bitcoin gets attacked all the time. Maybe not so much anymore these days but the reason that we believe it hasn't been attacked is that Bitcoin hasn't been successfully attacked yet. In Blockchain you either crack or it or you don't, it is a binary thing. If someone breaks into your house it might be different as you may be able to see some evidence afterwards even though the attack wasn't successful.

deadmousehat

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Bitcoin has been running for years and remains the top 1 cryptocurrency until now and I have never heard of bitcoin being attacked. We all know a lot of scammers out there, so maybe it could happen, but until now no one has succeeded in attacking bitcoin because it is too difficult.

Evgenklm

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how many bitcoins exist and I don't remember that there were any hacks and I think they shouldn't, because the bitcoin network is decentralized, it will be hard to hack, so I think we have nothing to worry about, and we haven't created enough computing power to crack bitcoin yet...but it's not for sure)

Abiky

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www.Crypto.Games: Multiple coins, multiple games

Quote from: DewiKirana on October 26, 2021, 04:23:03 AM

I'm not sure Bitcoin can be hacked, because Bitcoin uses a decentralized network, the possibility of Bitcoin being hacked could have been done by the creator himself.

Not only because Bitcoin is decentralized, but also because there's a large hashrate backing the network every step of the way. The more miners join the system, the more impenetrable Bitcoin will be. Right now, it's extremely expensive to attack the BTC blockchain so hackers can either target users' wallets directly or simply switch to another cryptocurrency. Believe me, there are some wallets (mainly software wallets) that are quite vulnerable to attacks. If you're careless enough to protect your Bitcoin, a hacker could gain access to your private key and steal your Bitcoins. It's up to you to follow the necessary security precautions to avoid this from happening. At least, the core Bitcoin blockchain will survive for a long, long time. Just my thoughts Grin

Topic: Do you believe BTC can be attacked? (Read 885 times)