Topic: Do you believe BTC can be attacked? - page 2. (Read 885 times)

yes, what you say is true and this is very shocking news as hackers have taken over $610 million worth of digital money from poly network.
poly network, which facilitates peer-to-peer token transactions, adds, stolen tokens, are transferred to multi-sign wallets, which are controlled by the platform and hackers.
but most of the digital money has been returned by hackers and only the $33 million stablecoin tether remains.

Of course, the question is also that we know that so far no one knows about poly networks, with information from them via Twitter that made poly networks famous and was there no other element in the hacking that took place? because why also hackers return the funds that have been taken?

Of course, it is clearly very different between bitcoin and poly network, it can be ascertained that until now and in the future it will be difficult to hack the bitcoin network. there is no need for excessive worry.

If it's just to attack, obviously it's also not easy because we know that the bitcoin network is known to be reliable and the protections made so far have indeed been able to protect transactions that might be want to hacked.
What might happen is exchange networks that can be hacked, and most often of course, private wallet networks that are used by many people. but even then because most of the mistakes that have been made by themselves, not because of the system.

I agree with you it is not easy and there is no need to be afraid of being excessive because the system used by bitcoin is very different and has been tested so far and is able to protect against hackers who want to enter the bitcoin network.

Everything is possible especially if they will think lots of ways to attack on bitcoin. But, as far as I know, bitcoin didn't experience being hacked yet since they have made very strong security. But, I think can steal our assets in various ways maybe a form of fraud that is similar to Bitcoin wallet address so that they can steal the assets of anyone. But, bitcoin lasted a decade and look at how bitcoin always improve and increase it's price. For sure lots have tried on making out some exploit in terms of security but they failed to do so because of it's very strong security system. So I could say bitcoin network is more secure compare to those altcoin network.

Bitcoin is a decentralized digital currency that uses cryptography to secure transactions. ... Blockchain technology and users' constant review of the system have made it difficult to hack bitcoins. Hackers can steal bitcoins by gaining access to bitcoin owners' digital wallets.

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.

Bitcoin is incomparable to any coins now despite of their competence to manage their project in a better position. However, Bitcoin is Bitcoin which made something extraordinary use case and programming. I also believe that no one will try to hack Bitcoin as we know the suspect may not be in good condition at the very moment. Bitcoin is now partnership with country, banks, and business.

Agree, phising is most likely the main reason why people are getting hacked without their knowledge. This is because they advertise or make people believe that their website is legitimate, and the other reason why you've been hacked is because you didn't use 2FA or other security measures. Yes, if you fall victim to phishing, but if you enable 2FA, the hacker will have a much more difficult time accessing your accounts, which is why it is so important. Invest in a hard wallet as well, as this is the safest way to safeguard your account.

many people are careless when there is a phishing case, they are a lot tempted by what is offered, and have the desire to try it, and finally their data can be stolen. for the next of kin, I think we need to tell one of them for the private key, sometimes we don't know what will happen to us, so that if left, our family can still access the assets

It will remain safe if we are able to keep it as good as possible and as private as possible, this of course depends on the Bitcoin owner how they manage and remember private keys, passwords, emails,.... also never entrust the wallets to anyone except the own family.
If we look at it in the outline... Bitcoin will be difficult to hack and the security level of the blockchain is still strong, did we experience various kinds of hacks so far? I think it's still a small possibility till now.

so far we have never heard of any news about bitcoin being able and capable of being attacked, what you say is absolutely true that no one will be able to attack bitcoin until now, that the system developed by bitcoin really protects it from unwanted things.

but for individuals, I agree that it is possible for someone to take bitcoins from hacker attacks and steal from wallets because of the carelessness of the wallet holders themselves, so not the system.
as long as the bitcoin holder can't be tricked or do something that his wallet can finally be found out, it can be guaranteed that it will be safe.

I agree that bitcoin has proven that with the developed system it can continue to grow and bitcoin will be increasingly sought after and made into an increasingly attractive investment for investors.

Programatically, there's a chance however tiny for anything to happen which is why he's answer is a honourable one.

Machines and codes are one thing but they are not impregnable - nothing really is. We are all taking our chances that the probability of the network even outside of Bitcoin is one that's infinitesimally small and we all go about our lives assuming that's the case but we should never be blinded by the true fact that nothing is impossible.

I think Bitcoin, itself, can't be hacked. I mean how would hacking Bitcoin benefit anyone really? Its value depends mainly on investors. I think what you are referring to is the blockchain, or storage devices, or maybe the company running Bitcoin. Well, all of those can be hacked alright, although the blockchain is almost impossible to hack because it's growing by the millisecond (every time someone makes a transaction) and there are contracts to sign here and there. You will need hundreds of supercomputers to at least replicate it, but why invest in those machines if you can simply invest in Bitcoin and gain 10x more profit (this is probably why no one has dared after all these years)?

Yet it got hacked. It goes to buttress the fact that it's not the size of the dog that matters but the fight in the dog. Despite the few pages of its whitepaper, Bitcoin is able to knit all and anything that could cause it getting hacked.

Again, OP's question should make us realize that if it were possible to hack the Bitcoin network; Bitcoin haters would've long done that instead of the media attacks they heap on Bitcoin. As for if, "BTC can be attacked?", that attack has been ongoing for years with FUD here and there and the media amplifying the hatred. It's nothing new.

when things like this continue to be thought about, it will continue to be an endless thought because on the other hand bitcoin is something with sophisticated technology that will even be very difficult to penetrate because it has a super high security system.
on the other hand in the mirror of the events that have happened everything will not be predictable and everything can happen.
but maybe bitcoin is an exception with a system that will not be easily broken by thieves, but when you say this to the wallet it will certainly be a different story.

Alright, but don’t you think that if Bitcoin was ever going to be hacked that it is something that would have happened yes back? Bitcoin has been around for over a decade now and we still haven’t seen anything or any news that says that Bitcoin was hacked.

For me, I don’t think such is going to happen, because if it was really going to happen then it should have happened in years back. Hackers would have even taking advantage of it if it was possible and they would have used it as a means for them to make lots of money from the market, but if they have not been able to do it then it’s not going to work. And don’t forget that Bitcoin is decentralized and doesn’t have a central authority that controls it.

Hacking bitcoin smart contracts is impossible, because hackers have to break many blocks to be able to steal them. but what often happens is hacking of bitcoin wallets which usually occurs because of the negligence of the owner himself, and when that happens, it will be difficult to find it

Two years ago I was in a conference connected with crypto and it was said that there had been no such a powerful computer that could destroy Bitcoin's blockchain yet, so I think that in terms of it we are in safety now. What comes to polynetwork, it is just a defi-project, so hacker found an vulnerability in its smart-contract and stole money. But there is no Bitcoin's smart-contract and if someone changes something in Bitcoin's code it just will not be accepted by other computers.

I believe that it is possible for an attack to happen, but extremely unlikely. Mempool floods are an attack that can be pulled off within the foreseeable future as said in a post before mine. a 51% attack is close to impossible on bitcoin, the hashrate needed to pull off an attack such as a 51% is tremendous, they're arent enough ASICs in production to be able to buy enough to do a 51% attack. Supercomputers are out of the picture as well, they are not very good at mining BTC. An attack is possible, but so unlikely, that I dont worry about it.

there is no smart contract on BTC so its almost nothing to be attacked on its code. its possible on the 2nd layer and those rBTC or wBTC which is close to being BTC itself since these are representation of real BTC in their network just like the Poly.

if OP meant any other attacks like Mining or SEC regulations, its happening already and non of it yet had succeed.

Poly network was also a decentralized Finance (DeFi) which contains millions of cryptocurrencies and also trusted by crypto users, but the owner of the platform leaves a small vulnerability in its code which enabled the hacker named Mr. White Hat to take $610 million worth of cryptocurrencies.
Bitcoin in the other hand is also a decentralized digital currency that uses a blockchain technology as a fundamental in-order to keep its system secure and safe which makes it harder to hack.
It is only possible to hack and steal bitcoins from the owners who refused or neglect the use of high security wallets.

Therefore, bitcoin's system is invulnerable or impossible to hack.

Bitcoin is a strong protocol that it is not possible to attack. I think attached means individual so have no effect on bitcoin system. Bitcoin is safe for everyone and Every investor to safe investment. Bitcoin already proved their value and system. I Think bitcoin will br MORE developing in future.