Topic: Hacking Bitcoin,How Possible? - page 2. (Read 2403 times)
There are so many intelligent people who just use it for bad doings like hacking a system that is not their property. It is possible that bitcoin can be hacked by anyone if the system of bitcoin is not secure. But i think they secured it because money is involved. I hope bitcoin will not be hacked even in the future.
Hacking Bitcoin is impossible. Hackers can hack exchange sites or by phishing information. Bitcoin is really famous for its safety. 
"Hack" bitcoin is impossible, even from a technical point of view. The only thing that can be done is to carry out an attack of 51%, but bitcoin is protected from this.
I do believe that the bitcoin network itself remains to be hack proof til date. The cryptography applied to every wallet and every transaction and the peer to peer method of confirming and recording of every block is super strong. There is no effective way of injecting dubious transactions nor trying to redirect a transaction to another wallet to steal bitcoins.
News of bitcoins being stolen did not originate from the bitcoin network itself, rather, it is the exchange or the bitcoin owner themselves that gets hacked. It is in this event that attempts to steal bitcoin becomes possible. But never over the network of bitcoin.
News of bitcoins being stolen did not originate from the bitcoin network itself, rather, it is the exchange or the bitcoin owner themselves that gets hacked. It is in this event that attempts to steal bitcoin becomes possible. But never over the network of bitcoin.
No don't think the hacking of bitcoin can ever be possible, if not it could have been hacked earlier before now. I have been hearing about how other coins have been hacked but that of bitcoin has not and never been hacked.. Its only exchanges that can be hacked and some BTC can be moved from it..
This is not new we all knew whats the capacity of hackers, even the small amount they interest it how come bitcoin can aware, there is no possible for them because bitcoin is the largest digital money in this world so more get intetested with this..
no bitcoin to hack is simply unreal. he can stop working and disappear only if worldwide light switches off the light, but if this happens then the whole world will actually be lost
Very possible can bitcoin hacking because now there is a lot of digital technology in the market.bitcoin does not used globally it uses the internet that is used security system.everything is possible the only reason hackers is very strong.so i think you will be very careful.
When most people first hear about Bitcoin, they usually think there is some way in which the peer-to-peer digital cash system could be hacked. This is nothing new in some ways, as many internet users have seen their Facebook, Twitter, or other social media accounts come under the control of a nefarious actor over the years.
Having said that, Bitcoin is built for security. Due to the large amount of monetary value that relies on the world’s most popular cryptocurrency, the developers who maintain the de facto reference client for the Bitcoin protocol are careful about any new changes that may be made.
I think Bitcoin depends On Open source.
The Power of Open Source
One of the main reasons Bitcoin is viewed as secure is due to the fact that the codebase behind the network is completely open source. Anyone who wants to join the Bitcoin network is able to do so in a completely open and incorruptible manner. New users are able to confirm, if they wish to do so, that the financial network works in the manner intended because they are able to verify the source code that they’re running on their home computers.
Of course, many users don’t actually verify the code related to their interactions on the Bitcoin blockchain. Most users simply purchase some bitcoin on an exchange like Coinbase rather than worry about operating their own full node.
But the point is that the option to run a full node to control one’s own digital financial sovereignty is always there through the use of open source software
Having said that, Bitcoin is built for security. Due to the large amount of monetary value that relies on the world’s most popular cryptocurrency, the developers who maintain the de facto reference client for the Bitcoin protocol are careful about any new changes that may be made.
I think Bitcoin depends On Open source.
The Power of Open Source
One of the main reasons Bitcoin is viewed as secure is due to the fact that the codebase behind the network is completely open source. Anyone who wants to join the Bitcoin network is able to do so in a completely open and incorruptible manner. New users are able to confirm, if they wish to do so, that the financial network works in the manner intended because they are able to verify the source code that they’re running on their home computers.
Of course, many users don’t actually verify the code related to their interactions on the Bitcoin blockchain. Most users simply purchase some bitcoin on an exchange like Coinbase rather than worry about operating their own full node.
But the point is that the option to run a full node to control one’s own digital financial sovereignty is always there through the use of open source software
Yes hacking bitcoin is possible because they need only to get the information that they need. Actually hackers get first the trust of someone and they will use it to hack it
no always need to get the trust of someone, just simple access to his computer will do. There are many ways how to scam and hack, it's important to learn defence against these attemtps.
When most people first hear about Bitcoin, they usually think there is some way in which the peer-to-peer digital cash system could be hacked. This is nothing new in some ways, as many internet users have seen their Facebook, Twitter, or other social media accounts come under the control of a nefarious actor over the years.
Having said that, Bitcoin is built for security. Due to the large amount of monetary value that relies on the world’s most popular cryptocurrency, the developers who maintain the de facto reference client for the Bitcoin protocol are careful about any new changes that may be made.
I think Bitcoin depends On Open source.
The Power of Open Source
One of the main reasons Bitcoin is viewed as secure is due to the fact that the codebase behind the network is completely open source. Anyone who wants to join the Bitcoin network is able to do so in a completely open and incorruptible manner. New users are able to confirm, if they wish to do so, that the financial network works in the manner intended because they are able to verify the source code that they’re running on their home computers.
Of course, many users don’t actually verify the code related to their interactions on the Bitcoin blockchain. Most users simply purchase some bitcoin on an exchange like Coinbase rather than worry about operating their own full node.
But the point is that the option to run a full node to control one’s own digital financial sovereignty is always there through the use of open source software
Having said that, Bitcoin is built for security. Due to the large amount of monetary value that relies on the world’s most popular cryptocurrency, the developers who maintain the de facto reference client for the Bitcoin protocol are careful about any new changes that may be made.
I think Bitcoin depends On Open source.
The Power of Open Source
One of the main reasons Bitcoin is viewed as secure is due to the fact that the codebase behind the network is completely open source. Anyone who wants to join the Bitcoin network is able to do so in a completely open and incorruptible manner. New users are able to confirm, if they wish to do so, that the financial network works in the manner intended because they are able to verify the source code that they’re running on their home computers.
Of course, many users don’t actually verify the code related to their interactions on the Bitcoin blockchain. Most users simply purchase some bitcoin on an exchange like Coinbase rather than worry about operating their own full node.
But the point is that the option to run a full node to control one’s own digital financial sovereignty is always there through the use of open source software
Yes is it possible if you trust other. Actually the worker that experiencing scam or hack is the newbie because they wanted help but some people wanted only to get their trust and use that to get what they want.
Everything is possible on earth.now in the world there is a lot of advances technology.so it is possible to hacking because it uses the internet that is used globally.
take down all asic machines .. no transactions can be confirmed then
there's no imposiible for the hackers. if they want to steal your account they do it. but luckily the professional hacker not doing this thing they only monitor those scammer or what we called fake hacker. the hackers doing not bad or crime activities. they only sucure the important site. and they make the world peacufully in the digital world
take down all asic machines .. no transactions can be confirmed then
Hacking bitcoin wallets theoretical can be, but it need huge amount of power what makes this hack not effective.
You send more power of electricity and time then have profit from hacked account
You send more power of electricity and time then have profit from hacked account
Of course it is very possible that bitcoin and other crypto currencies are very vulnerable to hacking because it uses the internet that is used globally
Even though our technology our security system is very hard to penetrate because of some updates others also upgrading their hack tool to penetrate the system. IT is an never ending battle of the greatness. It is very easy for them to hack it if the security system is poor but they really put budget on it then it will take long time for them to hack it. Also make it sure that your computer is safe to use.
In the efficiency and legit bitcoin that can provide profits it is possible for hackers to do what they want just to hack to earn bitcoin.The solution for that is keep safe and have privacy to your wallets.
Lots of bitcoin has been hacked due to putting your info on the unsecured sites. And hackers can also steal BTC by stealing your cookies. These are the basic techniques which hackers use for stealing your money. Also be aware of phishing sites, and keep basic things in your mind. Stay Safe
Possibility rate is low. Hackers only get access to users wallets when users are not careful with their pkey or involve in browsing on some phishing site by clicking phishing link. So with user not been careful hackers can operate on such person account but if user is careful then they can't be any way for hacker to work.
As far as I know the hacks that have been made until now are due to the users who are not very careful with their passwords and accounts as well as the exchanges. But the blockchain was not able to be hacked (P.S correct me if I am wrong)
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