Topic: Hacking Bitcoin,How Possible? - page 5. (Read 2403 times)
seeing many social media networks being hacked doesn't mean that bitcoin can be hacked, the manager of the most popular coin of the world which is bitcoin has been working day in day out to ensure that the large amount of money committed to this project does not go down the drain. so i believe bitcoin is secured even though i cant categorically say that it cant be hacked but i believe with the security measures that has been put in place, bitcoin is secure to an extent.
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
We all know that bitcoin has millions of investors around the world and there are millions of people who find bitcoin so trustworthy and no only people there are many countries like South Korea 🇰🇷, Japan 🇯🇵 and few more that has legalised bitcoin and then big companies like BMW has also started accepting bitcoin and this is all possible because of the most safest and the confidential transactions of bitcoin as its transactions does not involve any third party seizure and it also provides user anonymity. 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
Bitcoin and altcoin can be hacked theoretically, but practically impossible. Some of the possible methods are:
Attacks 51% of the network
Bug of Wallet software
The Private key of the address available (containing a bitcoin or altcoin attraction)
Attacks 51% of the network
Bug of Wallet software
The Private key of the address available (containing a bitcoin or altcoin attraction)
I don't think that anyone can hack Bitcoin and the most stories I heard are not hackers or criminals hacking but hacking exchanges and other sort of systems to get Bitcoin and in most scenarios individuals lost huge amount of money instantly and also some hackers target Bitcoin or other currency holders specifically in many ways so it is our responsibility to take precautions in any situation
agree that it is not easy to hack bitcoin because it has been made in such a way that its security and everything is usually a mistake of ourselves to how to look after it
Bitcoin uses blockchain technology and it is very secure and safe also those are some Bitcoins build purposes and qualities to become a global currency. To achieve such a target it should posses advanced options that other fiat currencies do not posses so it is fail safe by design hi according to my understanding hacking Bitcoin is impossible at the moment
Yes, the Bitcoin software is basically Open Source, but the problem is most people are not using the Open Source software to
access their coins. They use proprietary software with third party service providers, like Exchanges & Wallet providers and the
hackers knows this, so they target the weak links in the chain, namely the software that are most commonly used via these
third party service providers.
{We saw this with MtGox and some of the lesser known Wallet providers} 
access their coins. They use proprietary software with third party service providers, like Exchanges & Wallet providers and the
hackers knows this, so they target the weak links in the chain, namely the software that are most commonly used via these
third party service providers.
{We saw this with MtGox and some of the lesser known Wallet providers}
The first time I heard about this, it was not fair to the real investors, because bitcoin could be a left hand job for many people outside the main job so let's create a public market in truth
Specialists whom I trust claim that this is practically not possible. Program financial resources together with huge technical capacities can not recoup the effectiveness of hacking.
Hacking bitcoin is possible, in fact the hacker still do it every day. If one day the protection wall is not firm enough then the world will get in trouble
Bitcoin is based on Internet or we run it through Internet and those thing that run on Internet is very much possible to hack and it is our duty to protect our things.
so far it is very rare that bitcoin events occur, if what you mean stealing in each bitcoin holder's wallet is impossible.
highly encrypted security, except for theft in the trading market.
highly encrypted security, except for theft in the trading market.
Though i don't know much about bitcoin but I at least know that all the bitcoin are kept in a secured wallets and it is impossible to hack those wallets.
as far as I know bitcoin is hacked and impossible to do
I read that Bitcoin can not be hacked with the current technology, but I did not investigate the source and accuracy.
This news sometime has two meanings if we dont really investigate but in my opinion that bitcoin is very complex system in blockchain and it can not be hacked. The news recently about hacking is about thr wallet. If we dont be careful to save our detail for wallet then might be hacker can be hacking our wallet easily. Not bitcoin which can be hacked but wallet of bitcoin. 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
In fact, check the source code of bitcoin and monitor its updates - several hundred or maybe thousands of people in the world. These are specialists or those who are associated with the development team of the bitcoin core. The rest of the people and the more ordinary people - never even thought about what to check or look at. They do not understand anything about this. This means that if once something happens with the bitcoin code irreparable - the world does not immediately know about it. I'm saying all this to make it more clear that the bitcoine ecosystem is built only on trust. 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
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
Of course, Hacking is possible in Bitcoin. There are no possible in an Internet. Since, the Internet become popular the hacker is also active. And many people are confuse what internet can do so they are exploring. But as time goes by they used bitcoin to their own purposed. Its Hard to believe in many malicious sites today because it can hacked your personal things in your phone, laptop or personal computer.
Nothing can penetrate the technology that is blockchain even the government and banks acknowledge that fact, But the right thing to say here is the exchange or wallets that are online is the one that are attacked by hackers to get their stored bitcoin and not the system at all, But this can also be prevented if they only used offline wallets or cold storage wallets to store their bitcoin is a great move to o unless you can afford in getting one.
I agree. We can't protect bitcoin as a whole, but we can take personal precautions like you mentioned, and those go a long way. 
In theory, we can hack Bitcoin and altcoin by some methods such as:
+ Attack 51% of the network
+ Use try search method of address for private key already contains large amounts Coin!
+ Use Wallet app errors and bug!
But with the current technology and computing power, it's still very hard to do!
+ Attack 51% of the network
+ Use try search method of address for private key already contains large amounts Coin!
+ Use Wallet app errors and bug!
But with the current technology and computing power, it's still very hard to do!
Unless you get a quantum computer, blockchain and Crypto is not hackable.
I think hacking is the hackers job for which they are using the latest technology through which they can easily hack near area wallets and they can hack your wallets once you log in they have capture your IP and then they trace your log in and passwords so they use this way to hack you bitcoin and finally they steal it with out any problem.
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