how strong is bitcoin really? - page 14.

Mumbeeptind1963

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Quote from: jak3 on August 27, 2016, 12:03:10 PM

We know that bitcoin is strong and all the wallets have milletry grade security but one of my stupid friend today said that maybe someone can hack it with just a calculater because with math and correct formulas we can even predict gambling bets if that is possible then maybe there is any chance of this

I dont know but im sure it has good enough because many people are investing on it and earning as well, so in the previous years it already build up its foundation in the cryptocurrency world.

mackenzied

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Quote from: asdalani on April 20, 2017, 06:25:24 AM

Bitcoin is not that strong if you really think about it, brute-forcing the passwords is possible so Bitcoin is not that secure.

Bitcoin is really safe, it's very hard to hack, it's never hacked. Currently, there is a large amount of bitcoin in the world, it is carrying a great value, if it is really easy to hack, it has been happening continuously, however, we do not see any information. I'm sure many hackers want to do that, but they have not been able to carry out their plot.

CraigWrightBTC

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Quote from: asdalani on April 20, 2017, 06:25:24 AM

Bitcoin is not that strong if you really think about it, brute-forcing the passwords is possible so Bitcoin is not that secure.

Yes you are right if you talking about the password of wallet bitcoin, it can be hacked with some method of hacking
but the bitcoin's network is not easy be hacked, it is impossible at least for right now,
the weakness of password bitcoin wallet be made by users of bitcoin doesn't mean bitcoin is weakness too
personality bitcoin is strong even the price will not goes down too deep.

asdalani

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Bitcoin is not that strong if you really think about it, brute-forcing the passwords is possible so Bitcoin is not that secure.

jovs

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Quote from: electronicfactura on August 28, 2016, 04:07:18 AM

Bitcoin is strong and there are some bugs in blockchain technology which are being fixed timely as we see new wallets with more improvements. This simply doesn't make Bitcoin weaker, I think your friend has heard about different hack about Bitcoin but those were exchanges or service providers who had flaws in their security systems. I don't think that your friend can do anything with Bitcoin in regards of security directly.

As we can see bitcoin is developing each day. If new problems make to block bitcoin transaction it is sure that there is always a answer for the problem. It is been fixed because of the development of bitcoin each day not just on transaction wise but of course on its security and it price pumping ability is working each day. So if we will assure the power or how strong is bitcoin for me it changing everyday as it develop for the better bitcoin on the near future.

Biggapp

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Quote from: coinbitte on April 20, 2017, 01:48:56 AM

Quote from: jak3 on August 27, 2016, 12:03:10 PM

We know that bitcoin is strong and all the wallets have milletry grade security but one of my stupid friend today said that maybe someone can hack it with just a calculater because with math and correct formulas we can even predict gambling bets if that is possible then maybe there is any chance of this

It's stronger than we imagine.

i think your friend was just joking, bitcoin is really very strong, if it was easy to hack bitcoin then how bitcoin has such high price and how it has become such popular currency? All the bitcoin wallets are highly secured, it is not east to hack it with calculator or any formulas.

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Quote from: coinbitte on April 20, 2017, 01:48:56 AM

Quote from: jak3 on August 27, 2016, 12:03:10 PM

We know that bitcoin is strong and all the wallets have milletry grade security but one of my stupid friend today said that maybe someone can hack it with just a calculater because with math and correct formulas we can even predict gambling bets if that is possible then maybe there is any chance of this

It's stronger than we imagine.

Bitcoin is not that easy to hacked as your friend says that it is. If bitcoin is easily to hacked maybe the price got down below $500. So I can say bitcoin is secure and going stronger daily.

coinbitte

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Quote from: jak3 on August 27, 2016, 12:03:10 PM

We know that bitcoin is strong and all the wallets have milletry grade security but one of my stupid friend today said that maybe someone can hack it with just a calculater because with math and correct formulas we can even predict gambling bets if that is possible then maybe there is any chance of this

It's stronger than we imagine.

Inkdatar

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Bitcoin has been stronger daily because of its demand and anyone attracts into use bitcoin. Because bitcoin gives help to anyone as one of advantages is fast transactions and secured store money into your wallet. So for me bitcoin has been really stronger day by day.

Oralmat

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Quote from: Roboabhishek on April 18, 2017, 07:46:17 AM

As far as I know bitcoin is a secure way to send payments and there's no way that a tx can be traced unless you are using 1 address for all of your transactions.

When someone try to bitcoin for money transfer than he always use bitcoin for amount transfer and also mostly people use bitcoin for making money and earn money from bitcoin, it is really good and suitable way for everyone not only few people. I see my mostly friend who have no trust on bitcoin, but when they start to work with it, now they are earning with bitcoin very well.

TIDOVEE

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Quote from: ABCbits on August 27, 2016, 12:38:06 PM

If bitcoin have weak security, i'm sure by now bitcoin would be controlled by government or dead.
Bitcoin is still alive is the proof that bitcoin network is really strong. Most bitcoin stolen/lost usually because user fault or 3rd party service bug anyway Roll Eyes

im looking at this strength at the point of security or vulnerability.
i think the strength of a thing can be better measured better measured by the amount of opposition, challenges or pressure it undergoes, which has not yet been measured so far.
until its been faced by strong hackers or government influence, its still very much safe. join me to agree that its strong

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The true power of bitcoin is that no single person or institution can monopolize in regulating the gait, this is free, and decentralization of course, the blockchain system makes it extraordinary

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Quote from: Roboabhishek on April 18, 2017, 07:46:17 AM

As far as I know bitcoin is a secure way to send payments and there's no way that a tx can be traced unless you are using 1 address for all of your transactions.

You really know that bitcoin is a secure way to send payments and but transactions can be track because you can see it on the blockchain technology. The only thing that makes it hard to traced is that all of the transactions are just written in bitcoin address and there's no information from the person transacting so that's making it strong.

ankit10

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Hacking of prediction on gambling or casino sites is a not easily or impossible if really it was easy then every hacker start hacking gambling sites and definitely it affect bitcoin price . "bitcoin was strong as humans thought" no can beat or lead bitcoin.

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Quote from: Sir Legend on April 19, 2017, 08:25:24 PM

Quote from: Roboabhishek on April 18, 2017, 07:46:17 AM

As far as I know bitcoin is a secure way to send payments and there's no way that a tx can be traced unless you are using 1 address for all of your transactions.

Yes true, when the transaction was tightened then the best option is bitcoin, anonymous, secure, fast and cheap cost. In addition bitcoin is a very profitable investment.

It's not actually fully anonymous but it can give us a fast transaction paying only a cheap amount for the fee, people should know especially
those who are constantly sending money and been paying high fees to the remittance business.

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Quote from: Janation on April 19, 2017, 08:08:39 PM

Quote from: Farcoin12 on April 19, 2017, 07:37:50 PM

Quote from: jak3 on August 27, 2016, 12:03:10 PM

We know that bitcoin is strong and all the wallets have milletry grade security but one of my stupid friend today said that maybe someone can hack it with just a calculater because with math and correct formulas we can even predict gambling bets if that is possible then maybe there is any chance of this

As long as you keep your private key very safe and don't show it to anyone but yourself, then bitcoin is pretty much unhackable. If you go around showing your private key, you are probably gonna get hacked.

If the owner of a wallet show off his or her private keys, that is not hacked nor stolen, more likely it is given. You show your privatebkey, there are no other reason why you will be losing you bitcoins stored on the wallet. Maybe you can showw off your bitcoin wallet address, but when it comes to your private keys, that is a different story.

In terms of strength bitcoin has a very strong level of security, but all responsibilities are based on ourselves while we are used to entrust financial security to banking institutions, so it needs a maximum adaptation process, or we will experience a fatal loss. In addition to the private key system, I think we need to trust completely on blockchain because so far they have been developing a decent security system for us to use.

Sir Legend

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Quote from: Roboabhishek on April 18, 2017, 07:46:17 AM

As far as I know bitcoin is a secure way to send payments and there's no way that a tx can be traced unless you are using 1 address for all of your transactions.

Yes true, when the transaction was tightened then the best option is bitcoin, anonymous, secure, fast and cheap cost. In addition bitcoin is a very profitable investment.

Janation

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Quote from: Farcoin12 on April 19, 2017, 07:37:50 PM

Quote from: jak3 on August 27, 2016, 12:03:10 PM

We know that bitcoin is strong and all the wallets have milletry grade security but one of my stupid friend today said that maybe someone can hack it with just a calculater because with math and correct formulas we can even predict gambling bets if that is possible then maybe there is any chance of this

As long as you keep your private key very safe and don't show it to anyone but yourself, then bitcoin is pretty much unhackable. If you go around showing your private key, you are probably gonna get hacked.

If the owner of a wallet show off his or her private keys, that is not hacked nor stolen, more likely it is given. You show your privatebkey, there are no other reason why you will be losing you bitcoins stored on the wallet. Maybe you can showw off your bitcoin wallet address, but when it comes to your private keys, that is a different story.

Farcoin12

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Quote from: jak3 on August 27, 2016, 12:03:10 PM

We know that bitcoin is strong and all the wallets have milletry grade security but one of my stupid friend today said that maybe someone can hack it with just a calculater because with math and correct formulas we can even predict gambling bets if that is possible then maybe there is any chance of this

As long as you keep your private key very safe and don't show it to anyone but yourself, then bitcoin is pretty much unhackable. If you go around showing your private key, you are probably gonna get hacked.

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Quote from: PokerFace3 on April 19, 2017, 03:43:11 PM

Quote from: dasana212 on April 16, 2017, 08:38:05 PM

Bitcoin is built with a strong security system and is not vulnerable to hacking by hackers.
More and more bitcoin users in different countries certainly add strength to bitcoin

Bitcoin no doubt have a very strong security system. The increasing number of its users indicates towards the strength and the goodwill that it has achieved. It is definitely the people trust on the on its system that attracts them toward it. Otherwise no one will the risk of sinking of assets. Before joining the bitcoin people make it sure to know the strength and the control.

bitcoin are strong enough as the next big thing , survived for almost ten years and during the days bitcoin have been rumoured and even attacked by the government media as the biggest scam scheme, but hey they are even start adopting bitcoin now slowly but sure. be the pioneer by keep believing on bitcoin , and take a lot of advantage later, don't miss it just like 8 or 9 years ago.

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