how strong is bitcoin really? - page 19.

Blackdeath

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Quote from: Herbert2020 on August 28, 2016, 08:04:04 AM

maybe your fried is not familiar with the concept of calculator or maybe he doesn't know what hack a bitcoin wallet means!

either way, you should have told him bitcoin survived from 2008-9 till now without being hacked the way he thinks and it will continue being OK until there is a big advancement in the quantum computers front.

Quote from: bitbunnny on August 28, 2016, 07:50:46 AM

Quote from: 7788bitcoin on August 28, 2016, 06:23:02 AM

To me, bitcoin is not hackable; however, the bitcoin network might be hackable. So the question should be "how strong is bitcoin network?"

And Bitcoin network is vulnerable like any other network so there is no such thing as 100% security. We all have to be aware of this.

i don't know what you two mean but i am only aware of these and i doubt we can exactly call any of them "hacks"

As we can see Bitcoin is very strong nowadays. In a way that person by person accept to use bitcoin and some buy bitcoins because of it's increasing high value. Bitcoin is very famous nowadays in many people because some of it are used by not only ordinary people but it is used by different businessman, politicians and even government employees. We can say that bitcoin is very strong because it is very concrete to the use of people. They use bitcoins to earn profits in able to sustain their everyday needs and other is to achieve their wants and not just only wants but in able to give to others and to help others. We cannot say how long bitcoin will live but it's up to those who people used. That's all. Goodluck Bitcoiners!

virusasog

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Quote from: Harlot on March 07, 2017, 10:45:57 AM

Quote from: noormcs5 on March 07, 2017, 10:21:57 AM

Quote from: johnnyyash on March 04, 2017, 04:00:23 AM

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

I secondly agree with you....bitcoin is still on and growing stronger..population keeps increasing of those using it

Yes that is why bitcoin survive and and continue on growing value because of the rapid growth of users demand increases too. And surely
people will gonna support this virtual currency even the government do not.

It's growth is inevitable as demand will really increase because Bitcoin is still in its growth stage, even if we say it is old, it started slow but right now I can see that some major businesses accept Bitcoin because it can see that it is a proper medium to be use in online transactions such as the company Steam. It is great that we have catch up in a time where Bitcoin is still growing.

In Bitcoin is an emerging technology. It is high securable and high valuable currency. In most of the country accepted it is the strongest currency in 2016. In 2017 also is reach high position and increasing growth of the currency.

Harlot

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Quote from: noormcs5 on March 07, 2017, 10:21:57 AM

Quote from: johnnyyash on March 04, 2017, 04:00:23 AM

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

I secondly agree with you....bitcoin is still on and growing stronger..population keeps increasing of those using it

Yes that is why bitcoin survive and and continue on growing value because of the rapid growth of users demand increases too. And surely
people will gonna support this virtual currency even the government do not.

It's growth is inevitable as demand will really increase because Bitcoin is still in its growth stage, even if we say it is old, it started slow but right now I can see that some major businesses accept Bitcoin because it can see that it is a proper medium to be use in online transactions such as the company Steam. It is great that we have catch up in a time where Bitcoin is still growing.

danherbias07

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Quote from: n0ne on March 07, 2017, 04:00:18 AM

Quote from: Betwrong on March 07, 2017, 01:17:24 AM

Quote from: noormcs5 on March 03, 2017, 11:42:37 PM

Quote from: DoublerHunter on March 03, 2017, 08:12:50 AM

Bitcoin is very strong kind of investment because even though it is still young, it already proves a lot of things to the people who are keep doubting about it. Like what is happening now, Back in the past few months, a lot of people said that bitcoin will never touch 1000$ but now it already surpasses that 1000 and now we are getting closer to 1500$ price per each bitcoin. Bitcoin is the best and strongest cryptocurrency now because of the solid support of the community and also the great supports of investors and traders all around the globe.

Of course, bitcoin is really strong other than all crypto currencies. Because of many reasons, but in the main, as you said in the past months, people didn't thought that bitcoin could cross $1200 but bitcoin has done. But i also think bitcoin is still alive and strong because people have trust on bitcoin.

That's true. Without that trust Bitcoin would become nothing. And the good news is that more and more people trust Bitcoin and that's why it's rising in price.

It's like a vicious cycle but in a good sense: the more people trust Bitcoin the higher the price of it; the higher the price of Bitcoin the more people trust it.

As quoted the move happens as a cyclic transition. None could have thought that the price of bitcoin reaches this high in the short time period. More the people use bitcoin, more will be the demand and this creates the supply to demand difference leading to the price increase. Early adopters are the luckiest and we the luckier, because at least now we are along with it.

True that as early adapters we are lucky but that should not end with that. We need more people.
We are going to deal with agiant wave the second our governments makes a move to this great hike of value.
They might be monitoring it now and creating some nuisances to avoid making it further high.
The more supporters the better it will be. It might be a free coin for now but what about tomorrow.

noormcs5

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Quote from: johnnyyash on March 04, 2017, 04:00:23 AM

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

I secondly agree with you....bitcoin is still on and growing stronger..population keeps increasing of those using it

Yes that is why bitcoin survive and and continue on growing value because of the rapid growth of users demand increases too. And surely
people will gonna support this virtual currency even the government do not.

n0ne

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Quote from: Betwrong on March 07, 2017, 01:17:24 AM

Quote from: noormcs5 on March 03, 2017, 11:42:37 PM

Quote from: DoublerHunter on March 03, 2017, 08:12:50 AM

Bitcoin is very strong kind of investment because even though it is still young, it already proves a lot of things to the people who are keep doubting about it. Like what is happening now, Back in the past few months, a lot of people said that bitcoin will never touch 1000$ but now it already surpasses that 1000 and now we are getting closer to 1500$ price per each bitcoin. Bitcoin is the best and strongest cryptocurrency now because of the solid support of the community and also the great supports of investors and traders all around the globe.

Of course, bitcoin is really strong other than all crypto currencies. Because of many reasons, but in the main, as you said in the past months, people didn't thought that bitcoin could cross $1200 but bitcoin has done. But i also think bitcoin is still alive and strong because people have trust on bitcoin.

That's true. Without that trust Bitcoin would become nothing. And the good news is that more and more people trust Bitcoin and that's why it's rising in price.

It's like a vicious cycle but in a good sense: the more people trust Bitcoin the higher the price of it; the higher the price of Bitcoin the more people trust it.

As quoted the move happens as a cyclic transition. None could have thought that the price of bitcoin reaches this high in the short time period. More the people use bitcoin, more will be the demand and this creates the supply to demand difference leading to the price increase. Early adopters are the luckiest and we the luckier, because at least now we are along with it.

Betwrong

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Quote from: noormcs5 on March 03, 2017, 11:42:37 PM

Quote from: DoublerHunter on March 03, 2017, 08:12:50 AM

Bitcoin is very strong kind of investment because even though it is still young, it already proves a lot of things to the people who are keep doubting about it. Like what is happening now, Back in the past few months, a lot of people said that bitcoin will never touch 1000$ but now it already surpasses that 1000 and now we are getting closer to 1500$ price per each bitcoin. Bitcoin is the best and strongest cryptocurrency now because of the solid support of the community and also the great supports of investors and traders all around the globe.

Of course, bitcoin is really strong other than all crypto currencies. Because of many reasons, but in the main, as you said in the past months, people didn't thought that bitcoin could cross $1200 but bitcoin has done. But i also think bitcoin is still alive and strong because people have trust on bitcoin.

That's true. Without that trust Bitcoin would become nothing. And the good news is that more and more people trust Bitcoin and that's why it's rising in price.

It's like a vicious cycle but in a good sense: the more people trust Bitcoin the higher the price of it; the higher the price of Bitcoin the more people trust it.

jeraldskie11

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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 think your friend doesn't have enough knowledge on bitcoin because if you research more on it, you can't say that it is easy. You know, bitcoin is demanding now because the ratings from past years and this year has big difference the reason is, they know that bitcoin is very secure if you know to do it. And I don't know if the developers of the gambling site made it for them to lose, they program it very well.

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Quote from: CROYA86 on March 06, 2017, 10:21:37 PM

impossible to hack accounts wallet for in the near future, when you say should be the formula and all that it takes time to investigate and should it be solved code that then when it was also the wallet code security has been reinforced so the chances are very slim once to be bitcoin wallet account hack

In terms of security of our bitcoins, I think it's outstanding and the possibility of being hack depends only on how we take care of our bitcoin wallets.
With negligence it's very possible therefore we should know how to strengthen the security of our wallets if we believe the balance is very precious to us.

CROYA86

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impossible to hack accounts wallet for in the near future, when you say should be the formula and all that it takes time to investigate and should it be solved code that then when it was also the wallet code security has been reinforced so the chances are very slim once to be bitcoin wallet account hack

E-shipper

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Quote from: Hamstead on March 06, 2017, 10:56:27 AM

Quote from: dmamigo on March 05, 2017, 07:54:01 AM

Quote from: agamasrori on March 04, 2017, 11:46:31 PM

Quote from: johnnyyash on March 04, 2017, 04:00:23 AM

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

I secondly agree with you....bitcoin is still on and growing stronger..population keeps increasing of those using it

I agree with your statement, bitcoin will be stronger if more people use it. bitcoin is also not exposed to great effect if global economic conditions deteriorate, and the security of bitcoin was better than fiat.

More users will surely increase its strength, and governments acceptance would also strengthen BTC more. Governments indulgence is necessary for some instances, because local shops, peoples from rural areas kind of believes the government. And there acceptance would also strengthen beliefs upon Bitcoin.

However, the block confirmation time is quite long now, the transaction fee is also high, that will deter new users.

In addition to these difficulties, it is also necessary to consider the availability of conditions for new users to use bitcoin. After all, you will agree that for this not only the Internet is needed, but also good knowledge. And if we are talking about a mass transition to bitcoin, then what about people who have no education or even never used the Internet? How to deal with them?

hurain

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Quote from: deppil on March 04, 2017, 05:24:16 AM

Quote from: johnnyyash on March 04, 2017, 04:00:23 AM

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

I secondly agree with you....bitcoin is still on and growing stronger..population keeps increasing of those using it

bitcoin survive because of the users themselves continue to believe in bitcoin. so they want to use bitcoin although prices fell though. This also makes the user accretion bitcoin be strong

bitcoin is one of the most popular currency of the world and that is the reason that it is one of strongest currency of the world, in fact more and more people are entering in the world of bitcoin.

Hamstead

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Quote from: dmamigo on March 05, 2017, 07:54:01 AM

Quote from: agamasrori on March 04, 2017, 11:46:31 PM

Quote from: johnnyyash on March 04, 2017, 04:00:23 AM

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

I secondly agree with you....bitcoin is still on and growing stronger..population keeps increasing of those using it

I agree with your statement, bitcoin will be stronger if more people use it. bitcoin is also not exposed to great effect if global economic conditions deteriorate, and the security of bitcoin was better than fiat.

More users will surely increase its strength, and governments acceptance would also strengthen BTC more. Governments indulgence is necessary for some instances, because local shops, peoples from rural areas kind of believes the government. And there acceptance would also strengthen beliefs upon Bitcoin.

However, the block confirmation time is quite long now, the transaction fee is also high, that will deter new users.

dmamigo

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Quote from: agamasrori on March 04, 2017, 11:46:31 PM

Quote from: johnnyyash on March 04, 2017, 04:00:23 AM

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

I secondly agree with you....bitcoin is still on and growing stronger..population keeps increasing of those using it

I agree with your statement, bitcoin will be stronger if more people use it. bitcoin is also not exposed to great effect if global economic conditions deteriorate, and the security of bitcoin was better than fiat.

More users will surely increase its strength, and governments acceptance would also strengthen BTC more. Governments indulgence is necessary for some instances, because local shops, peoples from rural areas kind of believes the government. And there acceptance would also strengthen beliefs upon Bitcoin.

justdimin

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Quote from: richardsNY on March 03, 2017, 03:59:57 PM

Quote from: hamiltonik on March 03, 2017, 03:51:00 PM

Quote from: bravehearth0319 on March 03, 2017, 01:55:25 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

Isn't obvious that the value of bitcoin is getting higher right now. And nay of the investor are getting impresses into bitcoin, and aside from that many company are also merging the system of bitcoin.

Yes, Bitcoin is growing rapidly and is becoming popular. Unfortunately, it is also becoming popular among fraudsters. Therefore, we must be very careful when using cryptocurrency

Scam artists are everywhere, and thus not specifically pointed at crypto in general. Just look at how many people get scammed when using PayPal when the other party performs a charge back after the deal is done. It's a general problem and not just one that specifically binds to one part of the market. Everywhere you go you must be careful, because where the money is, there are the scammers.

I agree, bitcoin has been a very interesting thing, despite it being decentralized and controlled by the community, whenever it goes down it soon picks itself up to surprise us all over and over again, and that shows how unlike other stuff that governments control as soon as they fall they die, and that is how strong the bitcoin is.

I am not seeing any disturbing factors in near future against bitcoin's strength. Moreover, there are lot of possibilities for bitcoin to grow further stronger than what system we are currently having. I am very much sure bitcoin will stay stronger for ever.

ASHLIUSZ

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Quote from: agamasrori on March 04, 2017, 11:46:31 PM

Quote from: johnnyyash on March 04, 2017, 04:00:23 AM

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

I secondly agree with you....bitcoin is still on and growing stronger..population keeps increasing of those using it

I agree with your statement, bitcoin will be stronger if more people use it. bitcoin is also not exposed to great effect if global economic conditions deteriorate, and the security of bitcoin was better than fiat.

That's acceptable to some extent because bitcoin is not that secure as fiat based upon the value backing it has got. Bitcoin is making big impact on the global economy. Mainly the economic growth is found better mostly on African countries which is lagging in economy.

agamasrori

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Quote from: johnnyyash on March 04, 2017, 04:00:23 AM

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

I secondly agree with you....bitcoin is still on and growing stronger..population keeps increasing of those using it

I agree with your statement, bitcoin will be stronger if more people use it. bitcoin is also not exposed to great effect if global economic conditions deteriorate, and the security of bitcoin was better than fiat.

deppil

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Quote from: johnnyyash on March 04, 2017, 04:00:23 AM

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

I secondly agree with you....bitcoin is still on and growing stronger..population keeps increasing of those using it

bitcoin survive because of the users themselves continue to believe in bitcoin. so they want to use bitcoin although prices fell though. This also makes the user accretion bitcoin be strong

Sled

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Bitcoin is very strong and stable and it can lasts for years and i believed that bitcoin will be one of the top most used currency in the world. As of now, it is building trust to others and now it is doing well and you can see it on the price of the bitcoin now. Just watch bitcoin for the next few years and if you don't invest yet then you are running out of time and losing the opportunity.

johnnyyash

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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

I secondly agree with you....bitcoin is still on and growing stronger..population keeps increasing of those using it

Topic: how strong is bitcoin really? - page 19. (Read 55590 times)