how strong is bitcoin really? - page 21.

Bitcoinsummoner

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Quote from: lol3c on February 22, 2017, 10:39:58 AM

Quote from: PaulPogba8 on August 28, 2016, 06:25:01 AM

Quote from: ?? on ??

If bitcoin was easy to hack, there will be no bitcoin to begin with.

Yes, hacking bitcoin looks like an impossible mission, even we use top 10 supercomputer, we should spend 100000 centuries to decipher it. LMAO. Cheesy

There are still many things which can not be solved. Attack 51% is one of the example for the weakness of Bitcoin. Never underestimate this danger since it can reverse all the transaction or control everything in the blockchain. I hope that other cryptos can fix this bug and replace Bitcoin

Where did you find that think that bitcoin can be reverse.? never experience this yet.. and hope that it will never happen..
If it will happen it will be the same as paypal that you can reverse the payment but how you can start a case to get your payment back?
Since sending bitcoin is taking time to arrive and waiting for confirmation before countred to your balance. and never experience reverse except for pending one..

Sithara007

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Quote from: AUDREY23 on February 22, 2017, 10:10:59 AM

nothing is perfect in this world, but if it happens, it will take a very long time, when they tried to hack her, the bitcoin users also fix all the weaknesses that exist within bitcoin, all of this has always kept a continuous

Actually, it is not possible to fix the weaknesses (such as the 1MB block size, 51% rule.etc) that are associated with Bitcoin. It needs a number of hard-forks, and since there is no unanimous support for this, it can never be implemented.

lol3c

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Quote from: PaulPogba8 on August 28, 2016, 06:25:01 AM

Quote from: ?? on ??

If bitcoin was easy to hack, there will be no bitcoin to begin with.

Yes, hacking bitcoin looks like an impossible mission, even we use top 10 supercomputer, we should spend 100000 centuries to decipher it. LMAO. Cheesy

There are still many things which can not be solved. Attack 51% is one of the example for the weakness of Bitcoin. Never underestimate this danger since it can reverse all the transaction or control everything in the blockchain. I hope that other cryptos can fix this bug and replace Bitcoin

slapper

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Quote from: Text on February 22, 2017, 09:00:34 AM

Bitcoin is getting stronger, the population is getting bigger and I don't doubt it. Our number is increasing exponentially. There is already a wide adaptation in every corner of the world and of course with the help of our technologies, we are breaking the boundaries because of innovation and the people with great minds.

I do agree that but we have to beware of the possibility that Bitcoin will be replaced by other cryptos. Bitcoin is only a prototype and many other cryptos are stronger and greater than Bitcoin. zcash, Ethereum, monero, they all have the chance to become the world only FIAT. However, we need to trust Bitcoin because it is the first step for other people to accept cryptos on our world

AUDREY23

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nothing is perfect in this world, but if it happens, it will take a very long time, when they tried to hack her, the bitcoin users also fix all the weaknesses that exist within bitcoin, all of this has always kept a continuous

Ducksun

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Quote from: grenade launcher on February 13, 2017, 01:48:34 PM

I think that many people are very much attracted by an anonymous bitcoin. If today, the tax authorities are beginning to make people do the income statement, the bitcoin makes it possible to avoid it.

I totally understand your opinion and i agree with you because people use the Bitcoin to avoid these things.
People that use the bitcoin just want to send money without something stopping them from doing it

AicecreaME

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Quote from: fravia on February 21, 2017, 06:04:38 PM

Quote from: kreskko on February 21, 2017, 04:44:17 PM

If it were possible to link bitcoin wallet for my passport data, I would be able to control your finances and streams have legal support.

I mean bitcoin is already legal without having passport and stuff like that connected to it, in my opinion bitcoin is really strong and in the future it is going to become only stronger with the adoption of the people, consequently the price is going to grow rapidly.

Indeed. Linking your bitcoin to your password will just reveal your identity, then, what is the point using bitcoin if you are going to reveal yourself by connecting personal information about yourself, of who you truly are, and the support that we are talking about here is the Government support for bitcoin, and not yours, because yours wouldn't count as a support at all versus the support of the Government that is going to be give to bitcoin in the right time.

Right now, all we have to do is to continuously use bitcoin as the support that we can contribute and, who knows, next year, or maybe the next year, the Government will finally accept it and will be going to be the future money that we are all wishing for.

SpousedHF

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Well actually considering the idea that BitCoin hasn't been breached ever yet that it would be more reliable than certain banks ahem aka the ones that got all of their info leaked. I don't see how someone could swindle in the idea of someone getting to someone's money through BTC if the owner of said BTC makes all the transfers and other items like that.

Text

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Bitcoin is getting stronger, the population is getting bigger and I don't doubt it. Our number is increasing exponentially. There is already a wide adaptation in every corner of the world and of course with the help of our technologies, we are breaking the boundaries because of innovation and the people with great minds.

Xester

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Quote from: boybugs18 on February 13, 2017, 01:58:03 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

you cant 100% predict gambling bets as every game is different and they need to play first before they win and many result will come when they play , I think you can just increase your chances by researching who will play but not entirely you can predict who will surely win. As of military grade wallet security it is still not on that level and the chance of hacking increase when you save information inside your gadget.

If you play on casinos your game is based on luck but its different with online casinos since the softwares are programmed so the company will surely profit. If offline casinos offer 50/50 lost and win probability the online casinos offer much lesser winning chances and a higher losing chances. Even with math and correct formulas you cannot win in gambling sites except if you place a bug on that site that will force the program to make you win.

novemberwoah

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Quote from: BeGoods on February 22, 2017, 06:44:18 AM

I think you can see millions of people scattered around the world are already adopting and using bitcoin. for many users it. it makes bitcoin becoming stronger. and in line with many people adopting bitcoin. then bitcoin will be stronger

Yes you are right, more and more people are using and adopting bitcoin then it will be stronger. Many people using bitcoin will make bitcoin is growing so bitcoin making progress. But despite more powerful in my opinion bitcoin could still fall because some worse thing that can affect like many for criminal purposes or bad actions, but I believe bitcoin will be able to rise and overcome look ups and downs bitcoin in the past.

doomistake

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Quote from: tripplewarz on February 21, 2017, 03:51:29 PM

When users have a need to maintain their income, the bitcoin in this business always helps. This is the first strong point cryptocurrency. I personally have never been satisfied with the fact that the state makes to pay taxes, so bitcoin for me.

Government getting taxes on us based on our yearly income is just natural, because that taxes are the one that they are going to use to provide good services and other projects that they are going to make for the benefits of a certain country, without the taxes that we are paying to the Government, we don't have bridges, buildings, and other things that the Government made for us.

So, that is why the Government is not supporting bitcoin because they can't put a tax on it since it is decentralized. But, it doesn't mean that they will not notice the valuable things that bitcoin can done or already make by bitcoin, it will just take some time before they will realize that they need bitcoin for the better future.

BeGoods

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I think you can see millions of people scattered around the world are already adopting and using bitcoin. for many users it. it makes bitcoin becoming stronger. and in line with many people adopting bitcoin. then bitcoin will be stronger

senyorito123

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Bitcoin is really strong because of the demand from people which is now rising higher in numbers and it makes the impact of bitcoin to peoples lives very profitable. The society is now learning to adopt to most people who are having no permanent jobs, and they find comfort to earn their fiat money through bitcoin which is really beneficial for them. More opportunities will be in progress for several years due to bitcoin strongest influence nowadays and it will continue to be circulated around the world.

hollandvan

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PBOC has resisted bitcoin since 2013, every huge pump to 1000 usd, they will come out to shout bitcoin is XXXX, they will ban. Fortunately bitcoin survives after the multiple bans. FUCK PBOC

Ipwich

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Quote from: fravia on February 21, 2017, 06:04:38 PM

Quote from: kreskko on February 21, 2017, 04:44:17 PM

If it were possible to link bitcoin wallet for my passport data, I would be able to control your finances and streams have legal support.

I mean bitcoin is already legal without having passport and stuff like that connected to it, in my opinion bitcoin is really strong and in the future it is going to become only stronger with the adoption of the people, consequently the price is going to grow rapidly.

As the value of bitcoin will rapidly increase, the government is also doing their move to be more strict in monitoring transaction to prevent illegal activities in relation to anti money laundering. Banks in the future will be the exchanges and as banks norms, we will also have to comply with the KYC policy and our information is now open which the government can access.

However, it's still safe as we have control with our bitcoin as long as we will not cash it out yet.

fravia

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Quote from: kreskko on February 21, 2017, 04:44:17 PM

If it were possible to link bitcoin wallet for my passport data, I would be able to control your finances and streams have legal support.

I mean bitcoin is already legal without having passport and stuff like that connected to it, in my opinion bitcoin is really strong and in the future it is going to become only stronger with the adoption of the people, consequently the price is going to grow rapidly.

kreskko

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If it were possible to link bitcoin wallet for my passport data, I would be able to control your finances and streams have legal support.

kwuccduck

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Quote from: neonshium on February 13, 2017, 09:22:19 AM

Quote from: E-shipper on February 13, 2017, 02:48:32 AM

I personally do not have enough confidence that I will be able to protect all of their savings. If all of a sudden, my bitcoin, which are stored in the wallet site, in case I visited can not compensate for the losses. Therefore, users need legal support. Then the force will bitcoin users in tranquility.

of course it is a very much needed thing for bitcoin. only this thing is missing of bitcoin. we don't have much legal and government support. if our bitcoin get hacked or stolen we cannot do anything about it because government itself have not trust and any law about bitcoin. that is sad part of bitcoin.

Perhaps the statement on the establishment of bitcoin bank will make the legal security of their savings opportunities on purses. It is even possible insurance bitcoin will be the best choice.

dimonchik13

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Quote from: boybugs18 on February 13, 2017, 01:58:03 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

you cant 100% predict gambling bets as every game is different and they need to play first before they win and many result will come when they play , I think you can just increase your chances by researching who will play but not entirely you can predict who will surely win. As of military grade wallet security it is still not on that level and the chance of hacking increase when you save information inside your gadget.

I'm still a little vague idea of the benefits bitcoin, but understand one thing clearly that by using it, I have quite a good income, which helps me very much.

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