how strong is bitcoin really? - page 53.

eddyubachs

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Quote from: BTCLovingDude on September 09, 2016, 10:32:05 AM

Quote from: iqlimasyadiqa on September 09, 2016, 10:17:50 AM

Quote from: ekoice on September 08, 2016, 03:23:11 PM

The bitcoin process is designed in such a blockchain mechanism which makes it more stronger. thats why bitcoin still survives after seven years.

it absolutely right. but today many affected wallet hack, we must remain vigilant. even some time ago a great exchange that strength is great can be broken easily. lost bitcoin then make bitcoin prices fall.

none of these has anything to do with bitcoin and its security.

these are all the mistakes that people make, even that exchange that was hacked and lost 120KBTC has lost those coins because of their own mistakes of not using a proper cold storage for this kind of amount.

Yeah people loose their coins with their own mistakes, if they would have withdrawed their profits regularly then the percentage of loss would be lower.

BTCLovingDude

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BTC to the moon is inevitable...

Quote from: iqlimasyadiqa on September 09, 2016, 10:17:50 AM

Quote from: ekoice on September 08, 2016, 03:23:11 PM

The bitcoin process is designed in such a blockchain mechanism which makes it more stronger. thats why bitcoin still survives after seven years.

it absolutely right. but today many affected wallet hack, we must remain vigilant. even some time ago a great exchange that strength is great can be broken easily. lost bitcoin then make bitcoin prices fall.

none of these has anything to do with bitcoin and its security.

these are all the mistakes that people make, even that exchange that was hacked and lost 120KBTC has lost those coins because of their own mistakes of not using a proper cold storage for this kind of amount.

iqlimasyadiqa

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Quote from: ekoice on September 08, 2016, 03:23:11 PM

The bitcoin process is designed in such a blockchain mechanism which makes it more stronger. thats why bitcoin still survives after seven years.

it absolutely right. but today many affected wallet hack, we must remain vigilant. even some time ago a great exchange that strength is great can be broken easily. lost bitcoin then make bitcoin prices fall.

DashCoinDark

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Quote from: ironm@n on September 09, 2016, 10:11:27 AM

With the latest technologies appearing, I would say Bitcoin has a great, great potential. I only wish everywhere around the world you could pay with Bitcoin and see "Bitcoin Accepted Here" signs like there are with PayPal or Visa. It's becoming stronger and stronger because people keep coming into this business so we're building right now a huge community.

The bitcoin has a great future and a lot of people are already involved due to this I really think the bitcoin is very strong but of course its still has to prove itself.
It has to be real currency soon or later and than we can say it was very strong!

ironm@n

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With the latest technologies appearing, I would say Bitcoin has a great, great potential. I only wish everywhere around the world you could pay with Bitcoin and see "Bitcoin Accepted Here" signs like there are with PayPal or Visa. It's becoming stronger and stronger because people keep coming into this business so we're building right now a huge community.

Rahar02

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Quote from: drwtsn32 on September 08, 2016, 10:16:14 AM

Quote from: mishra1994 on September 07, 2016, 09:13:09 AM

I would say bitcoin has been really very strong in the last one year or so.Now we see bitcoin being accepted as a means of payment in most of the online shopping or exchange sites.Like we seen in neteller we can now deposit with bitcoins,and now can also exchange with other currencies as well.

In short, we get stronger the more people use it. Because the more the customers, the more the shops and the more the shops, the wider the market and the wider the market, well, you know what that means.

It will become more strong in numbers, more people use it, the price should increase and more stable. Massive adopt will bring a good foundation for bitcoin, even now we can speculate not many people know about it but bitcoin already has strong base and keep rise again after it fall.

Sir Alpha_goy

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At the moment Bitcoin is not as strong as people think.

If the wallets go offline it is over.

If the exchanges continue to get hacked it's over

If any of the fiats strengthen it is over.

If the huge mining farms go offline it is over.

If the governments release their own "Bitcoin" it is over.

CloudStrife

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We know bitcoin is really strong and all the wallets that we know have military grade security, but one of my stupid friend today said that maybe someone could hack it with just a calculator, and said that's because with math and correct formulas would be possible to even predict gambling bets if that is possible then maybe there is any chance of this, but I personally think that's very unlikely to really happen.

ekoice

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The bitcoin process is designed in such a blockchain mechanism which makes it more stronger. thats why bitcoin still survives after seven years.

Supercrypt

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Quote from: pereira4 on September 08, 2016, 09:45:53 AM

Bitcoin is the strongest network on the planet. It is backed by the biggest amount of computing power ever seen on the entire history of humanity, and this is not an exaggeration, this is an actual fact.

I haven't seen just how powerful bitcoin exactly is, but what I do know is that bitcoin is run with the best miners out there hundreds of thousands of hashing rate provided just for securing bitcoin network as well for mining bitcoins. Decentralized mining power will ensure the strength of bitcoin system to stay always strong.

hinatashoyou

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Quote from: shield132 on September 08, 2016, 01:39:54 PM

Quote from: jak3 on September 08, 2016, 01:18:30 PM

Bitcoin network is impossible to get hacked because it uses the most protective encryption of this century which is not impossible to crack but its worthless trying it because it will consume a lot lot of resources and then also it will depend on your luck

There is nothing impossible and bitcoin is nothing to compare any other systems that was hacked. Bitcoin is made by human so it will be hacked by human and everything has it's own weak point.

And people, why are do you compare bitcoin and paypal? Paypal's function is to deal issues between seller and buyer and for this task, we need to know who is sender and who is receiver, with bitcoin it's really hard to find. That's why paypal will be main payment in online stores but for small thing, bitcoin is good alternative of fast payment.

true, nothing is impossible and nothing can not be hacked during the man-made there must be weaknesses

PsursV

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Quote from: n691309 on September 08, 2016, 10:21:29 AM

I think that bitcoin is strong but the price crashes when the popular exchanges get hacked or a lot of bitcoin get stolen. After a while we will see that more bitcoin will be destroyed/burned and the bitcoin price will increase but in general bitcoin is innovative and the community will not let it die.

yes it is a fact, to me bitcoin is one of the most stable and strong crypto currency of the world and it is going more stable as more and more people are entering in the world of bitcoin and they are investing their assets here which is making bitcoin more a more stable.

shield132

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Metawin.com - Truly the best casino ever

Quote from: jak3 on September 08, 2016, 01:18:30 PM

Bitcoin network is impossible to get hacked because it uses the most protective encryption of this century which is not impossible to crack but its worthless trying it because it will consume a lot lot of resources and then also it will depend on your luck

There is nothing impossible and bitcoin is nothing to compare any other systems that was hacked. Bitcoin is made by human so it will be hacked by human and everything has it's own weak point.

And people, why are do you compare bitcoin and paypal? Paypal's function is to deal issues between seller and buyer and for this task, we need to know who is sender and who is receiver, with bitcoin it's really hard to find. That's why paypal will be main payment in online stores but for small thing, bitcoin is good alternative of fast payment.

jak3

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Bitcoin network is impossible to get hacked because it uses the most protective encryption of this century which is not impossible to crack but its worthless trying it because it will consume a lot lot of resources and then also it will depend on your luck

Crypt0kn1ght

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if that stuff your friend told you was true bitcoin would have been already hacked. Anyone wants free money, and some of them know mats and formulas and sure they have calculators )

rio3233

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Quote from: n691309 on September 08, 2016, 10:21:29 AM

I think that bitcoin is strong but the price crashes when the popular exchanges get hacked or a lot of bitcoin get stolen. After a while we will see that more bitcoin will be destroyed/burned and the bitcoin price will increase but in general bitcoin is innovative and the community will not let it die.

Yeah, bitcoins is going down if a negative news about bitcoin appear like bitfinex hack and many else. But, bitcoin is strong and make the price of bitcoin become normal again. I think bitcoin is very strong.

n691309

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I think that bitcoin is strong but the price crashes when the popular exchanges get hacked or a lot of bitcoin get stolen. After a while we will see that more bitcoin will be destroyed/burned and the bitcoin price will increase but in general bitcoin is innovative and the community will not let it die.

drwtsn32

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Quote from: mishra1994 on September 07, 2016, 09:13:09 AM

I would say bitcoin has been really very strong in the last one year or so.Now we see bitcoin being accepted as a means of payment in most of the online shopping or exchange sites.Like we seen in neteller we can now deposit with bitcoins,and now can also exchange with other currencies as well.

In short, we get stronger the more people use it. Because the more the customers, the more the shops and the more the shops, the wider the market and the wider the market, well, you know what that means.

Daniel91

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I think that Bitcoin is very strong at the moment and I predict that BTC will be even much more stronger in the near future.
Bitcoin already have a lot users in almost any country in the world.
Many merchants, offline and online, accepts Bitcoin.
I heard news that even big and important banks and financial institutions talking about Bitcoin and thinking how to adopt it.
I'm sure that very soon Bitcoin will become most popular online payment option, more popular than Paypal.
Very soon we will become mainstream!

PokerFace3

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Quote from: prtty2gal2 on September 07, 2016, 03:23:04 AM

Yes, bitcoin is more stronger when you are considering it against bank system. What the practice we are following are right now is not at all protected or guaranteed for our ownership of our own wealth. We are still having only partial ownership with the money what we have in our bank. Bitcoin esrases this tradition and giving us full freedom and authority with our own wealth.

Very owning our wealth must be a one of the strongest concept of bitcoin ecosystem. Other than this, freedom from any regulations also could be considered as strongest concept of bitcoin. The value appreciation indicates another strongest pillar of bitcoin to serve the human race.

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