Topic: Is Bitcoin Hackable? - page 29. (Read 4116 times)

In my own opinion, i think there are some hackers who can hack bitcoin easily but if you have a good security in your software maybe they cannot hack it, and aother way some hackers could hack your account is by making some fake websites and fake wallets that will result as a virus. Don't you worry many people says that there are less chance that you can be hack by hackers.

you don't really need to be an expert to know this and you certainly don't need to read anything technical to know it either. you just have to look at what has happened so far..
bitcoin was not created yesterday like an altcoin, it has been around for many years and all these years it was worth a lot of money in total, and that is enough incentive for hackers to try to hack it day and night.
and as you can see they have been failing so far.

I didn't heard any news or some complains that bitcoin system was hacked though bugs from the system is in it I supposed, and for over 8 years even though it was an open-source kind of software it was never happen. I think you should know that the system is not hackable but the wallets that where you put your coins is the vulnerable one and does really prone on some hacking activities. So be sure to secure your private keys on fraudulent people that might interest for it, especially if you own lot of bitcoin.

At the beginning maybe there was a time where you could have hacked Bitcoin by gaining a majority of the hashpower and starting another forkcoin with majority PoW, but not now there is too much to be changed.

Bitcoin is hackable as far as your private key or wallet identifier is accessible. just make sure you safe guide your wallet. But if you mean hacking the entire blockchain, the possibility is very thin because the developers are not sleeping.

probably not easy to hack the bitcoin depending just on how he kept his account sometimes there was an incident that the private key was given instead of public key address.

If you are storing the private key on any computer then you should assume it's compromised too. Bitcoin encryption is hackable it would just take a few hundred years per key to break. bitcoin was hacked when it first started where the hacker duplicated coins

for a clever hacker everything in online is nothing for him.if someone gave accidently his private key,there is nothing to do. private keys are a random number in an unbelievably huge range, so it is hard to guess praivate keys

Bitcoin is  a cryptocurrency it is processed in online only. So we only careful to save the money. First we must protect our mail id and wallet address. Many hackers are randomly choose the bitcoin address. Once confirm the decision in valid account. Hackers are easily hacking the all the currency. This is major issues in the Bitcoin thread.

Anything is hackable is just about having the necessary skills for it

Theoretically you can hack everything, but the cost of such hacking will be higher than the number of coins available to you will get. Everyone who loses their coins themselves are to blame for that neglect their security. 90% of the blame in the hacking of the purse lies with the owner. Always need to remember that.

Bitcoin's code was so thoroughly tested that a bug in open SSL was uncovered. This is a good example of how much goes into checking and pen testing bitcoin code. Look into it. Nobody has managed to break bitcoin so far. That is only applicable to the Core channel OFC.

Nothing is impossible for a good hacker if you don't  have a good protection system in your software. Hackers live though the net if there are any open routes they can get they will possibly get access to it though a variety of ways like clicking an advertisments which results to virus and possible access of hacker to your computer.

yes all things on internet is hackable, from website, account, bitcoin, and many other. but until right now i never hear that hacker can hack bitcoin and send all bitcoin into their account, because in bitcoin we use blockchain platform, i hear that blockchain platform is like a gate, every 10 minutes a new gate is created, so hacker need 10 minutes for hack our bitcoin if they fail a new gate is created after a previous gate

Bitcoin private key is really hard or we can say impossible to hack but the wallet can be hacked if they security measures are not set if the user has weak password and has not enabled all other security features, but Bitcoin it self is unhackable. We have not seen any case in which Bitcoins are hacked.

Everything on the internet is hackable, but the question is , will it be easy, I am sure bitcoin should be hackable but wont be that easy.. Minor hacks like targeting a person and stealing his private keys should be the easiest but hacking the network .. thats a story for another time

Bitcoins is very very difficult to be hacked if ever. Because of the number numbers in each account that you need to arrange before you can hacked it.

Based on my own opinion all internet related programs or applications or even sites are hackable but  for me bitcoin is very difficult to hack.

All internet related accounts can be hacked by hackers because they will find more technique to stole your account money and other important things you have.

“Bitcoin itself, and most of the other cryptocurrencies, have never been hacked or even really had any downtime,” said Chris Wilmer, an assistant professor at the University of Pittsburgh and the founder of Ledger, an academic journal covering the blockchain technology at the heart of Bitcoin.
There is one type of attack that could affect the bitcoin network: the 51 percent attack, which is widely considered to be bitcoin’s greatest inherent flaw. Because it is decentralized, bitcoin is vulnerable if any one player or cartel gains control of 51 percent of the computing power of all miners. This would allow them to stop transactions and reverse transactions, which would throw the network into chaos. In the past, at least one group has achieved control of 50 percent of the network. However, the more people using bitcoin, the safer it is — and more people are using bitcoin now than ever. It’s difficult to get an accurate count of how many users bitcoin has, but the estimates are in the millions.
Where Bitcoin becomes truly insecure is when other technology starts to get involved. Bitcoin was conceived as a “trustless” system; you don’t have to trust any centralized party in order to use your money, because transactions are facilitated by other members of the network. In reality, bitcoin is too complicated for most people to use without mediators such as apps, wallets, and other digital currency services. The biggest need is for third party exchanges, which are sites where bitcoin is bought and sold for other currencies. All these third party services are only as safe as their own security. Mt. Gox, arguably the most famous example of an exchange going belly up, filed for bankruptcy in early 2014 after around 850,000 bitcoins went missing.
Bitcoin is still largely unregulated, which means your money isn’t insured and there is often no accountability for exchanges. So while bitcoin tech itself remains unhacked, the methods used to collect, buy, and sell remain as potential attack vectors.
The biggest threat to Bitcoin, then?
“It’s people,” said Simon Bain, CEO of BOHH Labs, a cybersecurity startup focused on banking. “It’s always been people, and it always will be people. There are good people, and there are not-so-good people, and those not-so-good people want to grab hold of your information. If you leave that information in the hands of let’s say, seven miners, then at some point those not-so-good people are going to go to one of those miners, and that miner is going to be exploited — whether they know it or not.”