Is Bitcoin really secure? - page 72.

Mr.Smithers

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Quote from: Aveatrex on August 16, 2017, 09:27:57 PM

Hello pals,
Recently I introduced Bitcoin and cryptocurrency to my friends and family,they liked the concept but they asked me a question that I wasn't able to answer.Is Bitcoin really secure?What if a hacker was able to hack Bitcoin system/blockchain?Who manages Bitcoin security and what are the security measures taken to avoid hackers being able to steal Bitcoins?Why Bitcoin is not blocked for those who use it illegally by buying/selling in the deepweb market?What if governements ban Bitcoin because of these people?
I really appreciate if you guys give me some answers

Sure that there MIGHT be some backdoor hidden in bitcoin protocol, a few years ago there was news about NSA introducing backdoor to some cryptographic algorithms related to pseudorandom number generator. In theory that could lead to breaking of bitcoin protocol, but there are so many security experts working on blockchain and bitcoin. They check the impact of all such news and possibilities. The code is open source and everybody can check it themselves. So I wouldn't think the danger is real.

The real danger is disclosing your private keys because of the human error or the hack of your machine, so I recommend buying and using a secure hardware wallet.

AlexanderAnthony

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As a newbie I also really wanted to know that if bitcoin are really secure like if my money can be transfer to other accounts if ever or just to say when I start earning. Because in some thread I read that there is no one controlled the bitcoin.

Ellapots1234

newbie

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Quote from: _MrTuyul404 on August 16, 2017, 09:39:50 PM

Yes bitcoin is really secure. no one can steal bitcoin, except for our own carelessness.

The government can not be that easy to ban bitcoin transactions, because bitcoin is the future.

In the eyes of those who knows it, knows it secure. Because theyre using it. others dont think its
secure because they think that t is illegal and it is not govern by a government so who would trust this?
most of the people are not sure if its secure because it is not yet known.

_noname_

sr. member

Activity: 448

Merit: 250

as everything occurring with bitcoin is genuinely reliant on the web network there are odds of being getting hacked. In the past there are a few security concerns with respect to the security of the bitcoin holding. Presently this has been made more secure with a few highlights and distinctive sorts of wallet accessibility and functionalities

kram31

full member

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bitcoin is secure and good to have as long as you are not sharing your private keys and password !
bitcoin thing is a superb investments! every people whose holding bitcoin are really happy now and having their profit on their hands now ! its been just a short months since bitcoin really a huge step made in the market !

Azerial

newbie

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Quote from: _MrTuyul404 on August 16, 2017, 09:39:50 PM

Yes bitcoin is really secure. no one can steal bitcoin, except for our own carelessness.

The government can not be that easy to ban bitcoin transactions, because bitcoin is the future.

What do u mean that bitcoin is the future?

yourialfa

sr. member

Activity: 339

Merit: 250

Bitcoin is completely safe. I've never lost my bitcoin. I think it's pretty safe. Are you hesitant to store bitcoin? Do not hesitate because bitcoin wallet is quite safe. If you do not make mistakes I think it will continue to be safe.

NeoTech42

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Bitcoin is truly secure but it's rather on platform exchanges where the risk of being hacked exists !

P60

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Quote from: WarCruz on December 06, 2017, 06:18:41 PM

So far bitcoin is very secure, but the weakness is the user. so stay safe crazy kids

Indeed, Bitcoin is secure and safe but the security of your wallet is prone to be hacked. Your wallet's security is depends on you, if you don't want it to be hacked, do everything that you can do to make it more secure. Don't leave it open to other's phone and don't tell your password to anyone.

saifanik

jr. member

Activity: 147

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Absolutely, Bitcoin is secure. Someone still can't hack Bitcoin.Bitcoin allows you to be in control your money. If Bitcoin used in legal way, then it can provide very great levels of security. So,it can be said that from the other ways Bitcoin is most secure

boddy.dy

member

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This is a big question for all of us. We may have different comment with this but is it really secure? For me as long as it is in the web it is not fully secure, In this very moment we can say that it is still secure because its functioning well. But we all know that many people are jealous with bitcoin. They are doing their best to destroy or put down bitcoin and create a new one that will be run by them. If we want bitcoin to be secured we need to encourage the jealous people to stop their bad ideas and just join with us.

xDsoGood

member

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The security is safe as possible unless some careless users. First you must protect your bitcoin wallet, because bitcoin is unhackable but your wallet is not safe it may be hack by professionals

dupee419

sr. member

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It's been 8 years and no one is success to hack this site right? If you have a account in this forum you should keep your password and do not let the other know your passwords even your online walllet account for me bitcoin is very secure and you can't hack it but i know the online wallet can hack but it's hard to do if you signing up your account make sure that you're the only one will see the password

WarCruz

newbie

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So far bitcoin is very secure, but the weakness is the user. so stay safe crazy kids

muhipul

newbie

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Ya, bitcoin sangat aman, jika tidak aman itu merupakan kesalahan anda tidak pintar pintar menyimpan sandi anda,

mornabo

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Quote from: Hanablue on December 06, 2017, 10:00:12 AM

Bitcoin is safe and secure as long as you keep it safe. If you are new to bitcoin then before saving it you need to learn how to protect your wallet.

yeah I think you should read how to secure your bitcoin in your wallet to be safe, perhaps by adding authentication or verification before logging in to your account, try to use that, I myself for 4 years using bitcoin has never been stolen and it proves that bitcoin is safe then read some articles to secure your bitcoin dude,,

Casey7

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Quote from: Hanablue on December 06, 2017, 10:00:12 AM

Bitcoin is safe and secure as long as you keep it safe. If you are new to bitcoin then before saving it you need to learn how to protect your wallet.

Yes, secure your wallet with many ways. Bitcoin is unhackable but wallet is hackable. Be careful
First thing is very important in my opinion is always check the website you visit. Make sure you type is better rather than you from somewhere like email or maybe slack. Or you can bookmark it. Anytime you go to wallet you click on bookmark. So thats first step to be secure.

Alfinopogi

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Yes because bitcoin transfers are irreversible, so those who inadvertently enter an extra digit when trying to pay for something are out of luck. Finally, users need a private key to access their bitcoins, and that key operates like a password that cannot be reset. If the private key is lost or stolen, so are the bitcoins that go with it.

Christian13

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Quote from: Aveatrex on August 16, 2017, 09:27:57 PM

Hello pals,
Recently I introduced Bitcoin and cryptocurrency to my friends and family,they liked the concept but they asked me a question that I wasn't able to answer.Is Bitcoin really secure?What if a hacker was able to hack Bitcoin system/blockchain?Who manages Bitcoin security and what are the security measures taken to avoid hackers being able to steal Bitcoins?Why Bitcoin is not blocked for those who use it illegally by buying/selling in the deepweb market?What if governements ban Bitcoin because of these people?
I really appreciate if you guys give me some answers

for me yes because Like in real life, your wallet must be secured. Bitcoin makes it possible to transfer value anywhere in a very easy way and it allows you to be in control of your money. Such great features also come with great security concerns. At the same time, Bitcoin can provide very high levels of security if used correctly. Always remember that it is your responsibility to adopt good practices in order to protect your money.

bribed

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As far as I know Bitcoin and the blockchain in general is secure for now, because there is not enough computing power to break the encryption. This could change in the future with quantum computing, but for now, its secure. There are a lot of people (smart mathematicians and physicians) in the field of encryption researching this technology and trying to break the encryption somehow, but so far noone succeeded.

Another aspect of security are the safety measures that one has to do to protect his private key. If this gets in the wrong hands, its all over, because then there is no encryption anymore.

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