Is Bitcoin really unbreakable? - page 2.

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Quote from: buyinbtc on August 22, 2016, 01:42:31 PM

bitcoin can come down only because of two things, either satoshi has to start selling his coins

Why's that a terminal problem? The price would take an enormous beating but it would also clear up one of the things that lesser minded people believe hangs over Bitcoin and terrifies all of us to tears when we're alone in bed at night.

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i really dont think so nothing is unbreakable think about it

calkob

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In my opinion i would be detrimental to any of the main stakeholders of bitcoin to force through a chance in the protocal, it could cause a split and would lead effects from which bitcoin would never recover, a high level of consensus is always better

Yakamoto

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Quote from: bitsoldiers on August 22, 2016, 03:04:13 PM

yes it is..because of its consistent stability

I wouldn't call it stability, but it definitely has resilience. The community has been strong for a long time and there are always people showing up yo keep it alive, and it is probably far more rare to see a point where Bitcoin isn't being actively talked about or bought within the community. I know that's a pretty biased sample, but it is relatively accurate.

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yes it is..because of its consistent stability

coinoclock

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let us say that the internet is down for 24 hours everywhere. i guess bitcoin could without problem start running again after the break.

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Quote from: goinmerry on August 22, 2016, 11:09:24 AM

Since it is in the world wide web then it is breakable. I think someone must have seen it but wont do it with the fact that he could get arrested anytime or might be even put to death. So much money is being talked here so it cannot be done by a single individual who knows the risks of breaking it.

it is definitely not breakable, bitcoin can come down only because of two things, either satoshi has to start selling his coins or internet has to disappear

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Since it is in the world wide web then it is breakable. I think someone must have seen it but wont do it with the fact that he could get arrested anytime or might be even put to death. So much money is being talked here so it cannot be done by a single individual who knows the risks of breaking it.

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The fact that it has been opensource and received numerous attacks over the last 7 years without being compromised is encouraging. What I am most comforted by is that the core devs are so conservative that they will protect immutability above all else which is good for the security design.

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Quote from: Blitzboy on August 21, 2016, 07:17:53 PM

Quote from: shinratensei_ on August 21, 2016, 07:05:27 PM

Quote from: Superways on August 21, 2016, 04:34:16 PM

I think bitcoin is now really unbreakable, it has got a firmed base in global market and each day one after another company adopt it for their business especially online business which are adopting bitcoin much faster, and in return giving a more strength to bitcoin and its community.

You just implementing the energy of bitcoin in this time but I never believe there are an anything is real, can't getting unbreakable at this time because all of that is always having a weakness in themselves. bitcoin can be breakable?it's possible.

You have a point but for now its impossible that bitcoin can be breakable maybe in the future if they seen the weakness of bitcoin..
For now bitcoin is growing and looks growing stronger than before many stores online are accepting it and developers of bitcoin will stay develop it..

Yeah I agree with you, because the current bitcoin is becoming a thing that can not be destroyed. But the possibility is always there in my opinion, because out there bitcoin has many enemies who are ready to knock down bitcoin when there is a gap. But I think it will not happen any time soon because I do not want that to happen. IMO

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Quote from: shinratensei_ on August 21, 2016, 07:05:27 PM

Quote from: Superways on August 21, 2016, 04:34:16 PM

I think bitcoin is now really unbreakable, it has got a firmed base in global market and each day one after another company adopt it for their business especially online business which are adopting bitcoin much faster, and in return giving a more strength to bitcoin and its community.

You just implementing the energy of bitcoin in this time but I never believe there are an anything is real, can't getting unbreakable at this time because all of that is always having a weakness in themselves. bitcoin can be breakable?it's possible.

You have a point but for now its impossible that bitcoin can be breakable maybe in the future if they seen the weakness of bitcoin..
For now bitcoin is growing and looks growing stronger than before many stores online are accepting it and developers of bitcoin will stay develop it..

shinratensei_

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Quote from: Superways on August 21, 2016, 04:34:16 PM

I think bitcoin is now really unbreakable, it has got a firmed base in global market and each day one after another company adopt it for their business especially online business which are adopting bitcoin much faster, and in return giving a more strength to bitcoin and its community.

You just implementing the energy of bitcoin in this time but I never believe there are an anything is real, can't getting unbreakable at this time because all of that is always having a weakness in themselves. bitcoin can be breakable?it's possible.

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Quote from: Superways on August 21, 2016, 04:34:16 PM

I think bitcoin is now really unbreakable, it has got a firmed base in global market and each day one after another company adopt it for their business especially online business which are adopting bitcoin much faster, and in return giving a more strength to bitcoin and its community.

That is true about bitcoin it is now a strong cypto currency and it is going to build better business transactions in the future. And if more investors are going to trust it then for sure they are going to rely on it. Not just investors but big companies like gaming platform companies then that is going to have big impact with bitcoin.

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I think bitcoin is now really unbreakable, it has got a firmed base in global market and each day one after another company adopt it for their business especially online business which are adopting bitcoin much faster, and in return giving a more strength to bitcoin and its community.

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Quote from: jeffthebaker on July 05, 2015, 01:41:35 AM

Quote from: randy8777 on July 04, 2015, 09:06:54 PM

Quote from: jeffthebaker on July 04, 2015, 06:40:52 PM

Nothing is permanent. It is very possible that something pops up down the road that will overtake Bitcoin. As of now there is no competition, but a superior cryptocurrency could gain massive popularity at some point down the road and make BTC obsolete.

I dont think it would going to happen because people will not dump their bitcois easily and all other cryptos to date are so bitcoin dependent that if bitcoin die,they will also die

well, the beauty of bitcoin is that it is opensource. we don't need to worry about another digital currency taking over bitcoin's place. bitcoin can get much better for global usage slowly once the need is there.

Bitcoin has a huge edge over all other cryptocurrencies due to its popularity, but if 20 or 30 years down the road the entire world is using digital currencies, it is very possible that something more optimal is released that takes Bitcoin's spot as the crypto king.

I dont think it would going to happen because people will not dump their bitcois easily and all other cryptos to date are so bitcoin dependent that if bitcoin die,they will also die

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Quote from: richardsNY on August 21, 2016, 03:29:36 PM

Quote from: bitbunnny on August 21, 2016, 02:58:47 PM

Nothing is unbreakable, sow isn't the Bitcoin. There are always security issues that can't be avoided.

Security issues? If this was the case, then it would have already been used by hackers. Bitcoin as it is, is solid to its core. At this point the security issues are coming from people not being careful with installing clients. It sounds dumb, but some people just download and install anything. In short; People are wrong, Bitcoin not.

The security issues will really happen if the core wont think into some solution to keep the hash and miners making the protection around bitcoin, at the moment the hash protects bitcoin, but its because miners are active at 2100 something will change, when the last bitcoin should be mined. Sure some people dont read or take care about where the client camed and install it. Till the moment bitcoin hasnt nothing to anyone find or search or take advantage, bitcoin looks unbreakable.

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Quote from: bitbunnny on August 21, 2016, 02:58:47 PM

Nothing is unbreakable, sow isn't the Bitcoin. There are always security issues that can't be avoided.

Security issues? If this was the case, then it would have already been used by hackers. Bitcoin as it is, is solid to its core. At this point the security issues are coming from people not being careful with installing clients. It sounds dumb, but some people just download and install anything. In short; People are wrong, Bitcoin not.

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Nothing is unbreakable, sow isn't the Bitcoin. There are always security issues that can't be avoided.

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Quote from: q835197677 on August 20, 2016, 08:58:30 AM

My friend, well, the problem is very embarrassing, such as in China, the trend of bitcoin and security may often be controlled by the government, at least I think so, the details of the reference price in 2013, the price surge. Yes, bitcoin is a symbol of freedom, but the thorough to the center of the often does not have any government like. I think, this may affect the development of bitcoin.
I think in the case of ninety-nine percent, bitcoin does not appear big problem, it may be split this situation will occur, but it is often affected by the shinaxie！！！！！！！

The center of it does not have government?
That's exactly what bitcoin is supposed to be since it should be decentralized.
You should first study what bitcoin is so you can know what bitcoin is, and it's security features.
Simply speaking, bitcoin as of right now isn't breachable since every confirmed transaction is recorded in and can be seen publicly.

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Quote from: mikehersh2 on August 20, 2016, 12:23:53 PM

it is very possible for bitcoin to "disappear". Nothing is impossible, and i wouldn't count that your earnings of bitcoin are invincible, how ever, there is the chance that it one day rises to power as a mainstream currency.

Bitcoin will be never currency and your right bitcoin will not disappear but we dont know what will happen in bitcoin since bitcoin is starting to grow and grow more.. and many stores right now are accepting bitcoin.. also here in my country we have ATM machine for bitcoin but they are just 2 atm..
So bitcoin will still live long.

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