Belief in bitcoin from it's user base is it's strongest commodity I would say at this point.
Topic: Is Bitcoin really unbreakable? - page 3. (Read 5559 times)
Not really unbreakable but it is resilient to what other markets have encountered and failed to do.
Belief in bitcoin from it's user base is it's strongest commodity I would say at this point.
Belief in bitcoin from it's user base is it's strongest commodity I would say at this point.
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.
I doubt it could be broken or banned etc... Bitcoin is a good system and the fact it survived even with this media attention and thousands of hackers trying to find exploits in it shows it's a working system. I don't see people leaving it and it losing exchange value as well.
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！！！！！！！
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！！！！！！！
Bitcoin already proved its strength and potential as this is one of highest market exchange value in fiat currency. its just because of Blockchain. Bitcoin is decentralized open source digital currency. No one controls it.
As bitcoin is peer to peer currency, n number of people can become a part of network. And bitcoin itself has a protocol. These are some important reasons for bitcoin unbreakability.
The coin itself may be unbreakable, but what if a new and better coin came out and Bitcoin was abandoned? As bitcoin is peer to peer currency, n number of people can become a part of network. And bitcoin itself has a protocol. These are some important reasons for bitcoin unbreakability.
I'd consider it 'broken' then, even if its standard protocols still worked perfectly fine. Nobody can predict the future, but my best guess is that there'll be many more BIPs in the future that help lengthen the lifespan of Bitcoin.
It's not, no coin is, but it is really strong.
bitcoin is unbreakable and the titanic was unsinkable. there is never a 100% protection, but there is usually a good enough protection which most people will accept as they believe it is safe enough. nuclear power plants is such an example. with bitcoin there is an amount you have to pay to manipulate/destroy it, which is even not certain that it would succeed. some hundred millions if i remember correctly, but i am far from sure on this one.
It's not, no coin is, but it is really strong.
For now yes it is unbreakable , but we don't really know what will happen in the future of bitcoin, maybe in other next year bitcoin still unbreakable or vice versa would happen ,but I still believe in bitcoin what ever is happen.
you are that bitcoin is unbreakable , and i hope so that bitcoin get more stronger than currencies and maximum people invest their in bitcoin then bitcoin get more powerful and more people know about bitcoin and about its benefit .
Bitcoin already proved its strength and potential as this is one of highest market exchange value in fiat currency. its just because of Blockchain. Bitcoin is decentralized open source digital currency. No one controls it.
As bitcoin is peer to peer currency, n number of people can become a part of network. And bitcoin itself has a protocol. These are some important reasons for bitcoin unbreakability.
As bitcoin is peer to peer currency, n number of people can become a part of network. And bitcoin itself has a protocol. These are some important reasons for bitcoin unbreakability.
I think that it's very hard to hack bitcoin wallet but anyway very often people losing theri bitcoins by scams of criminals or when they are not attentive, etc.
Hacking is rather easy with trojans and wallet rippers.
That's why you should protect your wallet with a very difficult passphrase and make sure not to store this passphrase on the same pc. Else you make it very easy for hackers to get your money.
I think that it's very hard to hack bitcoin wallet but anyway very often people losing theri bitcoins by scams of criminals or when they are not attentive, etc.
For now yes it is unbreakable , but we don't really know what will happen in the future of bitcoin, maybe in other next year bitcoin still unbreakable or vice versa would happen ,but I still believe in bitcoin what ever is happen.
you are that bitcoin is unbreakable , and i hope so that bitcoin get more stronger than currencies and maximum people invest their in bitcoin then bitcoin get more powerful and more people know about bitcoin and about its benefit .
All of the cryptography used in Bitcoin today will be broken in our lifetime (30-40 years). The hashing algorithms by nature are much more resistant to quantum computing but ECC is very easy (math based security) to crack. They should have plans for "post quantum computing". Proof-of-Work will be completely deprecated due to the security risks involved as a result, so Bitcoin has at most 30 to 40 years of PoW mining left before it must switch to a quantum resistant architecture. In theory a quantum computer could process all 4,294,967,295 (32-bit max) possible nonce's in a single pass (about one second).
NSA is already moving away from ECC: https://www.schneier.com/blog/archives/2015/08/nsa_plans_for_a.html
NSA is already moving away from ECC: https://www.schneier.com/blog/archives/2015/08/nsa_plans_for_a.html
I think btc is unbreakable throughout its nature. Just like PGP keys
For now yes it is unbreakable , but we don't really know what will happen in the future of bitcoin, maybe in other next year bitcoin still unbreakable or vice versa would happen ,but I still believe in bitcoin what ever is happen.
Everybody says Bitcoin is unbreakable, set in stone, yadda yadda yadda. But it seems to me that this is not necessarily the case. Anything about bitcoin, including the amounts generated, method of transferring coins, size of blocks, time to mine blocks, etc. can be changed by changing the software, and in particular the reference client since so many miners use that. Really, if 51% of the bitcoin mining community agrees on a change and implements it, that blockchain will win out over time. So it's more of a democratizing of fiat rather than an unbreakable currency.
There have certainly been times in our history, even in the recent past, in which the country at large (US) has voted for a Keynesian monetary policy. Isn't it possible, even likely, that at some time in the future a majority of miners would simply implement software changes to increase the amount of bitcoins generated? The incentive to do so is rather large, is it not? Thoughts?
There have certainly been times in our history, even in the recent past, in which the country at large (US) has voted for a Keynesian monetary policy. Isn't it possible, even likely, that at some time in the future a majority of miners would simply implement software changes to increase the amount of bitcoins generated? The incentive to do so is rather large, is it not? Thoughts?
This is a broad cryptocurrency nowadays and yet the top 1 cryptocurrency online. So I guess as of now, it is still unbreakable. And also, because of the members who are still using BTC, then this will be a big deal to the society. Maybe years from now, BTC value will be reduced. And so, this will be the breakdown of the BTC. There is no permanent in this world except CHANGE. BTC value may be vary. Who knows ? But as I mentioned earlier, BTC is still unbreakable but who knows when do it end ? Who knows where do it end ? They say 21 Million BTC is the maximum capacity. And yet we are on 75% on it. So there is a chance that BTC will break soon. Who knows when..
yes i hope so. the reason is that the popularity of the bitoicn is increasing day by day and there is not doubt this. people are entering in the world of bitcoin. they have trusted on bitoicn.
yes its true bitcoin get increasing popularity day to day and i think bitcoin will get more popularity in the future and i hope that bitcoin will be most famous currency of the world and it is the main reason of bitcoin is unbreakable currency . 
Its a bit to much, and I doubt its unbreakable. Maybe I`m to hard with my opinion, but everything have beginning and the end. Its the nature of things, and we can not run away from that.
Yes its digital era, and technology is present everywhere, its a future. Bitcoin can be set in stone, but also something bad can happen, cause we all know that bad things happen all the time.
I will not think about this things, I will enjoy the moment and in everything that bitcoin provide me in this moment.
Yes its digital era, and technology is present everywhere, its a future. Bitcoin can be set in stone, but also something bad can happen, cause we all know that bad things happen all the time.
I will not think about this things, I will enjoy the moment and in everything that bitcoin provide me in this moment.
I would say that the way bitcoin break down is that there is in a couple of years a better alternative and that people simply changing currency...
bitcoin can never be unbreakable or completely worthless even it is overtaken by other technologies, as it will always retain some value. 
Everybody says Bitcoin is unbreakable, set in stone, yadda yadda yadda. But it seems to me that this is not necessarily the case. Anything about bitcoin, including the amounts generated, method of transferring coins, size of blocks, time to mine blocks, etc. can be changed by changing the software, and in particular the reference client since so many miners use that. Really, if 51% of the bitcoin mining community agrees on a change and implements it, that blockchain will win out over time. So it's more of a democratizing of fiat rather than an unbreakable currency.
There have certainly been times in our history, even in the recent past, in which the country at large (US) has voted for a Keynesian monetary policy. Isn't it possible, even likely, that at some time in the future a majority of miners would simply implement software changes to increase the amount of bitcoins generated? The incentive to do so is rather large, is it not? Thoughts?
There have certainly been times in our history, even in the recent past, in which the country at large (US) has voted for a Keynesian monetary policy. Isn't it possible, even likely, that at some time in the future a majority of miners would simply implement software changes to increase the amount of bitcoins generated? The incentive to do so is rather large, is it not? Thoughts?
Bitcoin is a long way to go to replace fiat currency. The world is not ready for bitcoin as a legal tender. We even do not know if satoshi nakamoto made bitcoins to replace paper money. There are no exact words coming from him that describes it. If there are it is not from him but from the financial analyst who observed bitcoin and made a theory that it can replace paper dollars.
Jump to: