Is bitcoin System Vulnerable ? | Bitcointalksearch.org

dothebeats

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Quote from: bitcoinhopper on October 16, 2016, 01:53:24 PM

Quote from: dothebeats on October 16, 2016, 12:32:11 PM

No system is ever created perfect, and such vulnerabilities and flaws exist. Bitcoin is also not perfect; you can create double spend tx given the right condition, create a 51% attack that would fork the whole chain and create confusion among others. It's just that there aren't sufficient time, resources and efforts for these attacks to be sustained or prolong that can damage the whole network.

This exact and true. Every system goes from experimental to beta to live and even then there will be room for improvement.
Just look at Microsoft. After windows 95 they made so many new version and even Windows 10 can't be called really stable.

Windows 10 is a pain in the ass because of the shitty updates they have every now and then. As for bitcoin, it doesn't have those annoying attack vectors and loopholes so far, but as the system is up and running, people would try to find something in the code just to use it to their advantage. But no worries, developers are working hard to strengthen the security of the System.

bitcoinhopper

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Quote from: dothebeats on October 16, 2016, 12:32:11 PM

No system is ever created perfect, and such vulnerabilities and flaws exist. Bitcoin is also not perfect; you can create double spend tx given the right condition, create a 51% attack that would fork the whole chain and create confusion among others. It's just that there aren't sufficient time, resources and efforts for these attacks to be sustained or prolong that can damage the whole network.

This exact and true. Every system goes from experimental to beta to live and even then there will be room for improvement.
Just look at Microsoft. After windows 95 they made so many new version and even Windows 10 can't be called really stable.

sasha456

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The bank system is also vulnerable, but no matter that the whole people in the world uses banking services.

Chennai

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It should not be and none expects this to turn as a vulnerable site. This is serving a lot to many. We all aim to earn bitcoins. This never directed to harm anybody or anything. The system is secured and developed in such a way that its easy to handle and learn more. The features are set up friendly as well. None of these would make anyone think to do something vulnerable.

dothebeats

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No system is ever created perfect, and such vulnerabilities and flaws exist. Bitcoin is also not perfect; you can create double spend tx given the right condition, create a 51% attack that would fork the whole chain and create confusion among others. It's just that there aren't sufficient time, resources and efforts for these attacks to be sustained or prolong that can damage the whole network.

Natlind

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Quote from: Mr. Green on October 16, 2016, 06:58:15 AM

It is not.

If it were, it wouldn't have existed till now.

It is not. Should this question be raised? Anyone being in this forum and know all about bitcoins would not post such. We all wont support if this is the case then and it would have not reached this stage. This has reached its height. The thread is just opposite to what bitcoin really is. Its goodness has made unemployed employed. Has made many rich and changed their lives a lot. Lot can be talked upon bitcoins. It's driven on a right and good path by everyone in this forum. This value is really spoken upon.

mace15

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Bitcoin system vulnerable, yes this is possible. I guess the biggest
risk for bitcoin is end user security, and the biggest challenge is for
end users to take the security of bitcoins seriously. People are used
to the financial sector being able to restore access to bank accounts
in case credentials get lost - with bitcoin there is no one who can do this.

European Central Bank

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if it had happene bitcoin would already be dead. if someone could do it they would render their theft worthless.

anything is theoretically possible. the likelihood is more important and that stands somewhere around nil.

MWesterweele

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Quote from: Roboabhishek on October 13, 2016, 03:33:00 AM

This question is arising in my mind after i did some research.
What will happen if someone brute Force Private keys in Base58 Format ?

And he succeeds then I think he will get admin access to all the wallets and can ruin the Bitcoin.
I know it's very hard to go through the database but It's not impossible either.

Tell me what you guys think about this.

I don't think that bitcoin sysmtem is vulnerable those private keys etc . Because if bitcoin system is not safe then bitcoin should be died today but those bitcoin wallet is vulnerable and not the bitcoin

i don't think so that bitcoin will be died also.

saiha

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Quote from: Wapinter on October 16, 2016, 06:49:45 AM

Yes it is possible but given the amount of time it will take,I doubt anyone will even consider to give it a try

If you are saying that no one will going to consider to give it a try then why are you saying that the bitcoin system or network is vulnerable.

And it means that the network is possible to be hacked by someone, I don't know if you are on both sides or you are completely saying a no.

Because for me, that is a big no.

gokselgok

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Quote from: croutonhexagon on October 16, 2016, 06:55:54 AM

Still not. If it was vulnerable then hackers could have taken all the money. But it doesn't meant that it would remain safe life long. At anytime hacker could destroy the network but it's less likely to happen.

yes i agree but times goes by and it became more powerful and will search for the backdoor instead and vulnerabilities will appear. so this means that they have to strengthen the security time by time so it will not compromise

Mr. Green

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It is not.

If it were, it wouldn't have existed till now.

croutonhexagon

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Still not. If it was vulnerable then hackers could have taken all the money. But it doesn't meant that it would remain safe life long. At anytime hacker could destroy the network but it's less likely to happen.

Wapinter

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Yes it is possible but given the amount of time it will take,I doubt anyone will even consider to give it a try

Slark

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I loved posts of Franky in this thread. As always he debunked myths that bitcoin can be hacked with our current tech.

Quote from: harizen on October 14, 2016, 05:04:22 AM

I mean they can think instead to force hack an exchange site rather than whole bitcoin system just to get control of all bitcoins in the world?

That is not possible.
But if hypothetically speaking; if someone will find a way to break bitcoin encryption methods and hack address/private keys or gain access to whole network somehow.
Then how long it would take for bitcoin to crash completely and thus making it worthless?

Weeya

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We can't say if the system is vulnerable or not, so we just have to hope that no one will attempt to destroy its security or else, everything will be a waste. All of the earnings and investments will be futile.

requester

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every piece if 1's and 0's are vulnerable but we should find out. fort there is no loop hole found in bitcoin system. and it's not fixed that bitcoin system will remain unvulnerable. someday it might get hacked but we don't know what's going to happen next.

jonahmarieaton101

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Is bitcoin System Vulnerable? Well, when we say vulnerable, it means if it is open to attack or harm. Harm in terms of hackers, but as far as i know it is strong , why? If bitcoin is not strong then maybe from the past years, it already hacked by hackers but it wasn't done because it is strong. And now it become more progressive and it is safe if you trust it.

Roboabhishek

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Quote from: harizen on October 14, 2016, 05:04:22 AM

After that long and deep analyzation, technical aspects, mathematical equations, fearless explanation, thrilling guessed outputs etc. I wondered if there's a person or a group will give super efforts in that kind of hacking activity?

I mean they can think instead to force hack an exchange site rather than whole bitcoin system just to get control of all bitcoins in the world?

If people can use Bitcoins to sell drugs ,illegal Stuff , etc
then i am sure there might be some groups who are potentially trying to hack the exchange website of Bitcoins.
Take the example of Bitfinex Funds Stolen https://bitcointalksearch.org/topic/bitfinex-hacked-funds-stolen-1573336

Take a look.

harizen

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After that long and deep analyzation, technical aspects, mathematical equations, fearless explanation, thrilling guessed outputs etc. I wondered if there's a person or a group will give super efforts in that kind of hacking activity?

I mean they can think instead to force hack an exchange site rather than whole bitcoin system just to get control of all bitcoins in the world?

Topic: Is bitcoin System Vulnerable ? (Read 2319 times)