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Topic: Is bitcoin vulnerable to theft? (Read 152 times)

jr. member
Activity: 58
Merit: 1
February 05, 2018, 03:40:18 PM
#7
The theft of actually using a local wallet are very small and almost non-existent.
I suggest using the local wallet of the full block, the encryption of the bitcoin private key, which is currently unbreakable.
But quantum computers could change all that. Angry

The quatumcomputer is fiction.
Common sense tells it can't be done.
There is 0 or 1, left or right, up or down.
It can't be both.

We will see more and more robbery of common people in their own homes.
Far better to rob a building that has the currency like a bank, without the security of a bank.

Like at a bank-robbery, every one at home with a huge amount of bitcoins is like a bank.

I have the idea to make a storage, like an old physical bank,
but then not for gold, diamonds and cash, but mainly for bitcoin.
It is crazy to have your gold in a safe at the bank, and the jackpot at home.

I have a opportunity in a old bank that is empty for 20 years.
It has the big safe and smaller lockers still in the building

If someone kills your dog, and threatens to do the same with your children,
 you are likely to take a place behind your computer and make a donation to the robber.
full member
Activity: 294
Merit: 104
✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪
February 05, 2018, 03:25:56 PM
#6
Let us face it. Paper money is vulnerable to theft. Period. Since Bitcoin haters are claiming that Bitcoin is just toy money. What is the use of  stealing it. What is the use of purchasing a Lamborghini with it. It is just toy money. Stealing toy money is useles. Am I right Bitcoin haters?
newbie
Activity: 107
Merit: 0
February 05, 2018, 02:58:08 PM
#5
yes bitcoin vulnerable to theft they is very much risk in the market exchangers and wallet are highly risky they dont have enough protection
full member
Activity: 658
Merit: 103
January 29, 2018, 02:01:19 AM
#4
Bitcoin is not vulnerable to theft but maybe your wallet, the bitcoin on your wallet can be stole by just hacking. Using a hardware wallet is assured to safe your bitcoins so that no hackers can access to you wallet. Use two authentication when logging in your wallet to avoid wallet being hacked.
That's why you must put all your attention into finding the best wallet best suited for you. IMO not everyone uses hardware wallet cause they still didn't know what's the capability of hardware wallets. Based on my research Trezor is the best secured wallet i've known let's just say hardware wallet is not appreciated by many individuals true hardware wallet isn't cheap but it has the most secured grasp of what's your's some of us take this for granted some aren't lets join the people who aren't taking this for granted other than losing all your money with the good old normal digital wallet.
member
Activity: 266
Merit: 10
January 29, 2018, 01:43:57 AM
#3
The theft of actually using a local wallet are very small and almost non-existent.
I suggest using the local wallet of the full block, the encryption of the bitcoin private key, which is currently unbreakable.
But quantum computers could change all that. Angry
hero member
Activity: 1666
Merit: 753
January 29, 2018, 01:36:44 AM
#2
Bitcoin is not vulnerable to theft but maybe your wallet, the bitcoin on your wallet can be stole by just hacking. Using a hardware wallet is assured to safe your bitcoins so that no hackers can access to you wallet. Use two authentication when loggin in your wallet to avoid wallet being hacked.

Bitcoin itself is secured by maths. The probabilities of you generating a random priavte key and this private key being used before is extremely low, much lower than someone guessing your password since they have clues of what it might be(your name, your birthday, etc.).

The most vulnerable part to theft is the environment which you are storing your bitcoins in. So you're completely right to either use a hardware wallet or a paper wallet for any kind of large sums, otherwise you may be hacked quite easily.

Basically protect your wallet just like it's real money, even though it may not have any bitcoins in there yet. Never use exchanges as a wallet or any hosted wallet services, as you don't have access to your priavte keys and they can exit scam quite easily.
jr. member
Activity: 56
Merit: 9
January 29, 2018, 01:33:47 AM
#1
Bitcoin is not vulnerable to theft but maybe your wallet, the bitcoin on your wallet can be stole by just hacking. Using a hardware wallet is assured to safe your bitcoins so that no hackers can access to you wallet. Use two authentication when logging in your wallet to avoid wallet being hacked.
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