Is it true that bitcoin immune from hacking & fraud ?? - page 10.

supermine

hero member

Activity: 826

Merit: 518

Quote from: Izalcomax on March 25, 2018, 10:23:44 AM

Consider the value of bitcoin,it has made exchanges prime targets for hacking, and thus has made hacks there quite lucrative..
I mean the anonymity and irrevocability associated with bitcoin transactions means that the money lost is also irrecoverable, CMIIW..

Bitcoin can't be hacked while in the transaction or in a wallet with secured password but I won't say it is against scam because most of the bitcoin scams are happening but it all depends on the person who is scammed we can't blame the bitcoin for scams.Till now bitcoin is the most secured form of currency but its price volatile made it unusable as currency mostly we are using it for money making purpose.

Escf4

jr. member

Activity: 364

Merit: 3

GIGZI - INDEPENDENT WEALTH MANAGEMENT

I do not think it is true that bitcoin is immune from hacking and fraud, I believe if there is software that can really shield the bitcoin from hacks then it is good ,but for now we keep an eye for our wallet so that it will be safe, just do not make any false move,

Sithara007

legendary

Activity: 3346

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

Quote from: Izalcomax on March 25, 2018, 10:23:44 AM

Consider the value of bitcoin,it has made exchanges prime targets for hacking, and thus has made hacks there quite lucrative..
I mean the anonymity and irrevocability associated with bitcoin transactions means that the money lost is also irrecoverable, CMIIW..

Many of the past incidents of hacking and fraud turned out to be insider jobs. One example is that of Sheep Marketplace. It later turned out that the owner of that dark market (Tomáš Jiřikovský) was the one who stole coins from the users.

mostcrack

member

Activity: 548

Merit: 12

All can be hacked easily, nothing is impossible for hackers, they can hack your computer and can access into the system and get your private key, it's very easy, because you managed to keep the private key not on the hard disk offline anticipate, and often use public networks are vulnerable to hacking, nothing is impossible to hack your wallet very easily for them, so keep cautious in securing all your important files try to save them on offline hard disk.

gambitcoin53

member

Activity: 378

Merit: 25

Quote from: interna on March 25, 2018, 02:02:34 PM

Quote from: Izalcomax on March 25, 2018, 10:23:44 AM

Consider the value of bitcoin,it has made exchanges prime targets for hacking, and thus has made hacks there quite lucrative..
I mean the anonymity and irrevocability associated with bitcoin transactions means that the money lost is also irrecoverable, CMIIW..

Bitcoin is not immune to hacking. We should keep in mind that all online activities or websites are hackable. This also applies to your bank account if you have enabled net banking. In fact a friend of mine( who is a security researcher) found a way to transfer money from one bank account to another using the official website of a leading bank in my country. The bank officials simply got the bug patched and told my friend not to mention this anywhere. Same way there are security loopholes on all bitcoin exchanges as well.

it must be too scary to know this kind of hacking thing, let us just hope that even hackers are trying to hack bitcoin, bitcoin should develop its security too, with all that money, every hackers are trying to figure it out. the best thing is the algorithm of bitcoin system, it is anonymous. where will they find from millions of wallets are to be hacked and whom account has millions worth of money. scratch your head and give up.

Cairo18

newbie

Activity: 84

Merit: 0

Quote from: lvincent on April 18, 2018, 09:10:24 PM

One of bitcoins aspect is anonymity so i think if their is some hacking incident i think it will be really hard to trace your loss, so i think it is irrecoverable but bitcoin itself cannot be hacked, but the bitcoin stored in our wallet or whatever storage can be hacked, just be careful and make sure to keep your private key safe.

I think all comes in websites or internets may prone into hackble and fraud, unless if bitcoin is strictly have thier security that no one can hack i think members or people that with in the group will secured and felt nothing to worry about.

lvincent

full member

Activity: 294

Merit: 102

One of bitcoins aspect is anonymity so i think if their is some hacking incident i think it will be really hard to trace your loss, so i think it is irrecoverable but bitcoin itself cannot be hacked, but the bitcoin stored in our wallet or whatever storage can be hacked, just be careful and make sure to keep your private key safe.

jinxing

member

Activity: 276

Merit: 11

With blockchain technology I hope bitcoin can be immune and protected from hackers and fraud. But hakcher certainly will not stay silent, therefore we must remain vigilant and keep our private key not to be stolen

surfinonmyownwavebaby

full member

Activity: 252

Merit: 104

Decentralized Ecosystem for User-Generated Content

In short the Bitcoin system is free from hacks and fraud, but personally we can get hacked despite avoiding fraud as well. Hacks will only happen if we are careless too, most times they can be avoided granted security setup was done in a proper manner.

poplolnman

legendary

Activity: 1442

Merit: 1008

Quote from: RamonBTC on April 17, 2018, 04:16:47 PM

Every technology has its vulnerability and that is normal if the team behind the exchanges or any blockchain core has doing nothing to improve the security of its system. That’s why the better the management and cooperation with the team of security experts and programmers the popular the site is.

99.9% safe as long as they’re is no lapses in security protocols and each member will participate in reporting bugs if experienced it.

That 0.01% are for the vulnerability , hackers can't resist to see millions dollar stored in an exchange indeed and the operator aware already about that matters , they have anticipated it but things didn't goes as planned sometimes , so yeah nothing you can do when it got hacked in the end.
But I see a scheme where a new strange exchange planned to go exit scam by pretend got hacked , everyone should be careful to choose an exchange .

Aikidoka

sr. member

Activity: 1078

Merit: 342

Sinbad Mixer: Mix Your BTC Quickly

Of course it is not immune from hacking. Everything can be hacked even airplanes and governments. However, hacking requires high skills because it is not easy at all. There are many hackers out there who stole bitcoins from many people, and even if you have good security, the penetration can be done. That is why you should keep an eye on your wallet and must have as many wallets as you can in case you get stolen, you will still have other wallets.

nebuch

member

Activity: 588

Merit: 11

I am not hacker and I don't know how they do it! Anyway one thing I assured death is certain but the time of death is uncertain. I mean hackers can revive the long time deleted data. They can manipulate us without knowing. It seems applicable for them the quote that says; slowly but surely. I don't know how brilliant they are. Seems they are so genius in terms of manipulating censors, processors, and anything that requires power and energy that base on input and output facts.

pankowri

member

Activity: 728

Merit: 63

$CYBERCASH METAVERSE

Digital currency is online based marketing.There are no physical money.Online based marketing have some advantage and disadvantages also.Last year in December 7 billion crores of money stolen by hackers.In 2016 it happed also.So I think to prevent fraud &hacking btc should increase its security system.

therozaq

newbie

Activity: 56

Merit: 0

Quote from: Izalcomax on March 25, 2018, 10:23:44 AM

Consider the value of bitcoin,it has made exchanges prime targets for hacking, and thus has made hacks there quite lucrative..
I mean the anonymity and irrevocability associated with bitcoin transactions means that the money lost is also irrecoverable, CMIIW..

I think bitcoin is safe, bitcoin isnot hackable. your wallet is immune from hacker. In my opinion.

julius caesar

full member

Activity: 644

Merit: 127

★Bitvest.io★ Play Plinko or Invest!

Quote from: cryptbit.man on March 25, 2018, 02:47:46 PM

Generally if the hacks on the exchange platform is mainly to gain tokens the hacker might not see the names associated with the accounts and therefore not be able to trace it to you.

That's true this forum practice fromt he very beginning to separate the ersonal and business life of the workers and rhis made this more unique currency,cause your identity will remain anonymous to the people who you might not good in terms with we should be grateful for that although if the certain person was a scammer we cannot find him anymore since the personal information regarding that person is not given and requirement during the making of the account.

djsugar

sr. member

Activity: 686

Merit: 262

Even if Bitcoin was immune to hacking or fraud, the wallets definitely aren't. If you accidentally end up leaking your private keys, you would end up with no tokens in your wallet. You must have heard the story of a guy who had millions of bitcoins in his wallet but had lost his private keys and ended up with nothing.

But, a user can keep himself secure by not clicking on suspicious link which might attempt to steal his private keys. Being cautious and aware are the only ingredients required to make your investments hack proof.

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: BlackPanda on April 18, 2018, 05:28:21 AM

Quote from: daarul50 on April 18, 2018, 05:17:35 AM

Bitcoin security from hackers and frauds will not happen if we as the holder are more careful and use all the existing security facilities in each of the wallets used. The internet can not guarantee the security of an asset let alone crypto. there is always a gap for the hackers on the internet but it can be minimized with us do not store a username and password in the cloud, we better store the data offline and before we enter the data to access the wallet used for assets we make sure the web is not web phishing.

All that really depends on ourselves because when we can secure the account that we have well then we will get a good sense of comfort. Data security in the digital world is now a very vulnerable thing and must be considered because with it we can avoid the action of hacking and data theft, security is a really important thing because it can trigger the future that we will achieve.

I agree. It boils down on how we are going to secure our account so that hackers will not be able to get a hold of our private keys and password. There one good example that everyone should look at.

https://elevenews.com/2018/04/17/ian-balina-wallet-hack-and-lesson-in-crypto-security-why-publicizing-your-portfolio-online-is-bad-idea/

That dude was hacked while doing live streaming.

eelectrick

jr. member

Activity: 217

Merit: 1

I think the most susceptible target and area of hacking is the owner of bitcoins, as long as our transactions and connectivity
are safe and secure incidents such as hacking can be lessen or avoided. We should all be careful and practice safe protocols
when transacting and accessing accounts at certain areas and places. But we don't know for sure, since hackers today are
very prolific and very good at getting what they want. I think as an extra precautionary, we should also know how to store
and move carefully our investments and money online. Carelessness and recklessness are the very vulnerabilities hackers are
keen on spotting on and exploited in most cases.

BlackPanda

legendary

Activity: 1414

Merit: 1001

Quote from: daarul50 on April 18, 2018, 05:17:35 AM

Bitcoin security from hackers and frauds will not happen if we as the holder are more careful and use all the existing security facilities in each of the wallets used. The internet can not guarantee the security of an asset let alone crypto. there is always a gap for the hackers on the internet but it can be minimized with us do not store a username and password in the cloud, we better store the data offline and before we enter the data to access the wallet used for assets we make sure the web is not web phishing.

All that really depends on ourselves because when we can secure the account that we have well then we will get a good sense of comfort. Data security in the digital world is now a very vulnerable thing and must be considered because with it we can avoid the action of hacking and data theft, security is a really important thing because it can trigger the future that we will achieve.

daarul50

legendary

Activity: 1596

Merit: 1034

Bitcoin security from hackers and frauds will not happen if we as the holder are more careful and use all the existing security facilities in each of the wallets used. The internet can not guarantee the security of an asset let alone crypto. there is always a gap for the hackers on the internet but it can be minimized with us do not store a username and password in the cloud, we better store the data offline and before we enter the data to access the wallet used for assets we make sure the web is not web phishing.

Topic: Is it true that bitcoin immune from hacking & fraud ?? - page 10. (Read 15113 times)