Topic: Is it true that bitcoin immune from hacking & fraud ?? - page 4. (Read 15113 times)
the hack of mt gox have shown that the stolen coins are irreversible and lost forever, but the immunity from hacikng and fraud still exist as the wallets stolen are from exchanges and their lack of security.
No Bitcoin is not Completely immune its just can't be hacked or fraud directly. But it is possible to hack the exchange or scam the users who has bitcoin is their possession.There is always some ways to hack anything about every Hacker is a part programmer and every Programmer knows how to find solutions in a creative way.
It's pointless to talk about exchanges getting hacked or people getting scammed since it has nothing to do with Bitcoin at all. Exchange hacks are caused by human incompetence, and scams more often than not as well. Almost every crypto currency has proven to not be immune to any sort of blockchain rollback or 51% attack (not even Ethereum), and thus far only Bitcoin managed to remain clean. The only attack (as far as you can call it an attack) on Bitcoin that has been successfully carried out was that miners managed to spam mempools to the point where fees reached a high of +$50 last year. I'm glad that this will be dealt with once LN turns in full working state.
No Bitcoin is not Completely immune its just can't be hacked or fraud directly. But it is possible to hack the exchange or scam the users who has bitcoin is their possession.There is always some ways to hack anything about every Hacker is a part programmer and every Programmer knows how to find solutions in a creative way.
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 mean the anonymity and irrevocability associated with bitcoin transactions means that the money lost is also irrecoverable, CMIIW..
Holders should hold Bitcoin tightly. You need to know what's been happening in the world of Internet, at least you always should use the strength password and also 2FA. Hacking is still possible, but with this you can add a little protection. If you want to get full protection, you can use a very strong wallet like flash card for this.
Yes, I can say that Bitcoin is really immune from hacking and fraud more than others. However, I think that it is not 100% safe. You need to be careful, regardless of anything and keep coins in the wallet.
I think the possibility to be hacked is there. anyway let alone you save it in online where the internet network could have been hacked by someone. saving money in bitcoin is not 100% safe because the risk like hacking, phising, etc. but you can reduce its risk by storing it properly like in a hardware wallet or adding 2fa securityI agree with that fact that no one is safe from hacking or compromising the system, but it can be avoided by doing some precautionary measures.
Bitcoin can be hacked. It can be due to your carelessness or the hacker’s cleverness. If you are managing your wallet on your own, someone else might obtain your private key by getting into your email (if that’s where you keep it) or even seeing the private key in the physical world. Some of the more notorious Bitcoin-related hacking stories this year occurred when companies held so-called “initial coin offerings” (a form of fundraising) and asked investors to send them Bitcoins. In certain cases, clever hackers impersonated the companies with a fake website and persuaded the investors to send millions of dollars worth of funds to a different Bitcoin wallet. Once the Bitcoin was sent, there was no recovering it, and both the companies and investors lost their Bitcoin.
It is too difficult to hack an established and encrypted bitcoin wallet, it is much easier to phish for information and then use that to gain access to it. Operating Systems and browsers have more vulnerabilities so those are most likely to give away your passwords
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 mean the anonymity and irrevocability associated with bitcoin transactions means that the money lost is also irrecoverable, CMIIW..
Cryptocurrency is not immune from hackers but the fact that most of the markets today and wallets today are safe enough to place your coins because of the multi encrypted private keys that no one can easily get that, so we can still rely on exchangers or wallets for our coins to be safe.
Nothing is completely protected. If professional hackers want to crack a bitcoin wallet, nothing will stop them. A lot of scammers are ready for anything to pinch more coins from bitcoin pie. But bitcoin strive to make this task more difficult for them. However, for those who work with crypto-currencies, it is always necessary to monitor information about fraudulent exposures and to treat private information with responsibility.
There had been no hacking in the blockchain technology so far. Only some exchanges were hacked but if you see recent news even that has not happened recently.
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 mean the anonymity and irrevocability associated with bitcoin transactions means that the money lost is also irrecoverable, CMIIW..
In digital world, our account can be hacked and stolen. The safest way we can do is we keep our bitcoin or altcoin in hard wallet. If we dont have hard wallet and using web wallet, better always keep private key and not share it to anyone
Yes, I can say that Bitcoin is really immune from hacking and fraud more than others. However, I think that it is not 100% safe. You need to be careful, regardless of anything and keep coins in the wallet.
I think the possibility to be hacked is there. anyway let alone you save it in online where the internet network could have been hacked by someone. saving money in bitcoin is not 100% safe because the risk like hacking, phising, etc. but you can reduce its risk by storing it properly like in a hardware wallet or adding 2fa security
in fact there are no major cases of hacking and bitcoin theft. meaning that the wallet technology that stores bitcoins is very safe and immune.
Bitcoin wallets are becoming stronger and immune to hack day by day. I once read a news last year about Coinbase paying hackers around the world to hack their platform and point out every vulnerability in it. Through this way, they were able to detect the vulnerable sides of their platform’s security and improved most of it. So I believe that Coinbase is one of the safest wallets to be used. I also use other wallets, but still everything depends on you and how careful you are.
Experts have established that bitcoin-wallet can be hacked through vulnerabilities, which are currently available in cellular networks. This is a vulnerability in the networks SS7.When hacking the system, specialists need the name, phone number, some other information.
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 mean the anonymity and irrevocability associated with bitcoin transactions means that the money lost is also irrecoverable, CMIIW..
Maybe several people think the bitcoin immune from hacking and fraud. But I think Bitcoin is hackable. Every transaction is not safe. Hacker can learn it.
In the past it doesn't have the resistance to withstand hacking to large extent, and by those day the users were low in number. Now as the growth is attained, the immunity to stand overcoming hacks were developed in a better way. Example for the same is the decreased number of hacking related news these days. When it comes to fraud, most of the time we're responsible for it.
Bitcoin are also works with in the internet soul hackers can be possible to hack Bitcoin. Hacking is not an easy thing for bitcoin if your wallet outside will it be hot today it is some major mistake happen again that sites so be alert be safe with your wallet or something like that everything will be happening in this today's world
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 mean the anonymity and irrevocability associated with bitcoin transactions means that the money lost is also irrecoverable, CMIIW..
Maybe several people think the bitcoin immune from hacking and fraud. But I think Bitcoin is hackable. Every transaction is not safe. Hacker can learn it.
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 mean the anonymity and irrevocability associated with bitcoin transactions means that the money lost is also irrecoverable, CMIIW..
No, I dont believe that bitcoin immune from hacking and fraud. I think every online transactions is hackable.
Bitcoin is not immune from hacking nor fraud. There are a lot of smart hackers that will find way to hack, the reason there is no such thing as a impregnable security on the internet. In terms of fraud, even if you have a high security application, but if you don't have enough knowledge how people can fraud or fool you, it will still not be safe.
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 mean the anonymity and irrevocability associated with bitcoin transactions means that the money lost is also irrecoverable, CMIIW..
Cryptocurrency is not immune from hackers but the fact that most of the markets today and wallets today are safe enough to place your coins because of the multi encrypted private keys that no one can easily get that, so we can still rely on exchangers or wallets for our coins to be safe.
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 can still be hacked. But if we keep our accounts secure and do not tell anyone the information or the security code they exchange, I guess nobody will be able to steal your bitcoin.I mean the anonymity and irrevocability associated with bitcoin transactions means that the money lost is also irrecoverable, CMIIW..
In the past it doesn't have the resistance to withstand hacking to large extent, and by those day the users were low in number. Now as the growth is attained, the immunity to stand overcoming hacks were developed in a better way. Example for the same is the decreased number of hacking related news these days. When it comes to fraud, most of the time we're responsible for it.
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