Topic: Is it true that bitcoin immune from hacking & fraud ?? - page 8. (Read 15112 times)
Why do not have? There are many hacking and bitcoin frauds. Electronic money is a high-tech crime as easy to operate and steal passwords. Or fraudulent in the transaction. Be careful when investing in bitcoin especially when you hold a lot of valuable bitcoin.
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..
Its not correct to say that bitcoin is hacked in exchanges more times since it is pseudo anonymous.Even hackers hack money from debit cards even though its not anonymous.So,anonymity has nothing to do with more opportunity for hackers. I mean the anonymity and irrevocability associated with bitcoin transactions means that the money lost is also irrecoverable, CMIIW..
Yes, it's true. Bitcoin is being backed by blockchain which isn't hackable. People are getting hacked because of their own mistakes and fault on handling their private keys, passwords and etc,. Exchanges are hackable just like what happened to Mt. Gox, Bitfinex and some major exchanges.
As one famous hacker said once, the weakest link in any security system is always people, so if you share your private key with somebody there is possibly a way to hack you xD
There had been no hack in the blockchain technology, only the crypto exchnages were hacked. You can avoid this by using only reputed exchanges that are more reliable.
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..
I doubt about it, I think every online transaction can be hacked. but, bitcoin is secure. I dont what happen in the future.
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.
Obviously and the only way the wallets as well can even be a target is for the owner to end up being careless. At least, the fact that our money is safe as long as we keep it in our wallets, most especially a decentralized one is good enough and most people who are always easily attacked are the ones who either leave the private keys gullible anywhere or probably using an online wallet without some security functions like 2FA turned on. These are the category of people that get scooped off their assets. Basically bitcoin will be secured if we keep our password and following all security measurements. But failing with them, cannot safeguard anyone. 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.
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..
Yes.. but it is impossible to get hacked if you really protect your private keys.
Most of the exchanges who get hacked, are those who get "artificially" hacked, if you know what i mean with all this..
Modern hackers are so inventive guys that they can steal your Bitcoins even when you protect your private keys with all the most possible and the best ways.
Nope, false bitcoin can be hacked, why? hackers are everywhere my friend, and It can steal tons of amounts of btc, most often these things occur on wallets, hacking can happen through your respective wallets, sadly hackers can break in if they have enough information about you and your wallet. Fraud mostly happens on investments, projecte, and trades, beware and be cautious, this is the web do not expect maximum security on the surface.
There is nothing impossible for hackers, unfortunately. If someone made something, there is always be someone who can break 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..
I believe that there is no one immune from hacking even our bitcoin on our wallet. But we can minimizing that risk by keep our private key safe and use hardwallet. Every online activities is vulnerable and thats why we need always be carefull
I personally believe that no. Almost every month there are some exchange frauds, mining frauds and such. Also nobody is protected from a virus to hack into your wallet and steal your BTC, which happens very often these days. But when it comes to hacking the blockchain itself, seemingly nobody had yet succeeded, and that is the reason why blockchain is still functional.
No it is not. Bitcoin itself is immune but the environment around bitcoin is not immune like exchangers especially people who handle their bitcoins. Bitcoins together with the big lock blockchain is not hackable but the people itself is hackable with the use of hackings like phishing.
There are also cases where some programs of hackers and callers exploit bitcoin to accomplish their own bad intentions, which in turn results in disappointment, but these are just numbers. Few numbers have little effect on bitcoin
The so-called "unfraud" cannot be falsified, which is the characteristic of the decentralization of the block chain.
And putting it on an exchange is like putting money in a bank, and exchanges and Banks are a centralised thing.
Decentralization is the characteristic of bitcoins and the characteristics of the blockchain. Once dug out and held, you are the center of it. You will lose your private key password, and the exchange will be lost.
And putting it on an exchange is like putting money in a bank, and exchanges and Banks are a centralised thing.
Decentralization is the characteristic of bitcoins and the characteristics of the blockchain. Once dug out and held, you are the center of it. You will lose your private key password, and the exchange will be lost.
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.
Yeah, security is absolutely in everyone's hands and as long as you know how to stay secured, you will always be fine. The thing is that hackers cannot actually get hold of our asset unless we give them the access and since we cannot just give them the access freely, they try to deceive people into giving up the full control to their account.A lot of people have ended up in phishing issues in the past which made their account extremely vulnerable. Some veteran people do suggest to go for separate laptop for only use of handling our bitcoin and altcoin wallets but this may not be possible for all the people due to cost factors but it seems that alone will be a working idea against phishing threats.
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..
That is one of the risks of bitcoin and if you want to use this currency then you need to accept the fact that if you are hacked or scammed you will never see that money again, I know that people will need to get used to this new way of doing things, people are too used to be protected by banks if they screw up but in bitcoin there is no place for screw ups.I mean the anonymity and irrevocability associated with bitcoin transactions means that the money lost is also irrecoverable, CMIIW..
No one has yet confirm that there is immunity bitcoi have from hacking and fraud moves, if that is true then it is good ,but I think it was not introduce yet in the forum, if that it is very true , then we believe in it.
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. Blockchain itself cannot be hacked, but companies built around it can.
Yes, it is true that bitcoin is immune from hacking and fraud because it is highly encrypted.
In recent years, blockchain technology has attracted considerable attention. It records cryptographic transactions in a public ledger that is difficult to alter and compromise because of the distributed consensus. As a result, blockchain is believed to resist fraud and hacking.
indeed if bitcoin itself is hard to be hacked, but please be careful usually hacked even our wallet. usually it happens because of our carelessness, which resulted in our funds lost and is unlikely to returnIn recent years, blockchain technology has attracted considerable attention. It records cryptographic transactions in a public ledger that is difficult to alter and compromise because of the distributed consensus. As a result, blockchain is believed to resist fraud and hacking.
Yes bitcoin itself cant be hacked but bitcoin wallets can possibly be because we stored our funds on it. although hacking can be easily avoided as long as we are verry careful on what we do especially when doing a transactions . phishing attemtps is now verry popular also and it is the same as hacking but in another way. phishers usually spoofed a website or they cloned it from the original ones so that when you paste your important infos such as your private keys , they can then possibly stole it.
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