Should We Trust Blockchain ? - page 5.

harrypotpot

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Quote from: Teamfearless on January 18, 2019, 01:55:27 AM

According To expect they always say blockchain can never be hacked and your information can never be stolen .. But day in day out Hacker are hacking crypto exchanges to steal people asset , ETH Suspended hard Fork because of security reason . HitBTC and Cryptopia are understand maintenance because of hacker . Are they Using block-chain technology to deceive Us ?...

Depends on the miners on it. Also on the platform that you will going to support. Well, block chain is hackable based on the hashpower that is has in the cryptocurrency space. Choose those that are well diversified.

leetcoiner

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Quote from: UAE Seasider on January 21, 2019, 02:58:17 AM

Blockchain technology looks to be able to offer the security and reliability we need from immutable transactions stored on the chain. It is especially useful for records keeping and database interaction I have high confidence in blockchain being secure.

Yes, in fact, the audit has never revealed any flaws in this new data accounting system. I think this is our future.

PanGiMoon

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Quote from: Teamfearless on January 18, 2019, 01:55:27 AM

According To expect they always say blockchain can never be hacked and your information can never be stolen .. But day in day out Hacker are hacking crypto exchanges to steal people asset , ETH Suspended hard Fork because of security reason . HitBTC and Cryptopia are understand maintenance because of hacker . Are they Using block-chain technology to deceive Us ?...

Blockchain technology probably no, but it can be adjusted to it, thereby constantly making some exchanges bankrupt. But from such holes, if it can be defended, it is not at this stage.

UAE Seasider

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Blockchain technology looks to be able to offer the security and reliability we need from immutable transactions stored on the chain. It is especially useful for records keeping and database interaction I have high confidence in blockchain being secure.

HappyCaptain

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as far as i know blockchain is created to remove trust issues since every transaction is transparent, the hack in exchanges was due to their security being vulnerable to the attackers and once they successfully break this security then they have a full control on exchanges account and can transfer all the funds inside.

ottogary

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Why won't we? What we need to aware of is the people behind the blockchain (anyone who utilize the technology), Cause there are many people utilizing blockchain technology for doing something bad.

Dewi Aries

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Quote from: Teamfearless on January 18, 2019, 01:55:27 AM

According To expect they always say blockchain can never be hacked and your information can never be stolen .. But day in day out Hacker are hacking crypto exchanges to steal people asset , ETH Suspended hard Fork because of security reason . HitBTC and Cryptopia are understand maintenance because of hacker . Are they Using block-chain technology to deceive Us ?...

well, in past from what i know is blockchain really can't get hacked. If it is can get hacked, a lot of transaction already disturbed by that. From what happen like market that got hacked, it is pure on their security which can accessed by that hackers.

dabenko

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The characteristics inherent in blockchain makes it to be secured.
Cryptocurrency is built on block chain technology and it is transferrable from one person to another, with the consent of the person sending, without a third party.
For the fact that it can be transferred, if there is a security bridge on where I am keeping it, it can be stolen, by transferring out.

Distinctin

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Quote from: Teamfearless on January 18, 2019, 01:55:27 AM

According To expect they always say blockchain can never be hacked and your information can never be stolen .. But day in day out Hacker are hacking crypto exchanges to steal people asset , ETH Suspended hard Fork because of security reason . HitBTC and Cryptopia are understand maintenance because of hacker . Are they Using block-chain technology to deceive Us ?...

Online technologies are prone to hacking, thus it only bonded with codes as its securities. Many individuals have studied this hacking strategies as their job also but for us, it is serious crime and illegal activities.
Many were caught for hacking but it takes a months or even a years to discover who's the person involve. There is a lot of money in big exchanges and so they wanting to have it, that is why they should improved their security codes and do updates.

trns.txt

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Why not? In my opinion, crypto world is very identical with the use of blockchain technology. And so far, this technology can be used in the very wide cases and fields, not only about the exchange or others. Now, the blockchain technology is an advanced system to support the utility such as used for traveling system, health, education, charity, and more.

ije07

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Quote from: sergeykravchenko1959 on January 20, 2019, 12:00:22 PM

The blockchain platform is a technology that underlies the operation of crypto coins. It is transparent, decentralized and in the records of which it is impossible to make changes. You can lose your investments if you are not careful when storing your coins, but this does not in any way relate to the blockchain, but only to the exchangers and purses that you use.

it is true that if we lose money or assets it is not because the blockchain is less secure but because the wallet that we use is the less secure or the way we store privacy is wrong then we can be hacked, this is also experienced by the hackers who have been hacked

givary

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I think if we don't trust Blockchain, we certainly aren't here. All have risks and we certainly have to be more careful in doing everything. Some exchanges are vulnerable to theft and this is what makes many people disappointed. But you also need to be able to maintain a good password and not trust others.

CryptoCoinArbitrage

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Blockchain technology and the security are two different things. Hackers are attacking the exchanges as
it`s security is vulnerable. So, if there is a loophole in the security of the exchanges hackers will use it.
This is why we should not store our funds on exchanges only the funds we are trading with.

BCTS

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I think blockchain is one of the most brilliant ideas of the 21st century. If it had been introduced earlier, the demand would have been even greater. Anyway, I trust this technology.

crenfrosck

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The system itself is quite unbreakable. Yeah, exchanges are extremely vulnerable, but they play a "passive role" of the blockchain. Try shutting down tens of thousands decentralized computers at the same time- seems pretty difficult to me. On the other hand, prevention of any kind of even hardly imaginable attack is leading to even more secured network. That is not bad for us, "good guys," huh? Nothing is perfect and I believe that someday the perfect execution of hackers´ wet dream might occur- but for several years, we are not there yet Wink

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playboy654

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Quote from: Gekkoo on January 20, 2019, 04:56:34 PM

Why should not we trust? ETH is centralized and has demonstrated this in countless moments, you need to rely on something even when this something allows you to be trusted, then you can look for another! It is not correct for you to analyze a part and place it as absolute. Ethereum is just another platform with features that a simple person can interact with a "blockchain" in simplicity, but already countless people and the blockchain concept and even its definition is superior to Ethereum.

My general open in his if anything will give the perfect for your investment then you can definitely trust that way so black chain is the most profit giving business so you can definitely trust that for your future.

Gekkoo

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Why should not we trust? ETH is centralized and has demonstrated this in countless moments, you need to rely on something even when this something allows you to be trusted, then you can look for another! It is not correct for you to analyze a part and place it as absolute. Ethereum is just another platform with features that a simple person can interact with a "blockchain" in simplicity, but already countless people and the blockchain concept and even its definition is superior to Ethereum.

Luke NY

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You can trust the blockchain, which has good protection, because now in the world there are many reasonable burglars and scammers. This technology with many features that we use, and it can be trusted, despite the threats.

capableuwa1

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Quote from: kewlc3s on January 20, 2019, 02:16:39 PM

What you wrote it is not about blockchain itself.
Blockchain itself we could trust. We can't trust coins and exchanges. But blockchain will never lie

Thanks for clarifying the information here. Blockchain have proven to be trusted times without Number, but do we have an option to trust the coin? This is one of the main issue that needs to be resolve. Coins can't be trusted as well as exchange. Few days ago, Cryptopia security system was breached and they are still trying to recover millions back.

kewlc3s

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What you wrote it is not about blockchain itself.
Blockchain itself we could trust. We can't trust coins and exchanges. But blockchain will never lie

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