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Topic: the blockchain will be hacked - page 5. (Read 4702 times)

member
Activity: 98
Merit: 10
error
July 26, 2015, 05:10:03 PM
#6
Eventually, the blockchain will be hacked.
I know it is decentralized and the hacker needed to have control over 51% of the network to 'hack' it! BUT, like any other hack, maybe there is a way we don't know about YET! Everything is 'hackable' from the moment it is online!

What do you think about this?
I think you don't understand how Bitcoin works.

The whole idea is: essentially there is nothing to hack. Everything is public, transparent, open, and shared. Everybody knows everything. There is no feature or part in the software whatsoever that is supposedly 'hard to hack', that some day some smart ass hacker might break into.

let's be a little bit crazy here: imagine a virus that propagates through mining software and eventually reach 51% of the network silently! By that time, the 'hacker' in control, would change/manipulate the transactions...

Even if something seems safe today, that doesn't mean it will be always safe!
legendary
Activity: 1176
Merit: 1011
July 26, 2015, 05:02:08 PM
#5
Eventually, the blockchain will be hacked.
I know it is decentralized and the hacker needed to have control over 51% of the network to 'hack' it! BUT, like any other hack, maybe there is a way we don't know about YET! Everything is 'hackable' from the moment it is online!

What do you think about this?
I think you don't understand how Bitcoin works.

The whole idea is: essentially there is nothing to hack. Everything is public, transparent, open, and shared. Everybody knows everything. There is no feature or part in the software whatsoever that is supposedly 'hard to hack', that some day some smart ass hacker might break into.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
July 26, 2015, 05:00:27 PM
#4
Eventually, the blockchain will be hacked.
I know it is decentralized and the hacker needed to have control over 51% of the network to 'hack' it! BUT, like any other hack, maybe there is a way we don't know about YET! Everything is 'hackable' from the moment it is online!

What do you think about this?

1. We don't know what we don't know.

2. You can't disprove a negative (we can't prove there is no way to hack Bitcoin)

3. It seems less likely it will be hacked the longer time goes on, as I'm sure smart people
are trying because of the monetary incentives.


hero member
Activity: 574
Merit: 500
Call me Alice. just Alice.
July 26, 2015, 04:55:02 PM
#3
Eventually we will land on the sun. one day it has to become dark. then we can land.
sr. member
Activity: 574
Merit: 253
July 26, 2015, 04:53:18 PM
#2
Yeah.
member
Activity: 98
Merit: 10
error
July 26, 2015, 04:52:39 PM
#1
Eventually, the blockchain will be hacked.
I know it is decentralized and the hacker needed to have control over 51% of the network to 'hack' it! BUT, like any other hack, maybe there is a way we don't know about YET! Everything is 'hackable' from the moment it is online!

What do you think about this?
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