Topic: Urgent: Bitcoin can be hacked! (Read 3083 times)

For now i am still not experience that my account was hack unlike in perfect money that someone are trying to hack my account.. i hope in bitcoin our money are safe.. so that we can save our bitcoin for a long time..

It is so simple to criticize and sling mud.

Anyone can do that.

Probably everything can be hacked, or stolen. If we live in constant fear that is not a life, I know how many things can go wrong but that doesn't stop me to spend my time here.
OP said a good thing, don't put all your eggs in one basket. We can`t know will someone hack a blockchain, or will someone rob a bank. Bad things happen and sometimes some bad thing hit one of us. We can`t do much about it, we only can try to protect our self`s the best we can. Always have a exit strategy, or some back up plan, if you think something wrong will happen you can prepare for it.

For now i am still not experience that my account was hack unlike in perfect money that someone are trying to hack my account.. i hope in bitcoin our money are safe.. so that we can save our bitcoin for a long time..

True, it really requires a lot of research and showing some articles saying that there were really instances that hacked are being made and bitcoin was involved but come'on bitcoin it itself can't be hack it does not require me any vision to see it because i can feel it  and sense you are seeing the future go back here in the future and tell me this thing again

Time and time again I hear Bitcoin advocates claiming that it is superior based on it's technology alone.


"It requires vision."





 

OP is a known troll.
To be honest I have no idea why I'm always wasting my time and reading this kind of posts.
Bitcoin is fine and therefore it is absolutely nothing to see here.
Keep your metals or whatever, I will definitely hold my BTCs and not sell any satoshi.

This has nothing to do with "panic sell".

If you think I alone have the ability with this simple thread that has little exposure to cause panic sells then you are more delusional then how most replies in this thread have labeled me.

This is about a much larger picture and I hope you are paying attention.

But since you brought up price just take a look at the huge downward pulls that have taken place starting in August.

That is a sign of people seeing liquidation opportunities for what they are.

Nothing to do with this thread.

They say "follow the money".

When something is infected with a fundamental flaw you have to beware of the doctor.

I hear he hates sick patients. 

For those of you who think that Bitcoin is unhackable I urge you to think again.

I am not not talking about traditional hacking as in a hack against the core software.

I am talking about perception.

HACK:
http://www.dictionary.com/browse/hacked?s=t

Many people overlook this unprotected area of Bitcoin and may not have contingencies planned out accordingly.

These are just a few examples of how Bitcoin's image gets hacked.

http://www.wsj.com/articles/in-the-bitcoin-era-ransomware-attacks-surge-1471616632
http://money.cnn.com/2016/08/03/technology/bitcoin-exchange-bitfinex-hacked/
http://www.coindesk.com/european-union-proposes-tighter-bitcoin-controls-panama-papers-response/
http://www.coindesk.com/us-treasury-bitcoins-use-to-fund-terrorism-remains-unclear/
http://www.smh.com.au/world/australia-to-regulate-bitcoin-under-counterterrorism-finance-laws-20160808-gqnne2.html
http://www.defenseone.com/threats/2015/02/terrorism-finance-trackers-worry-isis-already-using-bitcoin/105345/

Remember that Bitcoin's inherent disruptive nature (technology disruptor) adds to the already uncertain global financial stage.

With this in mind I would like to point out an alternative for you to consider when Bitcoin's image is under attack.

Gold and silver has been around for a long long time and many of you are already aware of its existence in bullion form.

However, some overlook the fact that gold and silver provide the physical backbone of Bitcoin's existence.

That equipment you use to mine Bitcoin contains gold and silver.

That PC, tablet, or smart phone you are using to make transactions with or make a trade contain gold and silver.

In the form of gold plated contacts down to that Rohs compliant solder which contains one of the best conductors in the world (silver) precious metals are there to help make Bitcoin tick.

Without the precious metals and a host of many other raw materials Bitcoin obviously would be nonexistent.

Unlike the other raw materials, precious metals has been monetized for thousands of years.

They have always been considered a safe haven in times of uncertainty.


Here are just a few of the perks of expanding your portfolio into precious metals:

-Gold and silver has been backed by governments around the world since the 1980's. The United States, Canada, Mexico, Australia, China, Great Britain, and Austria are all countries that have put into law that they must provide it's citizens with gold and silver bullion as needed by demand.

-Precious metals can be used in Individual Retirement Accounts (https://en.wikipedia.org/wiki/Gold_IRA)

-You can protect your hard earned Bitcoin profits from exchange related hacks that cause the Bitcoin price to plummet unexpectedly.


If you are interested in exchanging Bitcoin for precious metals in attempt to solidify your investment portfolio do a google search and you will be sure to find some reputable dealers that offer up such a service.

https://www.google.com/#q=buy+gold+with+bitcoin

Only a fool puts his/her eggs in one basket.

For those of you who think that Bitcoin is unhackable I urge you to think again.

I am not not talking about traditional hacking as in a hack against the core software.

I am talking about perception.

HACK:
http://www.dictionary.com/browse/hacked?s=t

Many people overlook this unprotected area of Bitcoin and may not have contingencies planned out accordingly.

These are just a few examples of how Bitcoin's image gets hacked.

http://www.wsj.com/articles/in-the-bitcoin-era-ransomware-attacks-surge-1471616632
http://money.cnn.com/2016/08/03/technology/bitcoin-exchange-bitfinex-hacked/
http://www.coindesk.com/european-union-proposes-tighter-bitcoin-controls-panama-papers-response/
http://www.coindesk.com/us-treasury-bitcoins-use-to-fund-terrorism-remains-unclear/
http://www.smh.com.au/world/australia-to-regulate-bitcoin-under-counterterrorism-finance-laws-20160808-gqnne2.html
http://www.defenseone.com/threats/2015/02/terrorism-finance-trackers-worry-isis-already-using-bitcoin/105345/

Remember that Bitcoin's inherent disruptive nature (technology disruptor) adds to the already uncertain global financial stage.

With this in mind I would like to point out an alternative for you to consider when Bitcoin's image is under attack.

Gold and silver has been around for a long long time and many of you are already aware of its existence in bullion form.

However, some overlook the fact that gold and silver provide the physical backbone of Bitcoin's existence.

That equipment you use to mine Bitcoin contains gold and silver.

That PC, tablet, or smart phone you are using to make transactions with or make a trade contain gold and silver.

In the form of gold plated contacts down to that Rohs compliant solder which contains one of the best conductors in the world (silver) precious metals are there to help make Bitcoin tick.

Without the precious metals and a host of many other raw materials Bitcoin obviously would be nonexistent.

Unlike the other raw materials, precious metals has been monetized for thousands of years.

They have always been considered a safe haven in times of uncertainty.


Here are just a few of the perks of expanding your portfolio into precious metals:

-Gold and silver has been backed by governments around the world since the 1980's. The United States, Canada, Mexico, Australia, China, Great Britain, and Austria are all countries that have put into law that they must provide it's citizens with gold and silver bullion as needed by demand.

-Precious metals can be used in Individual Retirement Accounts (https://en.wikipedia.org/wiki/Gold_IRA)

-You can protect your hard earned Bitcoin profits from exchange related hacks that cause the Bitcoin price to plummet unexpectedly.


If you are interested in exchanging Bitcoin for precious metals in attempt to solidify your investment portfolio do a google search and you will be sure to find some reputable dealers that offer up such a service.

https://www.google.com/#q=buy+gold+with+bitcoin

Only a fool puts his/her eggs in one basket.

I don't think that the  Blockchain can be hacked. It's a public Ledger.

so stop putting fear into people

You can't do anything without gold and silver.

No modern day computing = no Bitcoin

Gold and silver however survives without Bitcoin.

That is the end of that discussion.

At the moment that is what attracts me to metals over Bitcoin.

I spent roughly two years in the Bitcoin theater and it was interesting to say the least.

Learned a shit ton but the negatives outweighed the positives.

Wall St. 2.0 is not my style.

Plus there are seasons for everything.

Had to go but I don't take my eye off of it.

Your calculated guess is incorrect because I still have some Bitcoin.

My only suggestion here is that you don't take your eyes off the metals either.

Perhaps someday Bitcoin will grow up a bit and then I would come back to it.