Bitcoin Forum

2012,2013,2014,2015,2016,2017...

How can Bitcoin's blockchain be exploited? Anything we can do to help the hackerz?
Can we perhaps make the blockchain more bloated so we have more central sources to attack?
Can we change code to fatten the pipeline for a single block so we can cram more spam transactions?

Why is the ledger still in tact and the system still secure despite Bitcoin being completely online and worth billions?

Genius was spawned in 2009.

For those curious beyond this post, here's more on bitcoin and its years of emergence as the ultimate store of value financial asset:
Hacks & puppets & forks - how to destroy bitcoin: https://bitcointalk.org/index.php?topic=1834310.0

Or is what was written above completely incorrect and resources can be provided of successful hacks of exploiting Bitcoin's blockchain rendering the Bitcoin network less valuable?

Please share thoughts?

Nice try federal reserve...

What you really have to do is compare this to the number of times SWIFT has been hacked.
The plumbing of today's financial world is extremely leaky. What you need is a new solution like Bitcoin, not patchy fixes.

So are you saying fiat systems are just too easy in comparison, therefore its more time-efficient to hack fiat SWIFT network and things like credit cards...and hackers have found it to be a waste of time/effort to get any success hacking Bitcoin's blockchain?

Without a doubt it's a pain to even get $300 in Bitcoin using a ransomware if it was that easy why bother making a ransomware program Bitcoin is always online. On the other hand Lazarus and other groups just need to find a bug in the systems of member banks, to gain control of the banks' legitimate SWIFT credentials and send money. Then trick other people via the implied trust to send them money and become the Fed.

Yes it looks like that, banks are being hacked more often and credit cards hacks are really common this days. On the other hand bitcoin's blockchain can't be hacked or shut down so yes the level of security bitcoin provides is far better than normal banking systems.

"Hacking" wouldn't work the same way with Bitcoin as it does with other monetary systems.  With a bank, you hack the bank.  With Bitcoin, you need to be the bank - you need to have enough money and mining power to implement changes to the network.  That's not some can do without hundreds of thousands of Bitcoin to spend.

Spam attacks already exist, but decentralisation is always the protection against any real hacking, because unless you can completely dominate the whole network, you can't hack it.

Individuals, however, can be hacked if a hacker can find out their private keys one way or another.

Instead of hacking wasting time, go and think about a way how to turn sea salt water into drinkable water.

I am starting to think about the recent events and some of the government issued and controlled altcoins pumping to the skies all are related maybe there is a coordinated all on attack to deface and eventually bring down our beloved ecryptosystem?

When you really think about it you'll see that there is some truth in my theory.

freebutcaged, I think you are spot on.

So next time and every time after in the scenarios of central banks/goverments pumping compromised alternative cryptos...and done enough times that bitcoin becomes only 25% of crypto market...How does one spread education/knowledge to the widespread public of bitcoin? And point out the problems with the compromised pumped alts?

Yes Bitcoin is secure. It is only up to the individuals keeping it to keep their bitcoin secure. Bitcoin is relatively secure from spam attacks as they are expensive for an attacker to sustain for a long period of time - the fees force the attacker to only be able to perform a short-term attack.

The biggest catalyst that'd make BTC price skyrocket higher is simply move all your BTC to your PERSONAL bitcoin wallet (move off of Coinbase, Binance, Bitfinex, Square, Robinhood, CBOE/CME futures).

Fractional reserve, BTC lending, rehypothication is a bitch and can perpetually create no floor for prices by establishment market manipulators.

Plus if history is any indication, one these avenues will blow up and wreck the "holders" of bitcoin that really wasn't there because they failed to take such advice.

Take it off the exchanges and see what happens.