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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Teamfearless on January 18, 2019, 05:55:27 AM



Title: Should We Trust Blockchain ?
Post by: Teamfearless on January 18, 2019, 05:55:27 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 ?... 


Title: Re: Should We Trust Blockchain ?
Post by: terrific on January 18, 2019, 06:01:51 AM
Yes blockchain can't be hacked and data there can't be modified.
Your concern is the security of the exchange and its not the technology itself.
They use a certain way to secure their exchange.
Blockchain is the technology that we use for transfers, if the hacker goes on their site and successful got in.
They can easily use the funds and transfer it, the problem lies to the backdoor not with blockchain.


Title: Re: Should We Trust Blockchain ?
Post by: IgorShumilo on January 18, 2019, 06:22:17 AM
The comment above is absolutely correct. Centralized exchanges spend very little attention on security and a lot of attention on making big profits. I am sure that this is not the last major and successful hacker attack on the stock exchange (there are thoughts that Cryptopia itself arranged this attack in order to get the money of its clients).
Do not keep your money on the exchanges!


Title: Re: Should We Trust Blockchain ?
Post by: Thanasis on January 18, 2019, 06:25:42 AM
Exchanges don't use blockchain technology for their storage,its just like a hot wallets so if hackers get some hole in their security system then they can steal all the funds like what happened with those exchanges you were mentioned.


Title: Re: Should We Trust Blockchain ?
Post by: Peanyut991 on January 18, 2019, 06:25:59 AM
Hackers hack exchange systems not blockchain technology. In crypto, blockchain technology is used to verify transfers between two parties efficiently and permanently.


Title: Re: Should We Trust Blockchain ?
Post by: thaliaand on January 18, 2019, 06:46:27 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 indeed can not be hacked. It is an incorruptible, decentra;ized distributed public digital ledger. The crypto exchanges you mentioned are a centralized exchanges. It;s the matter of the exchanges security system. And obviously these are two different things.
Regarding to ETH Constantinople upgrade which was postponed, it's a vulnerable security issue and related to smart contract, not the blockchain issue. So again, these are two different things.


Title: Re: Should We Trust Blockchain ?
Post by: krassy on January 18, 2019, 06:54:31 AM
The blockchain technology itself can not be hacked, but the data that you store in open areas.exchanges, open wallets, it could all be stolen. The technology makes processes and financial transactions transparent, which eliminates fraud in the processes themselves, makes it possible to eliminate corruption, allows to modernize and optimize production and bureaucracy.


Title: Re: Should We Trust Blockchain ?
Post by: ATSgrowth on January 18, 2019, 07:01:39 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 ?... 
We could agree on that Bitcoin has the safest blockchain, but currently is slow for everyday use. And that is the problem, you can have fast but not safe blockchain or safe but slow blockchain ;).


Title: Re: Should We Trust Blockchain ?
Post by: Pffrt on January 18, 2019, 07:05:15 AM
You do not know about blockchain. It was an exchange which had been hacked recently but in blockchain you will find the transaction. Blockchain data are immutable
 No one can change it. You may hack my wallet but you can not sell my fund without using blockchain where there will be prove.


Title: Re: Should We Trust Blockchain ?
Post by: zauna35 on January 18, 2019, 07:07:08 AM
Our blockchain is everything, this is what unites us, this is a brilliant idea that is successfully implemented and will be realized in various fields, if we stop believing the blockchain, we have nothing to do here then. It is not the blockchain that is being hacked, but, for example, in the case of Cryptopia, the interface was vulnerable. In general, the blockchain is an unbreakable foundation, but what surrounds it often happens with holes.


Title: Re: Should We Trust Blockchain ?
Post by: Dilireba on January 18, 2019, 07:12:13 AM
I have no doubt with Blockchain technology, it the best innovation technology in this century, where Blockchain technology can be used with perfect performance in all fields. I'm telling about Blockchain technology, i'm not talking about cryptocurrency and ICO.


Title: Re: Should We Trust Blockchain ?
Post by: timmmers on January 18, 2019, 07:34:33 AM
Blockchain was created to bring the trust into the real world, but it is a technology and every new technology has some bugs, but never mind, soon everything will be fixed.


Title: Re: Should We Trust Blockchain ?
Post by: target on January 18, 2019, 07:38:10 AM
Hacker can always hack anything like exchanges because its security depends to the server hardening from penetration but a single alteration to a blockchain may completely destroy everything which is why blockchain is immutable. No one yet had hacked a blockchain unless the team who created it do so which investor will eventually lose its trust to the  project if that happens.


Title: Re: Should We Trust Blockchain ?
Post by: Classica35 on January 18, 2019, 07:39:58 AM
By illustration;
You have a book with a permanent print in it, which cannot be erased and cannot be altered. If I mistakenly place the book in a careless manner, it can be taken away by another person, who finds the print in it to be valuable.

That blockchain is secured, does not mean I should be careless with it. I am responsible for its continual ownership, depending on where I decide to keep it.

If another person, who feels he needs the data, which inherently are immutable, sees it in a carefree manner, he would take or steal it.

So, exchanges where funds were stolen, are responsible for the fortification of their security system.


Title: Re: Should We Trust Blockchain ?
Post by: Svelto on January 18, 2019, 07:59:39 AM
The blockchain itself can’t be hacked, it is the crypto exchanges that are being hacked.  That goes to say we can still trust blockchain. On the other hand, you shouldn’t trust an exchange to store your coin.


Title: Re: Should We Trust Blockchain ?
Post by: nak02 on January 18, 2019, 08:04:24 AM
As we can see up to now, hacking is still unstoppable and many people still trying to take downs those big projects that are low in security, I think we need some projects or company that's focusing in security, just like "HACKEN".


Title: Re: Should We Trust Blockchain ?
Post by: bellaayu on January 18, 2019, 08:08:12 AM
They hacked into Exchange and this is back again about the security system owned by Exchange. Everything can happen on this Blockchain and we must be careful when storing tokens on Exchange.


Title: Re: Should We Trust Blockchain ?
Post by: Mighty_crypt on January 18, 2019, 08:34:37 AM
Blockchain technology is what can't be hacked not projects running off blockchain or securities ,and moreover we will always see hacked exchanges in the future because I believe hackers always upgrade there tools as well and they will always find loopholes so its left for exchanges ,devs to always upgrade there security and not just rely on the one they have presently


Title: Re: Should We Trust Blockchain ?
Post by: Little Mouse on January 18, 2019, 08:36:51 AM
Blockchain is a technology where people can use it for transparency. It is an open source technology and people can believe on it easily because it is available to everyone. What you are exactly trying to know. If you talk about the hack, blockchain was not hack, an exchange was hack. So, it's normal.


Title: Re: Should We Trust Blockchain ?
Post by: jacafbiz on January 18, 2019, 09:27:35 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 is not the problem. but those people writing these codes, some of these developers writing these codes are clueless and some rely on forks for their foundation and the inherent problem of the old chain will be carried over to the new ones and also hackers are getting better and anything hack-able will be hacked


Title: Re: Should We Trust Blockchain ?
Post by: bellamente on January 18, 2019, 09:46:43 AM
I think in the future the blockchain will be limited to the IP addresses of 1 state. This will enable safe operation and rational use of excess alternative energy.


Title: Re: Should We Trust Blockchain ?
Post by: batang_bitcoin on January 18, 2019, 10:38:53 AM
I think in the future the blockchain will be limited to the IP addresses of 1 state. This will enable safe operation and rational use of excess alternative energy.
I'm not sure what will be the relation of IP addresses to blockchain.

It's technology has already built in a secured ledger for us to check the data that were gathered, transfered and stored using blockchain. I trust blockchain and this is really applicable to almost industry.


Title: Re: Should We Trust Blockchain ?
Post by: maxilopez on January 18, 2019, 11:19:52 AM
Of course, it’s because our future and the world economy are behind this technology.


Title: Re: Should We Trust Blockchain ?
Post by: raptorez on January 18, 2019, 12:13:37 PM
Based on the fact that today in general there is no reason not to trust the blockchain, I think that we can trust cryptocurrencies. Today, this is really the technology that can help us in the implementation of a project or, for example, accounting for something.


Title: Re: Should We Trust Blockchain ?
Post by: taratorly on January 18, 2019, 12:22:01 PM
That hack issues was about that exchanges! They hacked the exchanges not that coins blockchain network.

Blockchain network can not hacked. But community arguing about attack of %51. This is something else.


Title: Re: Should We Trust Blockchain ?
Post by: khoapham89 on January 18, 2019, 02:49:14 PM
That hack issues was about that exchanges! They hacked the exchanges not that coins blockchain network.

Blockchain network can not hacked. But community arguing about attack of %51. This is something else.

Yep. I agree with this idea. Actually, 51% attack is not considered as directly hacking action. If hackers govern other network of nodes to break the blockchain, it seems to be a indirect hacking??


Title: Re: Should We Trust Blockchain ?
Post by: Geenstijl on January 18, 2019, 03:16:28 PM
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 ?... 

Dude, it's all about security. Blockchain is not a centralized thing and you can't just change the password or revert the transaction. Once private key is compromised your money is already not your. In my opinion it takes years to improve security level (especially in peoples minds) to the really high level and this is one of the major milestones for the crypto industry.


Title: Re: Should We Trust Blockchain ?
Post by: OluwaTosin10 on January 19, 2019, 07:31:13 PM
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 ?... 

To be honest
The questions should be do we have a choice ??

We still have to get involved with the crypto currency exchange to transact business one way or the other

I think the vulnerability will be eased soon


Title: Re: Should We Trust Blockchain ?
Post by: abake on January 19, 2019, 07:42:52 PM
Hacking of exchanges has nothing to do with trusting blockchain technology or not. The ideology behind blockchain technology is so great, info can be easily traced, and can't be deleted or adjusted, that's the selling point for me.  So when you say information on blockchain is protected, it doesn't necessarily mean people can't access it, but hey they can't alter it. So in essence, hacking of exchanges has nothing to do with trusting this disruptive technology.


Title: Re: Should We Trust Blockchain ?
Post by: ifightformerkel on January 19, 2019, 09:33:19 PM
I think that fraud and all the more hacking your wallet, depend only on users. Cryptocurrencies are very popular and so when they were at the peak of popularity, there were a lot of scams, as they could quickly make a lot of money.


Title: Re: Should We Trust Blockchain ?
Post by: InGODweTrast3 on January 19, 2019, 09:53:24 PM
Blockchain as technology is high effective, and of course we trust in it and use it, because it have many features! But another problem that too much cheaters use blockchain too, and it real problem of our times


Title: Re: Should We Trust Blockchain ?
Post by: jcmansah7 on January 19, 2019, 10:00:53 PM
Well i would not say trust but i can say it is very reliable because of its security features and how transparent it is. Nonetheless some hackers always find a way to cause malice in some blockchain networks so don't trust blockchain absolutely but at least it is pretty secured looking how decentralized it is.


Title: Re: Should We Trust Blockchain ?
Post by: lotfipro on January 19, 2019, 10:08:57 PM
Of course yes. I think it's the unique thing which we can trust. These news with cryptopia doesn't make any influence on the whole market. Blockchain projects are still confident. I wish more people will start using them.


Title: Re: Should We Trust Blockchain ?
Post by: Dondont on January 19, 2019, 10:16:57 PM
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 ?... 

after all, if you wish the blockchain could cope with hacking on online networks, then you're wrong, Blockchain is different on this, so security on the blockchain I think is still the same as security before. He only gives mark anonymity. So you wanna trust, just leave blockchain, because the security is still in development. Yes, some people purposes didn't fit in this one


Title: Re: Should We Trust Blockchain ?
Post by: TrevorS on January 19, 2019, 10:20:55 PM
Of course yes. I think it's the unique thing which we can trust. These news with cryptopia doesn't make any influence on the whole market. Blockchain projects are still confident. I wish more people will start using them.

Anyway, nothing can be trusted, we can not fully understand the technology, it can have a critical vulnerability known only to a very narrow circle of people. You should always be on the alert and ready for anything.


Title: Re: Should We Trust Blockchain ?
Post by: Ditlycel on January 19, 2019, 10:30:36 PM
Of course, it’s because our future and the world economy are behind this technology.
I agree, if we believe in cryptocurrency and its growth, then we should actually believe in blockchain ! especially now when the blockchain is the development of


Title: Re: Should We Trust Blockchain ?
Post by: MonaLeeTracy on January 19, 2019, 10:32:53 PM
Of course yes. I think it's the unique thing which we can trust. These news with cryptopia doesn't make any influence on the whole market. Blockchain projects are still confident. I wish more people will start using them.


I'm also sure that we really have to trust the blockchain too, even though the blockchain is still down, but we just believe that something good will happen suddenly and make us happy not only temporarily.


Title: Re: Should We Trust Blockchain ?
Post by: TastyChillySauce00 on January 19, 2019, 10:34:57 PM
Those exchanges you mentioned are centralized exchange where they store the data within a single server and thus can be stolen. That have absolutely nothing to do with blockchain. Blockchain is immune to hacking but not to 51% attack. However, a coin with big hash power will hardly be attacked.


Title: Re: Should We Trust Blockchain ?
Post by: khufuking on January 19, 2019, 10:42:40 PM
Blockchain itself can't be hacked or modified as others said but that will not make anyone using it shielded against hack or money loss, for example, if someone steals your private keys and took all your Bitcoin, who to blame here? Blockchain technology or your ways of storing your private keys! and that is the same case with exchanges they have flaws in their system and it is not blockchain fault.


Title: Re: Should We Trust Blockchain ?
Post by: RokOrids on January 19, 2019, 10:47:05 PM
As an idea, the blockchain itself has tremendous potential. As for the hack, then the question is more to the software implementation. When implementing software, whether it is a crypto-exchange, wallet or something else, then it is a matter of the human factor. Mistakes can be intentionally or accidentally made to steal funds.

Perhaps this is a bit naive, but I have high hopes for the blockchain technology, for the future and far beyond the scope of the usual currency.  ::)


Title: Re: Should We Trust Blockchain ?
Post by: 2tang on January 19, 2019, 10:48:55 PM
blockchain does not mean it cannot be hacked because blockchain is not a security system but is a technology that can store and send data efficiently and can be used for any purpose depending on the user and the security level depends on the user so if there is hacking you cannot blame blockchain but it was a mistake from the developer who could not secure their project


Title: Re: Should We Trust Blockchain ?
Post by: Oceat on January 19, 2019, 10:55:41 PM
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 ?... 

To be honest
The questions should be do we have a choice ??

We still have to get involved with the crypto currency exchange to transact business one way or the other

I think the vulnerability will be eased soon
It is still better if people should not keep their crypto to any exchanges because it is vulnerable to any attacks. There are available hardware wallets already, all we need to do is to buy one or two to keep our crypto in it and it is totally safe. The fault is really on the exchanges and to the people who are lack of knowledge about of the exchanges.


Title: Re: Should We Trust Blockchain ?
Post by: Slark on January 19, 2019, 11:07:53 PM
It's different. They break into exchanges and steal money from those who are poorly worried about their safety. The blockchain itself does not pose any threat.


Title: Re: Should We Trust Blockchain ?
Post by: monineklutak on January 19, 2019, 11:18:47 PM
we have to believe in the blockchain because even though it can still be hacked but so far the blockchain technology is the safest so if we don't believe what other technologies will we trust?
The blockchain is the best technology at the moment but unfortunately there are always people who want to use it for their own benefit by cheating or hacking and this really tarnishes the name of the blockchain so it's not surprising that many people are starting to doubt the blockchain because there's always a destroyer


Title: Re: Should We Trust Blockchain ?
Post by: Ranly123 on January 19, 2019, 11:22:11 PM
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 ?... 

Who says blockchain cannot be hacked? Of course it can ba hacked that's why cryptocurrencies and exchanges keeps on improving their securities so that malware's will not be able to catch-up to their updates.


Title: Re: Should We Trust Blockchain ?
Post by: sixexgames on January 19, 2019, 11:22:21 PM
Well I think the 51% attack on Ethereum Classic showed the risks involved in have a PoW consensus mechanism... especially for smaller coins of PoW, I'm not sure any of them is safe. And exchanges really need to make security #1 priority... we can't keep having these hacks happening.


Title: Re: Should We Trust Blockchain ?
Post by: creeps on January 19, 2019, 11:24:32 PM
blockchain does not mean it cannot be hacked because blockchain is not a security system but is a technology that can store and send data efficiently and can be used for any purpose depending on the user and the security level depends on the user so if there is hacking you cannot blame blockchain but it was a mistake from the developer who could not secure their project
Everything is vulnerable in cryptomarket, and I agree that the developer should maintain the most advance security to protect the system. Always remember that the technology is growing and the hackers are also using that advance technology to collect money. We can trust blockchain, but we should know how to secure it.


Title: Re: Should We Trust Blockchain ?
Post by: IndianaJons on January 19, 2019, 11:34:00 PM
Hard Fork Ethereum did not take place due to the lack of support from the mining pools. Over 40% of them did not support hard fork. Therefore, information about errors in the code was invented.


Title: Re: Should We Trust Blockchain ?
Post by: terible.hunter on January 20, 2019, 03:46:28 PM
My point of view as a whole does not change, because a very large number of people are interested in this technology today, so I think that now it’s probably just a technology and it is already changing the world.


Title: Re: Should We Trust Blockchain ?
Post by: sergeykravchenko1959 on January 20, 2019, 04:00:22 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.


Title: Re: Should We Trust Blockchain ?
Post by: ivaf on January 20, 2019, 05:20:04 PM
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 ?... 

You are a little confused. Blockchains do not hack. They can be attacked, but not hacked.
In the cases you have listed, we have:
- for exchanges - the site security system was hacked, as a result of which the attacker was able to withdraw funds;
- for Ethereum hardfork - it was postponed due to a bug found in the update code (to fix it).


Title: Re: Should We Trust Blockchain ?
Post by: Rapidgator on January 20, 2019, 05:31:51 PM
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 ?... 
If they think that there is a real issue of suspended hard fork that means they're really want to share only the best version of the project. I would be starting sceptical thinking with some bigger issues related to blockchain technology.


Title: Re: Should We Trust Blockchain ?
Post by: Febo on January 20, 2019, 06:13:03 PM
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 ?... 

Not sure why you mix centralized exchanges into block chain. But any block chain can have a bug. It all goes to how many eyes there is to check the code and how many people test on testnet before it goes live.  You can notice difference between Monero and Bitcoin towards Etehreum. First two are making baby steps not risking bugs. Ethereum just jump no matter what will happen. They can rewind their immutable code anyway.


Title: Re: Should We Trust Blockchain ?
Post by: kewlc3s on January 20, 2019, 06:16:39 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 :)


Title: Re: Should We Trust Blockchain ?
Post by: capableuwa1 on January 20, 2019, 06:26:39 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.


Title: Re: Should We Trust Blockchain ?
Post by: Luke NY on January 20, 2019, 08:11:12 PM
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.


Title: Re: Should We Trust Blockchain ?
Post by: Gekkoo on January 20, 2019, 08:56:34 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.


Title: Re: Should We Trust Blockchain ?
Post by: playboy654 on January 20, 2019, 09:04:46 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.


Title: Re: Should We Trust Blockchain ?
Post by: crenfrosck on January 20, 2019, 09:37:17 PM
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  ;).


Title: Re: Should We Trust Blockchain ?
Post by: BCTS on January 20, 2019, 10:15:58 PM
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.


Title: Re: Should We Trust Blockchain ?
Post by: CryptoCoinArbitrage on January 20, 2019, 10:39:51 PM
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.



Title: Re: Should We Trust Blockchain ?
Post by: givary on January 20, 2019, 10:47:26 PM
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.


Title: Re: Should We Trust Blockchain ?
Post by: ije07 on January 20, 2019, 11:12:54 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


Title: Re: Should We Trust Blockchain ?
Post by: trns.txt on January 20, 2019, 11:22:09 PM
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.


Title: Re: Should We Trust Blockchain ?
Post by: Distinctin on January 20, 2019, 11:28:45 PM
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.


Title: Re: Should We Trust Blockchain ?
Post by: dabenko on January 20, 2019, 11:30:07 PM
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.


Title: Re: Should We Trust Blockchain ?
Post by: Dewi Aries on January 20, 2019, 11:31:04 PM
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.


Title: Re: Should We Trust Blockchain ?
Post by: ottogary on January 21, 2019, 03:39:48 AM
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.


Title: Re: Should We Trust Blockchain ?
Post by: HappyCaptain on January 21, 2019, 06:27:44 AM
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.


Title: Re: Should We Trust Blockchain ?
Post by: UAE Seasider on January 21, 2019, 06:58:17 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.


Title: Re: Should We Trust Blockchain ?
Post by: PanGiMoon on January 21, 2019, 06:58:36 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.


Title: Re: Should We Trust Blockchain ?
Post by: leetcoiner on January 21, 2019, 07:03:03 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.


Title: Re: Should We Trust Blockchain ?
Post by: harrypotpot on January 21, 2019, 04:48:00 PM
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.


Title: Re: Should We Trust Blockchain ?
Post by: Milamol on January 21, 2019, 05:07:36 PM
Hacking a centralized exchange is not equal to hacking a blockchain. The usual means to hack the blockchain is not possible. However, in our world there are supercomputers (scientists, military), but perhaps they can not use these to hack the blockchain. Quantum computers may also appear. To ensure the reliability of the blockchain, miners must have the most powerful computers.


Title: Re: Should We Trust Blockchain ?
Post by: rickyis786 on January 21, 2019, 05:52:12 PM
Yes we can trust on blockchain technology. this technology has many good features. the blockchain technology is an advanced system to support the utility such as used for traveling system, health, education, charity, and more other thing. this system is very safe. i know that blockchain really can't get hacked


Title: Re: Should We Trust Blockchain ?
Post by: Absolutep on January 21, 2019, 06:30:14 PM
Blockchain is a technology that we use to transfer or for transaction, but don't forget the case of security is left to be handle by the exchange themselves, if the security is good enough then assets will be safe.


Title: Re: Should We Trust Blockchain ?
Post by: ololajulo on January 21, 2019, 06:37:56 PM
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

Blockchain is beyond cryptocurrency, they dont have to represent any dollar value to be blockchain. It can be used several purposes by governments, individual, institution etc. It is proposed as a good tool for national election. Bitcoin has enjoyed a lot of support to avert hack, hackers will even have more to lose than gain if they hack bitcoin, so it preferred to been seen formidable and strong


Title: Re: Should We Trust Blockchain ?
Post by: el_lobo on January 21, 2019, 06:38:23 PM
Exchanges still seem to be the weak spot of crypto.
The blockchain is safe, but still hackers manage to steal coins.
Hopefully, this problem will eventually be solved in the future.


Title: Re: Should We Trust Blockchain ?
Post by: jrrsparkles on January 21, 2019, 06:46:14 PM
Exchanges still seem to be the weak spot of crypto.
The blockchain is safe, but still hackers manage to steal coins.
Hopefully, this problem will eventually be solved in the future.
Exchanges don't use blockchain for their storage they just using their own hot wallets for storage purpose which is just as an online wallet controlled by themselves when someone can find those details then they can be able to hack those wallets.Which is not related to blockchain,if they are using blockchain means the exchanges will become decentralized and everything will be solved.


Title: Re: Should We Trust Blockchain ?
Post by: 5thFear on January 21, 2019, 06:53:28 PM
Well Blockchain can never be hacked but it don't need to be hacked. The whole information is out there and just start a scam blockchain project and all the information will be received through a project, no need to hack anything.


Title: Re: Should We Trust Blockchain ?
Post by: Nolimitz84 on January 21, 2019, 06:54:00 PM
Yes blockchain can't be hacked and data there can't be modified.
Your concern is the security of the exchange and its not the technology itself.
They use a certain way to secure their exchange.
Blockchain is the technology that we use for transfers, if the hacker goes on their site and successful got in.
They can easily use the funds and transfer it, the problem lies to the backdoor not with blockchain.
I totally agree.It is impossible to compare blockchain technology and the work of hackers.Blockchain technology fortunately at the moment can not be somehow deceived or something in it to change.Personally, I trust this technology and am sure that this technology is not for scammers.


Title: Re: Should We Trust Blockchain ?
Post by: Balzhi on January 21, 2019, 07:04:02 PM
it is important to understand that blockchain annd cryptocurrencies are not same things. blockchain is a technology, cryptocurrencies are product of blockchain.


Title: Re: Should We Trust Blockchain ?
Post by: omonuyak on January 21, 2019, 07:10:49 PM
Blockchain technology is trustworthy and we can actually depends on it with our transactions process and I think it is more secure and transparent than any other fund of transactions processing.  Though we are having some rejection from governments I believe that in future blockchain technology is going to become the financial system the world dream of.


Title: Re: Should We Trust Blockchain ?
Post by: Sanderion on January 21, 2019, 07:42:20 PM
Blockchain technology is trustworthy and we can actually depends on it with our transactions process and I think it is more secure and transparent than any other fund of transactions processing.  Though we are having some rejection from governments I believe that in future blockchain technology is going to become the financial system the world dream of.

Do you really think governments will allow people to do money transactions without control? I'm sure, they won't! I think they will integrate blockchain technology in existing financial systems and will get more control over money flows. Coins like TUSD and USDT are just the beginning of that movement but we can change it! We need to use independent and anonymous blockchains to avoid control.


Title: Re: Should We Trust Blockchain ?
Post by: Maamejane on January 21, 2019, 10:07:32 PM
Sometimes i use to tell others if you don't trust the coin don't underestimate the technology driving it since it has really done and solve much of the world problems. The technology is actually one of the finest.


Title: Re: Should We Trust Blockchain ?
Post by: Denton on January 21, 2019, 10:26:18 PM
Hackers steal our funds not because the blockchain is insecure, but because we ourselves do not accept due diligence. After all, if we take good care of the security of our funds, they cant be stolen.


Title: Re: Should We Trust Blockchain ?
Post by: bartusv on January 21, 2019, 11:06:52 PM
Hackers are not hacking the blockchain they are hacking the platforms where we hold our funds (exchanges, wallets etc)
We do not have to store our funds on exchanges and take care of our private keys and we will be safe from hackers.


Title: Re: Should We Trust Blockchain ?
Post by: sherenikaw on January 21, 2019, 11:14:10 PM
Actually, Blockchain is a very smart technology. from this tech, we can see how the people around the world create the new concept of technology with blockchain as the base. It leads us to the smart contract and other systems. is that interesting and promising? I think that trust in blockchain is powerful in order to support the development of this technology.


Title: Re: Should We Trust Blockchain ?
Post by: Ini35 on January 21, 2019, 11:24:18 PM
That an exchange was hacked or that the hardfork of ethereum has been postponed, does not mean that it is the fault of blockchain.
There is no fault with block chain technology, because it is an advanced for of technology, that we are yet to fully explore.
We humans determine a lot of things, but we cannot alter the data in blockchain.


Title: Re: Should We Trust Blockchain ?
Post by: shinratensei_ on January 21, 2019, 11:45:55 PM
Blockchain technology is trustworthy and we can actually depends on it with our transactions process and I think it is more secure and transparent than any other fund of transactions processing.  Though we are having some rejection from governments I believe that in future blockchain technology is going to become the financial system the world dream of.

Do you really think governments will allow people to do money transactions without control? I'm sure, they won't! I think they will integrate blockchain technology in existing financial systems and will get more control over money flows. Coins like TUSD and USDT are just the beginning of that movement but we can change it! We need to use independent and anonymous blockchains to avoid control.
That could be the reason why the government has already rejected bitcoin ETF, they are not having control over all of exchange sites and regulators are worried about the manipulation in the market that can put the investors into the big risk.


Title: Re: Should We Trust Blockchain ?
Post by: Bloodseekers on January 21, 2019, 11:49:02 PM
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 ?... 
Its different between blockchain and hacker in exchanges, blockchain is safe no one can hack it, And exchanges like HitBTC and Cryptopia, only use blockchain technology but in their platform, they control it, so if exchanges get hack, not because of the blockchain system but mistake by the exchange system
So should we trust blockchain? Yes


Title: Re: Should We Trust Blockchain ?
Post by: lornadane on January 21, 2019, 11:51:52 PM
Blockchain can be hacked, and everything in the crypto may hack anytime. But Overall, we can trust blockchain! Exchanges like Bithumb, Poloneix got hacked, Binance got compromised but still, they are a very popular exchange, because people trust them and everyone believes hack is one of the main negative parts of crypto. So, I think you may enable every security options in blockchain account and don't use blockchain email roughly. If you still have confusion then buy a hardware wallet. Good Luck


Title: Re: Should We Trust Blockchain ?
Post by: aryaadikariyansyahsuwarto on January 21, 2019, 11:56:14 PM
I have to answer it like what, if you believe it, but right now there really isn't anything to be trusted, prices continue to fall, many ICOs are scam. but if we don't believe, that's what we've been up to all this time ...


Title: Re: Should We Trust Blockchain ?
Post by: Fortified on January 22, 2019, 01:47:20 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 is a system use for data recording , if anyone altering the data , it will be recorded also by itself so it's been useless for hacking  while the other you mention like exchange firm is really the subject by hackers and yes it will be easier to them if you would not taking care of your private key and password  .


Title: Re: Should We Trust Blockchain ?
Post by: tranduong123 on January 22, 2019, 01:55:49 AM
Nothing is perfect, but you are confusing the two concepts, exchange and blockchain, which are two different concepts. Exchange with poor security systems will be hacked.


Title: Re: Should We Trust Blockchain ?
Post by: bezzler on January 22, 2019, 03:11:40 AM
Why won't we? Blockchain technology is a good technology that also able to be implemented for another thing. Not just cryptocurrency, the possibilities of the usage of blockchain technology is wide open. So there is no reason not to believe in the blockchain technology.


Title: Re: Should We Trust Blockchain ?
Post by: cewekimut on January 22, 2019, 03:47:27 AM
Hacking occurs because they have the opportunity and they are lazy and make a lot of people nervous. But we also have to be careful in doing anything and do not act that makes you suffer losses. I believe in crypto I think this is very important because here there are many opportunities that can make money.


Title: Re: Should We Trust Blockchain ?
Post by: Amalker on January 22, 2019, 05:04:26 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 ?... 
Yea, thats right, for now blockchain can't be hacked. But exchanges it's only a platform, which keep private keys of their blockchain addresses. And many of them do not pay serious attention for security of their platforms.


Title: Re: Should We Trust Blockchain ?
Post by: Vektrum on January 22, 2019, 06:10:33 AM
The blockchain technology itself is very reliable and cannot be cracked. Another thing is that not enough attention is paid to the security system on the stock exchanges. However, these are completely different things. The blockchain technology so far proves its competitiveness and exclusivity. Its novelty and revolutionary approach was recognized by all states, even those that oppose the introduction of decentralized cryptocurrency.


Title: Re: Should We Trust Blockchain ?
Post by: Horas1976 on January 22, 2019, 06:47:31 AM
Blockchain technology is knowledge on the internet and issued a product called cryptocurrency, and what they retire is crypto products become blockchain. We study the block system and can provide security information so that it will not be hacked as long as we remain cautious and alert.


Title: Re: Should We Trust Blockchain ?
Post by: Ini35 on January 22, 2019, 08:17:35 AM
It is like saying, you have a pure gold, kept in a compartment that can either be broken or not. The pure gold is the block chain, whose form cannot be changed, because it is already pure.
If the compartment where it is kept is in form of a glass, plastic or wood, they you should know that it can be broken and the gold be taken away.
The same can be likened to block chain and a weak security system used in saving of keeping it by the owner.
So every party, exchanges, ICOs, individuals and the likes, making use of block chain in one form or the other, should try to keep their system safe by improving on the security.


Title: Re: Should We Trust Blockchain ?
Post by: valek.bruno on January 22, 2019, 05:21:35 PM
As far as I understand the work process of the blockchain technology today, I can say that there is no point in not trusting this technology, because today there is every reason to believe that this technology is unique.


Title: Re: Should We Trust Blockchain ?
Post by: Saint1990 on January 22, 2019, 10:40:22 PM
A blockchain is a continuously growing, append-only, list of records called blocks or transaction secured by the cryptography which not hack-able. The exchange gets hacked due to security breaches in the codes. Exchange which uses hot wallets are prone to get hacked usually as compare to exchange which store cryptocurrencies in cold wallet.


Title: Re: Should We Trust Blockchain ?
Post by: makishart on January 22, 2019, 11:23:41 PM
A blockchain is a continuously growing, append-only, list of records called blocks or transaction secured by the cryptography which not hack-able. The exchange gets hacked due to security breaches in the codes. Exchange which uses hot wallets are prone to get hacked usually as compare to exchange which store cryptocurrencies in cold wallet.
As long as it's not getting 51% and the blockchain will fine and remember 51% is the only possible thing to create an attack to the blokchain itself.
Hot wallet doesn't have a lot of protection. It much better if the blockchain try to create such a decentralized wallet.


Title: Re: Should We Trust Blockchain ?
Post by: mastersay on January 24, 2019, 06:06:23 AM
Yes of course we can trust blockchain. And to clear up, the blockchain was not really involve for the recent accident on cryptopia exchange. We can blame the cryptopia himself for the incident, because of their security that may be vulnerable to some serious hacker attacks. Blockchain cannot be doctored.


Title: Re: Should We Trust Blockchain ?
Post by: fuer44 on January 24, 2019, 06:11:29 AM
Yes blockchain can't be hacked and data there can't be modified.
Your concern is the security of the exchange and its not the technology itself.
They use a certain way to secure their exchange.
Blockchain is the technology that we use for transfers, if the hacker goes on their site and successful got in.
They can easily use the funds and transfer it, the problem lies to the backdoor not with blockchain.
yes, if the technology (blockchain) is not guilty of what happened in the case of theft. if that happens on an exchanger, then the exchanger must be questioned about its security, not the blockchain.


Title: Re: Should We Trust Blockchain ?
Post by: Rapidgator on January 24, 2019, 10:25:54 PM
Yes of course we can trust blockchain. And to clear up, the blockchain was not really involve for the recent accident on cryptopia exchange. We can blame the cryptopia himself for the incident, because of their security that may be vulnerable to some serious hacker attacks. Blockchain cannot be doctored.

First of all cryptopia is a centralized exchange not decentralized so I don't know why are you bringing here this example of "blockchain technology problems"?


Title: Re: Should We Trust Blockchain ?
Post by: starblocks on January 25, 2019, 03:06:36 AM
Blockchains themselves aren't easy to hack, but they are vulnerable to what is known as a "double spend" or 51% attack which is quite hard to achieve if the hash power that secures them is distributed equally amongst a majority of miners, but what you appear to be referring to is an issue to do with exchange security which is another thing altogether and unfortunately only a small percentage of top exchanges have been awarded a B or higher rating in this area so make sure you take all the necessary precautions when using them


Title: Re: Should We Trust Blockchain ?
Post by: libert19 on January 25, 2019, 04:01:43 AM
Yes Blockchain is trusted unless there is some single party who owns most of network.

What you said about exchanges don't make sense, exchanges just manage Blockchain assets.


Title: Re: Should We Trust Blockchain ?
Post by: kuverty on January 28, 2019, 08:54:36 AM
The entire point of blockchain and decentralization is to develop a trust. If you are here to exploit the system the system will weed you out. That's the entire point of smart-money.


Title: Re: Should We Trust Blockchain ?
Post by: 714 on January 28, 2019, 09:01:57 AM
I fully believe in blockchian technology, clearly the security and anonymity of blockchian technology is very wonderful. I was only anxious to put my money on the exchanges, and hackers could easily break into the trading floor and steal money.


Title: Re: Should We Trust Blockchain ?
Post by: Volk-05 on January 28, 2019, 01:33:40 PM
Blockchain can not be cracked, at least for now, but still I think the time will come and get to it!


Title: Re: Should We Trust Blockchain ?
Post by: e@symode on January 28, 2019, 02:03:17 PM
It seems to me that the question actually puts at risk all the industry in which today a huge amount of money is running in. Therefore, it seems to me that today it makes sense to say that the technology as a whole is working properly.


Title: Re: Should We Trust Blockchain ?
Post by: kiansantan on January 28, 2019, 02:08:52 PM
I believe in crypto I think this is very important because here there are many opportunities that can make money. But we also have to be careful in doing anything and do not act that makes you suffer losses.


Title: Re: Should We Trust Blockchain ?
Post by: goolesby on January 28, 2019, 02:14:29 PM
If we have decided to be part of crypto world, I'm really sure that I must believe in the blockchain technology. So far, this technology really grows so faster, offering the generous concepts of the projects. We cannot stop it. Many are legit but many are also scams. That is why, blockchain will really give the upsides by itself.


Title: Re: Should We Trust Blockchain ?
Post by: jakasantosa on January 28, 2019, 02:20:44 PM
If the Blockchain can be hacked then there will be no crypto market that wants to trade crypto coins. Because all crypto markets use technology called blockchain. So the conclusion of Blockchain is very trusted for everything related to cryptocurrency trading.


Title: Re: Should We Trust Blockchain ?
Post by: forexandcryptoauditor on January 28, 2019, 02:35:27 PM
As far as I know, from my point of view, Blockchain is fully secured along with its transparency feature.
Due to proof of concept, consensus or agreement algorithm, this is most trustworthy ecosystem.
The hacking issue are not with in the blockchain area. The exchanges are not built on blockcahin technology. These are simple applications for example forex trading. Since they are not applying enough security measures and off course, due to lack of regulations , these are prone to cyber attacks.

So blockchain itself is trustworthy but the applications outside it or built on it are not secure.


Title: Re: Should We Trust Blockchain ?
Post by: drrekkty on January 28, 2019, 02:48:54 PM
Blockchain is transparent, how can't you trust to blockchain? Crypto based on trust to blockchain, so how can you have any doubt in this activity?
As for me it is basis and only attack 51% can change network


Title: Re: Should We Trust Blockchain ?
Post by: andrejka on January 28, 2019, 03:03:42 PM
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 ?... 

Because all these exchanges have nothing to do with blockchain, they are centralized and thus quite vulnerable. But look at all those decentralized exchanged fully built on blockchain. There is not a sinle hack there and won't be)) Concerning ETH they didn't suspend anything they are just playing for time in such market conditions like everyone else do...


Title: Re: Should We Trust Blockchain ?
Post by: ameliana on January 28, 2019, 03:11:01 PM
Blockchain is transparent, how can't you trust to blockchain? Crypto based on trust to blockchain, so how can you have any doubt in this activity?
As for me it is basis and only attack 51% can change network
even many experts say if the blockchain won't die because blockchain technology is very efficient and versatile.
they say if crypto can die but not for the blockchain. so I think we can trust the blockchain.


Title: Re: Should We Trust Blockchain ?
Post by: Sri rahayu on January 28, 2019, 03:18:27 PM
I believe in crypto I think this is very important because here there are many opportunities that can make money. But we also have to be careful in doing anything and do not act that makes you suffer losses.
what you say, you don't read what is being discussed, I hope you read first before reply on the thread.
 About exchanges being hacked, because their security system is still lacking, and must be corrected immediately. The blockchain is different matter of the discuss , and the blockchain will still be used and will grow further in the future and I believe it.

Hacker will hack the server, not the blockchain


Title: Re: Should We Trust Blockchain ?
Post by: MikeyVeez on January 28, 2019, 03:25:40 PM
Blockchain is the thing that should bring trust to the market. Thanks to smart-contract we do not need an intermediary or judge. Even you do not know the person with whom you deal, but thanks to blockchain you can be sure that everything will be okay.


Title: Re: Should We Trust Blockchain ?
Post by: voltesbit777 on January 28, 2019, 03:41:47 PM
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 ?... 

Yes why not. Blockchain for me is the one really to solve the corruption in all countries in the entire world. If they just only know what is the benefits of Blockchain, for sure majority of the country would become prosperous in the near future. And I do agreed that it can't be hack by the hackers easily, instead it will be hard for them to steal it.


Title: Re: Should We Trust Blockchain ?
Post by: indrakusumaindra on January 28, 2019, 03:44:46 PM
The comment above is absolutely correct. Centralized exchanges spend very little attention on security and a lot of attention on making big profits. I am sure that this is not the last major and successful hacker attack on the stock exchange (there are thoughts that Cryptopia itself arranged this attack in order to get the money of its clients).
Do not keep your money on the exchanges!
Yes i do agree that decentralized is better and we should trust blockchain technology cause its more transparant and more safer in term of security.


Title: Re: Should We Trust Blockchain ?
Post by: CryptoBuds on January 28, 2019, 03:46:43 PM
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 ?... 

Exact the same things happened with credit cards for a pretty long time since their appearance. Same things were with the wild west, when every now and then banks were robbed. The crypto is young and there is a lot things should been done to bring crypto to the mainstream.


Title: Re: Should We Trust Blockchain ?
Post by: Maknae09 on January 28, 2019, 03:59:08 PM
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 ?... 
How could you possibly say that if there are billions and billions of dollar circulating through block chain? Well, yes it is still vulnerable but think of the bright side such as it just need many hashpower and it is strong enough.


Title: Re: Should We Trust Blockchain ?
Post by: bitcoindusts on January 28, 2019, 04:19:45 PM
Everything can be hacked, nothing is impossible to the technology. But the characteristic of Blockchain which consists of hash is very difficult to crack. It is not practical to hack blockchain becauae of expenses. Everything will be affected. Should I trust Blockchain? Of course YES!


Title: Re: Should We Trust Blockchain ?
Post by: trade2winnn on January 28, 2019, 04:40:36 PM
For me it is more safe than a Bank,so how can you keep your tokens in your wallet,which is tied only to you,and others do not have access to it,so Yes,there are very large advantages,plus there were cases when banks are just a bunch of people threw for them and that's not what it was,and where garnotii what else it is not?


Title: Re: Should We Trust Blockchain ?
Post by: neli234 on January 28, 2019, 04:46:32 PM
If you don't trust your property on the floor, you should buy a hard wallet and transfer all the coins in it (keep your key carefully). I still keep most of them on Binance, if the loss they will compensate me


Title: Re: Should We Trust Blockchain ?
Post by: chriseasan on January 28, 2019, 05:33:32 PM
Blockchain could be hacked and as you see there are enough examples of doing it. The point of trust is the lack of the third party and that people can exchange, share, or buy funds from each other without paying any fees.


Title: Re: Should We Trust Blockchain ?
Post by: TooDumbForBitcoin on January 28, 2019, 05:49:02 PM
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 ?... 

What a shame... You need to read not only a headers of articles. This exchanges are centralized pieces of shit. As for Ethereum it wasn't a bug, it is additional take care about smart contract programmers who will write code with the one old principle what  can make this contract vulnerable


Title: Re: Should We Trust Blockchain ?
Post by: cytpoway121 on January 28, 2019, 05:51:39 PM
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 ?... 

It is true they said that Blockchain can not be hacked
But I do not see crypto currency as an perfect Blockchain , it’s more like a tip of what Blockchain is generally

But are they deceiving us ? I’m not sure what to tell


Title: Re: Should We Trust Blockchain ?
Post by: tonibyuzen on January 28, 2019, 06:26:50 PM
Blockchain technology has nothing to do with exchanges, exchanges are centralized and this is one of the main problems. The blockchain technology itself is really safe. Every exchange user should understand that they are intended for trading, but are not suitable for storing your coins. Therefore, you should think about your own safety and keep your coins in your wallet.


Title: Re: Should We Trust Blockchain ?
Post by: atjiat on January 28, 2019, 07:15:56 PM
Blockchain technology has nothing to do with exchanges, exchanges are centralized and this is one of the main problems. The blockchain technology itself is really safe. Every exchange user should understand that they are intended for trading, but are not suitable for storing your coins. Therefore, you should think about your own safety and keep your coins in your wallet.
It seems to me that security problems in the means of many cryptocurrency users are of a special nature, and in the first place it does not concern the blockchain technology itself. If we take into account the security of the ethereum tokens, then their safety depends primarily on the user's care and his safe actions.


Title: Re: Should We Trust Blockchain ?
Post by: Hoofprint on January 28, 2019, 07:49:57 PM
Blockchain is a technology for storing data and information about the processing of this data. Due to the fact that this data is stored on many computers at the same time, the blockchain is really safe and not subject to hacking. But exchanges do not use blockchain technology, they are centralized and this makes them vulnerable to hacker attacks.


Title: Re: Should We Trust Blockchain ?
Post by: ataki on January 28, 2019, 08:02:37 PM
ETH rescheduled Constantinople upgrade as the code audit discovered some dangerous security vulnerabilities to ETH smart contracts. It has nothing to do with the hackers. The blockchain is safe, the hackers are attacking the exchanges and the devices we use. We have to be cautious and protect our devices maximally.


Title: Re: Should We Trust Blockchain ?
Post by: Gab20 on January 28, 2019, 09:49:29 PM
Immutability is a unique characteristic of blockchain and that is not a mistake.
As for the exchanges that were reportedly hacked, well we cannot yet conclude if they were hacked.
What everyone needs to know is that, the coins stolen were stored in on a central server, where if hacked,


Title: Re: Should We Trust Blockchain ?
Post by: letyouearn on January 29, 2019, 03:59:49 PM
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 is just a new technology. It's too raw still. So, it's obvious that some breaks and hackings will happen in the nearest years. This will happen often until developers will learn on their mistakes and improve their security systems enough to withstand all these attacks.


Title: Re: Should We Trust Blockchain ?
Post by: boty on January 29, 2019, 05:41:27 PM
of course you have to trust the blockchain and with blockchain technology it can be very useful to make payments and record encrypted data and all transactions can be recorded and can be seen by everyone, so I think this blockchain is the technology that should be able believed in.


Title: Re: Should We Trust Blockchain ?
Post by: macstrong12 on January 29, 2019, 06:42:13 PM
We are using bank system now and it means we are trusting banks and people can manipulate numbers in banks because they are centralized, I would rather trust to numbers instead of people, It is always safer because 2+2 is always equal to 4.


Title: Re: Should We Trust Blockchain ?
Post by: tbossmitche on January 29, 2019, 07:44:08 PM
I think we are actually have some things mixed up here. Blockchain in itself cannot be hacked and executed activities cannot be modified or reversed. That is to say, the technology is as secure as you can hope for. The security concern we really do have with cryptocurrency exchange platforms is not actually about blockchain technology itself. These exchange platforms often use $iffering ways to secure their exchanges. This directly means that hackers can find their way around security measures on exchange platforms and help themselves to the funds of users.

The problem is simply with the exchange platforms and not with blockchain technology.


Title: Re: Should We Trust Blockchain ?
Post by: semobo on January 29, 2019, 08:17:29 PM
We are using bank system now and it means we are trusting banks and people can manipulate numbers in banks because they are centralized, I would rather trust to numbers instead of people, It is always safer because 2+2 is always equal to 4.
Don't trust anybody is the principle of decentralization so it's better to trust ourself then trusting a trusted third party right.
But exchanges are not using blockchain to store any cryptocurrencies so the hacks where happening due to the low security of exchange not due to the problem with blockchain technology.


Title: Re: Should We Trust Blockchain ?
Post by: smithelemuo on January 29, 2019, 10:53:31 PM
Blockchain is the mother of the cryptocurrency inventions. It is pretty trustworthy. There is a chance that cryptocurrencies may fail, but blockchain technology will certainly remain or be modified


Title: Re: Should We Trust Blockchain ?
Post by: maxilopez on January 29, 2019, 11:06:25 PM
I am sure that it will never be better to be hacked and you should not doubt it.BTC


Title: Re: Should We Trust Blockchain ?
Post by: Barinerro on January 29, 2019, 11:16:12 PM
Blockchain is the mother of the cryptocurrency inventions. It is pretty trustworthy. There is a chance that cryptocurrencies may fail, but blockchain technology will certainly remain or be modified
At the moment, I think the blockchain has worked well and is unlikely to be something different changed , I think the blockchain will exist until it comes to replacing another technology but for now it is much better than Fiat money


Title: Re: Should We Trust Blockchain ?
Post by: TastyChillySauce00 on January 29, 2019, 11:18:27 PM
Blockchain is the mother of the cryptocurrency inventions. It is pretty trustworthy. There is a chance that cryptocurrencies may fail, but blockchain technology will certainly remain or be modified
it is not pretty trustworthy but it is absolutely trustworthy
There is no way a blockchain which programmed.properly and verified ny the whole community by making it open source could think by itself and scamming people.


Title: Re: Should We Trust Blockchain ?
Post by: a4techer on January 29, 2019, 11:21:14 PM
Yes we can trust blockchain because  this is the center of all data that connected on altcoins and now some of banks and establishment was now using blockchain to store data so it means the security was not easy to hacked  but we don't  know how the hackers do for them to hack it.


Title: Re: Should We Trust Blockchain ?
Post by: Matthewmorris4 on January 29, 2019, 11:43:40 PM
Of course yes. I think it's the unique thing which we can trust. These news with cryptopia doesn't make any influence on the whole market. Blockchain projects are still confident. I wish more people will start using them.


I'm also sure that we really have to trust the blockchain too, even though the blockchain is still down, but we just believe that something good will happen suddenly and make us happy not only temporarily.

but the longer it will be more difficult, because in addition to the mental traders, fundamentally the current conditions do not support the development of a whole cryptospace, Its very bad to facing a market with this, maybe only some point that could be statment blockchin can be trust


Title: Re: Should We Trust Blockchain ?
Post by: Akpuv on January 29, 2019, 11:55:06 PM
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 ?... 
The security breaches experienced in those top exchanges is a huge call for concern. Imagine if the blockchain technology is used in a national election voting system and it got hacked, it means the elections will not be credible.


Title: Re: Should We Trust Blockchain ?
Post by: Lexurdania on January 30, 2019, 01:01:33 AM
Blockchain technology should be secure. Hackers can steal our coin and token because we not saving our private key. If we keep private key safe and not share it to anyone, i am believe our wallet secure and we should always aware on suspicious link


Title: Re: Should We Trust Blockchain ?
Post by: akram143 on January 30, 2019, 01:06:25 AM
Of course yes. I think it's the unique thing which we can trust. These news with cryptopia doesn't make any influence on the whole market. Blockchain projects are still confident. I wish more people will start using them.


I'm also sure that we really have to trust the blockchain too, even though the blockchain is still down, but we just believe that something good will happen suddenly and make us happy not only temporarily.

but the longer it will be more difficult, because in addition to the mental traders, fundamentally the current conditions do not support the development of a whole cryptospace, Its very bad to facing a market with this, maybe only some point that could be statment blockchin can be trust
The experience the people are definitely say blockchain is the best way to make money and they don't have doubt about their investment still in this situation also but then you people are the big problem they invest some amount in an Crypto but they are get their investment very soon it will be the main problem going on here if it was reduced then the value will definitely grow again for all the Crypto.


Title: Re: Should We Trust Blockchain ?
Post by: glendall on January 30, 2019, 02:18:36 AM
all the events that you mention are like exchangers that get hacker attacks or ETH that delay hardfork,
This is not because of using blockchain technology, but blockchain technology really makes it easier for us to make transactions,
if I see a hacker attack occurring because the security at the exchanger is not good enough.


Title: Re: Should We Trust Blockchain ?
Post by: lutcor on February 14, 2019, 04:18:50 PM
Most likely, yes, because today there is no information that would say that the blockchain can be hacked, you understand that this is generally impossible, because there is a POW protocol