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Author Topic: Almost gave me a heart attack  (Read 2007 times)
Frosxh
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March 29, 2017, 02:31:57 AM
 #21

I do believe that too that bitcoin network can't be hacked, the fact that it stays as a top and popular digital currency is the proof. And I guess many people must be converting their bitcoin to other altcoins or assets that is more secured. But wallets can be hacked, and thats what happened from the recent hacked sites. I think if there are genius that can hack the system, gonna believe that he is a top hat hacker.

And not all hackers are that bad, there are also white hat hackers.

I disagree in the bolded part, bitcoin can be hacked but it is very hard, in the near future it might get hacked using super computers (we can't stop technology and we all know that) and if that happens, bitcoins will be very easy to hacked, the dev team might need to do some tweaks in the code (lets say security to be more secure)

etherparty
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March 29, 2017, 04:59:26 AM
 #22

I do believe that too that bitcoin network can't be hacked, the fact that it stays as a top and popular digital currency is the proof. And I guess many people must be converting their bitcoin to other altcoins or assets that is more secured. But wallets can be hacked, and thats what happened from the recent hacked sites. I think if there are genius that can hack the system, gonna believe that he is a top hat hacker.

And not all hackers are that bad, there are also white hat hackers.

I disagree in the bolded part, bitcoin can be hacked but it is very hard, in the near future it might get hacked using super computers (we can't stop technology and we all know that) and if that happens, bitcoins will be very easy to hacked, the dev team might need to do some tweaks in the code (lets say security to be more secure)

There will be ways to prevent hacks even with Quantum Computing, simply by changing some of the algorithms used. Also consider that by the time that happens encryption would have got better we'd hope.

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carlfebz2
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March 29, 2017, 10:05:54 AM
 #23

You are importing their public address, thus as you said it is watch only.

The only way you would be able to influence the coins on that address would be to import their private key.

In short, you cannot affect other users by importing a public address in watch only mode.
Hmm, I think seeing these kind of setup in your wallet will make someone greedy, making a plan or a trick to hack it, it is possible right?
I don't think there is a significant difference between watching a address by importing it to a wallet and what one can see with an explorer (like blockchain.info). I guess it will make some people wanting money the same as they would see some big bank accounts. Some of them will also try, but they will try to scam the users or hack them and their badly secured private keys. I doubt that many will try to hack Bitcoin, since this is next to impossible by most experts. 
No one could able to do that on hacking anothers address without any keys thats connected to it. Its impossible as of now on affecting the coins of someones address therefore we can only watch the amounts but we cant touch it no matter what that is why theres a private key as you do have it no one can touch your coins.

romero121
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March 29, 2017, 10:08:09 AM
 #24

You are importing their public address, thus as you said it is watch only.

The only way you would be able to influence the coins on that address would be to import their private key.

In short, you cannot affect other users by importing a public address in watch only mode.
Hmm, I think seeing these kind of setup in your wallet will make someone greedy, making a plan or a trick to hack it, it is possible right?
I don't think there is a significant difference between watching a address by importing it to a wallet and what one can see with an explorer (like blockchain.info). I guess it will make some people wanting money the same as they would see some big bank accounts. Some of them will also try, but they will try to scam the users or hack them and their badly secured private keys. I doubt that many will try to hack Bitcoin, since this is next to impossible by most experts. 
No one could able to do that on hacking anothers address without any keys thats connected to it. Its impossible as of now on affecting the coins of someones address therefore we can only watch the amounts but we cant touch it no matter what that is why theres a private key as you do have it no one can touch your coins.
As stated without the private key of the respective bitcoin wallet address one could not have control or access to the bitcoins that are stored within the wallet.

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Zicadis
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March 29, 2017, 02:55:58 PM
 #25

I do believe that too that bitcoin network can't be hacked, the fact that it stays as a top and popular digital currency is the proof. And I guess many people must be converting their bitcoin to other altcoins or assets that is more secured. But wallets can be hacked, and thats what happened from the recent hacked sites. I think if there are genius that can hack the system, gonna believe that he is a top hat hacker.

And not all hackers are that bad, there are also white hat hackers.

I disagree in the bolded part, bitcoin can be hacked but it is very hard, in the near future it might get hacked using super computers (we can't stop technology and we all know that) and if that happens, bitcoins will be very easy to hacked, the dev team might need to do some tweaks in the code (lets say security to be more secure)

the are slim chances of the bitcoin network being hacked
unless if you have a lot of computer power to dedicate and calculate the private key and get through primary security of the wallet
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