Is Bitcoin really unbreakable?

[Enotche]

presently its look like so. in future what will happen nobody know about that. but if we look at the present situation of the bitcoin its look prety good. it is look like unbreakable. is is expected that  the rate of bitcoin will increase in next few months. so we can expect that it will remain unbreakable in future specially in near future.

I agree with this aspect. Today Bitcoin, you can say, well received by the public. State banks and injected it into circulation, use. that only strengthens Bitcoin. Bitcoin increasingly gaining confidence, and thus becomes stronger.
However, I remembered that 60-70% Mining farms accounted for China. And if there is something wrong in China, and other countries will not be able to pick up the power ... scary to think what will happen.

[Divinespark]

The bitcoin protocol, like any other, is theoretically only unbreakable until it actually gets broken.
That said, it has been opensource and received numerous attacks over the last 7 years, that it seems reasonable to regard its overall security as fairly robust.

[Piltover]

presently its look like so. in future what will happen nobody know about that. but if we look at the present situation of the bitcoin its look prety good. it is look like unbreakable. is is expected that  the rate of bitcoin will increase in next few months. so we can expect that it will remain unbreakable in future specially in near future.

I agree with this aspect. Today Bitcoin, you can say, well received by the public. State banks and injected it into circulation, use. that only strengthens Bitcoin. Bitcoin increasingly gaining confidence, and thus becomes stronger.
However, I remembered that 60-70% Mining farms accounted for China. And if there is something wrong in China, and other countries will not be able to pick up the power ... scary to think what will happen.

There is always a change that it can break but that will not happen soon because you already can see also that the value is going to be more worth and it is becoming more popular.
So that is really nice but you are not for sure what will happen later with the Bitcoin and what you have to do with it.

[quintiilieo]

Everything's break in some point for now bitcoin is much more stable by this time. Its just like a glass if you cut it in half many times it will break. Same as bitcoin and from that moment some altcoins will replace bitcoin by then. So i think be vigilant on it what altcoin it will be. For now let's just enjoy bitcoin. 

[Superbitzz]

no one can say anything about the future. but this time its look like that bitcoin will keep itself stable. lets see whats happend in near future.

[groll]

Everybody says Bitcoin is unbreakable, set in stone, yadda yadda yadda. But it seems to me that this is not necessarily the case. Anything about bitcoin, including the amounts generated, method of transferring coins, size of blocks, time to mine blocks, etc. can be changed by changing the software, and in particular the reference client since so many miners use that. Really, if 51% of the bitcoin mining community agrees on a change and implements it, that blockchain will win out over time. So it's more of a democratizing of fiat rather than an unbreakable currency.

There have certainly been times in our history, even in the recent past, in which the country at large (US) has voted for a Keynesian monetary policy. Isn't it possible, even likely, that at some time in the future a majority of miners would simply implement software changes to increase the amount of bitcoins generated? The incentive to do so is rather large, is it not? Thoughts?

As you have said it bitcoin is not unbreakable. It is not a solid currency. It is not even legalized and there are no governing rules from the government in using bitcoins. Bitcoins are prone to hacking if the user is not careful and its price is unstable, though it is high today we do not know what will happen tomorrow.

[martinacar]

Well really, really everything is of course breakable but considering it for the bitcoin its just highly unlikely.
The bitcoin is just so strong and cannot be defeated in my eyes.

[outatime1]

I don't believe that bitcoin is unbreakable. Besides the technical side, there are no guarantees that bitcoin will fully catch on in the mainstream. It could just be a minor financial tool or just fail altogether. There are just no guarantees.

[avw1982]

Everything's break in some point for now bitcoin is much more stable by this time. Its just like a glass if you cut it in half many times it will break. Same as bitcoin and from that moment some altcoins will replace bitcoin by then. So i think be vigilant on it what altcoin it will be. For now let's just enjoy bitcoin. 

Yup Bitcoin price gonna be stable after halving, I won't accept which you said that, Altcoin will replace bitcoin then. Because I believe nothing we can compare with bitcoin while we looking at the current price hike.Really We should accepts this decentralized money is unbreakable at any moment...

[dearbesz1219]

Those member who gave their different opinions  here are really a big help to each everyone of us,..due to everybody or majority here they loved Bitcoins.  True it is totally now really unbreakable as time goes by of how the other business company adopt it and the mass adoption are actually so fast in the other countries.

[Maesters1-]

yes i hope so. the reason is that the popularity of the bitoicn is increasing day by day and there is not doubt this. people are entering in the world of bitcoin. they have trusted on bitoicn.

[AioFox]

presently its look like so. in future what will happen nobody know about that. but if we look at the present situation of the bitcoin its look prety good. it is look like unbreakable. is is expected that  the rate of bitcoin will increase in next few months. so we can expect that it will remain unbreakable in future specially in near future.

I agree with this aspect. Today Bitcoin, you can say, well received by the public. State banks and injected it into circulation, use. that only strengthens Bitcoin. Bitcoin increasingly gaining confidence, and thus becomes stronger.
However, I remembered that 60-70% Mining farms accounted for China. And if there is something wrong in China, and other countries will not be able to pick up the power ... scary to think what will happen.

So newly minted coins in each block has dropped from 25 BTC to 12.5 BTC.
Now we mine daily 1800 BTC in new coins and 100 BTC in tx fees. So tx fees went from being 0.00125% of the income a year back to the 3% of mining income they are today.
 ( Sorry if my calculations are flawed)
But you can see, mining does not stop when the minting of new coins stops.

[Bitcoin Foundation]

I would say that the way bitcoin break down is that there is in a couple of years a better alternative and that people simply changing currency...

[Xester]

Everybody says Bitcoin is unbreakable, set in stone, yadda yadda yadda. But it seems to me that this is not necessarily the case. Anything about bitcoin, including the amounts generated, method of transferring coins, size of blocks, time to mine blocks, etc. can be changed by changing the software, and in particular the reference client since so many miners use that. Really, if 51% of the bitcoin mining community agrees on a change and implements it, that blockchain will win out over time. So it's more of a democratizing of fiat rather than an unbreakable currency.

There have certainly been times in our history, even in the recent past, in which the country at large (US) has voted for a Keynesian monetary policy. Isn't it possible, even likely, that at some time in the future a majority of miners would simply implement software changes to increase the amount of bitcoins generated? The incentive to do so is rather large, is it not? Thoughts?

Bitcoin is a long way to go to replace fiat currency. The world is not ready for bitcoin as a legal tender. We even do not know if satoshi nakamoto made bitcoins to replace paper money. There are no exact words coming from him  that describes it. If there are it is not from him but from the financial analyst who observed bitcoin and made a theory that it can replace paper dollars.

[ASHLIUSZ]

I would say that the way bitcoin break down is that there is in a couple of years a better alternative and that people simply changing currency...

bitcoin can never be unbreakable or completely worthless even it is overtaken by other technologies, as it will always retain some value.

[Barbut]

Its a bit to much, and I doubt its unbreakable. Maybe I`m to hard with my opinion, but everything have beginning and the end. Its the nature of things, and we can not run away from that.
Yes its digital era, and technology is present everywhere, its a future. Bitcoin can be set in stone, but also something bad can happen, cause we all know that bad things happen all the time.
I will not think about this things, I will enjoy the moment and in everything that bitcoin provide me in this moment.

[KingdomHearts]

yes i hope so. the reason is that the popularity of the bitoicn is increasing day by day and there is not doubt this. people are entering in the world of bitcoin. they have trusted on bitoicn.

yes its true bitcoin get increasing popularity day to day and i think bitcoin will get more popularity in the future and i hope that bitcoin will be most famous currency of the world and it is the main reason of bitcoin is unbreakable currency .

[Kotone]

Everybody says Bitcoin is unbreakable, set in stone, yadda yadda yadda. But it seems to me that this is not necessarily the case. Anything about bitcoin, including the amounts generated, method of transferring coins, size of blocks, time to mine blocks, etc. can be changed by changing the software, and in particular the reference client since so many miners use that. Really, if 51% of the bitcoin mining community agrees on a change and implements it, that blockchain will win out over time. So it's more of a democratizing of fiat rather than an unbreakable currency.

There have certainly been times in our history, even in the recent past, in which the country at large (US) has voted for a Keynesian monetary policy. Isn't it possible, even likely, that at some time in the future a majority of miners would simply implement software changes to increase the amount of bitcoins generated? The incentive to do so is rather large, is it not? Thoughts?

This is a broad cryptocurrency nowadays and yet the top 1 cryptocurrency online. So I guess as of now, it is still unbreakable. And also, because of the members who are still using BTC, then this will be a big deal to the society. Maybe years from now, BTC value will be reduced. And so, this will be the breakdown of the BTC. There is no permanent in this world except CHANGE. BTC value may be vary. Who knows ? But as I mentioned earlier, BTC is still unbreakable but who knows when do it end ? Who knows where do it end ? They say 21 Million BTC is the maximum capacity. And yet we are on 75% on it. So there is a chance that BTC will break soon. Who knows when..

[TGD]

For now yes it is unbreakable , but we don't really know what will happen in the future of bitcoin, maybe in other next year bitcoin still unbreakable or vice versa would happen ,but I still believe in bitcoin what ever is happen.

[kryptqnick]

I think btc is unbreakable throughout its nature. Just like PGP keys