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Author Topic: how strong is bitcoin really?  (Read 52046 times)
mackenzied
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April 20, 2017, 11:47:04 AM
 #1001

Bitcoin is not that strong if you really think about it, brute-forcing the passwords is possible so Bitcoin is not that secure.

Bitcoin is really safe, it's very hard to hack, it's never hacked. Currently, there is a large amount of bitcoin in the world, it is carrying a great value, if it is really easy to hack, it has been happening continuously, however, we do not see any information. I'm sure many hackers want to do that, but they have not been able to carry out their plot.

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Mumbeeptind1963
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April 20, 2017, 02:31:07 PM
 #1002

We know that bitcoin is strong and all the wallets have milletry grade security but one of my stupid friend today said that maybe someone can hack it with just a calculater because with math and correct formulas we can even predict gambling bets if that is possible then maybe there is any chance of this

I dont know but im sure it has good enough because many people are investing on it and earning as well, so in the previous years it already build up its foundation in the cryptocurrency world.

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April 20, 2017, 03:01:55 PM
 #1003

Bitcoin is not that strong if you really think about it, brute-forcing the passwords is possible so Bitcoin is not that secure.

this is unlikely to happen as long as you have set a strong password. brute-forcing may take centuries

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April 22, 2017, 08:14:38 AM
 #1004

It's quite secure if you keep your private keys secure! We should see better solutions beyond hardware wallets in the future. Those are quite expensive.

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April 22, 2017, 03:51:05 PM
 #1005

i think Bitcoin had proven its strength already. Just value looking on its value when it started up to its current value, from $.3 to $1120, we can conclude that Bitcoin is really strong. Actually even stronger than some currencies we knew.  And it keeps on growing stronger as time goes by.

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April 22, 2017, 11:42:26 PM
 #1006

i think Bitcoin had proven its strength already. Just value looking on its value when it started up to its current value, from $.3 to $1120, we can conclude that Bitcoin is really strong. Actually even stronger than some currencies we knew.  And it keeps on growing stronger as time goes by.
Bitcoin is surging now and this would not be possible without the trust of the people who keep pushing it, we are surely gonna hit $1,300 and this is another milestone of success. For people who think that bitcoin is not strong, just simply look at the chart and see how the value have grown big.

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April 23, 2017, 01:41:48 AM
 #1007

We know that bitcoin is strong and all the wallets have milletry grade security but one of my stupid friend today said that maybe someone can hack it with just a calculater because with math and correct formulas we can even predict gambling bets if that is possible then maybe there is any chance of this

It's stronger than we imagine.
i think your friend was just joking, bitcoin is really very strong, if it was easy to hack bitcoin then how bitcoin has such high price and how it has become such popular currency? All the bitcoin wallets are highly secured, it is not east to hack it with calculator or any formulas.

I doubt about his friend joking. It's just that his friend does not know bitcoin too well. I would also like to say that no one claims that bitcoin is easy to be hacked. Even his friend did not say such thing. Hacking bitcoin is just possible in a way, however, this is a difficult task to accomplish and as of today, bitcoin has proven it's strength regarding security.

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April 23, 2017, 05:46:25 AM
 #1008

It's quite secure if you keep your private keys secure! We should see better solutions beyond hardware wallets in the future. Those are quite expensive.

Even if we do keep our private keys secure, if the community and miners split between Bitcoin Core and Bitcoin Unlimited, Bitcoin (both branches) will be weakened. We all have learnt over the years to keep our private keys secure.

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April 23, 2017, 05:50:08 AM
 #1009

We know that bitcoin is strong and all the wallets have milletry grade security but one of my stupid friend today said that maybe someone can hack it with just a calculater because with math and correct formulas we can even predict gambling bets if that is possible then maybe there is any chance of this

It's stronger than we imagine.
i think your friend was just joking, bitcoin is really very strong, if it was easy to hack bitcoin then how bitcoin has such high price and how it has become such popular currency? All the bitcoin wallets are highly secured, it is not east to hack it with calculator or any formulas.

I doubt about his friend joking. It's just that his friend does not know bitcoin too well. I would also like to say that no one claims that bitcoin is easy to be hacked. Even his friend did not say such thing. Hacking bitcoin is just possible in a way, however, this is a difficult task to accomplish and as of today, bitcoin has proven it's strength regarding security.
Bitcoin is still existing until now and that already prove how strong bitcoin is.
If one could hack the entire system it will take all our money and everything will be useless, although
it is possible but I don't think it will happen.

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April 27, 2017, 12:31:26 AM
 #1010

Time + experience + discoveries + development = technological evolution

We've been on the world war one and two where deciphering the messages sent and received by the enemies are crucial. The enigma machine, Turing first computer, the abacus, Nikola Tesla's invention, these things are almost a miracle in the past and people have no idea how this was made or works. I'm saying this because Bitcoin can be crack but not on these days. Humans are not capable of this feat. In a hundred years or so, then maybe. But of course this cryptocurrencies are going on with the flow of technology too which they may soon improve too.

The never ending evolution will make this hard. Even if we crack it in the future there are always be a better and something cant be crack again.

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notyours
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April 27, 2017, 03:12:45 AM
 #1011

We know that bitcoin is strong and all the wallets have milletry grade security but one of my stupid friend today said that maybe someone can hack it with just a calculater because with math and correct formulas we can even predict gambling bets if that is possible then maybe there is any chance of this

It's stronger than we imagine.
i think your friend was just joking, bitcoin is really very strong, if it was easy to hack bitcoin then how bitcoin has such high price and how it has become such popular currency? All the bitcoin wallets are highly secured, it is not east to hack it with calculator or any formulas.

I doubt about his friend joking. It's just that his friend does not know bitcoin too well. I would also like to say that no one claims that bitcoin is easy to be hacked. Even his friend did not say such thing. Hacking bitcoin is just possible in a way, however, this is a difficult task to accomplish and as of today, bitcoin has proven it's strength regarding security.

And the history can back it up. Imagine how long has Bitcoin running and still keeps running despite all the attacks it successfully defend it that earns its reputation that can be proven by the increasing number of users worldwide. Your friend is still ignorant about Bitcoin maybe he can try to research it and maybe it will get his interest to join Bitcoin.

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April 27, 2017, 03:20:50 AM
 #1012

Time + experience + discoveries + development = technological evolution

We've been on the world war one and two where deciphering the messages sent and received by the enemies are crucial. The enigma machine, Turing first computer, the abacus Nikola Tesla's invention, these things are almost a miracle in the past and people have no idea how this was made or works. I'm saying this because Bitcoin can be crack but not on these days. Humans are not capable of this feat. In a hundred years or so, then maybe. But of course this cryptocurrencies are going on with the flow of technology too which they may soon improve too.

The never ending evolution will make this hard. Even if we carck it in the future there are always be a better and something cant be crack again.

Bitcoin is a perfect complement of the cryptology that has always been championed by alan touring in the past, bitcoin has the power to be very valuable and can be traded as a currency, in terms of security I believe if 50% of the world is able to hack the bitcoin security system (crackers) There are 50% (hackers) more people able to anticipate their attacks, so don't worry too much about this.


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April 27, 2017, 03:35:10 AM
 #1013

We know that bitcoin is strong and all the wallets have milletry grade security but one of my stupid friend today said that maybe someone can hack it with just a calculater because with math and correct formulas we can even predict gambling bets if that is possible then maybe there is any chance of this

It's stronger than we imagine.
i think your friend was just joking, bitcoin is really very strong, if it was easy to hack bitcoin then how bitcoin has such high price and how it has become such popular currency? All the bitcoin wallets are highly secured, it is not east to hack it with calculator or any formulas.

I doubt about his friend joking. It's just that his friend does not know bitcoin too well. I would also like to say that no one claims that bitcoin is easy to be hacked. Even his friend did not say such thing. Hacking bitcoin is just possible in a way, however, this is a difficult task to accomplish and as of today, bitcoin has proven it's strength regarding security.



And the history can back it up. Imagine how long has Bitcoin running and still keeps running despite all the attacks it successfully defend it that earns its reputation that can be proven by the increasing number of users worldwide. Your friend is still ignorant about Bitcoin maybe he can try to research it and maybe it will get his interest to join Bitcoin.

you are right bitcoin is running since 2009 then we could hear a ton of hacking events place on that year but no once can stop bitcoin then until know it is running. bitcoin is strong now lot of users worldwide and many users will be adopting bitcoin in their lives. Bitcoin prove their security long time ago.

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April 27, 2017, 07:41:33 AM
 #1014

I beleive bitcoin is going strong because of the price itself its becoming increasing daily. If we can notice price before since 2009 is too cheap and now its $1200 or more. And its wallet is secured and easy to use, so indeed its stronger that we can imagine.

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April 27, 2017, 10:26:53 AM
 #1015

I beleive bitcoin is going strong because of the price itself its becoming increasing daily. If we can notice price before since 2009 is too cheap and now its $1200 or more. And its wallet is secured and easy to use, so indeed its stronger that we can imagine.
Bitcoin is a true strong currency and years after years its getting stronger especially on its price now the price of bitcoin is around 1200 but soon it can reach 3k to 5k to 10k and more and more, so there is no doubt that bitcoin will be unstoppable soon. Just buy and keep holding because bitcoin never let us down to its surprises.

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April 27, 2017, 11:05:49 AM
 #1016

We know that bitcoin is strong and all the wallets have milletry grade security but one of my stupid friend today said that maybe someone can hack it with just a calculater because with math and correct formulas we can even predict gambling bets if that is possible then maybe there is any chance of this
it strong and it keep stronger in term of security it will only be possible for your friend if he/she have a better knowledge than the thousand computer that keep on calculating bitcoin network

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April 27, 2017, 11:11:03 AM
 #1017

Bitcoin is much stronger than any other digital currency as well have increased price than every fiat currency that's been used  around the entire nation. Year by year the price as well user scale is increasing, so we can expect the growth to continue for a long even when several altcoins gets used.

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April 27, 2017, 11:30:14 AM
 #1018

Bitcoin is very strong enough so stable even if some holders they want it to drop the price but they can't do anything because many holders and investor in bitcoin are they don't like that bitcoin drop the price.

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April 27, 2017, 11:38:04 AM
 #1019

Bitcoin is becoming strongest ever before because there are many people who still needs bitcoin for their daily usage, even big bag holders are kept holding the bitcoin for the future purpose. I think bitcoin is becoming the biggest change in Digital currency world.

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April 27, 2017, 12:45:11 PM
 #1020

Bitcoin is very strong enough so stable even if some holders they want it to drop the price but they can't do anything because many holders and investor in bitcoin are they don't like that bitcoin drop the price.

Bitcoin itself can not be self-stabilizing. Its stability depends on the market. While other altcoins grow at great speed, it does not really appeal to everyone, whereas bitcoin is loved by everyone, so it grows slowly but firmly. Not only that, the government is also a cause for strong bitcoin. Acceptance of bitcoin means bitcoin becomes a commercial currency of a country.

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