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Author Topic: how strong is bitcoin really?  (Read 54916 times)
jonahmarieaton101
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September 25, 2016, 06:18:30 AM
 #321

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
Your friend said that? Oh come on! No can can hack it using only calculator. For me, there were no chance to predict gambling bets using only with and correct formulas or should i say "calculator". Because i know bitcoin is very strong that we think, it useful in earning money and even comparing it to other things. Bitcoin is better than any things.
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September 25, 2016, 06:23:26 AM
 #322

Bitcoin is strong, stronger than you think, up until now i haven't heard any party claims that they successfully hacked bitcoin account by decrypting, so i think bitcoin security is pretty solid
correctly . bitcoin security is very safe and strong. events that happened several months yesterday as hacking is the fault of the owner websites that do not maintain the security of their website.

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September 25, 2016, 06:45:17 AM
 #323

Bitcoin is strong, stronger than you think, up until now i haven't heard any party claims that they successfully hacked bitcoin account by decrypting, so i think bitcoin security is pretty solid
Yes, SHA256 algorithm so stronger than our imaginable levels. That is the reason many experts here comparing its toughness with survival of our universe. Until we are safe with this solar system, bitcoin will remain safer and stronger to serve for us.

To explain how strong bitcoin is really, only examples could do a right explanation, survival of our solar system must be one of them.

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September 25, 2016, 05:13:24 PM
 #324

its always good to have Satoshi Nakamoto as your friend...with a calculator Grin
on a more serious note:OP should read more about blockchain technology in general,private keys and crypto algorythms before starting a topic
many banks consider implementing blockchain technology into their business structures and the bankers should know a thing or two about security and safe storage
for example read this article:
http://www.forbes.com/sites/bernardmarr/2016/05/27/how-blockchain-technology-could-change-the-world/#4e45ce9d49e0

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September 25, 2016, 06:10:26 PM
 #325

It is still hackable but though and people puts so much trust in bitcoin so,
Even hacks wont really destroy it. It is really stronger than most people believe.

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.JINBI..

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September 25, 2016, 06:14:12 PM
 #326

It is still hackable but though and people puts so much trust in bitcoin so,
Even hacks wont really destroy it. It is really stronger than most people believe.
For now we can not say that bitcoin network can be hack if they are holding a good thing daily changes in their security we can trace and monitor the block chain because they are doing a great job..  but hacking still possible that i hope it will not happen in the future..

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September 25, 2016, 06:20:20 PM
 #327

bitcoin is very strong with leaders from big corporations and it will never be destroyed in crptocurrency world in this century because it will provably change real money which we can touch
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September 25, 2016, 06:21:45 PM
 #328

It is still hackable but though and people puts so much trust in bitcoin so,
Even hacks wont really destroy it. It is really stronger than most people believe.

If Bitcoin was hackable, it would have been down until now dozens of times. Also, hacking it means the price going under $1 in an hour if not a minute. Nobody would EVER buy it again.
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September 25, 2016, 06:26:37 PM
 #329

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

Your friend is an idiot, no offence.
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September 25, 2016, 11:04:23 PM
 #330

bitcoin is very strong with leaders from big corporations and it will never be destroyed in crptocurrency world in this century because it will provably change real money which we can touch

Not all leaders from big corporation are able to adopt bitcoin even though we all know that bitcoin is really a strong currency. And it is strong to the point that no one is going to be able to breach the bitcoin network. So I am sure that this is the strongest crytpo currency in the whole world because no one can hack it.



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coin_gambler
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September 26, 2016, 12:56:35 AM
 #331

Bitcoin is strong, stronger than you think, up until now i haven't heard any party claims that they successfully hacked bitcoin account by decrypting, so i think bitcoin security is pretty solid
yeah it is the perfect currency that is never going to fail in my opinion and make us all some decent profit
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September 26, 2016, 01:09:29 AM
 #332

Bitcoin is strong, stronger than you think, up until now i haven't heard any party claims that they successfully hacked bitcoin account by decrypting, so i think bitcoin security is pretty solid
well if you hold your bitcoins in an online wallet it can be easily hacked and you would lose everything you hold

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September 26, 2016, 04:12:45 PM
 #333

For me 99.87% is the average strong of bitcoin . It is now a very successful crypto currency and it gives big opportunity to the jobless people in the society. Bitcoin has a big contributions to people who are seeking online job so that they can earn and provides their needs.
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September 28, 2016, 01:12:53 PM
 #334

it lasted till now since it was first made, survived tons of bumps and dumps and gained ground despite the initial extremely negative way of thinking about it, I consider bitcoins strong and was consistent at that, I guess this is mainly because it fills a certain need and it remains as long as people need it.
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September 28, 2016, 01:29:12 PM
 #335

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
Your friend is starting hit borderline retarded levels when it comes to oversimplifying how Bitcoin and it's security works. You can't calculate things that have a specific encryption key just because you have the right formulas. If that was how it worked encryption would be useless and nothing would work when it comes to any form of security. Tell him to go and read how encryption works and why it isn't just "some math calculation".
I dont think bitcoins are really strong becuase it is easily to hack the bitcoins because the ones who hacked are never traceable so hackin g is quiet easy job for them and you are only getting rid.
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September 28, 2016, 01:29:17 PM
 #336

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

Your friend is quite some dreamer if he can thinks that he can predict gambling bets. Of course he maybe right if he wants to hack the MD5 Hash of a single spin but casinos are bit forward of him. They only leave a seed of MD5 to verify for only a few minutes so no chances to hack such things. Bitcoin so far in its 7 years of life is not breached in security. All the cases of hacks and steals is because of user fault. So bitcoin is as strong as it can be.
I dont think bitcoins are very strong but when you ned them they are always there because bitcoins wont disappear because of the many users he has you know.
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September 28, 2016, 01:51:50 PM
 #337

Bitcoin is pretty strong I would imagine. There's lot's of big investors in bitcoin who got alot of money way more than me in bitcoin.
So I am not worried cause hackers would rather target big wallets but it seems they are still doing fine.
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September 28, 2016, 04:55:30 PM
 #338

Bitcoin is pretty strong I would imagine. There's lot's of big investors in bitcoin who got alot of money way more than me in bitcoin.
So I am not worried cause hackers would rather target big wallets but it seems they are still doing fine.
There are various hackers. There are strong and there are newcomers. Each victim is in their teeth. So do not be so sure. It is better to take care of what you have closely.
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September 28, 2016, 05:05:15 PM
 #339

Bitcoin is pretty strong I would imagine. There's lot's of big investors in bitcoin who got alot of money way more than me in bitcoin.
So I am not worried cause hackers would rather target big wallets but it seems they are still doing fine.
There are various hackers. There are strong and there are newcomers. Each victim is in their teeth. So do not be so sure. It is better to take care of what you have closely.
Many hackers online are using bruteforce or monitor cookies of ip's if they get the data and monitor your ip good luck to your account you will be hack.. or
They are sending and spreading a virus called ransomeware that can lock all your files in your computer they are asking to pay for passphrase to open up again all your files with bitcoin.. they are just the same as scammers they are just using their brain to hack some and to live in bitcoin unlike in paypal that you can reverse the payment once you deal in scammers.

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September 28, 2016, 05:08:56 PM
 #340

Bitcoin is pretty strong I would imagine. There's lot's of big investors in bitcoin who got alot of money way more than me in bitcoin.
So I am not worried cause hackers would rather target big wallets but it seems they are still doing fine.
There are various hackers. There are strong and there are newcomers. Each victim is in their teeth. So do not be so sure. It is better to take care of what you have closely.

This is why I have split up my money in many paper wallets. I'm now more secure, and doing it correctly can make it impossible for one hacker to get your data. I have split all my money in 0.01 wallets, so.. Yeah Cheesy also, hacking the Bitcoin addresses isn't as easy as bruteforce is. Bitcoin is very secure and if that was the case..... Many rich Bitcoin addresses (especially the top 5, you can find the list on Google) would have been taken down already.
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