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Author Topic: how strong is bitcoin really?  (Read 54838 times)
Orion25
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September 29, 2016, 10:41:15 PM
 #341

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.
Then explain what happened to Bitfinex. Why do so many people lost their money. It is not easy and not everything is as you say.
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September 29, 2016, 11:58:25 PM
 #342

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.
Then explain what happened to Bitfinex. Why do so many people lost their money. It is not easy and not everything is as you say.
No one can explain what happened besides someone find a bug and exploited it, and this were made inside the bitfinex website, the bitcoins werent picked from those wallets directly, the script has some mistake that lead into the dark result, and some people do say it were a inside job, something we wont know never, they might be searching and may not find nothing.
Currently bitcoin security is something no one can break, or had tryed, the hash makes bitcoin powerful and safe, if hash got down at all the miners it may result into a lot attacks over bitcoin.
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September 30, 2016, 07:19:23 AM
 #343

People have been trying to hack bitcoin from years and of course there haven't been any success, The network is extremely strong and is secure enough to stand till now, I am sure it wouldn't be hacked with a calculator or anything like that ever IMO.

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September 30, 2016, 07:30:26 AM
 #344

People have been trying to hack bitcoin from years and of course there haven't been any success, The network is extremely strong and is secure enough to stand till now, I am sure it wouldn't be hacked with a calculator or anything like that ever IMO.
well hacker would prefer hacking wallet or takeover the addresses control from people that's vurnerable rather than trying hard to hack the network which people said near to impossible,and the fact that i've seen few people got hacked their wallet and none case of network hacking

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September 30, 2016, 08:29:16 AM
 #345

People have been trying to hack bitcoin from years and of course there haven't been any success, The network is extremely strong and is secure enough to stand till now, I am sure it wouldn't be hacked with a calculator or anything like that ever IMO.

There is some success in hacking the bitcoin related business. But the bitcoin itself is not hacked in the past.
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September 30, 2016, 08:40:57 AM
 #346

People have been trying to hack bitcoin from years and of course there haven't been any success, The network is extremely strong and is secure enough to stand till now, I am sure it wouldn't be hacked with a calculator or anything like that ever IMO.

Yeah I am confident about the network of bitcoin for it is really strong and it has been proven for a lot of time that is why if some are doubting the network security of bitcoin. We can just be confident and don't mind what they are saying for we know that what is the reality about bitcoin even there are some threats saying that they are going to be able to weaken bitcoins security, well if they think they can then they are crazy.

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September 30, 2016, 09:23:41 AM
 #347

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.
Then explain what happened to Bitfinex. Why do so many people lost their money. It is not easy and not everything is as you say.
No one can explain what happened besides someone find a bug and exploited it, and this were made inside the bitfinex website, the bitcoins werent picked from those wallets directly, the script has some mistake that lead into the dark result, and some people do say it were a inside job, something we wont know never, they might be searching and may not find nothing.
Currently bitcoin security is something no one can break, or had tryed, the hash makes bitcoin powerful and safe, if hash got down at all the miners it may result into a lot attacks over bitcoin.

It is said that the true quantum computing would instantaneously render the majority of cryptographic algorithms insecure and vulnerable. The security of the popular cryptographic algorithms including that of Bitcoin basically relies on the solution of difficult mathematical tasks (such as integer factorization), which can be efficiently solved on a sufficiently powerful quantum computer. In this regard, Bitcoin might not be as strong as we would want it to be, since the development of quantum computers is obviously a prime priority for the military and secret services, therefore it would without doubt be classified. In my view, what is common knowledge now might be years past real advances already made in the field. In other words, Bitcoin might have already been hacked, we just won't find out until it is too late.

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October 02, 2016, 08:40:13 AM
 #348

People have been trying to hack bitcoin from years and of course there haven't been any success, The network is extremely strong and is secure enough to stand till now, I am sure it wouldn't be hacked with a calculator or anything like that ever IMO.
Yes it is strong, very strong that's why hackers are failed for what they want about bitcoin. But if the time will come, if they would be successful for that then, we don't let that happen  Smiley
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October 02, 2016, 09:22:27 AM
 #349

Bitcoin is so strong that no other coin could surpass its market potential because it's the garner of all coin and without bitcoin cryptocurrency network is incomplete and all other coin's price is rated in btc and so btc is the best and most valued coin till now and I hope this will continue till cryptocurrency network lusts. Thanks bitcoin for hiring us chance to earn our pocket money by ourselves. Thanks bitcoin for making my life simple and easier
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October 02, 2016, 11:17:03 AM
 #350

For everyday increase the user of bitcoin and the investors also is increasing daily too in bitcoin world. I think with that things it can be consider as strong  actually, in fact there are other country are totally adopt the system of bitcoin to their citizens there.

                                 
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October 02, 2016, 02:32:44 PM
 #351

According to forecasts in the near future we will see an active and stable growth cryptocurrency. So I think that bitcoin has not yet revealed all its might.
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October 02, 2016, 02:57:19 PM
 #352

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 talking nonsense.


this define it all LOL, just because your friend read aboutt some non-sense article about bitcoin being easily hacked, and then it matches his thinking that with some math and calculation bitcoin will be hackable, a nonsense article supporting your friend's nonsense thinking. result an idiot idea.  If it is hackable by a  mere calculator then banks secruity systemhad been bridged by now.

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October 02, 2016, 03:00:57 PM
 #353

Bitcoin is really strong and becoming more strong as you can see there are lots of users who are making profit with bitcoin and there are using it also on there company.
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October 02, 2016, 03:03:01 PM
 #354

According to forecasts in the near future we will see an active and stable growth cryptocurrency. So I think that bitcoin has not yet revealed all its might.

forecasts are all a bunch of crap and i don't care if they are saying a positive thing or a negative thing about bitcoin.

i have my own opinion and stick to it.

according to me bitcoin has a lot of potential and it will grow and i have eyes myself and see the market grow day by day and also grow in size.

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October 02, 2016, 04:59:26 PM
 #355

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.
yeah, it is definitely more secure to save up your money in different wallets, in this way you can make more profit
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October 02, 2016, 05:10:41 PM
 #356

Well it is pretty secure in terms of safety and trustworthyness. The only problem is the people who hand the wallets, some people can easily get scammef by people online, or they have easy password for their wallets which is easily gives access to people who steal your money. Also people can't predict the bets, you can't use math in it to win It is all luck and strategy.

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October 02, 2016, 05:17:38 PM
 #357

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.
yeah, it is definitely more secure to save up your money in different wallets, in this way you can make more profit

Yeah bitcoin is much more safer than banks because here in my country there are news around that many banks are being hacked and using by some kind of skimming device. They are able to penetrate the security of the banks and tried to steal their money. So for me bitcoin is really strong because no one is able to breach the network.

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October 03, 2016, 06:44:02 PM
 #358

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.
yeah, it is definitely more secure to save up your money in different wallets, in this way you can make more profit

Yeah bitcoin is much more safer than banks because here in my country there are news around that many banks are being hacked and using by some kind of skimming device. They are able to penetrate the security of the banks and tried to steal their money. So for me bitcoin is really strong because no one is able to breach the network.

You might live in a country with too many criminals. The bank cannot be hacked easily. Its custmoers are hacked.

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October 03, 2016, 07:42:41 PM
 #359

According to forecasts in the near future we will see an active and stable growth cryptocurrency. So I think that bitcoin has not yet revealed all its might.

forecasts are all a bunch of crap and i don't care if they are saying a positive thing or a negative thing about bitcoin.

i have my own opinion and stick to it.

according to me bitcoin has a lot of potential and it will grow and i have eyes myself and see the market grow day by day and also grow in size.
But you need to bother about news and events to have bright future with the bitcoins. But you may continue ignoring them when you are having very long plans of holding your bitcoins, with your long haul plans you will definitely get more brighter futures assured by the demands of bitcoins. Because, demand for bitcoin will keep on rising so having proper plan will never disappoint you.

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newcoins1978
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October 03, 2016, 08:51:56 PM
 #360

According to forecasts in the near future we will see an active and stable growth cryptocurrency. So I think that bitcoin has not yet revealed all its might.

forecasts are all a bunch of crap and i don't care if they are saying a positive thing or a negative thing about bitcoin.

i have my own opinion and stick to it.

according to me bitcoin has a lot of potential and it will grow and i have eyes myself and see the market grow day by day and also grow in size.
But you need to bother about news and events to have bright future with the bitcoins. But you may continue ignoring them when you are having very long plans of holding your bitcoins, with your long haul plans you will definitely get more brighter futures assured by the demands of bitcoins. Because, demand for bitcoin will keep on rising so having proper plan will never disappoint you.

News and events are just a small part for bitcoin. In fact what is way more important is how we use bitcoin and implement it in our life's. If for example we all use on a daily business it will great a gigantic buy price and eventually making bitcoin the strongest e-currency on and outside the net.
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