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Author Topic: how strong is bitcoin really?  (Read 54124 times)
susila_bai
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October 10, 2016, 02:08:17 PM
 #381

actually bitcoin is strong because of back up from this community and spread from mouth to mouth and this is why there are many people will attract and want to use bitcoin. beside back up from this community, bitcoin can do nothing without us but bitcoin will do the potential to reach more people.

I think the OP is not meaning strong in the sense of publicity, he is meaning of technically how strong is Bitcoin and as per my knowledge Bitcoin Technology is very strong that is why so many of them are using its technology and preparing other coins. Their are so many option which if you check then you itself will realize it














 

 

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October 10, 2016, 02:24:50 PM
 #382

I can imagine that bitcoin is very strong it has a lot of funds in it and there are a lot of people investing in it too.
The foundation has been build if you asking me and it will only continue to grow stronger throughout the years.
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October 10, 2016, 04:44:16 PM
 #383

I can imagine that bitcoin is very strong it has a lot of funds in it and there are a lot of people investing in it too.
The foundation has been build if you asking me and it will only continue to grow stronger throughout the years.

That is my perspective with bitcoin's strength look at the amount how much is going to circulate in the market for the total bitcoins regulating in the cycle. And no one is going to be able to destroy the block chain technology that has been using with bitcoin. That really is making bitcoins stronger and many are trusting bitcoins tech.



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October 10, 2016, 04:56:13 PM
 #384

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

this is the funniest post i have read in ages, i dont mean to be disrespectful to the op, but seriously if you understood bitcoin you would understand that hacking a bitcoin address is just impossible
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October 10, 2016, 05:32:45 PM
 #385

If bitcoin is not strong and hackable by that then many of us will stop or even will never try using bitcoin . Like why would you risk your money with that. And if it's that easy to hack then many of us have been a millionaire by now.

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October 10, 2016, 05:43:23 PM
 #386

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
Maybe its possible if the security is weak. But i think its gonna hard to do that because some online gambling are have more security so it getting hard to hack it. But if your friend is profesional in that work maybe he can do that easy. Because many hacker now are very good in that work.

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October 10, 2016, 05:49:03 PM
 #387

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

No, we can't do that. People who have no idea what math is tend to demonise it, but in reality no mathematician, even if he/she is the best in the world, can predict a single bet. In the terms of science we can only speak about probability of an event but we can't be 100 percent sure about the outcome.

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October 10, 2016, 06:19:02 PM
 #388

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

No, we can't do that. People who have no idea what math is tend to demonise it, but in reality no mathematician, even if he/she is the best in the world, can predict a single bet. In the terms of science we can only speak about probability of an event but we can't be 100 percent sure about the outcome.
Lol even you are mastered in math you can not predict and calculate it we are in new generation which is not the same before that its all calculated in math.. now we are in more encryption for those games ..


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October 10, 2016, 07:05:42 PM
 #389

I am sure your friend don't know much about the bitcoin. Definitely he have heard about some "lottery winners' stories" that someone won the lottery by solving there algorithms etc. Bitcoin is not based on such type algorithms which can easily be hacked or solved, it is not that easy man, infact it is impossible with only a calculator.  Grin



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tee-rex
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October 10, 2016, 08:27:19 PM
 #390

I am sure your friend don't know much about the bitcoin. Definitely he have heard about some "lottery winners' stories" that someone won the lottery by solving there algorithms etc. Bitcoin is not based on such type algorithms which can easily be hacked or solved, it is not that easy man, infact it is impossible with only a calculator.  Grin

I'm with you on that. Well, mostly, since I still wouldn't completely exclude a possibility of some genius hacking the Bitcoin hashing algorithm, with or without a calculator. As far as I know, it hasn't been proven that there is no easier way to find the hash function used for Bitcoin mining (double SHA-256, if I'm not mistaken).

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October 10, 2016, 08:39:08 PM
 #391

I tried bending one in a 20-ton hydraulic break press, but I couldn't even get it into the press.

 Grin
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October 10, 2016, 08:40:53 PM
 #392

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

No, we can't do that. People who have no idea what math is tend to demonise it, but in reality no mathematician, even if he/she is the best in the world, can predict a single bet. In the terms of science we can only speak about probability of an event but we can't be 100 percent sure about the outcome.
Lol even you are mastered in math you can not predict and calculate it we are in new generation which is not the same before that its all calculated in math.. now we are in more encryption for those games ..


I agree even the best mathematician cannot tell which number will appear in the next draw of the lottery.  Even in dice, they can just tell the probability but not the exact result of it.  As for bitcoin encryption, I bet you calculator had already drained its new battery even before it can encrypt the first 6 number of the hash security of bitcoin.

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tee-rex
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October 10, 2016, 09:46:52 PM
 #393

I tried bending one in a 20-ton hydraulic break press, but I couldn't even get it into the press.

 Grin

Obviously, you didn't try hard enough or simply chose the wrong press! You should have used this one, and your Bitcoin would have been crushed like an ostrich egg under a sledgehammer:


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October 10, 2016, 10:14:46 PM
 #394

If bitcoin is not strong and hackable by that then many of us will stop or even will never try using bitcoin . Like why would you risk your money with that. And if it's that easy to hack then many of us have been a millionaire by now.

yes bitcoin is very much strong and for that we all have believe on bitcoin and we are happily investing our money in bitcoin without any problem and without any doubt of issue with that in the future.
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October 10, 2016, 10:23:42 PM
 #395

I am sure your friend don't know much about the bitcoin. Definitely he have heard about some "lottery winners' stories" that someone won the lottery by solving there algorithms etc. Bitcoin is not based on such type algorithms which can easily be hacked or solved, it is not that easy man, infact it is impossible with only a calculator.  Grin

I'm with you on that. Well, mostly, since I still wouldn't completely exclude a possibility of some genius hacking the Bitcoin hashing algorithm, with or without a calculator. As far as I know, it hasn't been proven that there is no easier way to find the hash function used for Bitcoin mining (double SHA-256, if I'm not mistaken).

Hacking bitcoin is not easy work i see, that is almost impossible to do by someone without special skill on hacking or cybercrime. I think the professional hacker must make a hard effort to broken down the  security of bitcoin.

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October 10, 2016, 11:11:03 PM
 #396

I can imagine that bitcoin is very strong it has a lot of funds in it and there are a lot of people investing in it too.
The foundation has been build if you asking me and it will only continue to grow stronger throughout the years.
I think the strength of bitcoin does not depend on the total funds of bitcoin, but from the users themselves. if bitcoin has little bitcoin users would be very weak and may be easily killed. but when bitcoin have hundreds of millions of users bitcoin would be very strong


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madwica
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October 11, 2016, 02:40:00 AM
 #397

I can imagine that bitcoin is very strong it has a lot of funds in it and there are a lot of people investing in it too.
The foundation has been build if you asking me and it will only continue to grow stronger throughout the years.
I think the strength of bitcoin does not depend on the total funds of bitcoin, but from the users themselves. if bitcoin has little bitcoin users would be very weak and may be easily killed. but when bitcoin have hundreds of millions of users bitcoin would be very strong
I think that also it depends on the users of bitcoin, continuous increasing the users demand it will also increasing its value and in the crypto world no doubt that bitcoin if the leading and stronger coin than all other coins.

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October 11, 2016, 04:04:58 AM
 #398

I can imagine that bitcoin is very strong it has a lot of funds in it and there are a lot of people investing in it too.
The foundation has been build if you asking me and it will only continue to grow stronger throughout the years.
I think the strength of bitcoin does not depend on the total funds of bitcoin, but from the users themselves. if bitcoin has little bitcoin users would be very weak and may be easily killed. but when bitcoin have hundreds of millions of users bitcoin would be very strong
I think that also it depends on the users of bitcoin, continuous increasing the users demand it will also increasing its value and in the crypto world no doubt that bitcoin if the leading and stronger coin than all other coins.

You are right with it and we can see the more users are going to start using bitcoins then that is going to make the price of bitcoin higher. And that is going to make the demand of bitcoins really high. And regarding its strength for its security we can see of how bitcoin is really strong and tough enough to compete with other currencies.

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October 13, 2016, 05:05:26 PM
 #399

I can imagine that bitcoin is very strong it has a lot of funds in it and there are a lot of people investing in it too.
The foundation has been build if you asking me and it will only continue to grow stronger throughout the years.
I think the strength of bitcoin does not depend on the total funds of bitcoin, but from the users themselves. if bitcoin has little bitcoin users would be very weak and may be easily killed. but when bitcoin have hundreds of millions of users bitcoin would be very strong
I think that also it depends on the users of bitcoin, continuous increasing the users demand it will also increasing its value and in the crypto world no doubt that bitcoin if the leading and stronger coin than all other coins.

You are right with it and we can see the more users are going to start using bitcoins then that is going to make the price of bitcoin higher. And that is going to make the demand of bitcoins really high. And regarding its strength for its security we can see of how bitcoin is really strong and tough enough to compete with other currencies.

I think so. The more people use the bitcoin, the more popular it will be and the price will be higher.
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October 13, 2016, 07:00:30 PM
 #400

I am sure your friend don't know much about the bitcoin. Definitely he have heard about some "lottery winners' stories" that someone won the lottery by solving there algorithms etc. Bitcoin is not based on such type algorithms which can easily be hacked or solved, it is not that easy man, infact it is impossible with only a calculator.  Grin

I'm with you on that. Well, mostly, since I still wouldn't completely exclude a possibility of some genius hacking the Bitcoin hashing algorithm, with or without a calculator. As far as I know, it hasn't been proven that there is no easier way to find the hash function used for Bitcoin mining (double SHA-256, if I'm not mistaken).

Hacking bitcoin is not easy work i see, that is almost impossible to do by someone without special skill on hacking or cybercrime. I think the professional hacker must make a hard effort to broken down the  security of bitcoin.

The SHA-2 algorithm, which also includes a hashing function known as SHA-256 and used in Bitcoin cryptography, has been developed by the National Security Agency, and they might already have a sort of back-door undermining Bitcoin cryptographic security. That would allow, for example, a successful preimage attack, which in the case of Bitcoin would mean that the NSA might obtain private keys to any Bitcoin wallet (address) in acceptable time frame.

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