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Author Topic: how strong is bitcoin really?  (Read 54838 times)
one-day0
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November 19, 2016, 04:24:30 PM
 #561

I would believe if your friend told you that bitcoin can be hack, but to hack the bets in gambling sites by just a calculator? I think that is impossible. There a lot of codes that is being generated by the code generator that changes the winning pattern on every gambling site, so the possibility that your friend that can hack the bets on bitcoin casinos are only 0.00000001 percent.
Why crack rate if you can have someone's purse and jam to follow them closely. This is easier. Though too difficult opportunities. Gambling on their own work so that the user personally gives the money voluntarily and forever.
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November 19, 2016, 06:53:22 PM
 #562

I would believe if your friend told you that bitcoin can be hack, but to hack the bets in gambling sites by just a calculator? I think that is impossible. There a lot of codes that is being generated by the code generator that changes the winning pattern on every gambling site, so the possibility that your friend that can hack the bets on bitcoin casinos are only 0.00000001 percent.

Yes, since bitcoins is a digigal money stored on a digital money, bitcoins can be hacked anytime. Bitcoins already influence many people so i think bitcoins is strong now like a paper money. Although the government still have no right on bitcoins, bitcoins is already strong to manipulate virtual world. Bitcoins is very useful nowadays ao i think bitcoins is strong enough to compare with paper money.
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November 19, 2016, 07:10:08 PM
 #563

Soon everything will go biometric. When quantum computers arrive, it will have to be biometric.
BingoDog
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November 19, 2016, 07:16:43 PM
 #564

I would believe if your friend told you that bitcoin can be hack, but to hack the bets in gambling sites by just a calculator? I think that is impossible. There a lot of codes that is being generated by the code generator that changes the winning pattern on every gambling site, so the possibility that your friend that can hack the bets on bitcoin casinos are only 0.00000001 percent.

Yes, since bitcoins is a digigal money stored on a digital money, bitcoins can be hacked anytime. Bitcoins already influence many people so i think bitcoins is strong now like a paper money. Although the government still have no right on bitcoins, bitcoins is already strong to manipulate virtual world. Bitcoins is very useful nowadays ao i think bitcoins is strong enough to compare with paper money.

Bitcoin has achieved a lot and from some kind experiment came to digital currency that is almost equal to paper money. It's not so strong like fiat but it's on the good way to become. Even some governments are aware thea Bitcoin has become an inevitable fact on the financial market so they are trying to grab some use out of it. But Bitcoin stil has battles to fight to get equal place like fiat money.
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November 19, 2016, 07:22:05 PM
 #565

I think your friend read this http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html and may have quickely predicted that bitcoin can be hacked which is just a noob thinking as mining with this pencil and paper is not practical. Nothing to worry about, it will require lots of computer power/super computers lots of years to get private key of one single bitcoin address.
in fact there are so much expert and skillful people who are really done the mob in seconds, so i think the security must be more tight and the bitcoin address must be turn as more secure by developing the security system more and more and only then people will like to invest their big bitcoin, otherwise no one be ready to invest their assets in bitcoins.
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November 29, 2016, 06:23:58 PM
 #566

Bitcoin decentralized currency, which means that there is no single center, which produces and controls the currency, which was able to influence its course, the volume of coins in the network, block transactions, accounts, etc. Only this is already a very large force of Bitcoin.
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November 29, 2016, 07:29:17 PM
 #567

I think your friend read this http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html and may have quickely predicted that bitcoin can be hacked which is just a noob thinking as mining with this pencil and paper is not practical. Nothing to worry about, it will require lots of computer power/super computers lots of years to get private key of one single bitcoin address.
in fact there are so much expert and skillful people who are really done the mob in seconds, so i think the security must be more tight and the bitcoin address must be turn as more secure by developing the security system more and more and only then people will like to invest their big bitcoin, otherwise no one be ready to invest their assets in bitcoins.
I think once you can answer simply and effectively. If it were bad, or all or at least part of the user is considered Bitcoin bad investment or not worthy of attention, it is already all would have fled long ago.
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November 29, 2016, 08:23:45 PM
 #568

I would believe if your friend told you that bitcoin can be hack, but to hack the bets in gambling sites by just a calculator? I think that is impossible. There a lot of codes that is being generated by the code generator that changes the winning pattern on every gambling site, so the possibility that your friend that can hack the bets on bitcoin casinos are only 0.00000001 percent.

Yes, since bitcoins is a digigal money stored on a digital money, bitcoins can be hacked anytime. Bitcoins already influence many people so i think bitcoins is strong now like a paper money. Although the government still have no right on bitcoins, bitcoins is already strong to manipulate virtual world. Bitcoins is very useful nowadays ao i think bitcoins is strong enough to compare with paper money.

Bitcoin has achieved a lot and from some kind experiment came to digital currency that is almost equal to paper money. It's not so strong like fiat but it's on the good way to become. Even some governments are aware thea Bitcoin has become an inevitable fact on the financial market so they are trying to grab some use out of it. But Bitcoin stil has battles to fight to get equal place like fiat money.
I can only imagine how over these ordinary people laugh officials Banks nd other financial institution, telling them about how good their banks and the money with which they deal, and of course about the horrors of Bitcoin.
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November 29, 2016, 09:06:09 PM
 #569

Soon everything will go biometric. When quantum computers arrive, it will have to be biometric.
Blockchain already used, for example, to track the path of a diamond from the quarry to the hands of the new owner. On this basis, maintain registers of land ownership, paintings and other valuables. Blockchain can be used as a new digital signature.
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November 29, 2016, 09:56:11 PM
 #570

I would believe if your friend told you that bitcoin can be hack, but to hack the bets in gambling sites by just a calculator? I think that is impossible. There a lot of codes that is being generated by the code generator that changes the winning pattern on every gambling site, so the possibility that your friend that can hack the bets on bitcoin casinos are only 0.00000001 percent.

Yes, since bitcoins is a digigal money stored on a digital money, bitcoins can be hacked anytime. Bitcoins already influence many people so i think bitcoins is strong now like a paper money. Although the government still have no right on bitcoins, bitcoins is already strong to manipulate virtual world. Bitcoins is very useful nowadays ao i think bitcoins is strong enough to compare with paper money.

Bitcoin has achieved a lot and from some kind experiment came to digital currency that is almost equal to paper money. It's not so strong like fiat but it's on the good way to become. Even some governments are aware thea Bitcoin has become an inevitable fact on the financial market so they are trying to grab some use out of it. But Bitcoin stil has battles to fight to get equal place like fiat money.
I can only imagine how over these ordinary people laugh officials Banks nd other financial institution, telling them about how good their banks and the money with which they deal, and of course about the horrors of Bitcoin.
namely Bitcoin projects have attracted huge investments from venture capitalists and corporations. In Bitcoin biggest supporters of community. I think it is unlikely that the same success can be repeated any other new cryptocurrency in the near future.
Omega Weapon
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November 30, 2016, 03:35:11 AM
 #571

Bitcoin has very strong security the biggest weakness in bitcoin is the user, since you can be deceived and download a wallet infected by malicious code, or a key logger could be used to get your passwords or you could get scammed very easily.

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November 30, 2016, 03:45:24 AM
 #572

Bitcoin has very strong security the biggest weakness in bitcoin is the user, since you can be deceived and download a wallet infected by malicious code, or a key logger could be used to get your passwords or you could get scammed very easily.

In hacking movies like 'No system is safe' and TV series like 'Mr. Robot', the people have always been the weakness of any secured company. They do social engineering and it's no wonder why even in the bitcoin network, people are still the weak part. I think the reason for this is because humans are the ones controlling the whole thing, they are the one monitoring it. So if you could deceive the user, then you can take over his account.

Anyway, it's kind of easy to avoid this by yourself by having a 2FA on your account. But then again if there's a keylogger or virus on your computer, then you're always doomed to be hacked. I'm using malwarebytes to scan viruses and so far it's all good.


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November 30, 2016, 04:16:08 AM
 #573

The bitcoin is very strong and this can also be seen in the fact that it already has been down back in the days but always came back up to a stabler price.
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November 30, 2016, 06:40:15 AM
 #574

Pretty strong ym dude man

Try getting into some strangers wallet, wont be that easy
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November 30, 2016, 09:35:45 AM
 #575

The reality is completely different from the films that we all of us see. If there was such a case after 7 years about the creation of bitcoin their enemies will had discovered it. Also, if your friend has hacking capabilities is much easier to compromise a computer hoping that he will find a file where someone has back up the password or the passphrase of the wallet.
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November 30, 2016, 09:45:09 AM
 #576

I don't think that bitcoin is strong enough as currency. All this online exchangers and wallets are not protected with 100% guarantee, well as any other exchanges and wallets. But among other crypto currencies bitcoin is strong obviously.

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MTBTT
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November 30, 2016, 10:02:07 AM
 #577

Bitcoin has very strong security the biggest weakness in bitcoin is the user, since you can be deceived and download a wallet infected by malicious code, or a key logger could be used to get your passwords or you could get scammed very easily.
I think the OP is not as secure as it was, of course, all users know that your bitcoin will be secure if you use a lot of security, which meant OP may be, is it bitcoin strong to survive until the future?


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November 30, 2016, 11:52:51 AM
 #578

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
Well, blockchain definitely can not be hacked with just a calculator (in the real meaning) lol Grin.
Bitcoin has great security but we have seen some exchanges got hacked which affected bitcoin price to fall down. I believe nothing could save in online network as it connected to every corner of the world and some people could get into your PC and stole your information, but at least we have some security settings that makes it more secure, we hope.
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November 30, 2016, 12:04:20 PM
 #579

For the current value of bitcoin we can say that it is very strong digital currency and by continuous adoption by more people and online business it will be more stronger in the future.
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November 30, 2016, 12:37:53 PM
 #580

Hackers will always be social engineers at the first place, not magicians, and will exploit human stupidity.

Bitcoin is sensitive only on bad karma. Not on brute force!  Bitcoin as idea is ideal of freedom, and if they cannot take your
 
freedom, they will lie about it in worst ways.

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