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Author Topic: how strong is bitcoin really?  (Read 55521 times)
delliaerd
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August 29, 2016, 11:08:19 AM
 #61

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

That's is heard impossible dude, hack a bitcoin wallet or try to stole bitcoin on wallet is very hard if you are not a real professional hacker. Moreover the most bitcoin wallet such as blockchain was upgrade it secure. It can not if only with that trick.

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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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wildworld
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August 29, 2016, 11:34:39 AM
 #62

I believe very strongly in bitcoin. When bitcoin hit the market , I bought this .Now I have multiple accounts with which I pay and are very safe. Everyday I receive news about bitcoin and that's just very positive .I keep buying stocks daily with bitcoin and that is very good and safe. Believe me bitcoin is a leader and will do everything to become even stronger and maintain its security .
Bitcoin has opened a new world and that will only be stronger.
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August 29, 2016, 01:21:34 PM
 #63

now its not too strong but it is going to grow a lot in the near future

No man. Bitcoin is the strongest of all cryptocurrency till now and it's competition will keep on lncreasing day by day as the difficulty level will keep on increasing.
basically you are right, though in my opinion bitcoins are going to grow all the time too and they will remain on the top of all the cryptos
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August 29, 2016, 01:34:04 PM
 #64

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 don't agree with opinion your friend because bitcoin is not gambling bets, it is new technology who has the level of complexity and it is new innovation on Internet and currencies.it is immposible can be hacked by calculator only.
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August 29, 2016, 01:56:18 PM
 #65

Stronger than the strongest, read this! It explains bitcoin security in simple terms!

https://decentralize.today/the-esoteric-math-behind-a-bitcoin-private-key-27c0ec79a5a5#.lagyr36t6
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August 29, 2016, 02:14:11 PM
 #66

One of best BTC wallets is Trezor offline wallet. Even if your computer is infected with virus, your Trezor wallet is safe. Regarding Web wallets you can hold small BTC amount only there. Trezor hardware wallet you can find here https://bitcointrezor.com/  Grin
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August 29, 2016, 02:16:16 PM
 #67

Stronger than the strongest, read this! It explains bitcoin security in simple terms!


I really do agree with it. Bitcoin is stronger than the strongest. Look at what is happening with bitcoin now it is really telling that bitcoin is strong. Even there is going to be price fall sometimes. But look at its strength for its price. It is getting back again as many users are keep on using and supporting and with its security well we can't have a single definition of how it is strong.

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BAGOBO
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August 29, 2016, 02:21:05 PM
 #68

AFAIK , bitcoin using SHA , cryptographic protocol ! In order to break the protocol , you need view millenium to decode it.
If bitcoin is too weak for now, we can't see bitcoin as valuable investment instead dumb currency
Hirose UK
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August 29, 2016, 02:30:29 PM
 #69

If bitcoin have weak security, i'm sure by now bitcoin would be controlled by government or dead.
Bitcoin is still alive is the proof that bitcoin network is really strong. Most bitcoin stolen/lost usually because user fault or 3rd party service bug anyway Roll Eyes

when I first read this thread, I was thinking that it may be possible if the hacker have the highest skill and highest power of PC and so on.

but since I read this post, etfbitcoin's post, I think he's right. if bitcoin can be hacked, we wouldn't have this stuff right now.

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lixer
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August 29, 2016, 08:22:19 PM
 #70

to me bitcoin is is the strongest as compare to any other crypto currency. the reason is that bitcoin is the most popular crypto currency of the world. bitcoin is the most popular currency and still its popularity is increasing day by day. therefor i think bitcoin is so strong. hope a time will come when it will also cover all the fiat currencies of the world.
It is definitely stronger than any other crypto currency out there. I believe it will always be the strongest currency out of all of them. The popularity increase will only lead to better prices and better community to secure bitcoin more stronger for upcoming days.

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August 29, 2016, 08:48:14 PM
 #71

now its not too strong but it is going to grow a lot in the near future

No man. Bitcoin is the strongest of all cryptocurrency till now and it's competition will keep on lncreasing day by day as the difficulty level will keep on increasing.

Yeah, it is much stronger from now, the only problem is that the users do not know well that how to make secure their wallets with more security, in the future they will know  all about that.
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August 29, 2016, 10:08:25 PM
 #72

now its not too strong but it is going to grow a lot in the near future

No man. Bitcoin is the strongest of all cryptocurrency till now and it's competition will keep on lncreasing day by day as the difficulty level will keep on increasing.

Yeah, it is much stronger from now, the only problem is that the users do not know well that how to make secure their wallets with more security, in the future they will know  all about that.

In the future both will happen the users will now more about bitcoin and its security and their wallets plus the developers will give more development to the technology so no one will be able to harm that system and no one will be able to hack it.
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August 30, 2016, 06:53:12 AM
 #73

i think bitcoin is really strong and powerful, because in reality, for todays, many people still use bitcoin for many things and make money with bitcoin, its proof that bitcoin is strong. in security, bitcoin combine many aspect which i really don't know because i'm not a programmer. in crypto currency, bitcoin is the purpose why people want to make money.
I think that is the reason why bitcoin is so great. It is growing and people really want to make money with it. Not only do they want to make money but they want OTHERS to make money with bitcoin as well. It is a great community of people coming together for the great good humanity which might result in human friendly financial system in near future.
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August 30, 2016, 07:14:07 AM
 #74

now its not too strong but it is going to grow a lot in the near future

No man. Bitcoin is the strongest of all cryptocurrency till now and it's competition will keep on lncreasing day by day as the difficulty level will keep on increasing.

Yeah, it is much stronger from now, the only problem is that the users do not know well that how to make secure their wallets with more security, in the future they will know  all about that.

Exactly said, Its much stronger but the mistakes made by users due to lack of concentration or other multitasking ways loss bitcoin and complains that bitcoin is not safe or strong. One who clearly understands bitcoin knows how strong is bitcoin.
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August 30, 2016, 08:09:18 AM
 #75

to me bitcoin is one of the strongest currency in all other crypto currencies. the reason is that users of bitcoin are more that any other currency. in previous days the bitfinex  hacking news really effect the price of bitcoin and it got a strong support in 500$ level and from there is start increasing again and now is really stable.
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August 30, 2016, 09:18:06 AM
 #76

Bitcoin will be strong and like someone said. "Stronger than strong ". Anybody with good understanding of the SHA 256 algo and the rest of the structure would know that. Now, this doesn't mean that I am expert in algo. I just happened to read about what other experts have said and bitcoin having stood tall after all these year proves that it is here to stay.

Of course, nobody know the future even if they come up with some super, super damn computer to crack bitcoin, The devs could do the necessary to keep the bitcoin alive. I mean isn't that the reason as to why we have a bitcoin foundation?!

So invest something you can risk in bitcoins. And enjoy the ride!

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August 30, 2016, 09:41:04 AM
 #77

Bitcoin is so strong, even Chinese government bans it, it still alive, and keeps the price above 500 usd.

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August 30, 2016, 10:02:38 AM
 #78

now its not too strong but it is going to grow a lot in the near future

No man. Bitcoin is the strongest of all cryptocurrency till now and it's competition will keep on lncreasing day by day as the difficulty level will keep on increasing.
of course for all currency bitcoin crypto necessarily the most powerful. because bitcoin could survive more than 7 years and it can not be in match by all cryptocurrency? but I think compared to other currencies. bitcoin is not so strong. bitcoin very likely manipulated by some people. it proves that bitcoin is not so strong
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August 30, 2016, 10:11:52 AM
 #79

The strength of bitcoin comes from its infrastructure.
Bitcoin has become a payment method in many online shops, like paypal or credit card.
That shows the economy has gained a certain trust in bitcoin.
There are exchange services and whole businesses developed around bitcoin.
Recently bitfinex was hacked, but it just scratched the price of bitcoin a little bit.
I say that bitcoin became strong in price and reliable as a payment method.
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August 30, 2016, 10:12:58 AM
 #80

to me bitcoin is one of the most strongest currency of all the currencies.
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