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Author Topic: how strong is bitcoin really?  (Read 54846 times)
tee-rex
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December 15, 2016, 03:26:58 PM
 #601

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, bitcoin is definitely vulnerable to quantum computing.

However, quantum computing will probably not come out as a technology in the short run, leaving the bitcoin community plenty of time deciding which algorithm they would like to switch to, to counter quantum computing.

The community or developers may not have that time because quantum computing is likely to be developed in high secrecy. And when its possibilities come to broad light, it may be too late to cry. There seem to be quite a few governments that are interested and actively working toward building a quantum computer, among which the US, UK, Australia, Canada, and Russia.

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December 15, 2016, 06:43:56 PM
 #602

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, bitcoin is definitely vulnerable to quantum computing.

However, quantum computing will probably not come out as a technology in the short run, leaving the bitcoin community plenty of time deciding which algorithm they would like to switch to, to counter quantum computing.

The community or developers may not have that time because quantum computing is likely to be developed in high secrecy. And when its possibilities come to broad light, it may be too late to cry. There seem to be quite a few governments that are interested and actively working toward building a quantum computer, among which the US, UK, Australia, Canada, and Russia.
Today, bitcoin stable and not worth while to think about the bad of his future. His strength will come to the level of production the number of bitcoin.
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December 15, 2016, 07:30:34 PM
 #603

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 do not think that it is so easy to hack a wallet account, as every wallet has their own wallet security but still i will say that  all the wallets are properly secured that no one can easily have the key.
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December 15, 2016, 07:35:37 PM
 #604

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 do not think that it is so easy to hack a wallet account, as every wallet has their own wallet security but still i will say that  all the wallets are properly secured that no one can easily have the key.
To not be afraid of a hacker you need to have a quality or bitcoin wallet or change frequently access codes. For the safety of their property need to watch yourself.
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December 15, 2016, 08:04:53 PM
 #605

Bitcoin security is very strong
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December 15, 2016, 08:26:25 PM
 #606

Bitcoin security is very strong
This is true, and if we remember the past summer, the incident with the exchange Bitfinex, then we can all go to bed to wake up in a cold sweat of fear of losing everything. We must always check and cares most about the security of their bitcoin.
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December 15, 2016, 09:00:54 PM
 #607

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, bitcoin is definitely vulnerable to quantum computing.

However, quantum computing will probably not come out as a technology in the short run, leaving the bitcoin community plenty of time deciding which algorithm they would like to switch to, to counter quantum computing.
if this can happen i know those who supporting bitcoin technology will able to find it out as well so it can be safe just in case things happen as we all enjoying the bitcoin technology so most supporters will not allow those things to interrupt the service just for my own opinion.
There are legal issues arise on some issues, but we must understand that no legal aid may not give, since Bitcoin is an anonymous means of payment and the owner has nothing to do with him.
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December 16, 2016, 05:00:49 AM
 #608

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 do not think that it is so easy to hack a wallet account, as every wallet has their own wallet security but still i will say that  all the wallets are properly secured that no one can easily have the key.
To not be afraid of a hacker you need to have a quality or bitcoin wallet or change frequently access codes. For the safety of their property need to watch yourself.
yes everyone should take care of their own wallet using different tricks, but i think most of the wallet are already protected providing safe security procedure,
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December 16, 2016, 05:45:48 AM
 #609

Bitcoin strenght is depend on the market and people opinion, as long as people use and believe it as a currency it will not die. Even government can not destroy bitcoin.

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December 17, 2016, 07:13:32 AM
 #610

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, bitcoin is definitely vulnerable to quantum computing.

However, quantum computing will probably not come out as a technology in the short run, leaving the bitcoin community plenty of time deciding which algorithm they would like to switch to, to counter quantum computing.

Yes, I guess no one will allow or tolerate who ever will attempt to do this things, no one wants make a wiser thinking to
their wising thinking skills.

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December 17, 2016, 07:33:52 AM
 #611

Since it was developed long time ago, i would really say that it is very strong. No users will allow to someone to destroy bitcoin because it is the best cryptocurrency i've known. also if it is not strong, hackers already hacked this but it never happened, why? because it is very secure and trustworthy.

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December 17, 2016, 07:54:19 AM
 #612

Since it was developed long time ago, i would really say that it is very strong. No users will allow to someone to destroy bitcoin because it is the best cryptocurrency i've known. also if it is not strong, hackers already hacked this but it never happened, why? because it is very secure and trustworthy.
Of course it does, no hackers can hack the bitcoin or the bitcoin network itself, but the bitcoin from some users can be hacked. And yes thats why is very strong and no altcoins can replace this cryptocurrency

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December 17, 2016, 08:25:41 AM
 #613

At the moment Bitcoin is the strongest cryptocurrency. It has the highest value, it's used widely, the number of users is increasing each day. New cryptocurrencies are appearing each day trying to achieve the success of Bitcoin but with no results so far.
And I think that users are the factor that make Bitcoin strong.

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December 17, 2016, 08:31:01 AM
 #614

Bitcoin strenght is depend on the market and people opinion, as long as people use and believe it as a currency it will not die. Even government can not destroy bitcoin.
That's absoulutely true,as long as people adopt BTC,the market will continue to grow and BTC will be stronger as a result.I think that BTC as a whole is quite strong nevertheless,so it will only become stronger as more retailers start accepting it,I've seen some positives in that area as some retailers I follow have started accepting BTC which is great and that will make BTC stronger.

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December 17, 2016, 10:26:58 AM
 #615

At the moment Bitcoin is the strongest cryptocurrency. It has the highest value, it's used widely, the number of users is increasing each day. New cryptocurrencies are appearing each day trying to achieve the success of Bitcoin but with no results so far.
And I think that users are the factor that make Bitcoin strong.
what mean user are the factor make bitcoin strong? whether the increase in users will make bitcoin successful and famous then bitcoin will be intensified

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December 17, 2016, 11:29:32 AM
 #616

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

If your friend thinks that gambling bets can be proved using maths and correct formulas, he is pretty noob, lol. All of gambling bets in legit sites are provably fair. Also, bitcoin uses top-grade security and stuff, and you can make your wallet extra secure by using TOR, 2FA and of course, keeping your computer virus-free. Bitcoin cant be hacked that easily as you say, in fact it cant be hacked provided that you dont do anything stupid like providing your passwords and private keys to someone.

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December 24, 2016, 02:00:34 PM
 #617

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, bitcoin is definitely vulnerable to quantum computing.

However, quantum computing will probably not come out as a technology in the short run, leaving the bitcoin community plenty of time deciding which algorithm they would like to switch to, to counter quantum computing.

So for sure those who will try to attempt to do so will be failed because those dev is I guess secured the system
before publicist it.
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December 24, 2016, 03:17:05 PM
 #618

Bitcoin as an alternate earning source and as a potential currency for investment and ease of gambling can never be provided by any other local or altcoins. This indicates the growth and strength of bitcoin to go mainstream over the years to come.

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December 24, 2016, 03:29:07 PM
 #619

As long there still exist internet bitcoin cant be closed, it can loose value but the technology under bitcoin wont let it die, in fact bitcoin is getting more knowed and more used worlwide, soo its a question of time till some people start using bitcoin as asset and get huge attention to bitcoin like they do with gold nowadays.


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December 24, 2016, 07:25:45 PM
 #620

yeah bitcoin is really too much stronger currency and there is a lot of people adopting bitcoin for the future because they know that bitcoin is very useful and profitable currency and we can get a huge amount profit from bitcoin.

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