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Author Topic: how strong is bitcoin really?  (Read 54918 times)
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January 15, 2017, 12:15:43 PM
 #701

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
Bitcoin is getting more strong and securely because of it's getting popularity in the whole world and everyday they increased users that want to earn in bitcoins because it is the best of all jobs in the internet and the price of it is getting higher and higher  Grin
even in my country today bitcoin users increases every time. they know of people who have used previous bitcoin. for now developing e-commerce which has received bitcoin as a medium of payment. This is a good beginning and this has been proved that bitcoin has a very strong impact in their daily lives.

In several countries the same increase in user is continuing. Importantly during the year 2016 bitcoin gained characteristics similar to fiat currency with reduced volatility. This has increased the hope among users to accept bitcoin and use it for their needs of investment, earning and as a payment processor.

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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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January 19, 2017, 01:52:00 AM
 #702

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
Bitcoin is getting more strong and securely because of it's getting popularity in the whole world and everyday they increased users that want to earn in bitcoins because it is the best of all jobs in the internet and the price of it is getting higher and higher  Grin
even in my country today bitcoin users increases every time. they know of people who have used previous bitcoin. for now developing e-commerce which has received bitcoin as a medium of payment. This is a good beginning and this has been proved that bitcoin has a very strong impact in their daily lives.

In several countries the same increase in user is continuing. Importantly during the year 2016 bitcoin gained characteristics similar to fiat currency with reduced volatility. This has increased the hope among users to accept bitcoin and use it for their needs of investment, earning and as a payment processor.
The increased of bitcoin users reminds that it really works very well up to this time.It is strong for many are already accepting it and applying it through business and other transactions that provides an easy services.The good feedback symbolizes that it really have a its features that is very useful to those who are using it.

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sourris01
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January 22, 2017, 12:16:08 PM
 #703

For each person benefits bitcoin is the strong point of this currency and all technologies. The fact that not all use the same rate or anonymity financial transactions. Based on personal preferences, the strength of bitcoin can be in different moments.
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January 22, 2017, 02:41:33 PM
 #704

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
Bitcoin is getting more strong and securely because of it's getting popularity in the whole world and everyday they increased users that want to earn in bitcoins because it is the best of all jobs in the internet and the price of it is getting higher and higher  Grin
even in my country today bitcoin users increases every time. they know of people who have used previous bitcoin. for now developing e-commerce which has received bitcoin as a medium of payment. This is a good beginning and this has been proved that bitcoin has a very strong impact in their daily lives.

In several countries the same increase in user is continuing. Importantly during the year 2016 bitcoin gained characteristics similar to fiat currency with reduced volatility. This has increased the hope among users to accept bitcoin and use it for their needs of investment, earning and as a payment processor.
It seems to me that in the country more than allowed, the less appeal bitcoin. If the government has the intention or officially recognize bitcoin currency, here lies precisely what that double meaning, otherwise they will have a tax on those profits. Probably the first thing to control.
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January 22, 2017, 03:19:08 PM
 #705

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
Bitcoin is getting more strong and securely because of it's getting popularity in the whole world and everyday they increased users that want to earn in bitcoins because it is the best of all jobs in the internet and the price of it is getting higher and higher  Grin
even in my country today bitcoin users increases every time. they know of people who have used previous bitcoin. for now developing e-commerce which has received bitcoin as a medium of payment. This is a good beginning and this has been proved that bitcoin has a very strong impact in their daily lives.
In my country bitcoin is not prohibited, although officially no one recognized, and the banks have already started testing Blockchain technology and all the people should predostavilyat the income statement. Here's how it can be compared.
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January 22, 2017, 03:30:54 PM
 #706

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
Bitcoin is getting more strong and securely because of it's getting popularity in the whole world and everyday they increased users that want to earn in bitcoins because it is the best of all jobs in the internet and the price of it is getting higher and higher  Grin

Yeah, its easiest to pay on internet via Bitcoins. Soon you will see paypal, perfect money and all other online payment methods getting less popular and people getting  only bitcoins for paying and accepting online. Its not only easy but instant too.

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January 22, 2017, 03:55:50 PM
 #707

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
Bitcoin is getting more strong and securely because of it's getting popularity in the whole world and everyday they increased users that want to earn in bitcoins because it is the best of all jobs in the internet and the price of it is getting higher and higher  Grin

Yeah, its easiest to pay on internet via Bitcoins. Soon you will see paypal, perfect money and all other online payment methods getting less popular and people getting  only bitcoins for paying and accepting online. Its not only easy but instant too.
I am an online earner from more than 4 years and I was using a number of payment processors to earn money from different places but after joining bitcoin I left all of them and using only bitcoin and the same is doing all of my friend so it mean all people will also do the same. So already it is replacing all payment processors.

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January 22, 2017, 03:59:31 PM
 #708

I hope that is not an imaginary friend. Hahaha. Until mow there have been test to how bitcoin could be hacked and events to how they will do it. This attempts have all failed and those hackers are all high grade hackers which could really go all the way to make it happen. But it wont be done until now.


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January 22, 2017, 04:17:16 PM
 #709

I hope that is not an imaginary friend. Hahaha. Until mow there have been test to how bitcoin could be hacked and events to how they will do it. This attempts have all failed and those hackers are all high grade hackers which could really go all the way to make it happen. But it wont be done until now.
I do not think that users need to worry too much about it. Even if bitcoin will at some stage fail to lose, then cryptocurrency recently divorced too much and their potential to significantly large. True bitcoin leader today.
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January 22, 2017, 04:19:27 PM
 #710

I hope that is not an imaginary friend. Hahaha. Until mow there have been test to how bitcoin could be hacked and events to how they will do it. This attempts have all failed and those hackers are all high grade hackers which could really go all the way to make it happen. But it wont be done until now.

The minds to make it happen are there, the methodology is being created and other stuff are being tested in a controlled environment. The thing is, we don't have the sufficient equipment that could help us aid into testing bitcoin's limits and exploits. Refer to the pic above; we would need more than a quantum computer to do brute-forcing on the privkeys to begin with.

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January 22, 2017, 04:52:34 PM
 #711

For each person benefits bitcoin is the strong point of this currency and all technologies. The fact that not all use the same rate or anonymity financial transactions. Based on personal preferences, the strength of bitcoin can be in different moments.

There are really good factors where we can see bitcoins strength and it can be identify on how you are going to use it. So if you are a person that has some friends and relatives offshore then you can just send them money with the use of bitcoin for paying cheap fees and that's a strength of bitcoin and its more of advantage using it rather than with remittance center. And if we are going to see its security, I believe that it is strong.
Remittances can be carried out immediately, too, but the only difference between Bitcoin and real money, it is the presence of interest for financial transactions. I agree that in today's world, payment by Bitcoin is easy to do and this opportunity and growth in popularity depends on the user and the power of bitcoin, it depends on us.
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January 22, 2017, 05:26:43 PM
 #712

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

Bitcoin is bullet proof......  Grin Unbreakable

https://i.imgur.com/CzyO1yv.jpg
That's a nice chart. People who understand technology, and who know the importance of a platform backed by math and cryptography, will surely be able to see the potential in Bitcoin. Some users fear that Bitcoin may suffer attacks with the arrival of quantum computers, but the fact is that Bitcoin may also receive quantum encryption, that can protect the network aginst attacks.

Yes...two new/incoming laws of thermodynamics as humans start to figure out inter-dimensional energy 1. Strong Quantum Force, 2. Weak Quantum Force...coming soon (within 2 decades) to mainstream science...stand-by:)
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January 22, 2017, 07:31:23 PM
 #713

Well, if the human intelligence has been able to discover the most fantastic mysteries of the universe and hackers have even brook the strongest security measures of government agencies and largest financial institutions I am not so sure that the bitcoin protocol can be 100% invulnerable, but at least it seems strong enough to allow us a certain level of certainty these days of uncertainty.
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January 22, 2017, 10:34:40 PM
 #714

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
Bitcoin is getting more strong and securely because of it's getting popularity in the whole world and everyday they increased users that want to earn in bitcoins because it is the best of all jobs in the internet and the price of it is getting higher and higher  Grin
yes no doubt about this that bitcoin is becoming more and more stronger from time to time and the reason is that the number of bitcoin users are increasing continously.  and that is the reason that bitcoin is number one currency.
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January 23, 2017, 01:17:49 AM
 #715

for now we can say that in the passed years bitcoin is much stronger now and the continuous adoption by many people can help the life of bitcoin much longer exist.
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January 23, 2017, 03:26:24 AM
 #716

for now we can say that in the passed years bitcoin is much stronger now and the continuous adoption by many people can help the life of bitcoin much longer exist.
That should be what we are expecting, the price will rise overtime because the adoption rate is increasing. Bitoin is strong because we are making it strong, with our continues support and effort we could make this bigger and bigger as time passes. Of course, when this will be bigger, the price will follow and eventually we can make more profit.

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January 23, 2017, 05:30:47 AM
 #717

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

Bitcoin is getting strong as time pass by, when the price value of bitcoin increase, the users count daily increase too, the investors daily getting involve also, and more scam coins rising up in the altcoins, this is a sign that bitcoin is more becoming stronger. Base on my observation and assessment.

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January 23, 2017, 07:59:54 AM
 #718

Well for me Bitcoin's strength are based on its decentralized nature , global/worldwide usage without restrictions, security because transactions are made public and the low transaction fees associated with it. Of course it's not widely known and accepted yet but with these strengths I forsee it growing stronger and stronger by the day.

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January 23, 2017, 08:09:22 AM
 #719

Well for me Bitcoin's strength are based on its decentralized nature , global/worldwide usage without restrictions, security because transactions are made public and the low transaction fees associated with it. Of course it's not widely known and accepted yet but with these strengths I forsee it growing stronger and stronger by the day.
Those strengths that you have said is really the key that bitcoin would really progress in the future.Decentralized feature which do really makes it strong same as you said because people do really like it since they do like that no one could able to touch their money.Bitcoin is strong as of now and become more stronger if the adoption would increase.

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January 23, 2017, 08:25:41 AM
 #720

Well for me Bitcoin's strength are based on its decentralized nature , global/worldwide usage without restrictions, security because transactions are made public and the low transaction fees associated with it. Of course it's not widely known and accepted yet but with these strengths I forsee it growing stronger and stronger by the day.

Yes, this is why the allegation of the weakness of bitcoin is just a big wrong thoughts and wrong.
The bitcoin is getting more stronger, so when OP hit the point of the security of bitcoin,I guess your friend is genius if he can manipulate the bitcoin algorithm or he is the founder of this.
 
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