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Author Topic: how strong is bitcoin really?  (Read 54124 times)
ASHLIUSZ
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March 08, 2017, 06:22:28 AM
 #901

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

I secondly agree with you....bitcoin is still on and growing stronger..population keeps increasing of those using it

Yes that is why bitcoin survive and and continue on growing value because of the rapid growth of users demand increases too. And surely
people will gonna support this virtual currency even the government do not.


It's growth is inevitable as demand will really increase because Bitcoin is still in its growth stage, even if we say it is old, it started slow but right now I can see that some major businesses accept Bitcoin because it can see that it is a proper medium to be use in online transactions such as the company Steam. It is great that we have catch up in a time where Bitcoin is still growing.
In Bitcoin is an emerging technology. It is high securable and high valuable currency. In most of the country accepted it is the strongest currency in 2016. In 2017 also is reach high position and increasing growth of the currency.
2017 looked to be one among the best year for bitcoin from the start. The current year experienced the all time high, at the same panic got generated among the users due to the big increase. Now it has started to decline as Wu mined on BU trying to take control of the price move. Let's keep watching for the next pumping on ETF.


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mornabo
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March 08, 2017, 07:20:55 AM
 #902

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

I secondly agree with you....bitcoin is still on and growing stronger..population keeps increasing of those using it

Yes that is why bitcoin survive and and continue on growing value because of the rapid growth of users demand increases too. And surely
people will gonna support this virtual currency even the government do not.


bitcoin very rapid development it makes bitcoin will be strong. the day the bitcoin continues to spread nothing could stem the bitcoin
of course bitcoin will be stronger in the future

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March 08, 2017, 10:27:42 AM
 #903

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

I secondly agree with you....bitcoin is still on and growing stronger..population keeps increasing of those using it

Yes that is why bitcoin survive and and continue on growing value because of the rapid growth of users demand increases too. And surely
people will gonna support this virtual currency even the government do not.


bitcoin very rapid development it makes bitcoin will be strong. the day the bitcoin continues to spread nothing could stem the bitcoin
of course bitcoin will be stronger in the future
You can not ensure whether Bitcoin can continue to grow or suddenly dead in the middle of this century. As you can see, confirmation time is an important issue which can only solve by increasing the fee. However, fees are not always cheap and Bitcoin now is more than $1100 which means, fee is not as cheap as it used to anymore

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March 08, 2017, 11:31:47 AM
 #904

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

I secondly agree with you....bitcoin is still on and growing stronger..population keeps increasing of those using it

Yes that is why bitcoin survive and and continue on growing value because of the rapid growth of users demand increases too. And surely
people will gonna support this virtual currency even the government do not.


bitcoin very rapid development it makes bitcoin will be strong. the day the bitcoin continues to spread nothing could stem the bitcoin
of course bitcoin will be stronger in the future
i thinkit depend on the interest of the people, if people are interested in bitcoin then they will try to invest their money here and so bitcoin will become more and more stronger.

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March 08, 2017, 01:56:06 PM
 #905

I guarantee bitcoin has very strict security if you're taking advantage of all the security features that have been provided by blockchain.

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March 08, 2017, 02:21:36 PM
 #906

How strong Bitcoin is depends on it's users because they actualy determine the value by demand and supply, how much they use it and how much is adopted. Security is also very important question and it matters if people who are using Bitcoins feel safe and secured. As long as people want it and use it it will have the value.

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BTCmax24
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March 09, 2017, 07:01:53 AM
 #907

I found this article and maybe it can help

https://www.youtube.com/watch?v=kZe1pl66vGg&app=desktop

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April 02, 2017, 11:37:12 PM
 #908


nothing is perfect in this world, but if it happens, it will take a very long time, when they tried to hack her, the bitcoin users also fix all the weaknesses that exist within bitcoin, all of this has always kept a continuous
well bitcoin seems to be perfect currency right now, but it has to be updated from time to time, because the thing that is not evolving with time is going to be replaced by something else, like cash is going to be replaced by bitcoins

Well if you see how bitcoin crashed 2 times in 1 month you can see it's not very strong. Then we have the blocksize debate where parties are not seeming to agree what needs to happen

That could hardly be called a crash

A genuine crash should persist at least for some time. What we have seen (especially the first time) looked more like a manipulated attempt to instigate a panic selling. While this attempt certainly succeeded at some point, the market was quick to find out what's going on and the second time panic selling didn't even start for real (despite the fact that the reason for it should have produced more severe decline). The very fact that Bitcoin is skyrocketing right now tells much about how manipulated these so-called crashes were

Bitcoin is still an experimental work. So it is necessary to keep this in mind when assessing the bitcoin. It is not a seated system like traditional money systems. So the price fluctuations are very normal. It is very important to be able to act calmly in dump and pump situations.
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April 03, 2017, 11:19:30 PM
 #909

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 can considered bitcoin now is very strong, just look at the price value of bitcoin so far, and the community really loved it, they became more aggressive to apply the usage of bitcoin to their lives, were some the biggest investors are also getting interest to invest into bitcoin. due some of the biggest company are already adopted the system of bitcoin.
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April 03, 2017, 11:40:43 PM
 #910

I guarantee bitcoin has very strict security if you're taking advantage of all the security features that have been provided by blockchain.


That is right, if someone can use a calculator to hack it, then I think there are a lot of news about bitcoin getting hacked by some Casio calculator or wierd stuffs like that, if you think of it, even hacking someone's private key is really hard the possibilities of hacking these bitcoin wallet and private key is almost close or equal to zero. So bitcoin's security is really top notch and can't be hacked easily buy some matimathecian or some sorts.


 
 
 
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April 04, 2017, 12:02:18 AM
 #911

Yes bitcoin do have military grade security online and in physical companies but always remember that no system is safe.Yes the bitcoin physical company is secured but the online system tho it is secured it can still be hijacked by pro hacker groups that aims to destroy or steal bitcoins.Every online thing is vulnerable of being hacked wether how much you protect it

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April 04, 2017, 12:07:38 AM
 #912

I mean nearly 9 years with billions of dollars at stake and it still keeps kicking, I would think that is pretty damn strong. Someone did the math on reddit and you have a better chance of hitting the lottery than you do bruteforcing private keys. That being said, some wallets might have bugs in address creation.

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April 04, 2017, 05:59:08 AM
 #913

I mean nearly 9 years with billions of dollars at stake and it still keeps kicking, I would think that is pretty damn strong. Someone did the math on reddit and you have a better chance of hitting the lottery than you do bruteforcing private keys. That being said, some wallets might have bugs in address creation.
I don't see it as a major problem since it can be corrected, right now I'm more focus on the market of bitcoin and if you will analyze bitcoin had already achieve a great numbers of investors and supporters. With the growing value, I think it is wise to take advantage by buying now, we all have one goal which is to profit so we have to take risk as bitcoin pose great potential for the future that will give us an experience of winning lottery if possible.

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April 04, 2017, 06:09:21 AM
 #914

if measuring the strength bitcoin this time, I think it would be very difficult, because every day, bitcoin always increase. moreover, so much support is provided for bitcoin, from large companies that exist in the world.

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April 04, 2017, 06:12:24 AM
 #915

bitcoin is not so strong enough in case of security and it can be hacked as it happen during the bitfinex attack. well the bitcoin is so strong that it can run without any government people and it can totally by itself for the world to keep going.

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April 04, 2017, 06:45:25 AM
 #916

bitcoin is not so strong enough in case of security and it can be hacked as it happen during the bitfinex attack. well the bitcoin is so strong that it can run without any government people and it can totally by itself for the world to keep going.
it is not about bitcoin, it is because bitfinex security system is not good enough and hackers attacked and change all the address. Dont blame Bitcoin, it is very good right now. If you do not like Bitcoin, you can change to another type of currency



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April 04, 2017, 07:23:09 AM
 #917

bitcoin is not so strong enough in case of security and it can be hacked as it happen during the bitfinex attack. well the bitcoin is so strong that it can run without any government people and it can totally by itself for the world to keep going.
it is not about bitcoin, it is because bitfinex security system is not good enough and hackers attacked and change all the address. Dont blame Bitcoin, it is very good right now. If you do not like Bitcoin, you can change to another type of currency
That's completely correct, exchange sites are more prone to hacking because it is where a lot of money are stored, and because of that people lose their money not because of their negligence but because of a certain site. I hope that will serve as a learning experience for those who lose their money not to trust their money in one site only although it's a popular exchange sites.

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..Fueling Crypto Securitisation..
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April 04, 2017, 08:54:31 AM
 #918

bitcoin is not so strong enough in case of security and it can be hacked as it happen during the bitfinex attack. well the bitcoin is so strong that it can run without any government people and it can totally by itself for the world to keep going.
it is not about bitcoin, it is because bitfinex security system is not good enough and hackers attacked and change all the address. Dont blame Bitcoin, it is very good right now. If you do not like Bitcoin, you can change to another type of currency
That's completely correct, exchange sites are more prone to hacking because it is where a lot of money are stored, and because of that people lose their money not because of their negligence but because of a certain site. I hope that will serve as a learning experience for those who lose their money not to trust their money in one site only although it's a popular exchange sites.
You can't blame them if they put their money in those popular exchangers because that is how they create money because if they see a dump and then they can actually buy right away because it is very easy to buy when you already have the money. I also do the same thing with altcoin exchangers, i put the 75% of my bitcoin into sites like poloniex because when an altcoin dump, i can easy buy and make profits.

yuiyuga
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April 04, 2017, 10:21:16 AM
 #919

bitcoin is not so strong enough in case of security and it can be hacked as it happen during the bitfinex attack. well the bitcoin is so strong that it can run without any government people and it can totally by itself for the world to keep going.
it is not about bitcoin, it is because bitfinex security system is not good enough and hackers attacked and change all the address. Dont blame Bitcoin, it is very good right now. If you do not like Bitcoin, you can change to another type of currency

Yes you are right. The very blockchain system is very well protected. And I think this is one of the safest ways to store your assets
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April 06, 2017, 06:05:23 AM
 #920

If your friend thinks Bitcoin can be hacked, good for him. But ever since the Bitcoin appeared on the radar, not a single time it has been breached. What your friend doesn't understand is that BTC is not some random network operating next door. It's the most widely used, yet the most secure cryptocurrency out there. You will need plenty of supercomputer and some killer programming skills, and after a few years, you might be able to hack into one bitcoin address.

There is always more to learn about Bitcoin at www.btcwonder.com
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