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Sir Legend
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April 20, 2017, 01:25:24 AM |
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As far as I know bitcoin is a secure way to send payments and there's no way that a tx can be traced unless you are using 1 address for all of your transactions.
Yes true, when the transaction was tightened then the best option is bitcoin, anonymous, secure, fast and cheap cost. In addition bitcoin is a very profitable investment. |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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the rise
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April 20, 2017, 01:48:24 AM |
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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
As long as you keep your private key very safe and don't show it to anyone but yourself, then bitcoin is pretty much unhackable. If you go around showing your private key, you are probably gonna get hacked. If the owner of a wallet show off his or her private keys, that is not hacked nor stolen, more likely it is given. You show your privatebkey, there are no other reason why you will be losing you bitcoins stored on the wallet. Maybe you can showw off your bitcoin wallet address, but when it comes to your private keys, that is a different story. In terms of strength bitcoin has a very strong level of security, but all responsibilities are based on ourselves while we are used to entrust financial security to banking institutions, so it needs a maximum adaptation process, or we will experience a fatal loss. In addition to the private key system, I think we need to trust completely on blockchain because so far they have been developing a decent security system for us to use. |
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Botnake
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April 20, 2017, 04:18:48 AM |
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As far as I know bitcoin is a secure way to send payments and there's no way that a tx can be traced unless you are using 1 address for all of your transactions.
Yes true, when the transaction was tightened then the best option is bitcoin, anonymous, secure, fast and cheap cost. In addition bitcoin is a very profitable investment. It's not actually fully anonymous but it can give us a fast transaction paying only a cheap amount for the fee, people should know especially those who are constantly sending money and been paying high fees to the remittance business. |
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ankit10
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April 20, 2017, 05:12:59 AM |
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Hacking of prediction on gambling or casino sites is a not easily or impossible if really it was easy then every hacker start hacking gambling sites and definitely it affect bitcoin price . "bitcoin was strong as humans thought" no can beat or lead bitcoin.
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boyptc
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April 20, 2017, 05:36:29 AM |
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As far as I know bitcoin is a secure way to send payments and there's no way that a tx can be traced unless you are using 1 address for all of your transactions.
You really know that bitcoin is a secure way to send payments and but transactions can be track because you can see it on the blockchain technology. The only thing that makes it hard to traced is that all of the transactions are just written in bitcoin address and there's no information from the person transacting so that's making it strong. |
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tartaras
Newbie
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Activity: 12
Merit: 0
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April 20, 2017, 06:15:00 AM |
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The true power of bitcoin is that no single person or institution can monopolize in regulating the gait, this is free, and decentralization of course, the blockchain system makes it extraordinary
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TIDOVEE
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April 20, 2017, 06:20:00 AM |
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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  im looking at this strength at the point of security or vulnerability. i think the strength of a thing can be better measured better measured by the amount of opposition, challenges or pressure it undergoes, which has not yet been measured so far. until its been faced by strong hackers or government influence, its still very much safe. join me to agree that its strong |
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Oralmat
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April 20, 2017, 06:24:45 AM |
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As far as I know bitcoin is a secure way to send payments and there's no way that a tx can be traced unless you are using 1 address for all of your transactions.
When someone try to bitcoin for money transfer than he always use bitcoin for amount transfer and also mostly people use bitcoin for making money and earn money from bitcoin, it is really good and suitable way for everyone not only few people. I see my mostly friend who have no trust on bitcoin, but when they start to work with it, now they are earning with bitcoin very well. |
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Inkdatar
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April 20, 2017, 06:44:51 AM |
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Bitcoin has been stronger daily because of its demand and anyone attracts into use bitcoin. Because bitcoin gives help to anyone as one of advantages is fast transactions and secured store money into your wallet. So for me bitcoin has been really stronger day by day.
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coinbitte
Member
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Activity: 90
Merit: 10
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April 20, 2017, 06:48:56 AM |
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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
It's stronger than we imagine. |
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sevendust777
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April 20, 2017, 07:09:46 AM |
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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
It's stronger than we imagine. Bitcoin is not that easy to hacked as your friend says that it is. If bitcoin is easily to hacked maybe the price got down below $500. So I can say bitcoin is secure and going stronger daily. |
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Biggapp
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April 20, 2017, 08:27:03 AM |
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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
It's stronger than we imagine. i think your friend was just joking, bitcoin is really very strong, if it was easy to hack bitcoin then how bitcoin has such high price and how it has become such popular currency? All the bitcoin wallets are highly secured, it is not east to hack it with calculator or any formulas. |
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jovs
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April 20, 2017, 11:14:23 AM |
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Bitcoin is strong and there are some bugs in blockchain technology which are being fixed timely as we see new wallets with more improvements. This simply doesn't make Bitcoin weaker, I think your friend has heard about different hack about Bitcoin but those were exchanges or service providers who had flaws in their security systems. I don't think that your friend can do anything with Bitcoin in regards of security directly.
As we can see bitcoin is developing each day. If new problems make to block bitcoin transaction it is sure that there is always a answer for the problem. It is been fixed because of the development of bitcoin each day not just on transaction wise but of course on its security and it price pumping ability is working each day. So if we will assure the power or how strong is bitcoin for me it changing everyday as it develop for the better bitcoin on the near future. |
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asdalani
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April 20, 2017, 11:25:24 AM |
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Bitcoin is not that strong if you really think about it, brute-forcing the passwords is possible so Bitcoin is not that secure.
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CraigWrightBTC
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April 20, 2017, 11:32:24 AM |
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Bitcoin is not that strong if you really think about it, brute-forcing the passwords is possible so Bitcoin is not that secure.
Yes you are right if you talking about the password of wallet bitcoin, it can be hacked with some method of hacking but the bitcoin's network is not easy be hacked, it is impossible at least for right now, the weakness of password bitcoin wallet be made by users of bitcoin doesn't mean bitcoin is weakness too personality bitcoin is strong even the price will not goes down too deep. |
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mackenzied
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April 20, 2017, 11:47:04 AM |
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Bitcoin is not that strong if you really think about it, brute-forcing the passwords is possible so Bitcoin is not that secure.
Bitcoin is really safe, it's very hard to hack, it's never hacked. Currently, there is a large amount of bitcoin in the world, it is carrying a great value, if it is really easy to hack, it has been happening continuously, however, we do not see any information. I'm sure many hackers want to do that, but they have not been able to carry out their plot. |
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Mumbeeptind1963
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April 20, 2017, 02:31:07 PM |
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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 dont know but im sure it has good enough because many people are investing on it and earning as well, so in the previous years it already build up its foundation in the cryptocurrency world. |
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jackychanxxx
Member
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Activity: 62
Merit: 10
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April 20, 2017, 03:01:55 PM |
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Bitcoin is not that strong if you really think about it, brute-forcing the passwords is possible so Bitcoin is not that secure.
this is unlikely to happen as long as you have set a strong password. brute-forcing may take centuries |
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iDice_io
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April 22, 2017, 08:14:38 AM |
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It's quite secure if you keep your private keys secure! We should see better solutions beyond hardware wallets in the future. Those are quite expensive.
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erickkyut
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April 22, 2017, 03:51:05 PM |
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i think Bitcoin had proven its strength already. Just value looking on its value when it started up to its current value, from $.3 to $1120, we can conclude that Bitcoin is really strong. Actually even stronger than some currencies we knew. And it keeps on growing stronger as time goes by.
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