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Author Topic: Why is Bitcoin such a secure technology?  (Read 1216 times)
jtipt
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September 24, 2016, 02:19:47 PM
 #21

Sometimes people ask me "What makes Bitcoin so secure? Why is this technology so safe?

How would you answer this question? Do I have to answer it with regards to Proof of Work?

Thanks for your thoughts on this  Smiley
Well the simple answer is once a transaction is made its not possible in any way to reverse it and bitcoin is completely a virtual currency so if you protect it well its damn hard to steal it. But still its not 100% secure.
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September 24, 2016, 03:24:25 PM
 #22

Bitcoin is backed by math, and math cannot be broken. It is mathematically impossible to attack the bitcoin network, it simply cannot happen. We know that nobody can hack the system unless some aliens visit us and give the government an advanced quantum computer or something, which yeah its just not going to happen.
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October 15, 2016, 02:05:18 AM
 #23

Bitcoin is backed by math, and math cannot be broken. It is mathematically impossible to attack the bitcoin network, it simply cannot happen. We know that nobody can hack the system unless some aliens visit us and give the government an advanced quantum computer or something, which yeah its just not going to happen.

Bitcoin is backed by math,
bitcoin is also hacked by math.

It's an arms race.
He with the better math can hack your inferior math.
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October 15, 2016, 06:01:28 AM
 #24

Bitcoin is backed by math, and math cannot be broken. It is mathematically impossible to attack the bitcoin network, it simply cannot happen. We know that nobody can hack the system unless some aliens visit us and give the government an advanced quantum computer or something, which yeah its just not going to happen.

Bitcoin is backed by math,
bitcoin is also hacked by math.

It's an arms race.
He with the better math can hack your inferior math.

Well, there are a lot of smart people in this world and it has been many years since bitcoin was created but until now we have not seen any news that bitcoin was hack, I guess although it is possible as you said but no one can do that even the smart programmer.

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Selly Arumsari
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November 26, 2016, 06:39:21 AM
 #25

Sometimes people ask me "What makes Bitcoin so secure? Why is this technology so safe?

How would you answer this question? Do I have to answer it with regards to Proof of Work?

Thanks for your thoughts on this  Smiley
because bitcoin save our money , wiil be very dangerous if does not include secure .. it would be easy for thefts from hacker
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November 26, 2016, 11:42:41 AM
 #26

Why is bitcoin such a secure technology? well, as we can see, bitcoin was created long time ago, it become a long term currency. I see bitcoin a secure technology because it can save the money we get. And we all know that bitcoin is an open source and decentralized, and this means that anyone can access the entire codes at any time but since it is secure, no one hackers hacked bitcoin.
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November 26, 2016, 11:57:51 AM
 #27

Bitcoin is not controlled by a client. It's purely interlinked between network, so every data transaction gets added to the public database. The technology backing has a open source coding, so that it can be developed based upon increased security. Also confirmations got from various nodes make it more secure.

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November 26, 2016, 12:02:38 PM
 #28

Sometimes people ask me "What makes Bitcoin so secure? Why is this technology so safe?

How would you answer this question? Do I have to answer it with regards to Proof of Work?

Thanks for your thoughts on this  Smiley

I think its because you alone can monitor your accounts. You can monitor your investments and trading transactions and if ever there is scam it will report immediately. We need a good strategy and smart decisioning in Bitcoin world.

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canah17
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December 01, 2016, 04:47:29 PM
 #29

Sometimes people ask me "What makes Bitcoin so secure? Why is this technology so safe?

How would you answer this question? Do I have to answer it with regards to Proof of Work?

Thanks for your thoughts on this  Smiley

Good day to you Smiley i would like to share my ideas and experience about how secure and safe. Well its because bitcoin is a money its very very important like the money from the real world but still its seems like fake but as you can see bitcoin is one special creation a money in the internet it is valued by the government because they accept bitcoin as a payment or salary and you can even bank it out its very safe because the one you put the bitcoin in has a secure website and its very safe to put it.. but the best  thing to do is try it yourself because once you tried it you will be in the bitcoin world if it fails you can spread the world that bitcoin has no security. That i would like to say if someone ask me Smiley well thank you for making this topic i had really great time thinking Cheesy Good day
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December 01, 2016, 05:00:59 PM
 #30

Sometimes people ask me "What makes Bitcoin so secure? Why is this technology so safe?

How would you answer this question? Do I have to answer it with regards to Proof of Work?

Thanks for your thoughts on this  Smiley

Bitcoin is secure because it is based on proven state-of-the-art cryptography and the blockchain technology which allows to make transactions in a trustless network without using a banking system. Bitcoin itself is a banking system. When making payments with fiat, you have to trust your bank that it won't steal your money. With Bitcoin, you don't have to trust anyone specifically. Basically, you trust the payment system itself.
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December 01, 2016, 08:34:51 PM
 #31

Bitcoin is not controlled by a client. It's purely interlinked between network, so every data transaction gets added to the public database. The technology backing has a open source coding, so that it can be developed based upon increased security. Also confirmations got from various nodes make it more secure.
i think the reason is that bitcoin is not under the control of nay one, and that the reason that bitcoin is a secure technology. i think it is not such an easy job to hack bitcoin. therefore i is more secure technology.
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