Is bitcoin System Vulnerable ?

[gokselgok]

Still not. If it was vulnerable then hackers could have taken all the money. But it doesn't meant that it would remain safe life long. At anytime hacker could destroy the network but it's less likely to happen.

yes i agree but times goes by and it became more powerful and will search for the backdoor instead and vulnerabilities will appear.  so this means that they have to strengthen the security time by time so it will not compromise

[saiha]

Yes it is possible but given the amount of time it will take,I doubt anyone will even consider to give it a try

If you are saying that no one will going to consider to give it a try then why are you saying that the bitcoin system or network is vulnerable.

And it means that the network is possible to be hacked by someone, I don't know if you are on both sides or you are completely saying a no.

Because for me, that is a big no.

[MWesterweele]

This question is arising in my mind after i did some research.
What will happen if someone brute Force Private keys in Base58 Format ?

And he succeeds then I think he will get admin access to all the wallets and can ruin the Bitcoin.
I know it's very hard to go through the database but It's not impossible either.

Tell me what you guys think about this.

I don't think that bitcoin sysmtem is vulnerable those private keys etc . Because if bitcoin system is not safe then bitcoin should be died today but those bitcoin wallet is vulnerable and not the bitcoin i don't think so that bitcoin will be died also.

[European Central Bank]

if it had happene bitcoin would already be dead. if someone could do it they would render their theft worthless.

anything is theoretically possible. the likelihood is more important and that stands somewhere around nil.

[mace15]

Bitcoin system vulnerable, yes this is possible. I guess the  biggest
risk for bitcoin is end user security, and the biggest challenge is for
end users to take the security of bitcoins seriously. People are used
to the financial sector being able to restore access to bank accounts
in case credentials get lost - with bitcoin there is no one who can do this.

[Natlind]

It is not.

If it were, it wouldn't have existed till now.

It is not. Should this question be raised? Anyone being in this forum and know all about bitcoins would not post such. We all wont support if this is the case then and it would have not reached this stage. This has reached its height. The thread is just opposite to what bitcoin really is. Its goodness has made unemployed employed. Has made many rich and changed their lives a lot. Lot can be talked upon bitcoins. It's driven on a right and good path by everyone in this forum.  This value is really spoken upon.

[dothebeats]

No system is ever created perfect, and such vulnerabilities and flaws exist. Bitcoin is also not perfect; you can create double spend tx given the right condition, create a 51% attack that would fork the whole chain and create confusion among others. It's just that there aren't sufficient time, resources and efforts for these attacks to be sustained or prolong that can damage the whole network.

[Chennai]

It should not be and none expects this to turn as a vulnerable site. This is serving a lot to many. We all aim to earn bitcoins. This never directed to harm anybody or anything. The system is secured and developed in such a way that its easy to handle and learn more. The features are set up friendly as well. None of these would make anyone think to do something vulnerable.

[sasha456]

The bank system is also vulnerable, but no matter that the whole people in the world uses banking services.

[bitcoinhopper]

No system is ever created perfect, and such vulnerabilities and flaws exist. Bitcoin is also not perfect; you can create double spend tx given the right condition, create a 51% attack that would fork the whole chain and create confusion among others. It's just that there aren't sufficient time, resources and efforts for these attacks to be sustained or prolong that can damage the whole network.

This exact and true. Every system goes from experimental to beta to live and even then there will be room for improvement.
Just look at Microsoft. After windows 95 they made so many new version and even Windows 10 can't be called really stable.

[dothebeats]

No system is ever created perfect, and such vulnerabilities and flaws exist. Bitcoin is also not perfect; you can create double spend tx given the right condition, create a 51% attack that would fork the whole chain and create confusion among others. It's just that there aren't sufficient time, resources and efforts for these attacks to be sustained or prolong that can damage the whole network.

This exact and true. Every system goes from experimental to beta to live and even then there will be room for improvement.
Just look at Microsoft. After windows 95 they made so many new version and even Windows 10 can't be called really stable.

Windows 10 is a pain in the ass because of the shitty updates they have every now and then. As for bitcoin, it doesn't have those annoying attack vectors and loopholes so far, but as the system is up and running, people would try to find something in the code just to use it to their advantage. But no worries, developers are working hard to strengthen the security of the System.