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Author Topic: Is Bitcoin Hackable?  (Read 4056 times)
Saldung
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April 23, 2018, 11:18:16 AM
 #561


Bitcoin is hackable or not depend on you keep your wallet private key safe or not cause there are no way to hack Bitcoin if hacker doesn't know any informations about the wallet you are using to keep your Bitcoin. Beside if you use web wallet I think it's a little bit more difficult to hack cause when anyone want to withdraw Bitcoin from your web wallet they need to know the code sent to your phone so it's impossible to hack your Bitcoin if they can't hack your phone Smiley). Beside what does Bitakayena mean?
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linshuhow
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April 23, 2018, 11:18:58 AM
 #562

doesn't seem likely, one of the values of Bitcoin or Blockchain is it's security
Cutieh01
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April 23, 2018, 11:20:32 AM
 #563

Bitcoin is not hackable, it is used by many investors and partnerships, making hackable people just themselves, because they want to make their wealth easier. Bitcoin made to grow or develop the country.

Yes maybe you can hack bitcoin since bitcoin is a programmable it can be view by the programmers. But as we all know bitcoin is build in blockchain technology so it is compose of multiple password so it is not easy to hack maybe in the future we never know.
money1122
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April 23, 2018, 11:21:55 AM
 #564

All is hackable, above all if it is a online system.
But i think that is not easy to hack the bitcoin system, and the team is constantly work to make secure their systems
Namsantower
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April 23, 2018, 11:22:08 AM
 #565


Everything on the internet is hackable, but the question is , will it be easy, I am sure bitcoin should be hackable but wont be that easy.. Minor hacks like targeting a person and stealing his private keys should be the easiest but hacking the network .. thats a story for another time
Ucihashin
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April 23, 2018, 11:23:31 AM
 #566


To me things based on internet are hackable.no matter how strick security you provide it is still on some risk.
Naster
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April 23, 2018, 11:36:32 AM
 #567

The biggest threat of security are PEOPLE.  The miners which "control" the transactions can put their force together (to become §centralized") and exploit this to manipulate transactions (very unlikely that it happens at the current time, but still it's not impossible). However for this to happen, they have to gain control of 51% of the computing power of all miners.
In theory, obtaining a majority of network power could potentially enable massive double spending and the ability to prevent transaction confirmations, among other potentially acts.

Even if some leaders in the industry believe that possessing 51% of network power is not enough to enable an all-out attack, it's still a risk to keep in mind.

It's critical to keep the network decentralized as much as possible.

For instance, you can see here the actual distribution of mining pools:



trader_ok
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April 23, 2018, 11:41:40 AM
 #568

The higher the demand, the higher the security of bitcoin. But of course nothing is 100% secure and a potential hack could happen, but that would really bring a lot of damage and lack of trust in cryptocurrencies as such.
Krispin47
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April 23, 2018, 11:50:02 AM
 #569

Now everyone is investing heavily on Bitcoin. But can anyone hack this Bitakayena? If Bitcoin means hacks, then there will be a lot of damage. Where is Bitcoin's hidden security?
here in forum you can got that when you scam others here in bitcointalk forum no one is secure here even your so protective in your account if the work of some person is hack or scam other they have also an professional skill from doing that i have also group in facebook group that can create a phsing site to hack someone so be careful before you register in other site
harbs23
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April 23, 2018, 11:53:43 AM
 #570

Now everyone is investing heavily on Bitcoin. But can anyone hack this Bitakayena? If Bitcoin means hacks, then there will be a lot of damage. Where is Bitcoin's hidden security?
actually no one system is perfect! but in this case is different . bitcoin is not a hack or scam. it is up to us on how it  is use properly.
As they say! THINK BEFORE YOU CLICK!
NNMT
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April 23, 2018, 11:58:02 AM
 #571

In my opinion bitcoin can be hacked. Because in 2011, hacking activities have cost tens of millions of dollars. Over the years, many attacks on Bitcoin have caused huge losses to investors.
Glorypaasa
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April 23, 2018, 12:02:46 PM
 #572

Now everyone is investing heavily on Bitcoin. But can anyone hack this Bitakayena? If Bitcoin means hacks, then there will be a lot of damage. Where is Bitcoin's hidden security?
No based on ny own experienced it is safe and not hackable by someone. But of course we need to secure our money for some back up purposes. Dont trust easily to those person that you really dont know. And dont ever try to open your account to someones personal computer.
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April 23, 2018, 12:08:44 PM
 #573

In my opinion bitcoin can be hacked. Because in 2011, hacking activities have cost tens of millions of dollars. Over the years, many attacks on Bitcoin have caused huge losses to investors.

what you are saying I think hacking bitcoin wallet and not bitcoin blockchain bitcoin wallets differs from bitcoin blockchain bitcoin wallets varies on their security base on their provider and bitcoin blockchain was secure with the encryption made it more impossible to humans to solve the math of encryption.

sd
Makingmoney2018
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April 23, 2018, 12:23:47 PM
 #574

Bitcoin is designed so that its basically impossible to guess the private key which means no one can hack or force themselves into your wallet. The problem maybe in the exchanges, wallets and other players that operate with bitcoins. And if hackers attack a website, it does not mean they attack the internet.
_yoshi
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April 23, 2018, 12:38:02 PM
 #575

If you hae a little bit of know how about bitcoin, you would know that theres the blockchain technology behind. And if you know how to blockchain tehnology works, you would know that theres not possible to hack the bitcoin blockchain. Because there are thousands of full nodes on this network. All those full nodes has a safety copy of the blockchain of bitcoin since the first block. So if someone hack in there and try to manipulate it, they would be an alarm in the whole network. Some people say the Stig could hack the bitcoin blockchain...
santafewarrior1980
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April 23, 2018, 12:38:22 PM
 #576

Bitcoin is designed so that its basically impossible to guess the private key which means no one can hack or force themselves into your wallet. The problem maybe in the exchanges, wallets and other players that operate with bitcoins. And if hackers attack a website, it does not mean they attack the internet.

Yes, any forms of money digital or traditional can be hacked even if protected of very strong security code. This is a big problem today because hackers are still creating applications to hacked system accounts.

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Iamdavid
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April 23, 2018, 12:39:49 PM
 #577

as far as tech is concerned, everything is hackable but this now depends on the security system of the bitcoin platform.. some people might be working so hard to get into the system.
pantheraio
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April 23, 2018, 12:44:41 PM
 #578

It can be hacked. But it depends upon you on how are you gonna take care of your wallet. Actually you can give security to your own wallet. With security code or google authentic.
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April 23, 2018, 12:59:57 PM
 #579

Now everyone is investing heavily on Bitcoin. But can anyone hack this Bitakayena? If Bitcoin means hacks, then there will be a lot of damage. Where is Bitcoin's hidden security?


Yes bitcoin is hackable because others can change it. Is it possible to hack only if you trust other person because in bitcoin you can only trust is yourself. There are so many person that are being hacked because they give it to others because they thought that they can ask a help.
Radientgurkin
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April 23, 2018, 01:01:34 PM
 #580

I will say it is dependable on the wallet. While some wallets are susceptible to hacking others are more prone.

But once all security features are activated you should be safe.

This is kinda discussing a separate issue.  BITCOIN per today has soon survived a decade of hack attempts and is considered safe.

Wallets however are only as safe as your PC/phone usage.  If someone empties your wallet due to reckless usage or poor security its not Bitcoin's fault.

As always, I recommend getting a hardware wallet like trezor, ledger etc.
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