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Author Topic: Is Bitcoin Hackable?  (Read 4060 times)
Elkafi
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April 21, 2018, 12:36:26 PM
 #401

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?

I think until now bitcoin is unhackable. it is secure. maybe the wallets are hack-able, so change the passwords frequently.
Sayed Rifat
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April 21, 2018, 12:37:17 PM
 #402

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
Bitcoin is not hack able. Because it is a currency. But it's wallet is hack able. But if you secure it properly it is safe. so I say you must secure it properly.
yusupjatigumilar
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April 21, 2018, 12:49:19 PM
 #403

bitcoin can not be systemally retarded but it can happen when someone's account authority is not properly maintained, meaning that if someone can not keep their username / password safely it will not close the possibility that he BTC can be lost stolen by others
drlederman
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April 21, 2018, 12:54:09 PM
 #404

It is a small theoretical chance the cryptography behind Bitcoin can be broken at some point in the future. Previously broken cryptos had been attacked/weakened severely before broken, so I am confident we have time to adjust before any problems. In addition, if ECDSA or SHA is taken down there is a lot bigger fish than bitcoin they will attack before us.
TWW
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April 21, 2018, 12:58:07 PM
 #405

i never heard news about bitcoin being hacked....except news about accounts with many bitcoin phised or some exchangers hacked...there is nothing to worry about bitcoin's security...the only thing you need to protect is your password or private key's security
PonyBoy
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April 21, 2018, 01:01:37 PM
 #406

Bitcoin is not hackable only if somebody will have 51% power hashrate of mining but i think its impossible in our time .
Stromspirit
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April 21, 2018, 01:09:11 PM
 #407

start to learn or often read sir, "bitcoin" itself can not be hacked. private key is a very large random number. it may be a mistake on yourself your wallet can be hacked. if you are not careful, use a weak password or have a compromised machine that you use for your wallet.
edsnowangel
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April 21, 2018, 01:14:14 PM
 #408

OK to answer your question there are 2 things you need to think

bitcoin itself is hard to hack or to breach in its security systems because of its technology and the encryption use that makes almost impossible for humans to solve the math
now when hacking bitcoin there are ways but not the bitcoin system but thee bitcoin wallets.
instead of hacking the bitcoin system hackers see the potential of bitcoins in the market and to the financial system bitcoin has a great value that hackers wants so instead of hacking the bitcoin system they hack bitcoin wallets to get all bitcoin inside of that wallet in that way they can have more use in the things they can get.

so to conclude bitcoin system is hard to hack I am not saying it's unhackable because no system is safe
and hackers often hack bitcoin wallets than bitcoin system

sd
carlisle1
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April 21, 2018, 01:14:30 PM
 #409

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?
Blockchain is one of the most secured technology in the world has created so it's impossible for bitcoin to hack,but your wallets or the exchanges are vulnerable for hacking in which where you putting you coins..thats another issue,so better be aware of that and find the most secured one to store all yor coins
imking
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April 21, 2018, 01:23:24 PM
 #410

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?
What is Bitakayena? What Bitakayena means? You mean Bitakayena is bitcoin. Moreover.  Bitcoin can’t hack the only hackable is the wallets. Like Coinbase, Xapo, and others. With the help of the blockchain technology, it’s too hard to hack the bitcoin. The different wallets can provide the security the 2RF code the 12 words of the blockchain wallet, but in the end, the safety of the bitcoin is on your hard. If you tell your wallets info to others or you are the careless person I sure you can be a hack.
B{o}T
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April 21, 2018, 01:31:46 PM
 #411

At present Bitcoin system has quite reliable protection against hacking and unauthorized actions. This protection is provided by:
1) reliable and open source code, over which professional programmers from all over the world work;
2) a reliable cryptographic algorithm for the SHA256 hash function.
jayveerastrullo
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April 21, 2018, 01:39:23 PM
 #412

It depends on the website you are using. There are only few websites that are legit, safe and not hack-able. So just be very careful and always check the websites and people you trust.

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clipman77
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April 21, 2018, 01:44:49 PM
 #413

Since the advent of bitcoin, there have been stories about the fact that it will soon be broken, at first it was all sorts of hackers, then quantum computers, but there is still not even a small hint that bitcoin or blockchain has found a vulnerability.
buyandsale
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April 21, 2018, 01:48:31 PM
 #414

for sure it is hackable if anyone has knowledge of hacking phones or emails id passwords
jamiebear
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April 21, 2018, 01:53:03 PM
 #415

The issue of security has been a fundamental one for bitcoin since its development. On one hand, bitcoin itself is very difficult to hack, and that is largely due to the blockchain technology which supports it. As blockchain is constantly being reviewed by bitcoin users, hacks are unlikely. On the other hand, though, the fact that bitcoin itself is difficult to hack does not mean that it's necessarily a safe investment. There does exist potential for security risks at various stages of the trading process.
Alexmagn84
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April 21, 2018, 01:59:29 PM
 #416

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?
All hack in possible, if hacker know that your security. But bitcoin hack is something difficult. Hacker always call to you,mail,and phone. It's depends for your technology knowledge. I know you do it use us many site.if you will login the same mail and same password with your bitcoin then hacker try it.so you have safety always and your mind.

TheGreatUnknown
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April 21, 2018, 02:02:01 PM
 #417

Bitcoin was launched in 2009 as a decentralized digital currency, meaning that it would not be overseen or regulated by any one administrator, like a government or bank. But still Bitcoin is theoretically vulnerable to hacking, although not necessarily more so than PayPal, a traditional bank, or the Visa network. Because its code is open source, programmers continuously review it for flaws. This means the underlying protocol is pretty robust. There is little fear that the bitcoin code itself could be exploited.

infested
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April 21, 2018, 02:04:02 PM
 #418

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?

Nope its extremely resistant. At least until quantum computers improve and even then it will probably take them years to break the code.
zwiggel
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April 21, 2018, 02:19:49 PM
 #419

I think not. Bitcoin is hard to hack. I have not heard any cases. This is a strong point of bitcoin. Bitcoin has high security. Although the bitcoin market around the world, it still guarantees to all investors active. I very much appreciate the bitcoin managers, they have been fighting the thieves to keep the bitcoin market safe.
gadimbrut
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April 21, 2018, 02:51:17 PM
 #420

I think the security of bitcoin is good and it will be very hard to crack, usually nowadays no one can fabricate bitcoin, which I know hackers usually only attack exchange instead of bitcoin, like never happened before in japan
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