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Author Topic: Is Bitcoin Hackable?  (Read 4056 times)
gwopr
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April 21, 2018, 05:21:58 PM
 #441

bitcoin is incredibly secure so I don't think there's a way to hack it.absolutely confident in the system of cryptocurrencies and blockchain
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April 21, 2018, 05:25:39 PM
 #442

all can be hacked
including bitcoin security, depending on the skill of the hacker
all connected to the internet can certainly be hacked
any sophisticated system there must be a weakness
Timok Abiodun
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April 21, 2018, 05:26:42 PM
 #443

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.

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April 21, 2018, 05:27:52 PM
 #444

bitcoin is incredibly secure so I don't think there's a way to hack it.absolutely confident in the system of cryptocurrencies and blockchain

Seconded. There hasn't been a proven theory or concept that bitcoin can be hacked. At least not until the quantum computers becomes available at a retail level. Until then, It's seen to be very much secure. The only thing bitcoin is prone to is wallet hacks, bugs or phishing attacks. Other than that, not much vulnerability in the blockchain itself has been found

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April 21, 2018, 05:29:29 PM
 #445

There is one type of attack that could affect the bitcoin network: the 51 percent attack, which is widely considered to be bitcoin’s greatest inherent flaw. Because it is decentralized, bitcoin is vulnerable if any one player or cartel gains control of 51 percent of the computing power of all miners. This would allow them to stop transactions and reverse transactions, which would throw the network into chaos. In the past, at least one group has achieved control of 50 percent of the network. However, the more people using bitcoin, the safer it is — and more people are using bitcoin now than ever. It’s difficult to get an accurate count of how many users bitcoin has, but the estimates are in the millions.
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April 21, 2018, 05:37:52 PM
 #446

I think any criptocurrency is hackable but BTC wallet is very secured comparing with other criptocurrencies. For ex., blockchain.info wallet has 2FA that is good for wallet security

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April 21, 2018, 05:40:20 PM
 #447

No banking method is every completely safe.
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April 21, 2018, 05:55:00 PM
 #448

Bitcoin Hacking is not easy. Because Bitcoin's systems are very well-stocked. You can't do anything if you want.

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April 21, 2018, 06:14:58 PM
 #449

I think bitcoin can be hacked but not so easily. Bitcoin is established and we just need to be cautious with our passwords. Changing in a reasonable time will help secure our accounts.
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April 21, 2018, 06:19:34 PM
 #450

For me, everything is hackable even the highest secured system can be hacked. Intelligence of a hacker is growing. I know this because I am an Information Technology student. When a programmer did not get what they want, they'll never stop until they get what they want.

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April 21, 2018, 06:22:08 PM
 #451

For me, everything is hackable even the highest secured system can be hacked. Intelligence of a hacker is growing. I know this because I am an Information Technology student. When a programmer did not get what they want, they'll never stop until they get what they want.
I'm 100% agree with you because all those systems were made/created by humans so it can be broke down by humans also and that's a possible thing.
People will say Bitcoin is high-technology or unhackable or perfect thing but the sad thing is , perfect thing isn't exist in this world at all.

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April 21, 2018, 06:24:14 PM
 #452

Well for me nothing is safe in the internet. Even government system can be hacked. But finding ways on how to improve the security of the system is more important.
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April 21, 2018, 06:35:59 PM
 #453

All the cryptocurrencies and Fiat currency are hackable in the world. So we only protect ourself otherwise it is hackable in anytime. Because everything is digital in the world so this technology is useful to hacking. But we hold in hardware wallet it is hard to hack in the investment so many peoples are buy a hardware wallet and store the Bitcoin and some altcoins it is reduce the risk of hacking.

 
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April 21, 2018, 06:37:19 PM
 #454

bitcoin and other crypto currencies are based on cryptography, and this technology has never been nagged in its history
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April 21, 2018, 06:37:54 PM
 #455

I don't think hackers can crack bitcoins. Before that, several important missing bitcoin events were caused by users' negligence or other vulnerabilities, not technological reasons.
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April 21, 2018, 06:38:46 PM
 #456

Yes Its Possible to hack bitcoin but that depends whether the attacker is trying to hack directly or indirectly. If someone tries to hack a bitcoin wallet directly they can try to brute force to the private key and that can take a super computer 3years constant trying(and no one is going to keep their money in a address for 3 year).
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April 21, 2018, 06:40:14 PM
 #457

I think it is possible to hack bitcoin if your not careful in your account and you show your bitcoin publicly theres a huge chance that someone might hack your account but there are instances that if your wallet address might go down and lost all your bitcoin on it
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April 21, 2018, 06:41:10 PM
 #458

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
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April 21, 2018, 06:45:46 PM
 #459

It seems that there have been many cases of bitcoin token theft. Either from the mistake of the owner or a wallet system error. Perhaps what is needed is the improvement of the security system and the careful in using the wallet.
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April 21, 2018, 06:47:48 PM
Last edit: April 22, 2018, 07:13:48 PM by Saddam Bin Delowar
 #460

Bitcoin is the best digital crypto currency. I think Bitcoin Hacking is not easy. Because, bitcoin security is much better.
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