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Author Topic: Re bitcoin can be hacked  (Read 998 times)
pixie85
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November 25, 2017, 10:48:30 PM
 #21

If you want to be safe don't open suspicious emails, don't open rar/zip or other packed files if they don't come from known sources, don't click on suspicious links, try to avoid torrents and porn sites. At least don't do any of that on a computer you're using for work. I have been following this advice for years.
50ouncebrew
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November 25, 2017, 11:19:47 PM
 #22

Bitcoin can only be hacked by hackers of an individual person and not the network itself. This would be like saying "The United States Dollar Can Be Hacked" well of course, naturally, however only if we are talking about individual case-by-case basis, because no one person can steal or hack all of the US Dollars in existence, of course that is impossible and pointless because the value will go to 0 instantly.



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Victorycoin
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November 26, 2017, 06:53:32 AM
 #23

If you want to be safe you should think like a hacker.
First, a hacker will try to hack your passwords throw trojans, malwares or anything to gain access to your computer, so, you have to use a good antivirus and never download a file from an untrusted website.
Then, a hacker can pretend to be your friend to collect as much information as possible such as birth date or best friend name. Those information can be valuable when trying to reset your passwords.
Hacking a human mind is always easier than hacking a software.
Some unscrupulous elements often set up sites or programs, where people willingly hand in their details and there're site owners, who're into the business of selling such information. So joining all manners of programs online, can be how hackers gain access to people's details and that's one more reason the use of one and same password, pins or patterns across programs is a must avoid.
ridho002
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November 26, 2017, 08:25:18 AM
 #24

I see now, many people whose accounts are hacked or their own wallets, somehow that can happen, if asked what they have done, even they answer no strange weird things.
sungaiyangderas
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November 29, 2017, 10:14:23 AM
 #25

Basically no one can hack bitcoin, because blockchain technology is a settling system that can not delete or edit data recorded on blockchain, Blockchain is something different, transparent and secure. They can only steal your bitcoin from the wallet, it also depends on one's security.
hilda483
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November 29, 2017, 10:18:54 AM
 #26

There's a lot of intelligent individuals especially hackers now a days. For me, I think bitcoin assures the security of their users so they come up of having paper wallet etc. So in our part maybe we should think a strongest password and make sure to always logout and dont share personal info:) to prevent this kind of event.

This is pretty much a general rule for everything you do on the internet. Bitcoin can be hacked, but, not in the in way you meant. People can be hacked, that's you wanted to say.

Alex Moore
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November 29, 2017, 01:11:48 PM
 #27

I think modern companies do their best to protect bitcoin-users from hacking or theft. I came across an article about the service from the UK. Here it is - https://usethebitcoin.com/matbea-net-find-previous-owner-bitcoin/
Using this service for free you can track the bitcoin address, create a wallet and conduct a doublespend transaction. Are these not enough ways to protect yourself?
krishnaverma
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November 29, 2017, 02:45:32 PM
 #28

I would like to ask one more question here that what happens if the exchange we are using for trading bitcoins gets hacked. After they are hacked, one will not be able to access his account, then how will he trade the accumulated bitcoins.
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December 01, 2017, 04:09:25 AM
 #29

Due to the nature of digital mining, bitcoin’s value cannot be manipulated or altered. Bitcoin's value is secured thanks to the cryptographic functions that it employs, and though it could be hacked one day in the future, technology and cryptography experts agree that such an attack is unlikely in the near-term. However, the networks and storage locations where bitcoins are housed and “protected” can be hacked by malevolent forces. Despite assurances by bitcoin storage companies and developers of the currency, bitcoin exchanges can and have been hacked.
reamlady
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December 01, 2017, 11:40:47 AM
 #30

This is already a given situation, many people, especially, those who are already accustomed to hacking would venture to try the deed in this industry. The best way to counter it is to think the same way they do and secure your wallet.
ace4549
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December 02, 2017, 05:05:58 AM
 #31

In some circumstances maybe yes, who knows right? But the company and management of bitcoin provides a stong security all day to secure the investment of their customer free from hackers.
They have coordinated with the government to prevent this threat.
LuffyD.Monkey
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December 06, 2017, 12:18:49 PM
 #32

In some circumstances maybe yes, who knows right? But the company and management of bitcoin provides a stong security all day to secure the investment of their customer free from hackers.
They have coordinated with the government to prevent this threat.
In the cyber world anything can be hacked it depends upon the skills of the hacker. For instance Edward Snowden is very famous hacker you can get into any system but the thing is he is not a Black hat hacker. No system is safe. The safety and security of your account depends upon your care. Do not click on any line do not trust every website do not put your credentials and I will be in any digital device.
enterprevic1
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December 06, 2017, 12:42:25 PM
 #33

I doubt if it can ever be hacked, I mean the network is so complex and the developers are working daily to make it better, and even if its hacked the transactions would be on the blockchain, except the hackers hack the blockchain too and alter transactions

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s31joemhar
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December 17, 2017, 10:42:21 AM
 #34

I think there is no such thing impossible in this world since all things are deals with the usage of technology. There is chance that it may happen but the company of bitcoin provides a high security to prevent this threats and protect the interest of their investor free from all kinds of risk.
mabell943
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December 20, 2017, 03:06:40 PM
 #35

I think there is no such impossible thing that cannot be happen in this world.
There is a threat that it may happen but the company of bitcoin provides a high security and employs a high calibrated IT professionals to secure that this thing can be prevented to happen and cannot be cause any conflict.
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December 29, 2017, 10:00:17 AM
 #36

Anything in this generation is possible specially hacking some websites or any system on virtual world.
The company and management of bitcoin consider this threat that may happen; in order to not this thing happen they provide a high security and IT experts that will prevent this thing to occur.
harbin55
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January 12, 2018, 07:14:34 PM
 #37

Unfortunately there is a possibility that it may happen. In SWOT analysis, I think the threat of hacking is the major external factor that can affects the system of bitcoin. 
Through the innovation and security they have.  They make some systems that will prevent this threat to occur and assured all investors that their money is safe and is in the good hands.
Shinza
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January 12, 2018, 07:18:06 PM
 #38

There's a lot of intelligent individuals especially hackers now a days. For me, I think bitcoin assures the security of their users so they come up of having paper wallet etc. So in our part maybe we should think a strongest password and make sure to always logout and dont share personal info:) to prevent this kind of event.
The truth is that the btc wallet security is very high however I have seen fake emails fooling you into offering you keystore files or anything that could open your wallet, beware. Also your account on the forum is very easy to be stolen.

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January 12, 2018, 08:06:15 PM
 #39

The bitcoin protocol in itself is ultimately hard to be hacked, let alone its security be compromised. However, the services that is built to cater bitcoin transactions or involves bitcoin is more susceptible to hacks and easier to breach compared to brute-forcing a single private key. Also, the ones that you're referring to are the basics of internet security and should be followed at all costs since there are tons of rogue hackers all over the world which can get inside of your system by just visiting a single link or downloading malicious files. The wallet can be hacked, yes, and that is due to the carelessness of the end user, but the make-up of the wallet cannot be easily cracked.

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January 12, 2018, 11:18:55 PM
 #40

Bitcoin can not be hacked despite the fact that there are a lot of intelligent hackers out there but the only thing that jeopardize bitcoin is human error when online or offline which literally leads to wallet been hacked.

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