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Author Topic: Bitcoin can be hacked?  (Read 2437 times)
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November 26, 2017, 03:48:51 AM
 #1

actually i want to know there is a possibility have to hack this supper e-money, because somebody hack it will be a huge effect for the economy.
pls give your valuable opinion. Sad Sad Sad Sad Sad Sad

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gatti
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November 26, 2017, 03:54:19 AM
 #2

actually i want to know there is a possibility have to hack this supper e-money, because somebody hack it will be a huge effect for the economy.
pls give your valuable opinion. Sad Sad Sad Sad Sad Sad

If they try to hack you bitcoin means,they have to spend the money more than the hacking bitcoin.I think no one will try to hack with loss for them and it's not at all easy to hack the bitcoin.It is very hard,bitcoin is the secured Crypto currency as compared to any altcoin.

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November 26, 2017, 03:54:33 AM
 #3

actually i want to know there is a possibility have to hack this supper e-money, because somebody hack it will be a huge effect for the economy.
pls give your valuable opinion. Sad Sad Sad Sad Sad Sad
There are likely no effective exploits for attacking the network beyond 50%+1 attacks and attacking individual nodes and wallet holders. If there were exploits that could be more easily performed then I would expect for someone to have figured it out by now. The fact that in ~9 years of existence there has never been a hack that managed to cripple the network tells a lot about the robust code built into Bitcoin. I personally have been following any sort of concepts related to hacking Bitcoin and there has never been something that provided fruitful results.
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November 26, 2017, 03:58:48 AM
 #4

I think bitcoin is hard to hacked because of the secured cryptocurrency unlike any other altcoin
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November 26, 2017, 04:00:44 AM
 #5

it's not at all easy to hack the bitcoin. so bitcoin is save!
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November 26, 2017, 04:02:39 AM
 #6

it's not at all easy to hack the bitcoin. so bitcoin is always save!
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November 26, 2017, 04:07:32 AM
 #7

actually i want to know there is a possibility have to hack this supper e-money, because somebody hack it will be a huge effect for the economy.
pls give your valuable opinion. Sad Sad Sad Sad Sad Sad
I don't think bitcoin can be hacked, I never heard of bitcoin being hacked before and for its 9 years of not being hacked it has proven that it has no security threat at all. The only way for bitcoin to be full hacked is that the people who hacks it studies cryptocurrencies more than a years if they understands the codes of it the possibility will be higher but then no one will try it since it takes time.


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November 26, 2017, 04:15:05 AM
 #8

No, bitcoin cant be hacked. There are many ways a group of users can attack the chain, and the protocol and technology have been coded in order to be resistant to all kinds of attacks and hacks. The only way to get another person's bitcoin is by hacking the user somehow, the blockchain is untouchable.

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November 26, 2017, 04:17:29 AM
 #9

Bitcoin never hack by hacker but your bitcoin wallet can be hacked if someone know your wallet privet key or wallet password then your bitcoin wallet will be hacked.

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November 26, 2017, 04:20:56 AM
 #10

I have watched an interview about that, if the hackers can hack the bitcoin, a staff member of the cryptocurrency company said, that is likely to happen if someone is really eager to break the bitcoin. But he adds, "In the 9 years of bitcoin existance, no one has ever done anything to hack Bitcoin. That means that Bitcoin's security system is very strong."

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November 26, 2017, 04:44:41 AM
 #11

Well if you look around you will find plenty of articles talking about people who want to hack bitcoin.  Obviously people are also employing different tactics like using fishing attacks or other methods to deceive people to download bad programs. So always remember to follow proper safety procedures and dont download stuff or suspicious " updates " and maybe that will reduce the risks.

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November 26, 2017, 06:18:20 AM
 #12

Bitcoin can be hacked it is important to know but according to my knowledge these digital money can be hacked through expert of hacking because if we say that they hacked the big banks it is also possible for them to hack the digital money like bitcoin and other currencies which is using online. The good way to secure your money use privacy of yourself use your personal computer and internet connection for accessing your online accounts from this way you will secure yourself.

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November 26, 2017, 06:25:41 AM
 #13

in my opinion, every possibility could be but by looking at the security level of bitcoin for me it's hard bitcoin to hack, this is where it is necessary for us to be careful and keep our bitcoin account well and correctly, I think like that

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November 28, 2017, 10:30:44 AM
 #14

actually i want to know there is a possibility have to hack this supper e-money, because somebody hack it will be a huge effect for the economy.
pls give your valuable opinion. Sad Sad Sad Sad Sad Sad
I don’t think so bitcoin can be hacked by someone because bitcoin know very well about all his fork and it’s also fact that bitcoin is now use to with these kind of things in past history of bitcoin it faced a lot of challenges and bitcoin know very well how to fight with them o no need to worry about any think bitcoin is now very stable in market and it now how to handle the situation so we need to focus on our trade and business here.

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November 28, 2017, 10:33:43 AM
 #15

in my opinion bitcoin security policy is much more better than any other alt coins.so in it is very hard to break the system of bitcoin .so dont worry about bitcoin and it is safe and securéd.

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November 28, 2017, 10:34:22 AM
 #16

ofcourse yes so be carefull of your privatekeys to avoid hack your bitcoin you to take care your wallet account and do not put your all bitcoin in one wallet i suggest use multiful wallet to secured your bitcoin.

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November 28, 2017, 10:38:45 AM
 #17

actually i want to know there is a possibility have to hack this supper e-money, because somebody hack it will be a huge effect for the economy.
pls give your valuable opinion. Sad Sad Sad Sad Sad Sad

All things can be hacked as long as it is created by man,  Other than the 51% hack, the way to hack bitcoin it to hack the math which underlies the currency.

SHA256 is a special type of mathematical function which is really easy to solve in one direction but is very hard to solve in reverse. At least the only known way to solve SHA256 is reverse is very hard.  So hard in fact that our best implementation is to just randomly guess until we get the answer.

If you could hack the math and find an easier solution, then you could hack Bitcoin without the need for more computing power.  Since your algorithm might be 99.99% more efficient than the brute force method, you'd only need a tiny fraction of computing power to overwhelm the network.


It's believed that quantum computers might have the ability to crack these types of one-way functions way more efficiently than the brute force method.

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November 28, 2017, 10:41:19 AM
 #18

It's very hard to hack bitcoin as it is very secured currency on internet right now.

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November 28, 2017, 10:45:39 AM
 #19

It is nearly impossible to do such. But with huge amount of time and resources, security could be breached.

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November 28, 2017, 10:49:12 AM
 #20

According to me hacking of bitcoin is almost impossible....and the amount the hacker wud spend to hack bitcoins wud be much more than the actual price of btc....
Bitcoin is one of the most secured cryptocurrency atm...so hacking not possible Smiley
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