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Author Topic: Bitcoin's strength is that nobody can crack it yet  (Read 1824 times)
Mandalawangi
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July 23, 2018, 12:30:33 PM
 #121

Because they also can not destroy all the computers in the world in an instant because it can damage all existing networks. The only thing they can do is resist the prohibitions and regulations to propose their own solutions or they will try to adjust and gradually assume it exists in various ways. In some countries
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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silviyako
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July 23, 2018, 01:09:05 PM
 #122

I think they just have to ban the use of bitcoin in their country. And making horrifying punishments for those that do not follow and people will blindly follow the government.
Fire316
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July 23, 2018, 01:14:22 PM
 #123

  As long as the internet is alive bitcoin will also continue to live and help people to have a better living in the future. Bitcoin is the strongest digital coin in crypto world that after a lot of dumps and negative news about it,bitcoin always survived and rise.
nguyenhoven
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July 23, 2018, 01:15:13 PM
 #124

And it will remain so for a long time.
No government, no parties can effectively ban it and put their hand on it. They would have to ban internet first. Not likely.
That would be the end of free world we know.

No single entity can, that's true. Only if more users would put together to destroy it, then it might be possible. Either way, it's not likely and especially it's the best we have

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haanhictu
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July 23, 2018, 01:15:56 PM
 #125

Bitcoins are in a downturn and underdeveloped. Another time I did not know what to do
dirisu2018
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July 23, 2018, 01:29:32 PM
 #126

And who says Government have not tried to destroy bitcoin, they just do not have a choice than to embrace it and probably regulate it, there is no part of the world that people are not trading with bitcoin, infact more than a thousand persons embrace bitcoin daily while over 10,000 wants to learn how it works, time has passed for the world leaders to damage bitcoin... BITCOIN is the future
Frank Norwoodd
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July 26, 2018, 07:09:24 AM
 #127

I guess you are a frenzied investor. No matter how much you like it, you should look everything rationally. Yes, I agree that ban from government can't kill Bitcoin or prevent Bitcoin trom being traded, but the ban law can do much damage to Bitcoin. When ban from government was introduced, Bitcoin priced decreased. if they really want to kill Bitcoin, they can decide to block all website related to Bitcoin. Though that move can't still kill Bitcoin, it will not be a small shock to Bitcoin.
Scott Freemann
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July 26, 2018, 07:10:34 AM
 #128

Nothing is impossible. It is the most certain thing. If all the countries in the world decide to ban Bitcoin, it can still be traded underground but for bad purposes like crimes, not for first mission as a means of payment to facilitate commerce. Till then, Bitcoin would not as valuable as it is now. So though it's not the end of the world, gaining permission and legitimacy from governments is better than not.
Virginia Nevess
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July 26, 2018, 07:12:09 AM
 #129

I think investors' belief will be shaken by ban from government. Your investment will become worthless if Bitcoin is strictly banned from the country you live since you can't convert Bitcoin into cash.
You may think that Bitcoin will be traded underground but in my opinion, Bitcoin will be used by terrorists and crimes for illegal purposes like money laundering and weapon selling instead of good purposes. That will definitely not Bitcoin that we want because it would become tool for social evils.
changcloy
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July 26, 2018, 07:22:07 AM
 #130

Yes bitcoin is a powerful currency since many people support and believe in it lets just hope that our countries will not banned bitcoin so we can still freely used and convert it into our own money or the fiat.
solenn heussaff
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July 27, 2018, 01:48:07 PM
 #131

And it will remain so for a long time.
No government, no parties can effectively ban it and put their hand on it. They would have to ban internet first. Not likely.
That would be the end of free world we know.



Yeah even governments can't destroy bitcoin because bitcoin is strong. Bitcoin can still operate and stand even though there are many people who are against in bitcoin and want to destroy it but they fail. They spread fake news and only few people believe in that fake news.
enthusia
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July 27, 2018, 02:05:14 PM
 #132

  I concur with that. Bitcoin was made not for it to be easily wreck out. For how several years now, bitcoin was able to withstand and we can't really accept any premises beforehand.
Ahimoth
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July 27, 2018, 02:32:52 PM
 #133

  I concur with that. Bitcoin was made not for it to be easily wreck out. For how several years now, bitcoin was able to withstand and we can't really accept any premises beforehand.
That's a good thing to know for the newcomers and potential investors. As of now bitcoin is a developing system and it's getting stronger. With that said and done it's strength is that nobody can crack it yet as what the quote says. Bitcoin will be still in this way for years to come so better get involve with it to maximize the use of the system.
Traslavin
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July 27, 2018, 02:35:21 PM
 #134

  I concur with that. Bitcoin was made not for it to be easily wreck out. For how several years now, bitcoin was able to withstand and we can't really accept any premises beforehand.
That's a very good advantage of bitcoin which has convince me to get in touch with this system. Due to its decentralized system it makes it advantageous over the other system. As what the quote says I totally agree that nobody can crack it yet. We can experience this kind of system for years to come as bitcoin is still developing.

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Sexie
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July 27, 2018, 03:08:19 PM
 #135

And it will remain so for a long time.
No government, no parties can effectively ban it and put their hand on it. They would have to ban internet first. Not likely.
That would be the end of free world we know.


  
No one can easily crackdowns  Bitcoin. With all Its strength no one  still can control it  Even   the central bank can not  do it, but trying to study first  about Its features, either a commodity , a currency or  an asset. The government also trying to regulate  it , but  non yet,  no government  regulated Bitcoin yet. Once been regulated, it Will then be considered as currency. It Will gonna be centralized , controlled by the government.  HOWEver , If there Will be can cracked it down no other than but the  internet.

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DrGuns4Hands
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July 27, 2018, 03:11:24 PM
 #136

And it will remain so for a long time.
No government, no parties can effectively ban it and put their hand on it. They would have to ban internet first. Not likely.
That would be the end of free world we know.

It is true because the way to crack bitcoin is the way of making the process; the destruction of blockchain technology itself aside from the source of existence - Internet. In which, it would be impossible to happen since many organizations, institutions, government, and even the public need the connection of internet.

The strength of bitcoin in the society is very essential and it would greatly improve the overall status of the world in the future - by changing the face with an era of blockchain technology. The creation of bitcoin proves the existence of the future towards innovation and continuous improvement. The free trade not so long ago with the end of the dark age, the birth of industrial generation; the internet era and now the blockchain (in bitcoin`s representation and other cryptos) influence the society as it is in future. Thus, it is difficult to crack bitcoin`s system without knowing that it is the future of secured currency.
stimliall
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July 27, 2018, 03:19:24 PM
 #137

The advantage of BTC is that no organization or country can control BTC!
Bitcoin information and computers running calculations are provided by participants on the Internet. In this way, no country can fully control it, and it can realize the free exchange of various currencies through Bitcoin. More importantly, Bitcoin transactions only authenticate passwords and do not authenticate individuals, so its transactions can be left unregulated.
12tribes
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July 27, 2018, 03:24:32 PM
 #138

I do not think that it is not possible to crack the bitcoin code. What we should however know is that the chance of it being cracked can only come from a highly sophisticated and well organised system that would have billions of dollars to spend in the purchase of hardware and related components that is not and cannot be called ordinary.

maipham481514@gmail.com
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July 27, 2018, 03:25:30 PM
 #139

Bitcoin is strong as a technology but it has grown so big that at this point, Bitcoin is the only thing that could destroy itself. We don't have quantum computers at this point but whenever it will be there in the market
qwerty12
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July 27, 2018, 03:26:50 PM
 #140

Exactly! Bitcoin technology (protocol and cryptography) has a strong record of security records, and the Bitcoin network is likely to be the largest distributed tally project in the world. Bitcoin's most common disadvantage lies in its user error.
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