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Author Topic: Bitcoin's strength is that nobody can crack it yet  (Read 1824 times)
@baracitamon
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July 27, 2018, 03:27:34 PM
 #141

Most likely, no one can create fake BTC coins, which is the strength that BTC money, fiat can not overcome this place.
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"The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime." -- Satoshi
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July 27, 2018, 03:30:29 PM
 #142

that's right bro. especially how to predict the bitcoin price movement. because until now I have never heard and see there are people who can predict price movement bitcoin gan .

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August 11, 2018, 01:09:15 PM
 #143

That is why we must make bitcoin independent from tracking

Your statement is really true.
Bitcoin can be appreciated because of its anonymity and is so secretive about its owner.

If Bitcoin is not a secret, maybe the story will be different in the future.
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August 13, 2018, 10:10:21 AM
 #144

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.
We cant determine that but lets just hope because I know that government really hates bitcoin that they will find a way to destroy it. We cant predict what will happen in the future.



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August 13, 2018, 10:16:04 AM
 #145

The government prohibits Bitcoin because it does not work, it can not enrich the country if we trade a large sum of money. However, Bitcoin will later prove its versatility and convenience, and The government will accept it. When they deal with tax issues, they have no reason to prohibit Bitcoin transactions.
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August 13, 2018, 10:29:55 AM
 #146

Internet and the constant update of blockchain is bitcoin's strong suit, it is clearly not governed by any world government and cannot be banned. It being cracked, it is largely not posible for now but nothing stays impossible for ever.
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August 13, 2018, 10:35:22 AM
 #147

I believe and agree that the strenght of bitcoin is so strong that nobody could even break it ,even the countries government can not easily demand what they want from bitcoin, that is why they are furious about bitcoin, even if they do not accept it, there still many people from their country are joining bitcoin in the internet.

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August 13, 2018, 10:36:02 AM
 #148

The only thing that's a little risky would be a 51% attack, not many could do that besides Bitmain but I don't think they'll be pissing in their own pot, so to say.
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August 13, 2018, 10:45:04 AM
 #149

In theory, quantum computers can crack the BTC algorithm.
But quantum computers take a lot of time to crack, and quantum computers are very rare, and most people can't use quantum computers!
In fact, the BTC real trade method is cracked!
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August 13, 2018, 10:50:11 AM
 #150

Yes because in cryptocurrencies bitcoin was the king and for me no one can beat by other coin or token,but in future i`m sure that there is some coin that can be near directly in bitcoin price but for sure too it takes more year to happen it.

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August 14, 2018, 06:06:00 AM
 #151

Yes, that's the biggest advantage of Bitcoin, which can keep it out of the control of any country or organization in the world. More decentralization and non-inflation are the basis for Bitcoin becoming stronger and stronger.
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August 14, 2018, 06:11:26 AM
 #152

When quantum computing becomes widely available governments will try their best to crack it but sadly for them it still won't break. Only phishing and other methods will get them into those wallets

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August 14, 2018, 06:46:25 AM
 #153

It is up to people’s reaction to cryptocurrencies. If people keep using bitcoin and altcoins, they will be stronger. Governments have to accept them then.

but for now as a country that has not legalized the bitcoin currency, we still need government currency to convert the crypto currency to local currency in order to make transactions
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August 18, 2018, 09:16:09 AM
 #154

I think this is the main principle protection of bitcoin, on which its steadfastness rests
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September 28, 2018, 08:52:24 PM
 #155

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.

These people don't have to prohibit this straight to outlaw this. Let's say fiat cash created from promoting cryptocurrencies had been announced unlawful? Even though you experienced vast amounts of bitcoins, they'd end up being useless since you would not have the ability to money away lawfully.
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September 30, 2018, 08:40:29 AM
 #156

No country can fully control it, and it can recognize the free exchange of different currencies through Bitcoin. I do not think it's impossible to crack the bitcoin code. Bitcoin is as powerful as technology but it has grown so large that at this time, Bitcoin is the only thing that can destroy itself.
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September 30, 2018, 07:33:38 PM
 #157

Bitcoin will getting stronger as long as more people are engage on it . Government may still hate it but we cannot deny the fact that it is hard for them to defeat bitcoin. Maybe they do something just to stop it. Because of the evolution of technology bitcoin is recognize by many even there are many negative issues still it adopt by those who truly believe on it.
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September 30, 2018, 09:02:16 PM
 #158

Bans of cryptos is just stupid, governments are shooting themselves in leg by doing that.
But the phrase " crack it "  in this context would not be appropriate because it suggest that blockchain as cryptographic chain could be cracked and this could be done only with quantum computing.

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October 04, 2018, 10:53:42 AM
 #159

The most common disadvantage of Bitcoin is its user error. I think cryptography is like a business because we are involved in a number of digital currency transactions around the world so we still need to pay for the government even if we can not say anything. In cryptography, especially how to predict bitcoin motion.
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October 04, 2018, 11:38:30 AM
 #160

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.
Honestly, i think the power of bitcoin is located on the fact that it doesn't needany validation nor nobody can give a pressure to it. And i think its a great because from bitcoin we can achieve and experiencing a system that totally effective and free without the third parties.


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