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Author Topic: Is it true that bitcoin immune from hacking & fraud ??  (Read 8517 times)
Kurevazeyo
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December 10, 2018, 10:21:27 AM
 #221

of course it is. If you give someone your private key then it's your problem. Luggage pads in such a way that the password to pick up to them is unrealistic. The rest of this is already you need to be careful that someone does not upload your data for hacking
My opinion is different because bitcoin can be hacked and fraudulent. Indeed, most hacking because of our own carelessness can be the entrance to hackers in stealing bitcoins in our e-wallet. An example is the incoming email that guides us to tell the private key that is unwittingly the hacker's actions.
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December 10, 2018, 11:19:17 AM
 #222

of course it is. If you give someone your private key then it's your problem. Luggage pads in such a way that the password to pick up to them is unrealistic. The rest of this is already you need to be careful that someone does not upload your data for hacking
My opinion is different because bitcoin can be hacked and fraudulent. Indeed, most hacking because of our own carelessness can be the entrance to hackers in stealing bitcoins in our e-wallet. An example is the incoming email that guides us to tell the private key that is unwittingly the hacker's actions.
Bitcoin itself in my opinion is hard to hack, because it has to break many blocks, and what is usually hacked is a wallet that contains bitcoin. they take all our assets and disappear without getting rewarded. indeed it mostly happens because of our own carelessness, so keep concentrating while accessing our wallet

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December 10, 2018, 11:23:14 AM
 #223

Bitcoin is reliable. In future, there could be something which comes with changes on blockchain, but I think that banks are gonna suffer more than blockchain technology. Banks will have to move their jobs to blockchain in future.


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December 10, 2018, 03:51:51 PM
 #224

Bitcoin is reliable. In future, there could be something which comes with changes on blockchain, but I think that banks are gonna suffer more than blockchain technology. Banks will have to move their jobs to blockchain in future.

That's wishful thinking. It's as if you're saying that banks aren't adapting. Banks evolve along with time and possibly at par with crypto in the future. Who knows. But technology advancement also is accessible to hackers so i really don't think any of these is a hundred percent safe.

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December 10, 2018, 03:57:03 PM
 #225

of course it is. If you give someone your private key then it's your problem. Luggage pads in such a way that the password to pick up to them is unrealistic. The rest of this is already you need to be careful that someone does not upload your data for hacking
My opinion is different because bitcoin can be hacked and fraudulent. Indeed, most hacking because of our own carelessness can be the entrance to hackers in stealing bitcoins in our e-wallet. An example is the incoming email that guides us to tell the private key that is unwittingly the hacker's actions.

I think Bitcoin is quite difficult to hack, it is easier to hack an exchange than Btc

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April 01, 2019, 12:18:03 AM
 #226

for personal wallets, I think it's safe from hackers. transactions carried out are also safe from theft. so far the one who is still vulnerable is the exchanger that hackers can still break.
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April 01, 2019, 07:03:01 PM
 #227

for personal wallets, I think it's safe from hackers. transactions carried out are also safe from theft. so far the one who is still vulnerable is the exchanger that hackers can still break.
Yeah there are so many wallets which can be use to prevent lose and hacking, there are so many wallets that are unbreakable and unhackable because it has private key until you share your private with anyone, no one can hack your wallet, blockchain is the best wallet in this regard, to avoid fraud try to increase your knowledge and information.





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April 02, 2019, 02:43:30 PM
 #228

for personal wallets, I think it's safe from hackers. transactions carried out are also safe from theft. so far the one who is still vulnerable is the exchanger that hackers can still break.
Yeah there are so many wallets which can be use to prevent lose and hacking, there are so many wallets that are unbreakable and unhackable because it has private key until you share your private with anyone, no one can hack your wallet, blockchain is the best wallet in this regard, to avoid fraud try to increase your knowledge and information.
as long as we are wise in using it I think it will be safe, unless we are reckless, allowing hackers to enter your wallet. many ways they do to trap us, so be careful using your internet channel

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April 11, 2019, 09:13:00 AM
 #229

I do not believe that bitcoin is immune to hack .
Again,once one losses funds to hackers , the wallet address where the funds was transferred can be tracked but the funds cannot be recovered because there's no way of tracking the hacker.

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April 11, 2019, 12:46:14 PM
 #230

In the world of computers, nothing is always safe. Hackers may find their way into the system as they become more knowleadgeable about it. But don't worry, currently I haven't heard that much about hacking bitcoin exchanges. If there is any attempt, I am certain that all eyes are watchful. Anybody doing it can be caught red-handed easily. Fraud on the other hand is always happening anywhere and it is common on the internet. One time I almost believe that a certain page I came upon to visit, was offering a free cracking of bitcoin address where you can get atleast one or two bitcoin. It said it was free to try but later I learned that it was just another trick to make you pay an amount that will go to their account. An online chat is available where people would be seen saying thanks, thank you... etc as proof of its authenticity. Don't be carried away. Beware!

 

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April 11, 2019, 12:50:55 PM
 #231

for personal wallets, I think it's safe from hackers. transactions carried out are also safe from theft. so far the one who is still vulnerable is the exchanger that hackers can still break.
Yeah there are so many wallets which can be use to prevent lose and hacking, there are so many wallets that are unbreakable and unhackable because it has private key until you share your private with anyone, no one can hack your wallet, blockchain is the best wallet in this regard, to avoid fraud try to increase your knowledge and information.
As long you do own such private key of such wallet then its really not easy to be hacked as long those keys are still safe and kept from others awareness.
Risk of losing still exist though but chances will vary on how a certain user is sensible to keep those important informations.

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April 11, 2019, 01:08:18 PM
 #232

Consider the value of bitcoin,it has made exchanges prime targets for hacking, and thus has made hacks there quite lucrative..
I mean the anonymity and irrevocability associated with bitcoin transactions means that the money lost is also irrecoverable, CMIIW..
If it was hacked by someone very clever then we can do nothing about that but how about we are being tricked? What I mean is that it is not that far when we are going to tackle something like an inside job but who knows? These are just guesses but this could also be possible am I right? As long as poeple are careful about their funds and keep important information like private keys away from prying eyes I think everything will be fine.
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April 11, 2019, 09:21:09 PM
 #233

Consider the value of bitcoin,it has made exchanges prime targets for hacking, and thus has made hacks there quite lucrative..
I mean the anonymity and irrevocability associated with bitcoin transactions means that the money lost is also irrecoverable, CMIIW..
Bitcoin itself cannot be hacked and believe me hackers have tried everything that they could throw at it and they have failed, but they are really smart and they have found out that is way easier to hack the computer in which the bitcoins are stored than to try to hack bitcoin directly, this is a huge problem because as we know once you send your bitcoin out of your wallet there is no way to get them back so if hackers get access to your computer even for five minutes they will steal everything that you have.

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April 11, 2019, 09:52:01 PM
 #234

Bitcoin is the most safe and secured investment in all the time so if anyone trying to fraud you it will not easier to get your Bitcoin out from your wallet is not a simple thing so I think the power of production is more higher in Bitcoin more than anything you will definitely trust this.

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April 11, 2019, 10:22:05 PM
 #235

Bitcoin is the most safe and secured investment in all the time so if anyone trying to fraud you it will not easier to get your Bitcoin out from your wallet is not a simple thing so I think the power of production is more higher in Bitcoin more than anything you will definitely trust this.
I think you only see from one side, because anything in the online field must have the risk of hacking and fraud. It all depends on how we maintain our investment and how strong the security that we use to make it untouchable by hackers. Not everyone has the same skills, investments wherever there is nothing safe when they do not have skills about this. Even if you know, there is a lot of news if the exchange has been hacked etc., do you not realize how strong their security is. Those who have strong security can still be touched by hackers, so all have different risks and will not be completely safe.

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April 14, 2019, 10:38:27 PM
 #236

Bitcoin is the most safe and secured investment in all the time so if anyone trying to fraud you it will not easier to get your Bitcoin out from your wallet is not a simple thing so I think the power of production is more higher in Bitcoin more than anything you will definitely trust this.
I think you only see from one side, because anything in the online field must have the risk of hacking and fraud. It all depends on how we maintain our investment and how strong the security that we use to make it untouchable by hackers. Not everyone has the same skills, investments wherever there is nothing safe when they do not have skills about this. Even if you know, there is a lot of news if the exchange has been hacked etc., do you not realize how strong their security is. Those who have strong security can still be touched by hackers, so all have different risks and will not be completely safe.
Everything is possible in the online world. But we should accept that btc is more secure than the current valuable paper. Yes, btc can also be hacked, but for now it is a safer choice.


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andriarto
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April 15, 2019, 02:03:19 AM
 #237

Bitcoin is the most safe and secured investment in all the time so if anyone trying to fraud you it will not easier to get your Bitcoin out from your wallet is not a simple thing so I think the power of production is more higher in Bitcoin more than anything you will definitely trust this.
as long as we don't do things that can threaten the wallet, I think it will remain safe. a lot of their ways to grab the contents of the wallet. complacent is one of the most factors that can eliminate our assets

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April 15, 2019, 04:16:32 AM
 #238

Bitcoin is the most safe and secured investment in all the time

There is no such thing as safe or secure when it comes to invest thing because every investment that has money involved is said to have a risk . infact the risks in bitcoin and in crypto are more larger than compare to other invetments out there because bitcoin are verry volatile or unstable  . however more risk is equals to more reward ( as the popular saying said  )

Bitcoin itself is not hackable so yeah its immune but right after we buy and put the coin on a bitcoin wallet or to an exchange , that was the time that we are expose to cyber attacks  .
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April 16, 2019, 02:35:42 AM
 #239

Hacks can happen, but there is no hacker who can break the bitcoin code and get any bitcoin address private key, but hack and fraud can happen on anything if people download any software they see and not check before.

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April 21, 2019, 12:27:40 PM
 #240

I do not agree that bitcoin is immuned from hacking.
The security risk associated with the transaction history on the blockchain is becoming a leeway through which hackers get information on the amount that is contained in a wallet and then strike by hacking the wallet.

And yes , once funds is lost in the blockchain , there's no way of recovering it.

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