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Author Topic: Is it true that bitcoin immune from hacking & fraud ??  (Read 7125 times)
sureshotcoin
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May 30, 2018, 06:59:37 PM
 #121

bitcoin wallets are immune to hack at any given point in time so we should nt hold the bitcoin in wallets for longer time
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May 30, 2018, 07:09:56 PM
 #122

Bitcoin network  hacking and Bitcoin hacked from exchanges are two different things. There are many incident that BTC was hacked from exchanges but no any as BTC network was hacked like once verge was hacked.
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May 30, 2018, 07:22:20 PM
 #123

Bitcoin network is highly transparent and secure only thing one should keep in mind is to store their bitcoins securely in a good hardware or paper wallets and to store the private key secure which can avoid hacking. Some people thing that online exchanges can act as wallets which when stored in the online exchanges the people might loose their bitcoins as the private key is shared in online exchanges so before investing or storing bitcoins in online exchanges store in Trezor wallets or USB wallets which avoids hacking and fraud.

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May 30, 2018, 07:46:08 PM
 #124

Yes, I can say that Bitcoin is really immune from hacking and fraud more than others. However, I think that it is not 100% safe. You need to be careful, regardless of anything and keep coins in the wallet.

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May 30, 2018, 08:03:10 PM
 #125

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..

Well, in terms of being immune I don't think so. There has been many news regarding e-wallets and other storage medium that have been subjected to hacking, the latest and most talked about one being that with myetherwallet, which is a popular wallet used by many people. Although most transactions are private and encrypted, there would always be those people who will go to great lengths just to get something, even at the demise of others.
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May 30, 2018, 09:30:59 PM
 #126

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..
The bitcoin network is very resistant to any type of attack that anyone can think against it, now the problem is that security does not translate to those that hold bitcoin, remember you are your own bank, when you deposit your money in a bank you are relying in their security but when you are holding your bitcoin you are the only security you have and some people do the equivalent of letting their wallet in the floor for anyone to pick it up.
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May 30, 2018, 09:47:41 PM
 #127

It is not immune from hacking and fraud. We are talking about professional hackers here, who can hack into any device from where they are and most especially when they are certain that they are getting something from their activity. Fraud is also imminent it can happen. All one has to do is to be careful and find out more before making any form of transaction with just anybody on line.

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May 30, 2018, 09:58:23 PM
 #128

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..

I believe that cryptocurrency is immune in hacking because the code is multi incripted and it was very hard to create a script or a code that will actually solve the algorithms in order to hack a wallet or exchanger.

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May 30, 2018, 10:17:27 PM
 #129

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..

I believe that cryptocurrency is immune in hacking because the code is multi incripted and it was very hard to create a script or a code that will actually solve the algorithms in order to hack a wallet or exchanger.
everything must be done with confidence, because we must know that all without our conviction will not be steady against our stance that we have to live for this.

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May 30, 2018, 10:24:10 PM
 #130

Maybe yes bitcoin is immune from hacking or fraud but did you think that all of that is because of bitcoin hackers is always want money and I think even there's no bitcoin they can hack any website there to steal the money of others. And even they hack a exchange i think it can't affect the market.

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May 30, 2018, 10:48:49 PM
 #131

Maybe yes bitcoin is immune from hacking or fraud but did you think that all of that is because of bitcoin hackers is always want money and I think even there's no bitcoin they can hack any website there to steal the money of others. And even they hack a exchange i think it can't affect the market.

Hackers can't attack blockchain itself because the system is too hard penetrate. Therefore, all the hackers targets the exchange platforms and user accounts on social media. Becausw some person store their keys on the internet which I believe is dangerous. Though hackers can't hack your wallet directly, they can use other methods so beware of these.

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May 30, 2018, 11:11:23 PM
 #132

Unfortunately, there are many cases that appears now that some people are typically doing hacking and frauding just for the sake of having a lots of coins which is so foolish things to do. Those people never meant how worst they will do to others. Just so hard to think that there are people like that without conscience to do that. However, hacker and frauder is in everywhere without our knowing so the best things that we can do is to be a much smarter and wiser. Be alert in everything surrounding to us and just think very well before we act or do some motion so we can avoid to having connections to those people.


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mig5000
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May 30, 2018, 11:14:22 PM
 #133

Bitcoin is NOT being hacked. exchanges are being hacked, and that is a very different thing, you are just confusing people in here.
Bitcoins are just like money, and money can be stolen and used for fraud too.
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May 30, 2018, 11:45:16 PM
 #134

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..

I believe, bitcoin is immune to hackers and fraud, and a hacker cannot possibly turn off all computers connected to other computers which running on bitcoin networks. Actually, that's not immune or unsafe is the exchange system or its human not its bitcoin.
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May 30, 2018, 11:46:21 PM
 #135

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..
Actually the problems happens from your wallet password etc as the system of it is the same as other accounts of you and when an account from your desktop is hackable then anything can be hacked. You have to make secure your PC from all of the malware and other virus and trojans. If you will get success in securing that then no one will be able to hack your wallets.
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May 31, 2018, 12:05:35 AM
 #136

All the more bitcoin has been widely know all over the world the more curious and interesting it to all scammer and hacker because they themselves wants the taste of it.. having real money in hand, having many profit without much a fuss that is something for them, they want to experience it too.
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May 31, 2018, 12:29:44 AM
 #137

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..

I think everything in the cryptoworld can be hacked, I believe there has been an incident in the past where their coins has been hacked and they weren’t able to retrieve it back, now there are still events of hacking every now and then, but the response of the developers of the online wallets or trading sites are just too quick and promt in making their counter measures.

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May 31, 2018, 12:56:59 AM
 #138

Hacking is an open question, but all sorts of lame phishing strategies would work with cryptos just like with anything else on the Internet.
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June 01, 2018, 11:50:27 AM
 #139

maybe it's not 100% immune from hacking and fraud because bitcoin is created by human and I think there will be any gap that has a hole to be a hack and it really needs high-skills in programming. maybe it's only a few people that could hacking bitcoin but I don't know about this and I only want to collect more bitcoin.

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June 06, 2018, 12:52:25 AM
 #140

Maybe yes bitcoin is immune from hacking or fraud but did you think that all of that is because of bitcoin hackers is always want money and I think even there's no bitcoin they can hack any website there to steal the money of others. And even they hack a exchange i think it can't affect the market.
Generally, everything which is connected with internet, is hard to be immune from hacking. But we have capability of being immune from hacking. You can put your coin in an online an office wallet to keep your coin away from being hack. Online wallet, however, is still stolen easily by hacker because as you know most of hackers is really professional, smart and especially have a high technique to steal a bitcoin wallet if they’ve kept their eyes on. Anyway, everything’s connected through internet brings us a big risk of being hacked, we’d better to be more careful.
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