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Author Topic: 3 Ways to Hack Bitcoin  (Read 642 times)
sujon5
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September 13, 2020, 06:08:49 AM
 #41

Actually there are even more ways to hack a Bitcoin wallet. Hackers can impersonate popular crypto companies, so users download a fake crypto wallet. Don't forget about Trojans. They can enter your computer and monitor your behavior, stealing anything that resembles a cryptocurrency private key. and the most common way is publishing fake advertisements.
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September 13, 2020, 09:33:39 AM
 #42

Here are three key pointers in moving your Bitcoin hack but there are still some ways for hackers. As science and technology become more and more modern day by day, the level of technology of hackers is increasing also. You can see that most of the hacking is due to their own mistakes. I think the biggest victims of hacking are those who are more greedy online. They want to take advantage of the tempting offers from a variety of online hackers and eventually lose everything.
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September 13, 2020, 03:46:30 PM
 #43

Scammers are constantly circulating online in various disguises. They are scattered around us in such a way that you will never realize that this person is a scammer. They deceive people by using different tactics at different times. In addition to the three ways you can talk about hacking Bitcoin, there are many other ways to hack Bitcoin. Some people's personal mistakes put them in danger. And if you don't have a personal mistake, then there is no hacker who can hack your wallet.
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September 13, 2020, 05:05:42 PM
 #44

According to your title and post, only point number 3 that can be called as a way to hack bitcoin.
Because, the first 2 points only can be happen if there’s mistakes on the user side. Not directly to the system or network.
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September 13, 2020, 10:13:31 PM
 #45

All this is your speculation. Of course, you can steal bitcoin from inexperienced users, but it is impossible to hack the network. Over the years, people have been buying bitcoins, with some holding millions of dollars in bitcoins. I assume that they don't keep their millions on stock exchanges. Those who value their money will definitely take care of safety!

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September 13, 2020, 11:16:20 PM
 #46

Let me summarize your post in 1 image:



lmfao I wish I saved my sMerit to give to you, this totally captured how I felt reading OP's '3 simple ways to hack bitcoin, crypto enthusiasts hate him!' garbage

As soon as I read "3 ways to hack bitcoin" I was like oh god.... Here we go...
I think those exchanges were hacked into not the actual wallets. They don't need the wallet private keys since they can send the crypto where ever they want to once they gain admin access.
I would not mind owning an exchange but I would be terrified about this sort of thing going on.
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September 13, 2020, 11:51:16 PM
 #47

That's way its always good practice to not store all your Crypto in one wallet or exchange because as many influencers and members said "Not your keys, not your crypto". We never know, how secure an exchange with their security nor hardware wallets, and even though its secured how are we sure that they're not going to freeze, steal or hand over it to the government if they confiscate it because of the local law there.

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September 14, 2020, 12:36:01 AM
 #48

In the world of crypto it is not new the 3 ways to hack crypto mentioned in the opening post, most of the people already know about it.
Therefore vigilance is very important, and also storing all of our coins on exchanges is also not a good thing to do. And for the exchanges
and wallets we use, don't forget to enable 2FA security. And most importantly choose exchanges and wallets which is trusted.

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September 14, 2020, 04:12:27 AM
 #49

In the world of crypto it is not new the 3 ways to hack crypto mentioned in the opening post, most of the people already know about it.
Dude you can actually disregard the last one since it is theoretically impossible Grin. C'mon! In order to pull off a 51% attack you need firt need to acquire very huge mining power up to extent that you can now compete with rest of miners in the world. Even though I do not give you the exact numbers you will still realize how small the probability.

Just keep your private keys safe, stop clicking random links and filling up various forms online so that you will become less prone from such incidents.
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September 14, 2020, 03:16:51 PM
 #50

The first two points you have mentioned are not directly hacking Bitcoin itself but the person or the user himself for having low security on his things and unknowingly being irresponsible that made the hacker do have access on his Bitcoins. The first point can somehow be manageable by keeping those secured and avoid entertaining pop-ups and strange emails. The second point is the storage itself that is being attacked and not Bitcoin directly once again. Also, hackers do not have concrete or just three certain ways of how they manage to hack accounts to obtain Bitcoin. Surely there are a lot more ways possible that those hackers are capable to do because ordinary hacking techniques are already known by the crowd which makes them think of various ways possible to make their goal achievable and those are not only limited into three way. You have just mentioned some of those which are the most common ways but for sure there are other ways possible which only the hackers know and still not discovered by us.

The first two points could be really manageable if you would make yourself knowledgeable and responsible to take good care of your accounts to lessen the possibility of getting hacked.

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September 14, 2020, 03:31:01 PM
 #51

There are currently three ways to steal Bitcoin. First, hackers infect crypto asset exchange servers with special malware via e-mail, websites and popads and infiltrate devices. This happened with the Binance hack last year.
Second, take apart the Bitcoin hardware wallet and get the seed phrase. This has been practiced by Kraken against Trezor.
Third, hacking into the Bitcoin blockchain network itself through “51 Percent Attack”. This third method is considered expensive, but has the potential to get the largest loot than the other two methods. This third method, according to observers, will cost up to US $ 21 million.

So many mistakes within one post...

First of all, these are not ways to hack bitcoin.
If we agree that this is what "hack" means then your title doesn't make sense:



Quote
Third, hacking into the Bitcoin blockchain network
Hacking into the bitcoin blockchain network? Neither this makes sense. It isn't a computer.
"51 Percent Attack" isn't hack. It is the pool with the most cpu power.

Quote
third method, according to observers, will cost up to US $ 21 million.
Multiply it with 100 and you are closer. Believe me if it costed **only** 21 million dollars, everyone would make a 51% attack.

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September 14, 2020, 04:22:27 PM
 #52

The 51% attack can be prevented with sufficient decentralization and rules. How can there be 51% attack  if there is no way to control 51% of network participants or PoW? Satoshi's one cpu one vote (with the principles of Bitcoin) would basically solve this if it was sustainable.
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September 14, 2020, 05:59:27 PM
 #53

According to your title and post, only point number 3 that can be called as a way to hack bitcoin.
Because, the first 2 points only can be happen if there’s mistakes on the user side. Not directly to the system or network.

No it is not!

It was explained a few times in this thread what a 51% attack is. This is not "hacking" it's rather exploiting a feature of Bitcoin.

This attack is possible only in theory because in reality you'd need to invest a lot of money before you'd be able to even attempt this and as time goes by it's going to be more and more money. At this point you'd need to rent out a whole nuclear power plant to have enough power to try it. 51% attack is a scary bedtime story for new investors.
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