Do you believe BTC can be attacked?

[junmisakiro]

Yes it can be attacked, bitcoin isn't the perfect machine to not become invulnerable to such attacks, but saying that, even if bitcoin can be attacked, there's developers that's rigorously making improvements in the network.

In addition to developers, bitcoin also has miners where the miners are tasked with completing mathematical calculations to verify the contents of the block, this is one of the security of bitcoin, so it will be difficult for hackers to carry out attacks on the blockchain and bitcoin system.

[hatshepsut93]

There is no way for bitcoin to get hacked, as the code is not vulnerable so our investment is safe because hackers won't find a way to hack this project, you will only lose your money based on how you store your bitcoin and not the system itself because it is the safest and secured project compared to others. Don't worry about bitcoin, worry about those shitcoins because they are always vulnerable to hacking.

Bitcoin is not invulnerable to hacking, like with any software there are bugs that could lead to dangerous exploits. But Bitcoin is being developed by hundreds of very bright people, and the code is very carefully reviewed so the chance of there being a bug that would lead to practical attacks is very very low, but it does exist.

[FrancesF]

When you think btc is insecure, you don’t need to know too much about whether there are loopholes in smart contracts, because people all over the world are buying btc, which is enough to prove that smart contracts are not vulnerable to attacks, and all currencies are It makes sense to regard Bitcoin as the king of cryptocurrencies!

[A BLackPearl]

I believe that there are countless hackers in attacking Bitcoin, they are looking for a vulnerability of Biitcoin untiring. We haven't heard any news that hackers have successfully attacked Bitcoin. I believe in the perfect system and system of Bitcoin. Bitcoin's technology is great and will continue to innovate. I will always believe in Bitcoin.

[zanezane]

I believe that there are countless hackers in attacking Bitcoin, they are looking for a vulnerability of Biitcoin untiring. We haven't heard any news that hackers have successfully attacked Bitcoin. I believe in the perfect system and system of Bitcoin. Bitcoin's technology is great and will continue to innovate. I will always believe in Bitcoin.

There's attempts back in the day and none of them have succeeded and some of those people that attempted to break the code said that it's unbreakable to break. Plus, what's the point of breaking bitcoin anyway? What would they get from doing so?

[amishmanish]

Let's not forget attacks from other cryptocurrencies.
I remember in 2017 when BCH forked from Bitcoin,  it was literally an attack.

Yeah, that was the insider attack coming from Roger Ver with some Chinese mining pools and funny thing is that later he joined forces even with Faketoshi Craig Wright and that clown Calvin Ayer, that was really pathetic.

There is always a risk of new forks happening in Bitcoin but that is not always a bad thing, some people just think they can do something better and in open source space that is always a possibility.

Other possible attack that would come from inside would be with some malicious developers adding bad code in Bitcoin, but that would be cross examined and probably rejected by many other developers.

Rsk of a code based attack or a hack of the Bitcoin network seems a far off possibility now with so many different teams involved and core devs having a lot of upside in terms of funding and incentives. The kind of attacks that people like faketoshi, Ver or Calvin can do, generally find takers during a bear market or during long sideways movements.

In the bullrun, everyone is too busy flipping NFTs and tokens to care about their shenanigans. Everyone knows what Bitcoin is. In terms of social attack vector, i think now that Bitcoin has withstood an onslaught of negativity from the likes of Elon Musk, there is hardly anything that can shake its position as the de-facto reserve currency of the Web 3 economy. The only uncertainty that remains to play out is SEC and other forms of US legislation

[Marvell1]

I just remembered the poly network heist, one of the biggest heist in the history.

Is there also a possibility BTC can be hacked?
If it is, I bet every currency will start to declined.
How safety BTC security for you?

Want to know veterans answers.  

In bitcoin's 12 years of existence, there has never been an attack on bitcoin. We have heard many times bitcoins are hacked and stolen but all of them are from exchanges. All of these attacks are not vulnerabilities of the bitcoin network and are vulnerabilities of exchanges. Attacks that rocked the crypto market include:
1. Mt.Gox
Hacked date: June 19, 2011 and 2014
Hacked amount: 2609 BTC, next batch is 750,000 BTC
2. BitFloor
Hacked date: September 2012
Hacked Amount: 24,000 BTC
The hacker obtained the key to access the exchange's Bitcoin wallet. This key is not encrypted, it is stored online as a backup for the offline hard "key". And BitFloor closed in 2013
3. Bitstamp
Hacked date: 4/1/2015
Hacked Amount: 19,000 BTC
4. Bitfinex
Hacked date: August 2016
Hacked Amount: 120,000 BTC
This is the second largest BTC hack after Mt.Gox, the number 120,000 BTC. The cause of the hack was that the hacker successfully exploited a security flaw in the multi-key authentication e-wallet mechanism used by Bitfinex.
And many more hacks going on on crypto exchanges, so you should be very careful and learn how to protect your assets to the maximum.

[imstillthebest]

there are people that claims that btc is old and can be hacked but i dont believe on them  .
they can only be bitcoin haters and if that was true then why we still have a btc and its only getting stronger .

Is there also a possibility BTC can be hacked?
If it is, I bet every currency will start to declined.

they may decline because alts always follows btc move but the real cause for their decline is that people will panic and sell .
they will think that if a strong coin like btc can get hacked , why not the altcoins  ?

[Abiky]

I just remembered the poly network heist, one of the biggest heist in the history.

Is there also a possibility BTC can be hacked?
If it is, I bet every currency will start to declined.
How safety BTC security for you?

Want to know veterans answers. 

Technically speaking, Bitcoin can be attacked. But it's difficult to do so right now, since there's a large number of miners backing it every step of the way. It would take a ton of money for an attacker to disrupt the whole Blockchain network. Paying millions (if not billions) of dollars just to make a 51% attack on the blockchain is simply not worth it. Hackers can still attack wallets themselves in order to steal users' private keys. It's up to you to take the necessary security precautions to avoid becoming victim of hacks or theft.

To say the least, Bitcoin is as secure as "Fort Knox". No one will be able to steal your Bitcoin if you do the right thing. It's sound money that's often better than Fiat. Day or night, Bitcoin will always be there thanks to its decentralized and censorship-resistant design. The larger the network's hashrate, the more secure it'll be against 51% attacks. I shouldn't worry about Bitcoin getting attacked in our lifetimes. Just my opinion

[isabellel2]

I just remembered the poly network heist, one of the biggest heist in the history.

Is there also a possibility BTC can be hacked?
If it is, I bet every currency will start to declined.
How safety BTC security for you?

Want to know veterans answers.  

It can be hacked, bitcoin is not a perfect machine not to become invulnerable to such attacks. But there is so much speculation about attackers that so far hasn't really happened. out. The attack can be done in manipulating bitcoin and making regulations about it but when we talk technically no attack can be found. Currently, bitcoin is still one of the coins with high security and especially it is decentralized, so it is very difficult to attack.

[Natalim]

I just remembered the poly network heist, one of the biggest heist in the history.

Is there also a possibility BTC can be hacked?
If it is, I bet every currency will start to declined.
How safety BTC security for you?

Want to know veterans answers. 

It can be hacked, bitcoin is not a perfect machine not to become invulnerable to such attacks. But there is so much speculation about attackers that so far hasn't really happened. out. The attack can be done in manipulating bitcoin and making regulations about it but when we talk technically no attack can be found. Currently, bitcoin is still one of the coins with high security and especially it is decentralized, so it is very difficult to attack.

A lot of scammers  have plan to attack bitcoin but they have never succeeded because the security is very tight knowing its decentralized. Even the government also want to attack bitcoin but it will never be possible for sure. Maybe with our individual accounts, the attack are much more possible especially if the owners are not responsible with the security of their accounts. But if we know how to handle them with safety and security, then scammers will never see any chances to attack them.

[blockman]

That's why PoW is best for bitcoin because it has been securing the network until now and it will continuously secure. There has been a lot of suggestions about bitcoin changing it to PoS but there's a major network security concern and that's why it is good as is.
Those altcoins networks can be hacked and they cannot be the same as bitcoin's security. That's why you get to see always the news about hacking in altcoin's networks like Poly and there's a 51% attack in the past from Bitcoin gold and others because they're not that really secure.

[A BLackPearl]

I believe that Bitcoin is under attack all the time. Bitcoin is not that easy to attack. Some hackers have been looking for vulnerabilities in Bitcoin. However, it has not been heard that Bitcoin's vulnerabilities have been discovered, because technicians have been constantly updating the system. Give everyone a safe environment.

[Sayeds56]

I just remembered the poly network heist, one of the biggest heist in the history.

Is there also a possibility BTC can be hacked?
If it is, I bet every currency will start to declined.
How safety BTC security for you?

Want to know veterans answers.  

I have no knowledge of any hacking incident happened during the past years on Bitcoin network. I think it is next to impossible that Bitcoin network can be hacked its security is unique and hacks are very unlikely to happen on its network. This is mainly because of the technology that underpins it – the blockchain. The blockchain records and indexes Bitcoin transactions, creating a searchable database of all of them in the process. Think of it like a normal ledger.

https://www.bing.com/search?q=is+it+possible+to+hack+bitcoin&form=ANNTH1&refig=127817b166ef42bdb6004aef883cd98e

[FinneysTrueVision]

Poly Network wasn't a blockchain, it was a DeFi platform, so it is not really comparable to Bitcoin. This was more like The DAO getting hacked. Bitcoin can't be hacked because it is not the code itself that decides what Bitcoin is, it is consensus. You can have bugs in Bitcoin Core software but when this happens they are fixed and everyone agrees on what will get validated.

[Kong Hey Pakboy]

I believe that Bitcoin is under attack all the time. Bitcoin is not that easy to attack. Some hackers have been looking for vulnerabilities in Bitcoin. However, it has not been heard that Bitcoin's vulnerabilities have been discovered, because technicians have been constantly updating the system. Give everyone a safe environment.

That's a bit over the top if you ask me, I don't think that everyone tries their luck in breaking bitcoin, other people from the past have tried their hands on breaking bitcoin but they weren't able to do it because they know what they're up against.

[davis196]

Let's not forget attacks from other cryptocurrencies.
I remember in 2017 when BCH forked from Bitcoin,  it was literally an attack.

They used bitcoin name and also said that bch was the "real" bitcoin, the Satoshi vision and all those lies and misinformation.

Bitcoin price dropped a lot in that period, and they altered able to push bch to 0.5 btc. Thankfully bch is now an irrelevant shitcoin that no one cares about.

The Bitcoin price "dropped a lot" in 2017?Are you kidding me?2017 was extremely bullish for Bitcoin.The BTC price went from 1-2K in January to 17-20K USD in December 2017.Is this a price drop?
The BCH fork was an attack,but it wasn't a hack.
Actually I think that the BCH hardfork pumped the Bitcoin Core price a little bit,because many traders and investors bought BTC,because they wanted to claim free BCH and sell them for some easy profits.
Anyway,comparing Bitcoin Core to this Poly network altcoin is ridiculous.
Bitcoin cannot be hacked and even if if was hacked,the BTC price will drop to zero,which makes the hack pointless,because the hackers will spend a lot of resources and efforts and get nothing in return.

[fiulpro]

I just remembered the poly network heist, one of the biggest heist in the history.

Is there also a possibility BTC can be hacked?
If it is, I bet every currency will start to declined.
How safety BTC security for you?

Want to know veterans answers.  

Bitcoins by itself cannot be attacked if we are using it safely and correctly. When we are talking about quantum computers it's a whole different thing, that can definately create probelms but for the time being the reason,I do not take quantum computers as a threat is because the government websites are more vulnerable than bitcoins, therefore at the end of the day, these websites would be the one to go if the quantum era comes, therefore I do think these computers would be monitored closely.

Other than that there is something like personal errors that one makes every once in a while in context to their bitcoins and their own wallets, downloading something that is not really safe, going on suspicious websites, using the same address again and again, not securing your wallet etc.

Also the hash rate might be forcibly controlled for example:- China, the government tried to but did not succeed.

These personal errors makes it way more easier to attack and to hack bitcoins, which honestly is something that can mess the whole system up in a matter of seconds, therefore I do believe that it can be attacked for sure. But it's dependent on your personal errors for the time being and it's not an issue with the bitcoin network..( for the time being )

[Abiky]

That's why PoW is best for bitcoin because it has been securing the network until now and it will continuously secure. There has been a lot of suggestions about bitcoin changing it to PoS but there's a major network security concern and that's why it is good as is.
Those altcoins networks can be hacked and they cannot be the same as bitcoin's security. That's why you get to see always the news about hacking in altcoin's networks like Poly and there's a 51% attack in the past from Bitcoin gold and others because they're not that really secure.

Undeniably, PoW is the best consensus algorithm towards achieving decentralization and censorship-resistance. Other consensus algorithms may be energy efficient, but they're missing the most important thing to keep the blockchain as resilient from attacks as possible (which is security/reliability). It's no wonder why other altcoins are easily "attacked" by malicious actors in cyberspace. The same cannot be said about Bitcoin, since the cost to perform such an attack would be too high. Hacking Bitcoin is like trying to hack "Fort Knox". I hope Bitcoin stays this way so that people can enjoy financial freedom without disruptions. Just my opinion

[cryptocurrencyboss]

Theoretically there is no way to hack BTC due to the use of blockchain technology. But the recent hacks of different cryptocurrencies should be taken into consideration. If BTC is hacked someday, thousands of people may suicide.