Too much hacking

[bigkahuna]

Is Bitcoin really this safe with all this hacking going on?

I really need to know before I throw a ton of money towards it.

[1714661452]

1714661452

[1714661452]

1714661452

[1714661452]

1714661452

[1714661452]

1714661452

[hexafraction]

Bitcoin as a concept and as a system is secure in that any sort of "hack" would require directly breaking strong cryptography (which has not been ever observed with the current algorithms used). However, if you blindly trust insecure implementations of software, and don't use common sense and vigilance, you are likely to be hacked through breaking of a weaker bad implementation.

[flipstyle]

Is Bitcoin really this safe with all this hacking going on?

I really need to know before I throw a ton of money towards it.

You have very little to worry about if you hold and keep the bitcoins on your harddrive and on a backup drive.  Now when you choose to transfer your coins to an external source...that's when you're going to have to start worrying.

[Melbustus]

https://bitcoinarmory.com/
https://www.bitcointrezor.com/

[seriouscoin]

Is Bitcoin really this safe with all this hacking going on?

I really need to know before I throw a ton of money towards it.

If you have a ton of money, you have a bigger problem. I want to know how you move "a ton" of money.... an Uhaul truck?

You can answer your own question by researching. Dont expect anyone to give you advice on how or where to throw your "ton of " money.

What a joke.

[CoinRocka]

https://bitcoinarmory.com/
https://www.bitcointrezor.com/

This.  Over and over again!!

[Meuh6879]

solution : cold storage
hack only work for ... trading.

[Possum577]

The most comforting part is that YOU have complete control over how much security you place around your money, be it stored in Bitcoins, stocks, gold, or cash under the proverbial mattress.

[pozmu]

Is Bitcoin really this safe with all this hacking going on?

I really need to know before I throw a ton of money towards it.

You have to answer some questions:

• Has your computer been ever hacked/ infected with virus/ trojan?
• If yes, have you been able to find source/ cause of hack/ infection and a way to prevent it occurring again in future?
  

If your computer was hacked/ infected and you don't know why/how this happened then you won't be able to protect your bitcoins and you shouldn't invest into them.

Generally speaking bitcoins are as safe as your computer is.

[seriouscoin]

Is Bitcoin really this safe with all this hacking going on?

I really need to know before I throw a ton of money towards it.

You have to answer some questions:

• Has your computer been ever hacked/ infected with virus/ trojan?
• If yes, have you been able to find source/ cause of hack/ infection and a way to prevent it occurring again in future?
  

If your computer was hacked/ infected and you don't know why/how this happened then you won't be able to protect your bitcoins and you shouldn't invest into them.

Generally speaking bitcoins are as safe as your computer is.

Shut up and read until you actually know the fck you're talking about

The first rule of security is : Always assume your system is compromised.
The solution is, what can a hacker get from your system? ..... thats right meaningless data.

Bitcoin isnt stored on any computers. Its on blockchain. What you have is private key to a wallet that control those bitcoins.

The beauty of hardware wallet or cold wallet solution like Armory is, you dont have to store your private key on an online computer/device. You can assume your online computer is compromised. What you do when you need to move your bitcoin is sign a tx offline and broadcast it on any computer (even infected computers)

[caga]

Is Bitcoin really this safe with all this hacking going on?

I really need to know before I throw a ton of money towards it.

Well, its just like real money, and you have to be careful about how to hide your own money.
Imagine, you entering with a bag of money in a new house, now you got to be extremely familiar with the house, to prevent a thief from stealing that money.

[cr1776]

Is Bitcoin really this safe with all this hacking going on?

I really need to know before I throw a ton of money towards it.

You have very little to worry about if you hold and keep the bitcoins on your harddrive and on a backup drive.  Now when you choose to transfer your coins to an external source...that's when you're going to have to start worrying.

For any substantial amount, do NOT keep them on a hard drive or backup drive. Use cold storage, also see the links above (Armory etc).

Computers are not safe. Period.  Windows in particular but Android, iOS, Mac OS X, Linus, OpenBSD, none are invulnerable and not something to rely upon.

Online wallets, exchanges etc are not good ideas either for substantial amounts.

[Q7]

The problem with hacking is that people leave vulnerabilities around for hackers to exploit. passwords kept in email or left in simple place, computers connected to network all the time with trial applications installed all the time, people leaving their money in online wallet which they don't have private keys to it and the list goes on and on. Bitcoin is safe and It is close to impossible to hack.. Period.

[BTCreward]

Is Bitcoin really this safe with all this hacking going on?

I really need to know before I throw a ton of money towards it.

You have to answer some questions:

• Has your computer been ever hacked/ infected with virus/ trojan?
• If yes, have you been able to find source/ cause of hack/ infection and a way to prevent it occurring again in future?
  

If your computer was hacked/ infected and you don't know why/how this happened then you won't be able to protect your bitcoins and you shouldn't invest into them.

Generally speaking bitcoins are as safe as your computer is.

Since the OP is claiming to be working with a "ton" of money it would actually probably be better if he were to keep the bitcoin on a computer that has never "touched" the internet, as in one that has a fresh operating system installed recently (after a wipe of the hard drive), has both wifi and Ethernet disabled and the only "foreign" item to ever come into contact with the computer is a USB drive that installs some piece of software used to generate private keys

[sandy47bt]

It's safe as long as you put your bitcoin is secure place
Use wallet like Armory / Bitcoin Core, hardware wallet is even better

But, never put a lot of bitcoin in cloud wallet / exchange wallet

[50ouncebrew]

Use a online wallet dont DL on your pc.

[DannyHamilton]

http://www.fbi.gov/stats-services/publications/bank-crime-statistics-2011/bank-crime-statistics-2011

Year: 2011
Bank robberies: 5,014
Total value stolen: $38,343,501.96

Are banks really safe with all these robberies going on?

I really need to know before I throw a ton of money in a bank.


http://en.wikipedia.org/wiki/Securities_fraud

The Securities Investor Protection Corporation (SIPC) reports that the Federal Trade Commission, FBI, and state securities regulators estimate that investment fraud in the United States ranges from $10–$40 billion annually.

Is securities investment really safe with all this fraud going on?

I really need to know before I start investing for my retirement.


http://www.fbi.gov/about-us/cjis/ucr/crime-in-the-u.s/2010/crime-in-the-u.s.-2010/property-crime/burglarymain

In 2010, there were an estimated 2,159,878 burglaries
- snip -
Victims of burglary offenses suffered an estimated $4.6 billion in lost property

Is home ownership really safe with all these burglaries going on?

I really need to know before I get a home.


In case you haven't figured it out yet, the world is a dangerous place, and criminals exist.  You need to take the proper precautions to reduce your risk.

If you "throw a ton of money towards" bitcoin and you store your bitcoins in an insecure way, you will lose them.

If you take the time to understand how to properly protect your investment, then you may find that the risk is reduced to a tolerable level.

[redsn0w]

Use a online wallet dont DL on your pc.

Nope , a cold storage is better then any other option. I suggest you to use greenAddress , or electrum ... There are a lot of "how-to" here in the forum.

[Bitware]

Is Bitcoin really this safe with all this hacking going on?

I really need to know before I throw a ton of money towards it.

It's not Bitcoin being hacked. Its third party providers and individuals with poor security practices being hacked.

Bitcoin is secure.

[WillyBTC]

OP is a good indication that the infrastructure is so young...and of why price got so far so fast, and may have to continue its journey back to earth. Businesses are fly-by-night, exchanges get hacked, wallets get hacked.....we need to cut down on this before hitting the mainstream.