Greeting fellow nerd. I only personally know one person that truly understands this and her take is that the blockchain used by bitcoin specifically is super secure and isn't hack-able in the sense that we usually use the word. She says bringing bitcoin down would require a widespread, probably worldwide, EMP type event that destroys devices. I don't think that would work simply because surely there are people who keep their wallets in Faraday bags or cages of some sort.
Being a programmer myself, I think that she's wrong even though she is truly brilliant and WAY smarter than me. I suspect that the mining process itself contains the vulnerability. It seems to me that it might be possible to pull-off a kind of "Man in the middle" attack at transfer/exchange. This is all way above my capabilities and understanding, but when you consider that nation state actors with unlimited resources are involved, I think it's prudent to be careful here.
Remember, some of these hackers can defeat a cyclical redundancy check. The math that I was taught says this is impossible without making the data unusable, but it has been done and I suspect all they needed was code running on both sides of the transmission so they could undo the manipulation on the other side. Like I said, this is all outside of my personal capabilities, but these people are MUCH smarter than I am.
My dad taught me to never gamble with anything that I can't afford to lose. For that reason, I'm gonna stick with silver and other tangible assets even though it means I may miss out on a once in a lifetime financial gain. However, I truly hope that you get rich beyond your wildest dreams fren. Fortune does indeed favor the bold.
I suspected someone here would have more knowledge on this than me. Thanks!
If you have the skills and want to use them for good, there is a group of volunteers that work together to stop scammers. They are called "Scammer Payback" and when the hackers join them, they are able to bring those call centers in India down.
Greeting fellow nerd. I only personally know one person that truly understands this and her take is that the blockchain used by bitcoin specifically is super secure and isn't hack-able in the sense that we usually use the word. She says bringing bitcoin down would require a widespread, probably worldwide, EMP type event that destroys devices. I don't think that would work simply because surely there are people who keep their wallets in Faraday bags or cages of some sort.
Being a programmer myself, I think that she's wrong even though she is truly brilliant and WAY smarter than me. I suspect that the mining process itself contains the vulnerability. It seems to me that it might be possible to pull-off a kind of "Man in the middle" attack at transfer/exchange. This is all way above my capabilities and understanding, but when you consider that nation state actors with unlimited resources are involved, I think it's prudent to be careful here.
Remember, some of these hackers can defeat a cyclical redundancy check. The math that I was taught says this is impossible without making the data unusable, but it has been done and I suspect all they needed was code running on both sides of the transmission so they could undo the manipulation on the other side. Like I said, this is all outside of my personal capabilities, but these people are MUCH smarter than I am.
My dad taught me to never gamble with anything that I can't afford to lose. For that reason, I'm gonna stick with silver and other tangible assets even though it means I may miss out on a once in a lifetime financial gain. However, I truly hope that you get rich beyond your wildest dreams fren. Fortune does indeed favor the bold.
51% attack wpuld work. Also sha256 is nsa designed, so buyer beware.
I suspected someone here would have more knowledge on this than me. Thanks!
If you have the skills and want to use them for good, there is a group of volunteers that work together to stop scammers. They are called "Scammer Payback" and when the hackers join them, they are able to bring those call centers in India down.
You can find Scammer Payback on youtube. https://www.youtube.com/@ScammerPayback/videos
She's an idiot. Was proven to be hackable 7+years ago.