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<p>[QUOTE="Prime Mover, post: 2754557, member: 38783"]I don't like speaking in absolutes, but I firmly believe Bitcoin itself as a whole will never be "hacked" and taken over by some rogue person or group, nor will any of the other mature, mainstream crypto-coins. There are too many failsafes within the designs to be able to mitigate any issues that may arise.</p><p><br /></p><p>People's computers have been compromised, thus losing their wallets and contents, but on a singular instance scale.</p><p><br /></p><p>Servers from some of the exchanges have also been compromised, losing the wallets and contents of customers, and forcing some of them to fail and dissolve into the ether. Again, isolated incidents which had no overall ripple effect.</p><p><br /></p><p>But if you understand the concepts of how it is built, how it functions, and how it self-regulates, you will also come to the same conclusion about its resiliency to survive any attempt at a traditional "hack".</p><p><br /></p><p>There are certain scenarios where an attempt to hijack it could be made (the 51% attack theory, which in and of itself is technically provable). There have been attempts in the past, and there could be attempts again. But going back to the failsafes, there are easy ways to thwart and recover from any such situations with little to no harm being done.[/QUOTE]</p><p><br /></p>
[QUOTE="Prime Mover, post: 2754557, member: 38783"]I don't like speaking in absolutes, but I firmly believe Bitcoin itself as a whole will never be "hacked" and taken over by some rogue person or group, nor will any of the other mature, mainstream crypto-coins. There are too many failsafes within the designs to be able to mitigate any issues that may arise. People's computers have been compromised, thus losing their wallets and contents, but on a singular instance scale. Servers from some of the exchanges have also been compromised, losing the wallets and contents of customers, and forcing some of them to fail and dissolve into the ether. Again, isolated incidents which had no overall ripple effect. But if you understand the concepts of how it is built, how it functions, and how it self-regulates, you will also come to the same conclusion about its resiliency to survive any attempt at a traditional "hack". There are certain scenarios where an attempt to hijack it could be made (the 51% attack theory, which in and of itself is technically provable). There have been attempts in the past, and there could be attempts again. But going back to the failsafes, there are easy ways to thwart and recover from any such situations with little to no harm being done.[/QUOTE]
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