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Once hailed as unhackable, blockchains are now getting hacked

 
Boaty

User ID: 75138722
United States
02/21/2019 01:49 PM

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Re: Once hailed as unhackable, blockchains are now getting hacked

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The great enemy of virtue is not evil, but sentimentalism.

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Anonymous Coward
User ID: 76912591
02/21/2019 01:52 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
Well everything else besides bitcoin is a shitcoin and as you can see there is a reason why.
Anonymous Coward
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02/21/2019 02:00 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
More and more security holes are appearing in cryptocurrency and smart contract platforms, and some are fundamental to the way they were built.

[link to www.technologyreview.com (secure)]


Blockchain cruise
 Quoting: Anonymous Coward 77256532
The fed will have their own block chain..adios Bitcoin xrp
Anonymous Coward
User ID: 75282507
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02/21/2019 02:01 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
ANYTHING, ANYTHING that is on a computer hard drive IS HACKABLE.
 Quoting: badkittie748


/\
Anonymous Coward
User ID: 77344644
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02/21/2019 02:06 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
This is just a feel good piece to reassure the naysayers they they’re not missing the boat. The tech knowledge is severely lacking in this thread.
Neenerner

User ID: 76953234
United States
02/21/2019 02:11 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
A "vulnerability" is not a hack. Writer is ignorant!

Block chain is a "cryptographic" data base. The vulnerability is created. Y what is on top of the blockchain.

To say blockchain is hacked is like saying my engine is bad because somebody broke the headlight.

FAIL!

Last Edited by Neenerner on 02/21/2019 02:12 PM
Neenerner
Anonymous Coward
User ID: 77384446
Sweden
02/21/2019 02:19 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
Where are all of the cryptotards?
 Quoting: Anonymous Coward 77256532



Curled up in a fetal position?

But...but... they said it was INVINCIBLE!!!
 Quoting: Roger Wilco


No, that was the noobs.

Those that know how stuff works, knew that all ETC was only living on grace.
It comes as no surprise and was totally expected.

So, problem is that OP has been listening to amateurs and thus thinks he knows anything.

If you guys want to understand look at this (the hash algorithm column)
[link to en.wikipedia.org (secure)]

Some of them use the same and there lies the danger.
Anyone that uses a hash function which is used by another larger chain are not safe.

This is no news.
keybored

User ID: 76935526
Belgium
02/21/2019 02:21 PM

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Re: Once hailed as unhackable, blockchains are now getting hacked
ANYTHING, ANYTHING that is on a computer hard drive IS HACKABLE.
 Quoting: badkittie748


this1

Last Edited by keybored on 02/21/2019 02:21 PM
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Anonymous Coward
User ID: 77384446
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02/21/2019 02:26 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
Where are all of the cryptotards?
 Quoting: Anonymous Coward 77256532



Curled up in a fetal position?

But...but... they said it was INVINCIBLE!!!
 Quoting: Roger Wilco


No, that was the noobs.

Those that know how stuff works, knew that all ETC was only living on grace.
It comes as no surprise and was totally expected.

So, problem is that OP has been listening to amateurs and thus thinks he knows anything.

If you guys want to understand look at this (the hash algorithm column)
[link to en.wikipedia.org (secure)]

Some of them use the same and there lies the danger.
Anyone that uses a hash function which is used by another larger chain are not safe.

This is no news.
 Quoting: Anonymous Coward 77384446


Thread is fail, because OP tries to mix the chains expected to be strong and the chains expected to fail at any point as the same thing.

No, there wasn't anyone that knew how stuff works that expected ETC to be unhackable.
Judethz

User ID: 75895360
United Kingdom
02/21/2019 02:27 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
spoofykitty Gee whoever would have thunk it!
Mr. Royal

User ID: 45644461
United States
02/21/2019 02:29 PM

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Re: Once hailed as unhackable, blockchains are now getting hacked
Tardchain cruise
 Quoting: Anonymous Coward 77256532


cruise
Anonymous Coward
User ID: 72997356
United States
02/21/2019 02:32 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
hugs
Anonymous Coward
User ID: 77395256
United States
02/21/2019 02:34 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
ANYTHING, ANYTHING that is on a computer hard drive IS HACKABLE.
 Quoting: badkittie748


Absofuckinglutely!
rosicrucian1

User ID: 77392165
Canada
02/21/2019 02:35 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
That is because you have the CIA/FBI/NSA and security agencies from dozens of other countries, that infiltrate projects like blochchain, to introduce weaknesses into the coding that can then be later exploited.

If anyone is actually starting an "unhackable" project, they need to screen out psychopaths, sociopaths and narcissists(who will create backdoors for their own lulz), and government agents, be they foreign or domestic.

One good way, is to sleep deprive the candidate, then get them good and drunk/intoxicated to the point they are sh!tfaced. Then ask them questions about their life, and stuff to probe for inconsistency's(to see if their cover is fake). Then, also ask what they think of backdoors, and so on, to get rid of jerk hackers trying to mess with your product for lulz.
 Quoting: Anonymous Coward 77390332


same people behind global human trafficking and drugs now found a new scam?
“the devil is a foe to the blood” Prof. Minor
Anonymous Coward
User ID: 75921239
United States
02/21/2019 02:36 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
It is just you who did not know details about blockchains.

If you are into a chain which use a hash-function that is the same as a much larger chain, it can be overtaken at any minute.

It is no news, and you are at fault here by mudding the waters.
No one has hacked a leading hash-function chain.
No one has ever claimed that a non-leading hash-function chain is safe.

You can't mix the two and pretend it is the same.
 Quoting: artMan


clappa
Anonymous Coward
User ID: 77395256
United States
02/21/2019 02:36 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
Cold storage wallet FTW.
Im Ruzzki

User ID: 76293410
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02/21/2019 02:40 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
An attacker could have exploited it to make unlimited counterfeit Zcash. Fortunately, no one seems to have actually done that.


Boolocks.....especialy zcash

And 99% of these types of "hacks" comes from people having acces to source code....

You have been warned....
You people speak so lightly of war; you don't know what you're talking about. Sherman
Anonymous Coward
User ID: 77069094
Norway
02/21/2019 02:40 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
Bitcoin was not hacked.

ETC was, 51% attacks are frequent, doesn't mean blockchains are "hacked"

but some people don't understand what a blockchain is, and fail to see how they can help the world

That being said, I do not understand those against Bitcoin and yet for banks who rake in billions in profit each quarter and make or break countries.

Enjoy your bankers paradise
 Quoting: Unclelunatic


LOL

They just learned about 51% xD

Bums..
Anonymous Coward
User ID: 77350777
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02/21/2019 02:50 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
An attacker could have exploited it to make unlimited counterfeit Zcash. Fortunately, no one seems to have actually done that.


Boolocks.....especialy zcash

And 99% of these types of "hacks" comes from people having acces to source code....

You have been warned....
 Quoting: Im Ruzzki


A.I. created crypts cannot be hacked by human minds ... they can however be hacked by other A.I. by design.

Humans are completely blind to the logic of The Singularity.
IT is playing them like a "PIano".

IT is a master of psychology.
xGREYx

User ID: 76334876
United States
02/21/2019 02:54 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
Fake news here. Should be taken down.
xGREYx
Fluffy Pancakes

User ID: 77376617
United States
02/21/2019 03:01 PM

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Re: Once hailed as unhackable, blockchains are now getting hacked
ANYTHING, ANYTHING that is on a computer hard drive IS HACKABLE.
 Quoting: badkittie748


Yep. That's just the nature of the Beast.
 Quoting: Fluffy Pancakes


It's probably true. What isn't true at all about this statement as it relates to blockchain is that in order to maliciously effect any blockchain network, one would need to simultaneously hack the hard drive of EVERY SINGLE node (computer) participating in the network. It's just not possible, sorry.
 Quoting: Anonymous Coward 77389260


Sorry, my bad. I just did a fly by and was thinking it was individual blocks hacked.
Things are bad enough, there is no need to make anything up.

"Never interrupt an enemy in the process of destroying himself."...Q
rosicrucian1

User ID: 77392165
Canada
02/21/2019 03:02 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
An attacker could have exploited it to make unlimited counterfeit Zcash. Fortunately, no one seems to have actually done that.


Boolocks.....especialy zcash

And 99% of these types of "hacks" comes from people having acces to source code....

You have been warned....
 Quoting: Im Ruzzki


yep my guess when I first hear this.. all insiders.
“the devil is a foe to the blood” Prof. Minor
Anonymous Coward
User ID: 75993659
Canada
02/21/2019 03:05 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
ANYTHING, ANYTHING that is on a computer hard drive IS HACKABLE.
 Quoting: badkittie748


Everything technological that is made by humans is hackable.

Thats why you never submit any personal or important data or files to a "cloud" server or service.

It's only a matter of time until it gets hacked.
Anonymous Coward
User ID: 60239816
Sweden
02/21/2019 03:22 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
:spoofy:kitty Gee whoever would have thunk it!
 Quoting: Judethz


How interesting. Why did you choose that image...
Anonymous Coward
User ID: 27894773
United States
02/21/2019 03:32 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
Sure hope they don't hack my Gold & Silver, turn it into aluminum or lead...
bijou

User ID: 76005103
United States
02/21/2019 03:39 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
please go back to the drawing board OP after you’ve read up on the concept of a distributed ledger
No, you can’t hack Bitcoins blockchain even with quantum technology
 Quoting: Anonymous Coward 70664605


Administration alerted in any deviation in the distributed double entry ledger.
Anonymous Coward
User ID: 77390702
Australia
02/21/2019 03:41 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
hodl?
Anonymous Coward (OP)
User ID: 77256532
United States
02/21/2019 03:43 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
please go back to the drawing board OP after you’ve read up on the concept of a distributed ledger
No, you can’t hack Bitcoins blockchain even with quantum technology
 Quoting: Anonymous Coward 70664605


All I did was post the article.
Anonymous Coward (OP)
User ID: 77256532
United States
02/21/2019 03:49 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
Where are all of the cryptotards?
 Quoting: Anonymous Coward 77256532



Curled up in a fetal position?

But...but... they said it was INVINCIBLE!!!
 Quoting: Roger Wilco


No, that was the noobs.

Those that know how stuff works, knew that all ETC was only living on grace.
It comes as no surprise and was totally expected.

So, problem is that OP has been listening to amateurs and thus thinks he knows anything.

If you guys want to understand look at this (the hash algorithm column)
[link to en.wikipedia.org (secure)]

Some of them use the same and there lies the danger.
Anyone that uses a hash function which is used by another larger chain are not safe.

This is no news.
 Quoting: Anonymous Coward 77384446


Thread is fail, because OP tries to mix the chains expected to be strong and the chains expected to fail at any point as the same thing.

No, there wasn't anyone that knew how stuff works that expected ETC to be unhackable.
 Quoting: Anonymous Coward 77384446

You fail, because all I did was post an article.
Anonymous Coward
User ID: 77363287
United States
02/21/2019 03:50 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
ANYTHING, ANYTHING that is on a computer hard drive IS HACKABLE.
 Quoting: badkittie748


cattheend

Yep. If you're a big enough target, someone will find a way in.

There are "elites" who don't use computers/smart phones/etc. because of this.