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Once hailed as unhackable, blockchains are now getting hacked

 
Anonymous Coward
User ID: 72644616
United States
02/21/2019 04:02 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
Hacked by AI. Blockchain was a human interface meant to be unbreakable, designed by humans to be hacked by AI.
Shawski

User ID: 76994111
United States
02/21/2019 04:18 PM

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Re: Once hailed as unhackable, blockchains are now getting hacked
Hacked by AI. Blockchain was a human interface meant to be unbreakable, designed by humans to be hacked by AI.
 Quoting: Anonymous Coward 72644616
hesright
tell em find that yeti
Anonymous Coward
User ID: 46183094
United States
02/21/2019 04:42 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
cant hack a blockchain good god you people are stupid.
Anonymous Coward
User ID: 77390702
Australia
02/21/2019 04:56 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
what if somebody controls most of the computers that deal with the blockchain? wouldn't that mean that they can "hack it"?

aren't most of the computers dealing with "crypto currencies" running in china?

oopsie.
Nonentity

User ID: 77013656
United States
02/21/2019 05:00 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


True but we're talking about an encrypted block.

Anyone who figured out how to decrypt without the key will be either a billionaire or dead in hours time.
Anonymous Coward
User ID: 74788550
United States
02/21/2019 05:20 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
shitcoin is dead
Anonymous Coward
User ID: 75230924
United States
02/21/2019 05:30 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
LOL.
"Hacked."

My fuckin ass 2 billion got hacked. The crypto currencies themselves arent getting hacked (minus Ethereum Classic) it's the normal internet websites, such as scam sites and exchanges that are getting hacked.

Flat out, do not leave a large sum of crypto on exchanges. Period. Ever. End of story. If you leave them on the exchange, you do not have control of the private key. It's essentially like leaving shit load of cash with someone who you dont really know, but consider a friend, whom you think will always keep your money safe for you.

"Not your keys, not your crypto."

And Ethereum Classic is a shitcoin. It's a left over fork from the orginal Ethereum chain, with next to no development on it. Been that way for years. That was asking to happen.
 Quoting: Anonymous Coward 76584659


Read up, dumb dumb.

[link to coincentral.com (secure)]
 Quoting: Anonymous Coward 72582948


Reading comprehension is not your strong suit....or, most likely, you’re just a headline reader.

From the article:
“As far as we know, this kind of attack has not occurred, and there are steps that can be taken to make coins immune to this behavior.”

“These attacks are theoretical so far and for the most part, may never be seen, as one of the fundamental design decisions made when developing a cryptocurrency system is how to prevent Sybil attacks.”

“Major networks like Bitcoin are constantly under attack from DDoS attempts, but design decisions made in the development of the Bitcoin network act to mitigate the risk of DDoS attempts. In the face of a successful DDoS attack, there is no threat of stolen funds or compromised security, simply a halting of network activity.”

“The attacks are expensive to pull off and are quickly corrected by the network’s own self-repairing features. While they could be real threats to the confidence in a cryptocurrency and result in a minimal loss of funds, they are relatively small potatoes.”
Bit-Con
User ID: 77390809
United Kingdom
02/21/2019 05:45 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
Who needs to hack people when Bitcoin miners can charge $50 per transaction just like they did just over a year ago.

Face it the only real use for BTC is pipe dreams but so called investors and scams/blackmail.

The lightning network uses off block ledgers and the so called nodes are little more than private banks that loan you your own BitCoins so let not call it de-centralized because it is anything but.
Anonymous Coward
User ID: 70664605
Sweden
02/21/2019 05:51 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
Who needs to hack people when Bitcoin miners can charge $50 per transaction just like they did just over a year ago.

Face it the only real use for BTC is pipe dreams but so called investors and scams/blackmail.

The lightning network uses off block ledgers and the so called nodes are little more than private banks that loan you your own BitCoins so let not call it de-centralized because it is anything but.
 Quoting: Bit-Con 77390809


BTC is a store of value not a means of transaction.
How much would it cost you to send $20k worth of gold to the other side of the planet?
Buck Rogers

User ID: 76916295
United States
02/21/2019 06:37 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


End game is fedcoin
Spike
Anonymous Coward
User ID: 75819384
United States
02/21/2019 07:00 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
Pokemon chain. Got catchem all.
Anonymous Coward (OP)
User ID: 77256532
United States
02/21/2019 07:25 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
cant hack a blockchain good god you people are stupid.
 Quoting: Anonymous Coward 46183094


Tell the people at Technology Review.

Blocktard cruise
Anonymous Coward (OP)
User ID: 77256532
United States
02/22/2019 12:05 AM
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Re: Once hailed as unhackable, blockchains are now getting hacked
Bumpchain bump cruise
Anonymous Coward (OP)
User ID: 77256532
United States
02/22/2019 01:20 PM
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Re: Once hailed as unhackable, blockchains are now getting hacked
Blockheads cruise