Quote from: errornone on July 26, 2015, 09:52:39 PM

Eventually, the blockchain will be hacked.
I know it is decentralized and the hacker needed to have control over 51% of the network to 'hack' it! BUT, like any other hack, maybe there is a way we don't know about YET! Everything is 'hackable' from the moment it is online!

What do you think about this?

the same thing is true about getting hit by a meteor

Quote from: biggus dickus on July 26, 2015, 11:03:46 PM

Quote from: anderson00673 on July 26, 2015, 10:36:41 PM

Here is my take on it. If I hack the blockchain, and do something nefarious (double spends, steal coins, or whatever), then the security flaw will be noticed pretty quickly. So what happens? I think that bitcoins quickly become worthless. So there is no point to hack it, because there is no financial incentive. This is why I think hackers are more likely to focus on hacking exchanges or individual's wallets in stead of trying to hack the blockchain itself.

There was a bug in the early days that someone exploited to generate ridiculous amounts of Bitcoins. It was fixed very quickly and Bitcoin's still here. If a similar bug is found and exploited in the future it will do more damage because more people rely on Bitcoin today, but I expect it will be fixed very quickly and Bitcoin will survive it.

what bug are you talking about?
the only problem that i can recall was because of SPV mining which didn't generate any bitcoin out of standard for anybody!