I Took the City bus about 3 days ago and found an iphone4 on one of the seats

Just out of Being Bored i was trying to guess the password. Pressing random numbers, then out of nowhere the phone said "iphone disabled". The phone seems pretty cool, but is it basically useless now? It disabled cause i failed to enter the corect password for about like 6 tries. Now i know people hack these things but is it really possible to hack this one?

Added (1). i figured turning the phone in would be the proper idea but i had it for a while and no one has came to pick it up and how do i know who's it is if i can't even get in it because it says disabled

Being passcode disabled the only way that you're going to get back into that phone is if you run recovery mode. But I bet the prior individual that you stole the phone from has a Apple ID and you are going to need that password but if you don't have it's going be a brick. It was something new that Apple put in with iOS 7 to prevent people from using phones that they stole, such as the one you have that you stole.

Bro,
just go to a local shop and pay him 40$-50$ and he will unlock it for you.

but return the cell phone to the police or go to the apple gallery.
since buying an iphone is really costly out of america.
lets think that the person who's cell is lost has imp. Contacts in it and if he could not get his cell then his CAREER would be drowned bcoz of someone didn't return it to him/her.
:-)