Topic: Chinese team released software to mine Satoshi's coin - page 2. (Read 6377 times)

So, the purpose of this software is to hack Satoshi's wallet?
How if in that wallet, there is just 10 or maybe 1 BTC inside? Think about it!

That's a funny video. 
I think he posted it for piss taking. As in to say, they know your shit better than you 
Apart from that, Chinese students don't go abroad in order to study - they already know most of that shit.
They go abroad to work for decent salary. Being a student in a foreign country grants them a student's Visa which in turn allows them to work.

I am actually surprised that a bright, intelligent american such as yourself didn't know that.

LoL if you think those socalled " education" matters.

Ever been to grad school? Thats where education matters, notice the amount of Chinese students going abroad for that?

Since you're Chinese, you remind me of the old Chinese saying: a frog at the bottom of a well.

Wasn't there someone on the forums here who tried doing something like this? He was paying people to run a piece of software that would try to crack BTC addresses. I'll see if I can find that thread...

EDIT: Found it:

https://bitcointalksearch.org/topic/--929196

I wonder what would happen if it was discovered that addresses could be stolen in this manner? Probably some kind of emergency hard fork would have to be done before the damage has a chance to spread. There would need to be a rollback of any transactions too.


Or a weak RNG.


Japan went from literally nothing to being a major superpower not only once but twice during it's history. It's possible that China could do the same.


I don't think it's possible to deduce a private key from a public key. It does weaken the security since it strips away an additional layer of encryption but not to the point where an address could be compromised.


An altcoin that rewards those who submit shares to a decentralized effort to crack Satoshi's wallets? That doesn't sound all that different from what Primecoin/Riecoin/Curecoin/Gridcoin/Foldingcoin are doing so it might just be possible.

It would be completely pointless though for reasons that have already been mentioned many times in this thread.




If the software is available for public download then it should be easy to confirm whether or not it's a virus.

FYI,

Xiaoyun Wang; Hongbo Yu (2005). "How to Break MD5 and Other Hash Functions" (PDF). EUROCRYPT. ISBN 3-540-25910-4.

Why would I do such a thing?  The article is correct.  If you read the wikipedia article and concluded that the private/public key algorithm used for Bitcoin was based on SHA-256, then you did not understand the article.

The "busywork" that miners use as proof of work is SHA.  That has absolutely nothing to do with private/public key cryptography.  If you want to "mine Satoshi's coin", breaking SHA-256 will do you no good whatsoever.  For that, you must break elliptic curve cryptography.  Researchers have been working on that one for three decades. 

SHA is not encryption.  It is hashing. 

Even on that pages comments, in chinese, everyone just tears apart the post as a hoax and the software as a trojan or malware or other incentive driven fake. The first comment on the page is longer than the page article itself going into 8 reasons why its fake.  I can't believe some of you are even entertaining this discussion, if you didn't immediately realize what this was you need to restudy what bitcoin is and how it achieves what it does.

But would kill Bitcoin. It's literaly a rare precious flower ... when plucked, withered to bits. Worthless ... bits.

However a major exchange hack is possible by smuggling in some compromised altcoin wallet. There is a risk in storing coins at an exchange.

I have made bold on the first post I beg to differ 100% and ask what are you on about exactly? Do you even realize how broad of scale 'technology' is? If we talk about electronics then the number 1 is one of the smallest countries Japan, Lets talk car tech and physics then we need look no further than Germany. Let's talk military or computer science then you shouldn't be surprised to know the USA are far from behind because they are in fact ahead, an have been since they hijacked Germany’s best in operation paperclip after WW2 or Germany would hold all titles. To add China will not break satoshi wallets in 100 years of trying so good luck to them.   

It makes sense, I also think it's a virus, because normal people know the probability of hacking satoshi's addresses, sane people won't believe they are really hack, because they couldn't find the keys until the universe is destroyed.

I have stated the probability before, we need 10^70 years to crack the keys. LMAO. It's an impossible crack, if they can crack them, all exchanges' wallets are also dangerous, bitcoin system will be destroyed too, bitcoin won't be worth 1 usd if satoshi's addresses are hacked.

Butt-hurt much?
What's your problem?
That the Chinese study from junior school what you studied in College? (if you have reached that level of education that is).

Here: https://www.youtube.com/watch?v=d-HXB0DQWFE

Smile eh  


Did you buy that account by the way?
How much?

Wouldn't trust it it's probably a virus.

So did anybody examine this "hacking" software?
What is it?
Is it a virus?
Is it a trojan?

You may want to update the Wikipedia entry on bitcoin and SHA-256 then.

I'm guessing the elimination of war is WAY WAY ...,
more possible than randomally guessing a private key

An altcoin? How does that help in anything?

You should be equally surprised that an altcoin has not yet been released that eliminates war.  That is equally possible.

I'm surprised that an altcoin hasn't yet been released to do this very thing.
Still, even if the key was somehow found, I agree with others that this would amount to theft rather than once or twice in the lifetime of the universe luck.

Then it's a good thing that the private/public key algorithm used for Bitcoin has nothing whatsoever to do with SHA-256.  That could be because SHA-256 is not an encryption method, nor a digital signature method.  Bitcoin uses elliptic curve cryptography for the digital signatures.  It may be possible that this could eventually be weakened or even broken, but it is also possible (some would say likely) that it is not possible.

The "laws of the universe" are under constant revision.

While it is highly unlikely this particular project will have much success, it is highly likely that quantum computers will be able to break SHA-256 in the future. Don't ask me when. We'll probably have another global economic meltdown before then, so I'm not holding my breath.