that would be my guess but i honestly am not sure how much people making brute forcing private keys. but it's not hard. just start at 0 and work your way up to 2^256 because all bitcoin private keys fall in that range so there's no guessing. you just iterate through them and check the balance. how hard could that be? doesn't matter if they have 2fa on their wallet or not.
It is very hard. Do you know how much 2^256 is? It's quite hard for normal people to visualized, but just estimate the time it takes to hash and compare the address for any possible matches.
A very abstract math: 2^256/2,000,000,000,000,000 ( (assumption) of no. of address with balance) = 5.78 x 10^61 (1)
(1) / 10^20 (approx no. of hashes in the network currently -> Cannot be approximated to be the same, the ASICs for mining cannot be used for generating addresses) =5.70 x 10^40 seconds needed to find a single address that is used (2)
(2) / (3.154 x 10^7) = 1.835 x 10^33 years.
Math might be off by a bit but you get the idea.
i get that. i don't want it to even be a possibility. not even a theoretical possibility. because the theoretical possibility existing shows that the whole setup was poorly designed. just my opinion.
you could say what about the $5 wrench attack? isn't that a theoretical possibility and isn't that a problem? yes it is but some things you have control over and some you can't and just have to react to. there's alot of things you can't control but the things you can that's the ones you have to work on.
If you cannot fully appreciate the (magnitude of) probability of the events that we've covered so far, then I'm sorry none of the cryptos are for you. Cryptography operates by the basis of probability and the improbability of the event is what makes it secure.
$5 wrench attack is very practical. Finding a properly generated Bitcoin address by bruteforcing isn't.
Actually I already did. It's in another posting I made a couple days ago. I'm sure you would be highly against it so if you want to flame away on that thread go for it but I'm just saying what features I want to have.
Bitcoin security is probably "just good enough" I would think. Not great but just good enough.
I really don't blindly come on the forum and flame others. I'm not qualified enough for that. If none of the cryptographers has ever criticized Bitcoin so far, then any assertions about the insecurities is probably just pure paranoia. Trust me, if we haven't thought of people attempting bruteforcing addresses or any small weaknesses within MuSig, we would've shot it down in 2009 and 2018 respectively.