I don't think it will ever be possible because there was a saying that not your keys, not your coin. Whatever it is you need that private key to recover your bitcoins.
Attempting to find lost private keys with clues may be speeded up by some such technology, but I don't think bitcoin can ever be recovered with a clueless or lost private key. And if it was possible then bitcoin would have no value or this powerful block chain system would be useless. Since Bitcoin, the blocks of the blockchain system work much like a chain, if one of them breaks, the entire system becomes weak. And if this is the case, we will have to face the question about the security of bitcoin. So I think it will never be possible.
Topic: Do you guys think that there will be a new technology to recover lost of Bitcoin - page 2. (Read 415 times)
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March 08, 2023, 02:28:57 PM
March 08, 2023, 02:26:59 PM
A lot of people posting that they successfully recover their funds for along time but how about those who have lost their Bitcoin? Is it possible in the future that there will be a technology that is specialized in recovering lost in just a matter of minutes or an hour? But on the other side Bitcoin holder are in trouble too as their funds might also be vulnerable and be compromise.
Please more answer to do this please.
No one can say what is gonna happening in the future, Because if you see there is nothing that man cannot do, the impossible becomes possible through ages or time. So from this point of view I have to keep some possibility, but if it is in the case of bitcoin or block chain system then I think blockchain will not have much value in the future. Please more answer to do this please.
Also, for example, if you look at a lock that we use, if the key is not found, there is no other way but to break the lock and that broken lock is never usable again, I am thinking of the same consequences.
March 08, 2023, 02:10:40 PM
I do not think this kind of technology makes anyone safe from someone stealing their coin without their knowledge. The things we wish for should sometimes be taken with caution. My trust is in the system's ability to prevent it and stop it at its earliest stages.
March 08, 2023, 01:59:16 PM
So far there isn't, but we can't shoot in the gloom that's uncertain about the new technology of the future. But that shouldn't happen because they say, once you lose the keys to your bitcoin you will no longer have a way to move your bitcoin permanently.
But I'm not ruling out that in the future there may be tremendous technological improvements that someone can recover their bitcoin as long as they have certain things to prove it's theirs.
But I'm not ruling out that in the future there may be tremendous technological improvements that someone can recover their bitcoin as long as they have certain things to prove it's theirs.
March 08, 2023, 01:48:35 PM
A lot of people posting that they successfully recover their funds for along time but how about those who have lost their Bitcoin? Is it possible in the future that there will be a technology that is specialized in recovering lost in just a matter of minutes or an hour? But on the other side Bitcoin holder are in trouble too as their funds might also be vulnerable and be compromise.
Please more answer to do this please.
Not sure what you mean that there are people successfully recover their funds, because we all know that once you lost your Bitcoin it's hard to recover. At least you found your lost private key or mnemonic phrase then you can get it back. But let's say there is one key phrase, it might be very hard even with a help of those supposedly individuals or companies and it could be scam after all. So just be careful though. For those long term holders, maybe they protected their bitcoin and knows how to practice security hygiene and keep their private key safe. Please more answer to do this please.
March 08, 2023, 01:34:02 PM
A lot of people posting that they successfully recover their funds for along time but how about those who have lost their Bitcoin? Is it possible in the future that there will be a technology that is specialized in recovering lost in just a matter of minutes or an hour? But on the other side Bitcoin holder are in trouble too as their funds might also be vulnerable and be compromise.
Please more answer to do this please.
It is not possible to recover lost bitcoin even any decentralised crypto. If you have heard any such news then you have heard wrong or someone has lured you to hack your wallet. So you don't login your wallet anywhere. Then your wallet may be hacked. be careful with that. Because I know that lost bitcoins can never be recovered. Please more answer to do this please.
March 08, 2023, 01:27:00 PM
A lot of people posting that they successfully recover their funds for along time but how about those who have lost their Bitcoin? Is it possible in the future that there will be a technology that is specialized in recovering lost in just a matter of minutes or an hour? But on the other side Bitcoin holder are in trouble too as their funds might also be vulnerable and be compromise.
Please more answer to do this please.
Please more answer to do this please.
Perhaps. There is already something like that for Ethereum, after all. I do not know if you heard about the newest Update of ETH (ERC-4337) which will be able to supposedly alter how users interact with wallet services. There is also a “social recovery system” feature where designated users can restore access to a wallet even if you lost access to it. Not sure how stable and how safe the system is yet, though. So lets wait and see how it plays out.
After a while, Bitcoin might find its own unique solution.
But I think the solution will be a wallet solution. Bitcoin itself is fine as it is.
March 08, 2023, 01:21:33 PM
A lot of people posting that they successfully recover their funds for along time but how about those who have lost their Bitcoin?
I don't understand, those who lost their bitcoins, are the ones who are recovering their funds, right? So, what's the point of this sentence? I don't understand.Is it possible in the future that there will be a technology that is specialized in recovering lost in just a matter of minutes or an hour?
There is a technology that is specialized in recovering of lost data. You can see a list of data recovery companies. If in recovery you mean a company that will recover your bitcoins by providing them your bitcoin address, then, no, such a thing doesn't happen and will never happen because it means one can hack the whole network.But on the other side Bitcoin holder are in trouble too as their funds might also be vulnerable and be compromise.
So, you got the point. If someone can recover address in hours by bruteforcing seed phrases, this means that bitcoin network is hacked, dead.Please more answer to do this please.
To do what? March 08, 2023, 01:21:20 PM
A lot of people posting that they successfully recover their funds for along time but how about those who have lost their Bitcoin?
People claiming to recover their coins does not mean much if you did not explain or include what problem in the first place they are encountered and the way of the recovery. It is too obscure and vague to be addressed if you only put that information.
Is it possible in the future that there will be a technology that is specialized in recovering lost in just a matter of minutes or an hour? But on the other side Bitcoin holder are in trouble too as their funds might also be vulnerable and be compromise.
What kind of "lost" that you mean? people losing their private keys? Are people losing some parts of the seed phrase? or what?
People losing their private key or all the seed phrases certainly will lose their coins, no doubt about that, and there is no way back or recovery mechanism. If there is a recovery mechanism, bitcoin itself won't sustain any longer. After all, how can we distunguish a lost coin? a coin that is certainly unused in some wallet or a coin that is claimed to be lost.
March 08, 2023, 12:50:41 PM
A lot of people posting that they successfully recover their funds for along time but how about those who have lost their Bitcoin? Is it possible in the future that there will be a technology that is specialized in recovering lost in just a matter of minutes or an hour? But on the other side Bitcoin holder are in trouble too as their funds might also be vulnerable and be compromise.
Please more answer to do this please.
It's possible if the bitcoins are on the Centralize Exchange, there are many ways for recovery and can be negotiated, but if the Centralize exchange refuses, chances are they are using the Bitcoin in your account wallet. But bitcoins that stand on a decentralized network where usually the owner is in full control of the wallet I don't think has any hope of getting your bitcoins back if you forget your seed phrase.Please more answer to do this please.
We don't know how crazy and how sophisticated the technology will be in the future, but in my mind it's absolutely impossible, even if it were possible the funds in dead wallets could be withdrawn.
March 08, 2023, 11:38:39 AM
A lot of people posting that they successfully recover their funds for along time but how about those who have lost their Bitcoin? Is it possible in the future that there will be a technology that is specialized in recovering lost in just a matter of minutes or an hour? But on the other side Bitcoin holder are in trouble too as their funds might also be vulnerable and be compromise.
Please more answer to do this please.
Even if there is such a technology in the future, it will be the beginning of the collapse of bitcoin, because once the technology is successfully created, isn't it very easy for them to steal other people's bitcoins without a seed key.Please more answer to do this please.
From my personal point of view, no matter how advanced technology will develop in the future, but we will not see a technology that can recover lost bitcoins as easy as you said, last year we heard about super quantum computer technology rumored to be able to break the bitcoin algorithm by easy and many people think that super quantum computers can be a threat to the security of bitcoin, but in fact until now this technology has not been successfully developed.
March 08, 2023, 11:08:58 AM
No one knows what future brings, but that seems unlikely to me because if you can easily recover your lost bitcoin without seed/private key, what would stop you from stealing someone else's bitcoin?
True, the future is unknown, but I think that technologies in this direction will develop for sure. If bitcoin rises in price very much, then there will be a large demand for restoring access to lost wallets. In fact, such a need still exists, but when the difference between the effort expended and the cost of btc is pronounced, then there will certainly be people interested in this. They will create new technologies. It is here that the danger will lurk: whether these technologies will harm the entire bitcoin system and whether there will be a problem with thefts BTC from other people's wallets. 
March 08, 2023, 10:42:09 AM
A lot of people posting that they successfully recover their funds for along time but how about those who have lost their Bitcoin?
For starters, People that manage to recover their coins either use passwords that could be brute forced or have a few words to complete a mnemonic and find the missing piece... otherwise not everyone gets lucky and if you have no private key to a wallet these coins will be lost forever unless the key is found/used.Is it possible in the future that there will be a technology that is specialized in recovering lost in just a matter of minutes or an hour?
Brute forcing is one such technology but success rates are still low, but either way I don't see such a technology which will be used to crack open people's wallets at will as this could make crypto unattractive to many and hope this doesn't happen.But on the other side Bitcoin holder are in trouble too as their funds might also be vulnerable and be compromise.
Please more answer to do this please.
If someone will be considering holding coins for a long time,proper backup solutions need to be used so as not to be locked out or be in trouble as you have put it . Please more answer to do this please.
March 08, 2023, 10:22:28 AM
A lot of people post that they successfully recover their funds for a long time but how about those who have lost their Bitcoin? Is it possible in the future that there will be a technology that is specialized in recovering lost in just a matter of minutes or an hour?
I don't think it's possible. I mean, without a seed phrase or private key, it's not possible to recover lost Bitcoins. If anyone claims they can do it, it's a scam. If anyone claims they truly recovered their lost fund and get access to their old wallet, either they did it with seed phrases/Private keys, Or, it's just a scam. Do not believe such services.
As Rikafip already said, If it's possible to recover Bitcoins (access to a wallet) without seed phrases/private keys, people will start stealing others' coins. If it's possible, then why people would use Bitcoin for security?
March 08, 2023, 10:20:53 AM
Is there a technology to recover a gold coin that you dropped in the market square, and didn't realise it for a month. You might find it if you go back to the market, but the chances are virtually nil. It's much the same with Bitcoin, so make sure you use a secure wallet or storage mechanism, and you safeguard the details.
March 08, 2023, 10:19:33 AM
Like as a feature added to Bitcoin? No, because that wouldn't be a feature that would be a weakness. If there is a way to recover lost bitcoin then there is a way to steal people's bitcoin.
From what I understand though quantum computing will one day be able to "recover" aka steal any bitcoin still sitting in the original pay-to-pubkey address type which is about 2 million bitcoin include Satoshi's, though I'm sure at least a little bit of that isn't lost and will get moved before this quantum threat appears.
From what I understand though quantum computing will one day be able to "recover" aka steal any bitcoin still sitting in the original pay-to-pubkey address type which is about 2 million bitcoin include Satoshi's, though I'm sure at least a little bit of that isn't lost and will get moved before this quantum threat appears.
March 08, 2023, 10:00:38 AM
Technology moves forward unstoppably and we can only guess what will be possible in 20 or even 50 years, and I'm sure that a lot will change in the future. The computers and smartphones we use today will probably be so outdated that they will be exhibited in museums, and all these changes will certainly have a certain impact on Bitcoin as well.
I'm not an expert in cryptography and I can fully understand what some people are trying to do, but the article is interesting and even contains several links from our forum. Thanks @vroom for sharing.
I'm not an expert in cryptography and I can fully understand what some people are trying to do, but the article is interesting and even contains several links from our forum. Thanks @vroom for sharing.
Quote from: https://research.kudelskisecurity.com/2023/03/06/polynonce-a-tale-of-a-novel-ecdsa-attack-and-bitcoin-tears/
In this blog post, we tell a tale of how we discovered a novel attack against ECDSA and how we applied it to datasets we found in the wild, including the Bitcoin and Ethereum networks. Although we didn’t recover Satoshi’s private key (we’d be throwing a party instead of writing this blog post), we could see evidence that someone had previously attacked vulnerable wallets with a different exploit and drained them. We cover our journey, findings, and the rabbit holes we explored. We also provide an academic paper with the details of the attack and open-source code implementing it, so people building software and products using ECDSA can ensure they do not have this vulnerability in their systems.
March 08, 2023, 09:46:34 AM
A lot of people posting that they successfully recover their funds for along time but how about those who have lost their Bitcoin? Is it possible in the future that there will be a technology that is specialized in recovering lost in just a matter of minutes or an hour? But on the other side Bitcoin holder are in trouble too as their funds might also be vulnerable and be compromise.
Please more answer to do this please.
Please more answer to do this please.
There's no way someone will loss funds in bitcoin wallets when your private key is intact. But in a case where you misplaced or lost your key, that apparently become the fault of the holders. I don't think bitcoin would focus on any issues of recovering technology system because the system is already built with private keys to make safety of your funds. And any holder that will be vulnerable or being comprise maybe due to ignorance or greediness to make a lot of money on a scam sites or fraudulent links.
So long your private key is safe, your funds are safe too. The key is individuals private key not even your partner should have access to it.
March 08, 2023, 09:36:54 AM
It should be a technology which have insane speed to find missing words, if such kind thing happen in the future, I think every of our social medias will easily get hacked since it's more easier to find someone password rather than find missing words. It's not about Bitcoin, but we will have a big problem regarding our digital life. I don't think there's a good security which higher than cryptography.
March 08, 2023, 09:28:54 AM
A lot of people posting that they successfully recover their funds for along time but how about those who have lost their Bitcoin?
Only possible if they have hint to help the brute-force progress. Without any hint, it is impossible to do that successfully and brute-force private key or mnemonic seed is impossible if you have to start it from 0 with all seed words, all characters.Quote
Is it possible in the future that there will be a technology that is specialized in recovering lost in just a matter of minutes or an hour?
If that happen, all bitcoin will have zero value because such technology will help to not only recover lost bitcoin wallets but also can brute-force all bitcoin wallets. What you own even with private key, mnemonic seed will be no longer belong to you.The saying "Not your keys, not your coins" will no longer be true!
Imagine about that super hard mission with this example from The frequency of a vanity pattern (1KidsCharity) and average search time on a desktop PC in Mastering Bitcoin.
Quote
Length Pattern Frequency Average search time
1 1K 1 in 58 keys < 1 milliseconds
2 1Ki 1 in 3,364 50 milliseconds
3 1Kid 1 in 195,000 < 2 seconds
....
11 1KidsCharity 1 in 23 quintillion 2.5 million years
1 1K 1 in 58 keys < 1 milliseconds
2 1Ki 1 in 3,364 50 milliseconds
3 1Kid 1 in 195,000 < 2 seconds
....
11 1KidsCharity 1 in 23 quintillion 2.5 million years
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