Topic: Is There Any Chance? - page 2. (Read 2360 times)
You are more likely to catch a fish that swallowed a USB drive with an unencrypted BTC wallet on, than come up with a valid method of cracking private keys.
It is impossible to find a lost key, you won't be able to recover it ever, so they are lost forever.
Its impossible to find a lost key belonging to another individual. But if people lost it in a computer crash or backup, then they might be recoverable.
It is impossible to find a lost key, you won't be able to recover it ever, so they are lost forever.
Unless that account holds significant amount of bitcoin like probably few hundred thousands, i believe technologically people can still find a way to recover the private key. Whether they invest in super hardware or by other means, it will just take considerably long time to do that. But first the question is.... is the reward worth all the trouble???
Is there any chance to find those lost BTCs' private keys? Lots of early BTC adopters lost their private key and thousands of BTC is now useless...
I think it will be useless. The amount of coins lost because of this could be upto a million, but hard to say or predict. Maybe, after 10 years an app will come out, to show what amount of coins have not moved in the last 10 years.
If there were, I'd be a multi-million dollar man right now.
/thread.
/thread.
actually no,because bitcoin value would drop to zero
Is there any chance to find those lost BTCs' private keys? Lots of early BTC adopters lost their private key and thousands of BTC is now useless...
Jup, 1 in 2160 multiplied by the number of private keys that have spendable coins on them. In order words: dont even bother.
How exactly does the "private keys" work? If you guess the correct key do you have access to the wallet, given there is no encryption?
If you guess the correct key you have access to the funds there. Since there are 296 private keys for each address it does not even have to be that same exact private key. Encryption does not matter in this case. Its like guessing a password. The private keys are only encrypted so your wallet file is harder to temper with.
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Sure. Just like if you can guess where pirates buried treasure a few centureis ago, and dig there,
you would have access to the booty. So, yeah... "good luck" with that one.
Sure. Just like if you can guess where pirates buried treasure a few centureis ago, and dig there,
you would have access to the booty. So, yeah... "good luck" with that one.
Chances to find a lost chest a pirate burried are higher than finding a private key that has coins.
How exactly does the "private keys" work? If you guess the correct key do you have access to the wallet, given there is no encryption?
Sure. Just like if you can guess where pirates buried treasure a few centureis ago, and dig there,
you would have access to the booty. So, yeah... "good luck" with that one.
Yeah I was imagining something like that, it would be fun to find someone else's lost 500 Bitcoin like finding old treasure
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How exactly does the "private keys" work? If you guess the correct key do you have access to the wallet, given there is no encryption?
Sure. Just like if you can guess where pirates buried treasure a few centureis ago, and dig there,
you would have access to the booty. So, yeah... "good luck" with that one.
Is there any chance to find those lost BTCs' private keys? Lots of early BTC adopters lost their private key and thousands of BTC is now useless...
Nope. It's not possible. If that was possible hackers would find any key and steal BTC from any one.
If there were, I'd be a multi-million dollar man right now.
/thread.
/thread.
How exactly does the "private keys" work? If you guess the correct key do you have access to the wallet, given there is no encryption?
Having unencrypted access to the private keys means you can move or spend the funds on the public ledger. Essentially, those that control the private keys own the money associated to those keys.
How exactly does the "private keys" work? If you guess the correct key do you have access to the wallet, given there is no encryption?
Is there any chance to find those lost BTCs' private keys? Lots of early BTC adopters lost their private key and thousands of BTC is now useless...
Depends upon what you mean by lost. If you mean they forgot about a device or wallet or find a Casascius coin in their couch than sure, otherwise never and those lost coins represents a deflationary "donation" to the community.
Is there any chance to find those lost BTCs' private keys? Lots of early BTC adopters lost their private key and thousands of BTC is now useless...
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