Topic: Liberating Bitcoins held hostage by Satoshi. (Read 678 times)
I love this image. Great tool when explaining bitcoins. Thanks for posting.
This is not about a weakness in SHA256,......
or Bitcoin.
Why hack a block for a mere 25btc every ten minutes.
This is not about a weakness in SHA256, but human error. Satoshi is, after all only a H4cker.
This is not about a weakness in SHA256, but human error. Satoshi is, after all only a H4cker.
I have no idea what you're saying
I recommend reading up more on Bitcoin and how it works. 
I dont believe satoshi has any bit coins
Maybe he does. You never know.
Why hack a block for a mere 25btc every ten minutes.
This is not about a weakness in SHA256, but human error. Satoshi is, after all only a H4cker.
This is not about a weakness in SHA256, but human error. Satoshi is, after all only a H4cker.
That's about 5 billion years.
Or about 500 million years longer than the Earth's been around
Shouldn't take too long to brute force the keys with several pooled ASICs.
Here's a rough ballpark example, assuming:Your several ASICs have a combined 500 GH/s
You'd have to make 2^96 possible guesses to get Satoshi's address
(2^96 hashes) / (500,000,000,000 hash/s) = 1.58456325×10^17 seconds
That's about 5 billion years.
Satoshi has invented Bitcoin and given it to the community, saying that he is holding it hostage isn't very fair.
Wow, that's a great image, 
. I read through it as well. The problem here is that these laws are still theories and can be broken. Will they? Probably not. But there is still a slight possibility.
. I read through it as well. The problem here is that these laws are still theories and can be broken. Will they? Probably not. But there is still a slight possibility.If we can assume technology is always improving, then eventually, at an indeterminate time in the future, Bitcoin's crypt will be broken (not by brute-forcing, but by a security flaw we've yet to discover.)
However, the great thing about Bitcoin is that it can easily switch to another form of encryption, which I presume will happen before SHA256 is broken. So even if SHA256 fails, Bitcoin can chug along with the next best encryption.
Wow, that's a great image,
. I read through it as well. The problem here is that these laws are still theories and can be broken. Will they? Probably not. But there is still a slight possibility. 
There is no bitcoin held in hostage. There is a bitcoin waiting to be mined and solved and given out with its 24 friends. But these bitcoins won't be done in only a few years, they will still keep coming till about 2100-2140, depending on how fast our hardware gets.
This does not make any sense - care to elaborate?
Shouldn't take too long to brute force the keys with several pooled ASICs.
Jump to: