So yeah, good luck with cracking it "sometime in the future".
Topic: Our bitcoin private key will be in danger, sometime in the future - page 2. (Read 537 times)
When this subject comes up, and it does every few months, I like to simply point to this good old image that explains it all.
So yeah, good luck with cracking it "sometime in the future".
So yeah, good luck with cracking it "sometime in the future".
I think it's very difficult to guess the private key which is a complicated combination, so we don't need to worry about that.
Nope, blockchain itself is getting an upgrade and our keys will be safe as time goes by. Bitcoin was a wonderful technology and it must be developed for the sake of our future. Wallets have maximum security that will let our cryptocurrency safe and can't be accessed without the keys by anyone. Unless there are some tools that can decrypt the keys but its probability to be done is very low. Keys are a combination of letters and numbers so it's very impossible to be decrypted by a normal person.
Cracking a private key will take sooooooo much time before you actually land upon a wallet with actual bitcoin in it. You'd be dead of old age, and you'd still not be close to actually finding one.
That is, of course, if a powerful enough quantum computer does not appear, right? I believe it won't happen and humanity will hit some sort of a barrier like it did with space travel, but many believe that quantum computers can become a threat in the foreseeable future. While Bitcoin keys might be in danger by then, though, there will still be mechanisms of protecting the coins (I read that in case a person uses a new Bitcoin address every time, even a quantum computer will do no good with cracking the keys) as well as have an option of switching to already existing quantum-resistant cryptocurrencies.
Alright, first of all, private keys are not a combination of 256 numbers and letters, they're 256 bits (1's and 0's). A private key is a number in the range of 1 to n - 1 (where n is slightly less than 2^256), it can be represented by a 64 character hex string (each character is 4 bits, ranging from 0123456789ABCDEF). If you understood how large 2^256 was, you would know that the current private key size is perfectly sufficient for bitcoin today.
Any decent address generator will get this sequence of bits from a sufficiently random source of entropy, meaning your chances of guessing the exact same combination of bits is so improbable that we consider it to be impossible today.
https://en.bitcoin.it/wiki/Quantum_computing_and_Bitcoin
Any decent address generator will get this sequence of bits from a sufficiently random source of entropy, meaning your chances of guessing the exact same combination of bits is so improbable that we consider it to be impossible today.
https://en.bitcoin.it/wiki/Quantum_computing_and_Bitcoin
we make a hypothesis based on some time in the future. The Bitcoin account is one trillion. Assumption: 256 numbers or combinations of letters are 2 trillion (it can be calculated by mathematical formulas, here we make a hypothesis) Then: any modification of the letters in the private key, it will be the private key of an account .
It also applies to altcoins. But the number of Bitcoin accounts is the largest. It needs to make changes first.
It also applies to altcoins. But the number of Bitcoin accounts is the largest. It needs to make changes first.
Where that 2 trillion came from? As far as I know, the number of combinations you'd need to try is 2^256=1.1579209e+77, which is way much more than 2 trillion.
To me your assumption looks like the following. "Let's assume that the Federal Reserve Bank of New York is left without any security personnel, staff members are blind, other customers don't care, and all the vaults can be opened with a pin. Voila! We can rob the bank!"
I don't think that will be too easy to guess private keys because I am sure that it needs special skills to determine every symbol on the private keys.
The number of digits in the private key should also be a privacy.
As long as we can hide the private keys in the secret places, and only we that will know the place, I think we can guarantee the privacy, and we don't have to worry for being stolen by other people. 
None of know how strong future technology will be, there may be things that we can't even imagine right now. People would of thought cell phones were insanity 200 years ago. Bitcoin may not be as unbreakable as we our lead to believe.
We all know that Bitcoin's private key consists of 256 numbers or letters. However, with the adoption of bitcoin on a large scale. BTC accounts will be more and more. When the number of Bitcoin accounts is large enough, any 256 numbers and combinations of letters may be a private key. People can rely on guesswork to get bitcoin in their account.
i think the private key of Bitcoin should not be a fixed 256 bit. it should be able to change in an interval. the user can select the number of digits of its private key. For example: between 500 characters and 256 characters.
Why is it a public number: 256 bits?
The character of the private key is a privacy. The number of digits in the private key should also be a privacy.
I was thinking about that lately, not just a supercomputer but a manual guess might be also possible, but we have already an additional security for it like an own password, perhaps there will be more additional security to be implemented to ensure that everything is okay.i think the private key of Bitcoin should not be a fixed 256 bit. it should be able to change in an interval. the user can select the number of digits of its private key. For example: between 500 characters and 256 characters.
Why is it a public number: 256 bits?
The character of the private key is a privacy. The number of digits in the private key should also be a privacy.
How could you manually guess it the same number and letter at the same place?
We all know that Bitcoin's private key consists of 256 numbers or letters. However, with the adoption of bitcoin on a large scale. BTC accounts will be more and more. When the number of Bitcoin accounts is large enough, any 256 numbers and combinations of letters may be a private key. People can rely on guesswork to get bitcoin in their account.
i think the private key of Bitcoin should not be a fixed 256 bit. it should be able to change in an interval. the user can select the number of digits of its private key. For example: between 500 characters and 256 characters.
Why is it a public number: 256 bits?
The character of the private key is a privacy. The number of digits in the private key should also be a privacy.
I was thinking about that lately, not just a supercomputer but a manual guess might be also possible, but we have already an additional security for it like an own password, perhaps there will be more additional security to be implemented to ensure that everything is okay. i think the private key of Bitcoin should not be a fixed 256 bit. it should be able to change in an interval. the user can select the number of digits of its private key. For example: between 500 characters and 256 characters.
Why is it a public number: 256 bits?
The character of the private key is a privacy. The number of digits in the private key should also be a privacy.
People can guess private keys? Seriously? No one is capable of doing that genius. Many have tried to crack these keys in different ways(Brute force etc), but failed which is why a large portion of BTC is lost basically.
Maybe he was referring to superhumans lol,i don't think normal person can crack that private key combinationsQuote
Supercomputers could possibly crack them in the future, but it would still be really difficult.
Guess work is something that won't at all work when we are thinking of a number this long and even with most advanced computers and software's to just hack one key on time will take a lot of time .. trust me a lot.
There are some softwares who actually work on their own to get the key but even for a WiFi password they take days or weeks therefore for this , for getting key of one person come on ! It cannot happen because after finding every key one would have to check , by checking means sending some money on to that address and seeing if that exists so will you keep sending a dollar like million times ?
Because if you see it's 24 alphabets ( capital)* 24 alphabets ( small ) numbers 0-1
It's too much if you apply mathematics.
There are some softwares who actually work on their own to get the key but even for a WiFi password they take days or weeks therefore for this , for getting key of one person come on ! It cannot happen because after finding every key one would have to check , by checking means sending some money on to that address and seeing if that exists so will you keep sending a dollar like million times ?
Because if you see it's 24 alphabets ( capital)* 24 alphabets ( small ) numbers 0-1
It's too much if you apply mathematics.
That's not the case, you should read more about it. Even if you have such big computational power, you can make more money with that instead of finding private keys with btc.
the possibility that a private key is cracked is very remote, it is easier to lose it or have it stolen by a virus-infected computer...
The danger of bitcoin getting cracked has to do with the eventual rise of quantum supercomputers, which will be able to perform calculations orders of magnitude greater than today's computers. These computers will be able to obtain private keys pretty easily. Of course, the core developers will likely implement countermeasures some time in the future before these computers arrive.
People can guess private keys? Seriously? No one is capable of doing that genius. Many have tried to crack these keys in different ways(Brute force etc), but failed which is why a large portion of BTC is lost basically. Supercomputers could possibly crack them in the future, but it would still be really difficult.
Supercomputers can be the quantum computers which supposedly can crack coded and keys like the chicken eggs. That time can be coming but then again in parallel to this there can developed security measures to counteract the whole thing...so this can be just another opportunity to do business for security-focused software companies. I still believe though that it can be so difficult for any program to get into these private keys.
If it was possible, i mean even if there was a slight possibility for it to happen, bitcoin wouldn't exist now.
Bitcoin is either secure or it isn't.
Bitcoin works just like a casino (forgive me for this explanation). Many players come and go and try to outbest the casino but the house always wins in the end. If it was possible to beat the odds, the house/casino wouldn't exist.
Bitcoin is the house.
If the new advancements in technology possess any threats to bitcoin's security model, I am sure the devs will take action in no time.
For now It is not necessary, how do I know? If it was possible we would see shitton of hacked private keys everywhere all over the internet. It is only possible if you use weak passwords, insecure computers etc which has nothing to do with bitcoin's secuirty model.
Bitcoin is either secure or it isn't.
Bitcoin works just like a casino (forgive me for this explanation). Many players come and go and try to outbest the casino but the house always wins in the end. If it was possible to beat the odds, the house/casino wouldn't exist.
Bitcoin is the house.
If the new advancements in technology possess any threats to bitcoin's security model, I am sure the devs will take action in no time.
For now It is not necessary, how do I know? If it was possible we would see shitton of hacked private keys everywhere all over the internet. It is only possible if you use weak passwords, insecure computers etc which has nothing to do with bitcoin's secuirty model.
After having tried for the past 60 years, for some reason you end up with my private key. To your dismay you find that it is password protected.
After another 60 years your grandchildren finally managed to get access, just to discover all moved as i distributed it all with my last will.
Some people can not deal with large numbers (you one of them) thats also the reason Ripple can keep the xrp hocks-pockus going for now.
After another 60 years your grandchildren finally managed to get access, just to discover all moved as i distributed it all with my last will.
Some people can not deal with large numbers (you one of them) thats also the reason Ripple can keep the xrp hocks-pockus going for now.
You're saying like you can hack a private key.
I mean if you will be doing the math, there are still a lot of combination to do. Also, it is possible but the thing is that we all know that people won't just let that happen. They said that the creation of quantum computer can make this happen, but I think the private keys are developed before that is released. We don't need to think about that.
I mean if you will be doing the math, there are still a lot of combination to do. Also, it is possible but the thing is that we all know that people won't just let that happen. They said that the creation of quantum computer can make this happen, but I think the private keys are developed before that is released. We don't need to think about that.
I allow you to take ALL of my Bitcoins as soon as you guess my private key and after that brute my wallet. I can even consider giving you my password if you show me my private key lol.
It will take decades for any existing computer to get a propper private key and then it may take the same time to brute its password (ofc it was set properly).
The existing amount of words is more than enough.
It will take decades for any existing computer to get a propper private key and then it may take the same time to brute its password (ofc it was set properly).
The existing amount of words is more than enough.
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