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Topic: phrase words and private keys (Read 779 times)

hero member
Activity: 966
Merit: 515
One of the world's leading Bitcoin-powered casinos
April 20, 2017, 05:10:26 AM
#5
Phrase words and private key can easily Steal Bitcoin Address of Anybody?
I remembered that phrase are to make backup but here with only private key anyone can access your bitcoin .
Here a big thing is that in the wallet of the blockchain after update from legacy , you can't find any private key for the HD adress wallet , you can export only transaction tracebale key only .
But still you can import any bitcoin adress in the block wallet .
In my opinion the best wallet to manage your private key is mysellium wallet and blockchain ( specially for import ) .
Never share your private key with anyone .
legendary
Activity: 1036
Merit: 1005
April 20, 2017, 05:08:22 AM
#4
I don't even get the OP. Is this a question or a statement?
Obviosly, a poorly chosen sequence of 10 english language words can be guessed more
easily than a random 64-digit Hex-number.
newbie
Activity: 21
Merit: 0
April 20, 2017, 05:02:16 AM
#3
If you're going to make a passphrase or mnemonic make sure it's secure. A few years ago someone used this to store something more than 1BTC.
Code:
how much wood could a woodchuck chuck if a woodchuck could chuck wood

Yeah... no comments... It obviosly got stolen. This phrase is no secret in any way, it's a well-known tongue twister.

Moral from this: if you make a mnemonic or passphrase make sure it's unique and that ONLY YOU know it.
legendary
Activity: 1708
Merit: 1036
April 19, 2017, 10:53:30 PM
#2
Phrase words and private key can easily Steal Bitcoin Address of Anybody?

If you have the seed (phrase words) or private key for a wallet, you have access to the funds in that wallet, yes.
newbie
Activity: 11
Merit: 0
April 19, 2017, 10:41:41 PM
#1
Phrase words and private key can easily Steal Bitcoin Address of Anybody?
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