The wallet itself can not be cracked
Topic: will high value wallets eventually be targeted and cracked? (Read 1522 times)
No Wallet has ever been cracked, an online wallet is NOT the same thing. it falls back on your loging in with a username and pass, Java, html, css, php etc. all have flaws. the right law and boom you own more than one wallet.
The wallet itself can not be cracked
The wallet itself can not be cracked
Relevant XKCD comic ... http://xkcd.com/538/
I think it's very easy to steal someone else's BTC just get an address of someone who sells you some ask em how many they have left get their address go to their house and steal them. That being said why would you do that anyways sense you would be locked up and not be able to spend them?
This is why you shouldn't reuse addresses. The system tries to protect users from themselves. The coin selecting algorithm will attempt to find inputs which cover the tx. So my wallet could have 1,000 BTC but the inputs used to pay you 9.5 BTC may only have 9.7 BTC in value with the 0.2 BTC excess change going to a new address. There is nothing which indicates the true value of the wallet.
Reusing addresses and consolidating balances into single large addresses works against the system as designed.
thanks for clarifying that
also what the other said kinda rings true ,a lot of "hacker robberies "
that so many exchanges have fallen victim to the owners may or may not have
had a hand in
either through dishonesty or negligence ,neither one is worth a fuck when the coins are gone though
most recently ,that sheep guy stole 96,000 BTC from his customers on his silk rd style site and claims he was robbed by
a hacker (which i understand now is not the same as wallet was hacked by forcie etc )
but 96,000 btc
one rich mo fo
I think it's very easy to steal someone else's BTC just get an address of someone who sells you some ask em how many they have left get their address go to their house and steal them. That being said why would you do that anyways sense you would be locked up and not be able to spend them?
This is why you shouldn't reuse addresses. The system tries to protect users from themselves. The coin selecting algorithm will attempt to find inputs which cover the tx. So my wallet could have 1,000 BTC but the inputs used to pay you 9.5 BTC may only have 9.7 BTC in value with the 0.2 BTC excess change going to a new address. There is nothing which indicates the true value of the wallet.
Reusing addresses and consolidating balances into single large addresses works against the system as designed.
Had I known my quote would continually be used in the graphic for these types of threads I would have asked the person who turned it into a graphic (love the sun image BTW) to let me fix the horrible phrasing before it gained a life of its own.
I think it's very easy to steal someone else's BTC just get an address of someone who sells you some ask em how many they have left get their address go to their house and steal them. That being said why would you do that anyways sense you would be locked up and not be able to spend them?
ok,fair enough
most of the so called "robberies" have been more like cases
where the wallet holder was negligent with the keys rather than them
actually being cracked
most of the so called "robberies" have been more like cases
where the wallet holder was negligent with the keys rather than them
actually being cracked
Not always. Yesterday there was a thread here, started by an user whose BTCs were stolen. He had used 2FA and two passwords. So sometimes it is not exactly the owner's fault.
ok,fair enough
most of the so called "robberies" have been more like cases
where the wallet holder was negligent with the keys rather than them
actually being cracked
most of the so called "robberies" have been more like cases
where the wallet holder was negligent with the keys rather than them
actually being cracked
No, obviously you still don't get it. ALL of the cases have been stolen private keys, fraud, or insecurely generated addresses / signatures. No one has EVER cracked a securely-generated bitcoin private key, and it's basically impossible that it will ever will happen.
Far more likely you're going to start seeing doxing of the people behind the addresses, and house break-ins and black-bag techniques to capture wallet passwords being typed in via hidden camera after breaking in and imaging the hard drive or something. Or breaking in and stealing the paper wallets. That's waaaaayyyy easier than just trying to brute force keys.
ok,fair enough
most of the so called "robberies" have been more like cases
where the wallet holder was negligent with the keys rather than them
actually being cracked
that makes me feel more secure keeping larger stockpiles in the same heavily protected wallet
most of the so called "robberies" have been more like cases
where the wallet holder was negligent with the keys rather than them
actually being cracked
that makes me feel more secure keeping larger stockpiles in the same heavily protected wallet
ive seen this image b4 but theres been an awful lot of robberies in btcs short history
as the value continues upwards im sure there will be plenty more
everything is uncrackable ,until its cracked lol
as the value continues upwards im sure there will be plenty more
everything is uncrackable ,until its cracked lol
The laws of the universe don't protect you from stupidity. SHA-256 encryption has never been, and likely will never be, broken. However, SHA-256 encryption will not make you coffee, find you a girlfriend, or keep people from stealing your money if you leave it where they can get to it.
Your original post asked whether an offline wallet was safe. If that wallet was made correctly, all the points made in the image are correct.
Keyloggers and shady wallet services are a much bigger risk imo.
Why not use multiple wallets on multiple computers which connect to the internet only to do bitcoin transactions? I don't know that one can ever be too paranoid when it comes to security if we're talking that kind of money... Precautions are one heck of a lot cheaper than lost bitcoins.
Why not use multiple wallets on multiple computers which connect to the internet only to do bitcoin transactions? I don't know that one can ever be too paranoid when it comes to security if we're talking that kind of money... Precautions are one heck of a lot cheaper than lost bitcoins.
ive seen this image b4 but theres been an awful lot of robberies in btcs short history
as the value continues upwards im sure there will be plenty more
everything is uncrackable ,until its cracked lol
as the value continues upwards im sure there will be plenty more
everything is uncrackable ,until its cracked lol
I think Bitcointalk needs to add face-palm icon...
im not talking about the people with a hundred coins etc but more like 100k+
is it feasilble that a secure wallet such as the dprs with 144,000btc could be cracked eventually
with more modern technology comes along or a group with powerful computers could work together
to brute force it ?
just interested in people storing offline ,when the prize is $100 mil or even a billion $ would those coins
still be there in say 10 years ?
is it feasilble that a secure wallet such as the dprs with 144,000btc could be cracked eventually
with more modern technology comes along or a group with powerful computers could work together
to brute force it ?
just interested in people storing offline ,when the prize is $100 mil or even a billion $ would those coins
still be there in say 10 years ?
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