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All Bitcoin private keys are on this website

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301–310 of 398 posts

Re: All Bitcoin private keys are on this website

#301
post #284

Earlier quoted context omitted.

Because whether or not Bitcoin is silly, someone else paid their hard earned money for the coins, usually we say that makes someone the owner. What do you usually call someone who takes a thing from its owner without permission?

Except that they aren't taking anything from anyone. It's information. They might be copying it. And you might argue things like privacy count, and I'd be willing to hear your reasoning, but this shouldn't be like magic. Yeah, someone was silly to pay hard earned money in exchange from useless tokens. It was a gamble. If the useless tokens get stolen, I'm sorry to say, but whoever paid for BTC already lost their weal…

The balance of your bank account is similarly “information”. But since everyone places value on that information, it’s valuable.

And these days, they way society is using traditional currency is become less tangible all the time. It’s is 100% possible to live life with never touching physical currency. Get paid via direct deposit, credit cards for your daily expenses, ACH your housing bill and credit card expenses. All just information flowing around.

Crypto is certainly overhyped and overvalued days, but it’s seems that at the core, crypto and modern banking are accomplishing the same thing: managing numbers(information) that people value.

Re: All Bitcoin private keys are on this website

#303
post #79

Earlier quoted context omitted.

This reminds me of a discussion a few years ago where someone was extremely adamant that you'd have to handle the chance of a key collision in a random 256-bit key for the system to be secure :)

I might agree with them because your random process could be weaker than you think without having any indication until you hit the colision. Anything past detection and panicking might be overkill tho.

[deleted]

Re: All Bitcoin private keys are on this website

#305
post #204

Earlier quoted context omitted.

And then, when you "hit the jackpot", will you become a thief? Or will you just feel like you picked a lock, smile and pull the door back shut.

Why a thief? Bitcoin is a silly idea based on scarcity that doesn't exist. If someone generated the right numbers by chance and had luck, I wouldn't say they'd be doing anything wrong getting whatever is there. It's not the same as stealing data, and is not the same as hacking into a banking system. It's decentralized, and there isn't the concept of real scarcity. It's not even hacking. https://henvic.dev/posts/bitco…

> If someone generated the right numbers by chance and had luck

The whole point of cryptography is nobody could possibly guess these numbers within the lifetime of the universe. If this assumption is somehow proven wrong, we've probably got bigger problems than one person losing money.

Re: All Bitcoin private keys are on this website

#306
post #284

Earlier quoted context omitted.

Except that they aren't taking anything from anyone. It's information. They might be copying it. And you might argue things like privacy count, and I'd be willing to hear your reasoning, but this shouldn't be like magic. Yeah, someone was silly to pay hard earned money in exchange from useless tokens. It was a gamble. If the useless tokens get stolen, I'm sorry to say, but whoever paid for BTC already lost their weal…

The balance of your bank account is similarly “information”. But since everyone places value on that information, it’s valuable. And these days, they way society is using traditional currency is become less tangible all the time. It’s is 100% possible to live life with never touching physical currency. Get paid via direct deposit, credit cards for your daily expenses, ACH your housing bill and credit card expenses. A…

The key difference is that one of these things has the backing and approval of recognized governments who also control law enforcement, while the other is just some guys on the internet. I'm not so sure "finding a pre-existing bitcoin wallet I can claim, and doing so" is really any different than "generating hashes until the blockchain hands me a prize".

Re: All Bitcoin private keys are on this website

#307
post #188

Earlier quoted context omitted.

What is the expected speed up if using quantum techniques? Can quantum techniques allow one to more effectively search for a specific private key to a BTC account?

I think it's square root of classical computing time, using Grover's algorithm.

How do the units work there? The dimensions would be time^(1/2)... That isn't a physical time.

It's it the number of operations which is the square root? (Presumably the different types of computer don't take the same amount of time per operation)

Re: All Bitcoin private keys are on this website

#308
post #284

Earlier quoted context omitted.

Because whether or not Bitcoin is silly, someone else paid their hard earned money for the coins, usually we say that makes someone the owner. What do you usually call someone who takes a thing from its owner without permission?

Except that they aren't taking anything from anyone. It's information. They might be copying it. And you might argue things like privacy count, and I'd be willing to hear your reasoning, but this shouldn't be like magic. Yeah, someone was silly to pay hard earned money in exchange from useless tokens. It was a gamble. If the useless tokens get stolen, I'm sorry to say, but whoever paid for BTC already lost their weal…

So if I do a bank transfer from your account to mine, I'm just "copying information".

Re: All Bitcoin private keys are on this website

#310
post #284

Earlier quoted context omitted.

Because whether or not Bitcoin is silly, someone else paid their hard earned money for the coins, usually we say that makes someone the owner. What do you usually call someone who takes a thing from its owner without permission?

Except that they aren't taking anything from anyone. It's information. They might be copying it. And you might argue things like privacy count, and I'd be willing to hear your reasoning, but this shouldn't be like magic. Yeah, someone was silly to pay hard earned money in exchange from useless tokens. It was a gamble. If the useless tokens get stolen, I'm sorry to say, but whoever paid for BTC already lost their weal…

> Except that they aren't taking anything from anyone. It's information. They might be copying it.

It's true that information is infinitely abundant. However, unlike copyrighted works, private keys are not supposed to be shared. There should never be more than one copy of that number in the entire universe. If people can brute force keys by guessing, we've probably got bigger problems.

Obtaining that number without authorization is already a crime. Accessing computers illegally to exfiltrate data is already a crime. Breaking into a physical safe in order to obtain a paper key is already a crime.

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