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Earlier quoted context omitted.
No it doesn't. What kind of an excuse is that? When a password manager maker finds a vulnerability they should absolutely tell their users to regenerate their passwords!
didn't the vendor fix it?
Time for a new investment strategy that involves buying whatever (index funds?) then losing your password to force a hold till the encryption algo has been cracked or compute power makes it easy to brute-force. Call it the Moore’s Law Fund.
What the ? You presumably go from not a millionaire to having $3,000,000, and you decide to risk it to triple it? That's some next level greed right there.
> Michael says he was lucky that he lost the password years ago because, otherwise, he would have sold off the bitcoin when it was worth $40,000 a coin and missed out on a greater fortune. This is so true for stocks too
Time for a new investment strategy that involves buying whatever (index funds?) then losing your password to force a hold till the encryption algo has been cracked or compute power makes it easy to brute-force. Call it the Moore’s Law Fund.
This is already how bitcoin mining works. Compute is used to calculate partial hash collisions via brute force. The number of bits required in the collision adjusts dynamically based on the duration of the last 2016 blocks. If you're the first to find a valid collision for the next block, you get 3.125 BTC.
"Michael... now has 30 BTC, now worth $3 million, and is waiting for the value to rise to $100,000 per coin." What the ? You presumably go from not a millionaire to having $3,000,000, and you decide to risk it to triple it? That's some next level greed right there.
NOT keeping it in Bitcoin is some next-level stupidity, by the simple analysis of trends over the time he’s held it.
And the inflation produced by the creation of broad money over the last 3 years hasn’t even come home to roost, yet.
I’d say he’s being ruthlessly analytical, not greedy.
The original video by Joe Grand: https://youtu.be/o5IySpAkThg
Highly recommended, didn't think I'd watch the whole thing but the production quality was great and it explains everything much better than the wired article.
However, it goes to show why hacking will never be made interesting in movies without a bunch of fake nonsense like hacking the Gibson's 3D virtual environment.
So Roboform has almost certainly thousands (of not millions) of users with weak passwords, and not only didn't they tell anyone, all they give is a shrug when asked about it. What a bunch of bozos.
Because the vast majority of ppl who use it will not be storing millions of dollars of crypto with it. Crypto changes the game totally.
You may be using it to protect extremely sensitive information that could have people killed - that’s more important than a few million dollars in imaginary money
So the version of password manager he was using was vulnerable because it was generating low entropy passwords. They also found the seed was from time and knew when he had created it. He got lucky there a little.
Who is he in that sentence? Do you mean the owner of the wallet who is absouletly very lucky, or the hackers that did a lot of investigating and reverse engineering to learn that the datetime was the seed. Was that luck or l337skillz?
So Roboform has almost certainly thousands (of not millions) of users with weak passwords, and not only didn't they tell anyone, all they give is a shrug when asked about it. What a bunch of bozos.