relevant video that this reminded me of "Stealing Bitcoin with Math" https://www.youtube.com/watch?v=f2s3_UG9IPU
All Bitcoin private keys are on this website
181–190 of 398 posts
Re: All Bitcoin private keys are on this website
#182Re: All Bitcoin private keys are on this website
#183Earlier quoted context omitted.
Yeah, it's the bank you would be stealing from, through fraud (impersonation, I guess). But Bitcoin is decentralized, so you wouldn't be stealing from anyone?
You're still stealing from someone, but it's harder for them to catch you.
Not if the bank scenario holds. There is no legal persona associated with bitcoin nor the block chain. There's also no money there. Someone else took it already.
Re: All Bitcoin private keys are on this website
#184Earlier quoted context omitted.
what would be the incentive for trying a second time with another wallet?
I think you are missing how this would work. The scammer wouldn't scoop up the proceeds if it was a small account you were looking up, only if it was a whale. This is to prevent someone from figuring out it was a scam with a small account and only gain a few dollars from the scam.
I think you are missing something. If you have a wallet with very little or no money attached to it. And the you check for the correspoinding private key. If you find it - you "know" it works and then _might_ be inclined to try the key for a more serious wallet. But if not, then you know this site doesn't work and would have no inclination to try another key. If you enter important passwords or keys into random websites then this isn't about incentive but mere stupidity.
Re: All Bitcoin private keys are on this website
#185I completely expect in the next 10 years someone will steal Satoshi's private key for their huge horde of bitcoin. The incentives are huge.
I’ll take the over
Re: All Bitcoin private keys are on this website
#186No post body was provided.
Re: All Bitcoin private keys are on this website
#187No post body was provided.
Re: All Bitcoin private keys are on this website
#188Earlier quoted context omitted.
Astronomical. You could convert every computer into existence into hunting for used private keys, and run them for the lifetime of the universe, and you’d be unlikely to find even one used key.
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.
Re: All Bitcoin private keys are on this website
#189I was fascinated by a similar idea as a child, generating images of everything that has been, could be, or will be by exhaustively going through the possible combinations of pixels for some fixed size of image.
Later realized that the number of combinations were impossibly large, although in some ways the models that generate photos of people that aren't real, etc are searching the same space just with a lot of direction on what they are searching for (as opposed to my math.rand implementation in Adobe flash that produced noise...)
Re: All Bitcoin private keys are on this website
#190Just curious. Legally speaking. If someone was to "guess" the private key to an account with hundreds or thousands of bitcoin, could they legally move the bitcoin and take control of it? Or is it just as much an act of theft as guessing someone's car door code and driving off with the car? I can't imagine there is any legal precedent for such a thing.
After such transaction Bitcoin price would plummet to 0 anyway
As of December 2021, approximately 18.77 million Bitcoins are in circulation
Thousands of bitcoin would hardly make any difference at this time. A surge will happen out of fear, but not for long.