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Earlier quoted context omitted.
Someone gifted me 87 bitcoins back when they were worth ~0. They are still in some wallet somewhere I guess, and I saved the password on a harddrive I threw out around the same time
For 9.7 million, I would spend a considerable amount of time trying to recover that.
Earlier quoted context omitted.
how can that possibly work while supporting offline backup & restore?
The compute power needed use to be of the order of 5s per password try. So it effectively mitigate brute force back them, you need a absurd compute power to crack them. Moore law did its thing, now you can do it with a lot less computer power.
s/power/time/ maybe? Or on second thought: so energy-efficicient that it actually uses less power in the same-or-shorter time… which brings me back to "less compute power".