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Author Topic: Bitcoin Discussion  (Read 108753 times)

Online Humble Trader's Fx

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Re: Bitcoin Discussion
« Reply #525 on: March 15, 2019, 01:08:13 PM »
Humble Trader I would say that you are a bit sarcastic and not contributing to solution of the problem for those poor people. Why dont they just find few nice kids who are experts in system hacking and solve the mystery of private key? It is not so complicated. What do you think?

That is the whole premise of my having serious doubts about cryptos, all it takes is a good hacker or a computer which is faster and better, like the upcoming quantum computers and people will lose  their money before you can say Bitcoin.

The problem with the current situation is that each time you try a key and it doesn't work, there is a delay to the server which owns it, after x number of tries, you have to use another computer with another IP address. It is not impossible but it will take ages. And  that is the first step to get the computer which owns the wallets out of cold storage (cold= not connected to physically internet), then you need to start all over again, draining the funds from each wallet with its own key. Hali Luya!  :-X


Regards,
HumbleTrader
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.

Love is the ink, wisdom is the message.


Offline oportunis

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Re: Bitcoin Discussion
« Reply #526 on: March 15, 2019, 03:37:19 PM »
Lol, you would need a few million years to hack a random wallet. With no inside information you can forget about it.

Online Humble Trader's Fx

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Re: Bitcoin Discussion
« Reply #527 on: March 15, 2019, 07:31:32 PM »
Lol, you would need a few million years to hack a random wallet. With no inside information you can forget about it.

Maybe a million years or maybe a few seconds; it all depends on the technology at hand and how sophisticated it is or becomes... only "time" will tell.

Regards,
HumbleTrader


We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.

Love is the ink, wisdom is the message.


 

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