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23536223 No.23536223 [Reply] [Original]

Crypto is useless because it’s so easy just to guess a private key

Trust wallet only has a 12 word phrase and only a pool of 5000 words

5000*12 = only 60,000 possible mnemonics. It’s not secure at all.

>> No.23536252

>>23536223
lol, it's 5000^12

>> No.23536253

>>23536223
you mean 5000^12 right?

>> No.23536260

>>23536223
>it’s so easy just to guess a private key

Do it then

>> No.23536267

>>23536223
It's not 5000*12
It's 5000*12+5000*11+5000*10
Etceteram, down to one.

>> No.23536272

>>23536252
>>23536253
OP BTFO.

>> No.23536276

>>23536223
https://privatekeys.pw/scanner/bitcoin

found 0,3 btc in the last 2 hours

>> No.23536286

>>23536223
Holy shit, are these the people we take advice from?

Literally fucking dead beat brainlet tier. Grab a shovel and smash your head in please. Nothing of worth will be lost, trust me.

>> No.23536289

i called it in that last thread that this would be used to fud normies kek

>> No.23536296

>>23536252
>>23536253
That's the same thing retards.

>> No.23536310

>>23536267
>>23536253
Ok but 5000^12 is still not that much.

You could just get some friend to all help you guess keys.

Like it takes 10 seconds to come up with a phrase.

Eventually you are bound to get one right.

>> No.23536312

thanks just guessed 100k private keys

>> No.23536321

>>23536296
Lmao did you pass grade 4?

>> No.23536324

>>23536276
I'm pretty sure they just use your GPU to mine bitcoin for themselves

>> No.23536340

>>23536286
I literally found 0,3 BTC just guessing keys today

It’s so easy

>> No.23536344
File: 9 KB, 249x189, pepe laff.jpg [View same] [iqdb] [saucenao] [google]
23536344

>>23536276
>we charge 30% from the found balance as a service fee;
>payouts are made manually ASAP;

>> No.23536351

>>23536321
He's not wrong. This is why Cryptocurrency will never make it, and also why it should be banned off of /biz/.

Let's face it, the more people who get into crypto, the more addresses you will need.
With only 60,000 possible combinations, there can't be more than 60,000 people. It's dumb and hackers will eventually take your money.

Stick to stocks.

>> No.23536355

>>23536340
proofs pls

>> No.23536358

>>23536310
Literally this. A 12 qubit quantum computer could do that in like 5000 cycles. How hard can that be to arrange?

>> No.23536363

>>23536355
Nope

>> No.23536364

>>23536310
If by eventually you mean 100 billions years, assuming 10 seconds per attempt as you said.

>> No.23536372

holy shit amerilards stay in school

>> No.23536381
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23536381

>>23536276
AAAAAAAA WTF MY LINKIES ARE GONE AAAAAAAAAA

>> No.23536384

>>23536223
10/10
Lmao at all the newfags falling for this blatant bait

>> No.23536388

>>23536296>>23536310
holy fuck you can't be this fucking retarded

>> No.23536393

>>23536223
Holy crap all of biz is mathematically illiterate.
Doesn't understamd basic permutations and combinations.

>> No.23536399

>>23536364
actually scratch that, at 10 seconds per attempt is more like 1 quadrillion years

>> No.23536411

>>23536363
hahahaha ok liar

>> No.23536418

>>23536399
Alright, make it 1 second per attempt. Doable if you focus. How much does that come out to?

>> No.23536422

>>23536310
ah fuck dude hes onto us. As soon as 20 or 30 normies realize this we will be totally fucked

>> No.23536459

>>23536276
You paid gas fees didnt you. Kek

>> No.23536468

>>23536418
mmmmmmh
if 10 seconds = 1 quadrillion years
then 1 second = ?

tip: divide by 10

>> No.23536472

>>23536223
Nice, just guessed the ETH burn address! Thanks for the tip guys!!

>> No.23536500

>>23536223
Thx for tip I just got into 40 different wallets and made off with 500000000eth

>> No.23536526

>>23536468
That's what I asked you, moron
I don't have time do crunch the numbers
I could if I wanted too, i'm just too busy

>> No.23536539

>>23536472
Oh no, as soon as you move a single ETH confidence in the system will collapse sending everything to zero
A new age

>> No.23536552

>>23536526
based
>>23536468
Do the math you human computer autist slave

>> No.23536555

>Ok but 5000^12 is still not that much.
Hahahaha. Oh man, no you have no idea how wrong you are. Not the slightest clue. It's 2^256.

Watch this video:

https://www.youtube.com/watch?v=S9JGmA5_unY&feature=emb_logo


The article has to do with guessing early wallets protected with custom passwords that were stupidly short. Bots were built to basically brute force wallets like this. Fascinating stuff, but they only suck dry the wallets with very short, stupid passwords. There was an interesting article on this I read not too long ago, basically these bots scouring the network and collecting bitcoin here and there - which is doubtful it's owned by anyone that understands the technology, they probably just forgot their information/pw.

Modern encryption is simply impossible to hack through modern technology. Cracking Bitcoin would mean that you could literally hack anything. Anything. Any bank. Federal reserves. Anything.

>> No.23536590
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23536590

>>23536223
shitcoin bandits

>> No.23536599

>>23536555
Lets hope aliens with 1024 qubit computers dont fuck us over once we go full digital cash.

>> No.23536611

>>23536526
>>23536552
Ok I'm gonna assume you are trolling at this point (I was only 90% certain before these 2 posts).

>> No.23536614

>>23536599
Multisig wallets already exist. Try hacking that

>> No.23536625

>>23536223
That’s not how the math work out you fucking moron.

>> No.23536626

>>23536223
LMAO!!!!

>> No.23536650

wtf a password just flew over my house

>> No.23536664

>>23536310
you fucking retard save this fud for when they start buying it on paypal with christmas money

>> No.23536678

>>23536650
lmao underrated comment
>>23536223
OP https://tallyco.in/s/utsgf7/
since you so smart kek

>> No.23536691

>>23536351
This if you don't understand math in even basic terms, stick to stocks.

>> No.23536719

>>23536526
I don’t know how people fall for this
Here’s your (u)

>> No.23536729

>>23536719
what does (u) mean

>> No.23536751

>>23536719
>>23536729
Wow i hope he didnt mean (You) proper

>> No.23536782

>>23536751
oh lol

>> No.23536806

>>23536526
Based. You are right. It's honestly not a lot. Only when they get hacked they will know "you were right"

>> No.23536834
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23536834

>>23536223
>/biz/ math
no wonder you all make terrible investment decisions
it's n!/(n-k)! where n is the total number of words and k is the number in the phrase
the number of permutations is:
240936703908943758442813486185766396416000000
or
~2.41 × 10^44
which is a pretty big number.

>> No.23536865

>>23536223
how will they guess my hard wallet?

>> No.23536871

>>23536834
who doesnt use 24 word option?

>> No.23536903

>>23536871
true, I use 24 for everything, the number of permutations for that is:
5.64 x 10^88
it's a pretty substantial increase, not that you really had to worry about a collision with the 12 word.

>> No.23536925

>>23536296
BSV investor right here

>> No.23536938

>>23536555
Go back

>> No.23536941
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23536941

>>23536340
>I literally found 0,3 BTC just guessing keys today

>> No.23536983

>>23536223
Then get a physical wallet? Like those things that you plug in.

>> No.23537007

>>23536276
>there are people unironically using this site thinking they will some day find someone's key
I am tearing up

>> No.23537055

>>23537007
If it wasn't legit, how come they have a legitimate url? You can't get that without showing some credentials to ICANN

>> No.23537077

>>23537007
IFKR!

>> No.23537081

>>23536555
>>23536388
>>23536393
>holy fuck you can't be this fucking retarded
>Holy crap all of biz is mathematically illiterate.
>Hahahaha. Oh man, no you have no idea how wrong you are
>f you don't understand math in even basic terms, stick to stocks.
>>>/reddit/

>> No.23537143

>>23536296
Its not.
5000^12 is 5000 multiplied by 5000 12 times.

>> No.23537156

>>23537143
Result is 2,44140625e+44

>> No.23537169

>>23536252
Lmao the absolute state of /biz/. When did this board get so fucking retarded? How do you exhibit an interest towards investing without even having a basic grasp of probability?

>> No.23537175
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23537175

>>23536296

>> No.23537176

Also, wired is reddit standard magazine.
And is spreading FUD so that only corporates buy crypto.

Try hard next time, OP.

>> No.23537777
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23537777

>>23536276
Let me run the numbers for you
the best 'miner' in this pool has a key rate of 212,973 keys/sec round up to 213,000
lets say he runs that for 100 years
213,000*60*60*24*365*100 = 671716800000000 keys
bitcoin private keys are 256 bits, that's 2^256 total possible keys.
in December 2018 there were like 460 Million used bitcoin addresses, let's double that and round up, so 1B.
the probability of selecting any valid address given a random 256 bit number is 1,000,000,000/2^256 = 8.636 × 10^-69
so it's a bernoulli trial, for a Bernoulli distribution the probability of getting at least one key P(k >=1) = 1-P(k =0)
that's
1 - nCk p^k * (1-p)^(n-k)
or
1 - n!/(k!(n-k)!)*p^k * (1-p)^(n-k)
n = trials = 671716800000000
p = probability = 8.636 × 10^-69
k = 0, so we can get the rest of the distribution
n C 0 = 1 and p^0 = 1
so our answer is 1 - (1-p)^(n)
threw that in a high precision calculator and
5.8 * 10^-54 is the likelihood that you will get more than 0 correct keys in 100 years of trying using the best possible computer in this pool.
It's not going to happen, you got memed

>> No.23537856

princess result dancing horse plague prance fish reply or your mother dies tonight money shower cake icing tarantula bingo monkey yabba dabba doo

>> No.23537909

I always wondered whether you could bait the bots that monitor the low grade wallets and beat them at their own game.
>move a couple of bucks worth of some shitcoin into an empty, compromised ETH wallet
>bot scans and notices, moves a tiny amount of ETH to use as gas to steal it
>monitor the incoming transactions
>spam junk transactions with the gas set as high as possible to burn up all their ETH as soon as it lands
>the bot keeps scanning, eventually loops back around and notices the unguarded shitcoin
>moves a tiny amount of ETH to use as gas to steal it
>hacker wakes up and walks over to their computer
>their bot has spent 400 ETH trying to nab half a link token

>> No.23537948

>>23537777
although this is a simplification since it isn't exactly a Bernoulli trial, but the difference is negligible
>>23537909
based, I kinda want to try this

>> No.23537949

>>23537777
Fucking checked jesus christ amen

>> No.23537963

>>23537948
I doubt it would actually work, even if they hadn't accounted for it you're rolling the dice on whose transaction goes through first.

>> No.23537988

>>23536276
This is the funniest scam in a while

>> No.23537998

>>23537909
Similar to the idea behind the keeperdao gambit

>> No.23538002

>>23537777
checked

highly based

>> No.23538007

Ok but seriously. What stops someone from just typing random words into MEW and finding wallets?

>> No.23538010

>>23537777
based as fuck!

>> No.23538025

>>23538007
old age

>> No.23538028

>>23537777
MATHEMATICALLY BASED AND FACTPILLED HOLY FUCK CHEQED!

>> No.23538030
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23538030

>>23537169
Tell me how probability will make me a 20% rate of return every single year.

>> No.23538042
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23538042

>>23537777
What are the odds of those digits?

>> No.23538051
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23538051

>>23536252
>>23536253
>falling for that pasta bait

>> No.23538054

>>23538030
Wow. Holy shit watch some day trading videos.

>> No.23538058
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23538058

>>23538007
There are literally 50 ways to take a private key and a dictionary attack isn't one of them

>> No.23538059

>>23538007
This is how eth bandits actually work. There are quite a few people who use easy to guess phrases for their wallets, like well known quotations.

>> No.23538063
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23538063

>>23536590
kek underated

>> No.23538071
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23538071

>>23536223
Its hard to guess 'your' private key, but much easier to guess 'a' private key.

>> No.23538077

>>23536729
u substitution

>> No.23538080

Ledger seed is 24 words. Good luck guessing that

>> No.23538089
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23538089

>>23537777

>> No.23538092

>>23536223
that’s why I always store my crypto in exchanges I trust just like a bank. Never understood those willing to risk their holdings I mean you wouldn’t carry all your money with you in real life now would you.

>> No.23538095

>>23538080
Let's guess it one letter at a time:
N

>> No.23538096
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23538096

>>23538080
just bought a dictionary. What now ledger cucks?

>> No.23538102

>>23538077
yes got it

>> No.23538143
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23538143

>>23538089
fair
although if you don't reuse addresses you're still alright
not that bitcoin would still be a thing if that happened, the whole system would probably collapse if many people lost their keys to quantum attacks, but technically your bitcoins would be fine if you never used the address to sign anything

>> No.23538146
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23538146

>>23536590
>>23538063
Who’s the Kevin McCallister of crypto?

>> No.23538178 [DELETED] 
File: 60 KB, 924x480, global-daily.png [View same] [iqdb] [saucenao] [google]
23538178

Ehh, its not doing too bad as a currency, except tether is beating it which is embarrassing

>> No.23538335

>>23536223
>5000*12
5000^12
/thread

>> No.23538344

OP is a retard

>> No.23538369
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23538369

>>23538096
just shoved my ledger up my ass, what now retard?

>> No.23538419

>>23536223
doesn even know match NGMI

>> No.23538453

>bait
>falling for bait
>prentending to fall for bait
>bait
this entire thread is the reason none of you will ever make it

>> No.23538460

>>23538146
sminem

>> No.23538482

>>23538453
>falls for bait

>> No.23538488
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23538488

>>23537777
Holy fuck anon

>> No.23538492

>>23538482
>falls for my bait

>> No.23538672
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23538672

>>23537777
>>23538488
H O L Y
O
L
Y

>> No.23538691

>>23536296
This is not possible. You cannot use a keyboard. This was a troll.

>> No.23538807

>>23537777
based
may your portfolio see gainz anon

>> No.23538883

>>23536252
OK but what is that in common core?

>> No.23538885

Thanks just found Satoshi Nakamoto's address and am now worth millions

>> No.23539003

>>23536296
Poor but sadly effective b8

>> No.23539087

>>23536223
>GreenBERG