Re:U.S. Feds Seized Nearly $1B in Bitcoin from Wallet Linked...
by laurent92 on Thursday November 05, 2020 @12:59PM
(#25000370)
Same question: Ok we may not be able to brute-force it today for less than $1bn, but tomorrow, may a vulnerability in the algorithm make it possible to regenerate the private key?
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Re:U.S. Feds Seized Nearly $1B in Bitcoin from Wallet Linked...
by monokh on Thursday November 05, 2020 @01:03PM
(#25000420)
If there is ever such a vulnerability in bitcoin that allows you to either
- Generate private keys at a rate in which you will be able to produce it in a reasonable time
or
- Outright reverse engineer the private key from the public key or other metadata
Then Bitcoin is broken and that 1bn is worth next to nothing.
Re:U.S. Feds Seized Nearly $1B in Bitcoin from Wallet Linked...
by matt_kantor on Thursday November 05, 2020 @01:54PM
(#25000826)
If someone discovers such a vulnerability and is able to cash out before it's publicized then they'll make a lot of money anyway.
They could also short Bitcoin before intentionally crashing it.