Re:Counter-Strike's player economy is in a multi-billion dol...
by toenail on Friday October 24, 2025 @02:40AM
(#45691572)
Actually, no. Even a perfect quantum computer can only attack a key if its public key has already been revealed on-chain, which is only the case for a small amount of coin. The other QC attacks rely on cracking a private key after it was broadcast, and before the transactions make it into a block.
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Re:Counter-Strike's player economy is in a multi-billion dol...
by rkomorn on Friday October 24, 2025 @02:43AM
(#45691598)
You lost me... What is the difference between an abandoned wallet and a non-abandoned one in this scenario?
Re:Counter-Strike's player economy is in a multi-billion dol...
by toenail on Friday October 24, 2025 @03:11AM
(#45691767)
Technically, "abandoned wallets" is not something that exists, all you have are "unspent outputs" of transactions. For QC attacks to work the public key to a private key has to be revealed, for modern addresses that only happens when you spend coins, not when you send them somewhere.
I guess some people call early P2PK (pay to public key) addresses "abandoned", but we simply don't know if somebody still controls them.
Re:Counter-Strike's player economy is in a multi-billion dol...
by wildzzz on Saturday October 25, 2025 @02:41PM
(#45706044)
Interesting. So as long as your wallet has only received Bitcoin, it's untouchable but the moment you transfer any of it, it's at risk of being emptied. The only way to protect any of the funds is to simply move it to another new wallet. We would be in a situation where any wallets (with known keys) can only be sold off in their entirety to prevent theft. However, who is going to want to buy any Bitcoin if the potential buyer's market decreases with each user exiting the market? The inherent value immediately drops to zero because each successive sale would be less than what it was purchased for. Kind of a Schrodinger's wallet, do you really own any Bitcoin if you can never withdraw from it?