Your guide to Bitcoin, Ethereum & Web 3.0 - Decrypt

How would hacker go about trying to decrypt bitcoin wallets

How would a hacker go about trying to decrypt password protected AES256 encrypted text (for example, an encrypted Electrum bitcoin wallet ). We're assuming that the hacker thinks there is at least $50,000 worth of bitcoin or some other crypto on it. Would they even bother trying to decrypt it given the possibility of trying to crack something that may be impossible and a waste of money? IF so, would they start by checking the first 8 or so lowercase combinations, then maybe try upper case, characters, and then do a dictionary attack and also add characters to the end of the words? Like Mo0se, moose%, moose333 etc.

Obviously the best solution is a password that has enough entropy to withstand any brute-force attack but lets assume that adding more entropy is not an option
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DECRYPTING BITCOINS: PROS AND CONS

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Decrypt Bitcoin - get - learn - use bitcoin. Bitcoin faucet lists by category!

Decrypt Bitcoin - get - learn - use bitcoin. Bitcoin faucet lists by category! submitted by decryptbitcoin to usebitcoins [link] [comments]

Comcast to ISIS: There's '420 Chance' We'll Force Unidan to Decrypt Bitcoins

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Decrypting Bitcoin | The Blockchain Technology Explained

Decrypting Bitcoin | The Blockchain Technology Explained submitted by earnitwithleo to Bitcoin [link] [comments]

Decrypting Bitcoin | The Blockchain Technology Explained

Decrypting Bitcoin | The Blockchain Technology Explained submitted by earnitwithleo to CryptoCurrency [link] [comments]

Decrypting Bitcoin | The Blockchain Technology Explained

Decrypting Bitcoin | The Blockchain Technology Explained submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Question for Canton Becker: Is your site bitcoinpaperwallet.com still safe for generating and BIP38 encrypting/decrypting Bitcoin and Litecoin addresses?

This is an open message to u/cantonbecker
  1. Can you confirm that your bitcoinpaperwallet.com is still safe to use?
  2. Can people trust its random number generator for generating addresses for storing millions of dollars worth of bitcoins/litecoins?
  3. Are you still actively maintaining it?
submitted by 69520d0f929aeac8 to Bitcoin [link] [comments]

Decrypting Bitcoin | The Blockchain Technology Explained

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Decrypting Bitcoin

http://www.thesimpledollar.com/decrypting-bitcoin/

http://www.muchbitcoin.org/ - Bitcoin Education
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Recommend sites to add to my wip crypto news aggregator ?

Currently utilizing rss feeds of :
Be in crypto
cointelegraph
decrypt
bitcoin dot com
coindesk

Looking for other decent and reputable sites to add to the the aggregator. Every post I use gets due credit with a link to the source and author. Not looking to steal someones thunder. Maybe even add in some podcasts and youtube vids as well.
submitted by MassSnapz to CryptoCurrency [link] [comments]

Unpopular opinion: Bitcoin isn´t what it claims to be

BTW I HAVE OWNED BTC IN MY LIFE ! This is not to be meant a troll. See it as an opportunity to question BTC in order to make it better eventually(?)!
The reason why I put up this post is because I see so many people on Instagram or elsewhere getting into Bitcoin as a speculative investment and thinking it is going to the moon just for some halvening.
I do not dislike the idea of cryptocurrency but actually there are a few problems with Bitcoin.

Yes, Bitcoin has paved the way for crypto, that is true.
Yes, Bitcoin is a great idea with great ideals.
Yet it is still destined to fail.

A lot of people say that BTC will be the future because of various characteristics like:

Claim #1 BTC is anonymous:
"Some effort is required to protect your privacy with Bitcoin. All Bitcoin transactions are stored publicly and permanently on the network, which means anyone can see the balance and transactions of any Bitcoin address. However, the identity of the user behind an address remains unknown until information is revealed during a purchase or in other circumstances. "
- https://bitcoin.org/en/you-need-to-know

Claim #2 BTC is decentralized:
Well, not really. BTC is tied to it´s miners. And while a lot of people here call themselves early adopters, they have never ever contributed to a solved-block. Why is this important? Who sells you your BTC? The miners... so if any big enough group of ( chinese bc they are very active) miners decides it is time to rob the people back of the BTC they sold them - there is no one going to stop them. And unfortunately this all plays along with BTC´s rules.
Everyone who didn´t get along on this one should research '51% Attack Bitcoin'\1])
The only counter I can think of is " but all the faulty transactions could be recognized and we (the hodlers) can verify the original chain on a new fork " or something like that, yeah well but technically you will still be fighting the miners and their hashrates
[1] https://duckduckgo.com/?q=51+percent+attack+bitcoin&t=ffab&atb=v140-1&ia=web

Claim #3 BTC is efficient:
If I want to send you a 100 million bucks, yeah well that can be pretty f-ing cheap in comparison to normal banks. But one of the main reasons that Bitcoins transaction fees have risen for the amounts that you actually want to use daily , is because it is more profitable for miners\1])
So as more people adopt and thus transactions getting more profitable for the miners, fees are gonna rise..
-
Also in term of energy consumption. A SINGLE transaction needs as much power as an entire US-household uses in an avg 23 days\3]) That is not sustainable, as the consumption grows with adoption. Even with 100% renewable power( which we are far away from) the shere amount of ressources (e.g silicon for solar-panels for "neutral" energy) is very debatable. Also the mining hardware has to be changed with every halvening (press f for all these rare metals in computer parts)
[1] https://coinsutra.com/bitcoin-transaction-fees/
[2] https://bitcoinfees.net/
[3] https://digiconomist.net/bitcoin-energy-consumption

#4 Thought: Quantum Computing
What will you do with Bitcoin if Google or IBM (or others) get their quantum computers to work so good, that they will easily decrypt bitcoins encryption.
Here is an interesting video if you are interested in how QComputing threatens basically anything that is encrypted:
https://www.youtube.com/watch?v=6H_9l9N3IXU

#5 Thought: Comparing BTC to USD
To anybody who says "look at the dollar dying, we will go to 100,000$ soon" - you are most likely speculating instead of believing in the intrinsic value of BTC (proof of work). If you keep measuring BTC worth in any fiat currency, you lost the point. If it really becomes THE currency, any comparison to fiat is obsolete.
I know this one is kinda unsolid but I wanted to throw it in!

#6 Thought: Financial Elite
Bitcoin rewards those who adopt first. Sounds good, right? If fiat and governments fail, most of you will be the top 1% while holding 90% of the BTC in circulation. Will that be any better than the monetary system we have right now? In the end Bitcoiin will not serve the many, who have little but it will serve the few who have much.
Think about your fellow (billions of) humans around the world. Will you explain to them: ' Well I got in first, so I am entiteled to be rich' ? I think if BTC would actually become widely adopted, that is an ethical question a lot of people have to ask themselves!
Tbh, this might be the most important point for me and I am SUPER excited for your opinions on that!

TL:DR I think there are good reasons why BTC is (unfortunately) wishful thinking and other cryptos with hopefully better systems will take lead.

I would love to hear good arguments against my positions because mostly people get triggered instead of having a conversation that could benefit everybody!

EDIT: Another source for problems with encryption:
https://arxiv.org/pdf/1804.08118.pdf " On the insecurity of quantum Bitcoin mining "
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[Tech] Adriana Hamacher / Decrypt - "Venezuelan Authorities to Govern All Bitcoin Mining, by Decree"

[Tech] Adriana Hamacher / Decrypt - submitted by B-VOLLEYBALL-READY to KotakuInAction [link] [comments]

Twitter CEO Explains How Bitcoin, Blockchain Will Revamp Its Business - Decrypt

Twitter CEO Explains How Bitcoin, Blockchain Will Revamp Its Business - Decrypt submitted by euphemized to Bitcoin [link] [comments]

Bitcoin is now the 6th largest world currency - Decrypt

Bitcoin is now the 6th largest world currency - Decrypt submitted by Oninteressant123 to CryptoCurrency [link] [comments]

What Would it Take for the SEC to Approve a Bitcoin ETF? - Decrypt

What Would it Take for the SEC to Approve a Bitcoin ETF? - Decrypt submitted by ch0s3n0n3 to CryptoCurrency [link] [comments]

Number of Bitcoin Addresses Holding Over $1,000 Hits All-Time High - Decrypt

Number of Bitcoin Addresses Holding Over $1,000 Hits All-Time High - Decrypt submitted by HashMoose to CryptoCurrency [link] [comments]

Just Eat Now Accepting Bitcoin Payments in France - Decrypt

Just Eat Now Accepting Bitcoin Payments in France - Decrypt submitted by CommercialTouch9 to CryptoCurrency [link] [comments]

jjsploit says your files are encrypted you need to pay 10000000000000000$ USD worth of bitcoin to decrypt

i thought jjsploit was free
submitted by Speedwadoge to robloxhackers [link] [comments]

A CashApp for Canada: Bitcoin App ShakePay Adds P2P Payments - Decrypt

A CashApp for Canada: Bitcoin App ShakePay Adds P2P Payments - Decrypt submitted by dreasp to Bitcoin [link] [comments]

Are crypto websites like "decrypt" plagiarising this sub's posts and making articles out of them? This one is about "All Norwegians Holding Bitcoin"

Are crypto websites like submitted by Set1Less to CryptoCurrency [link] [comments]

Bitcoin Is Pumping. Is Barstools' Dave Portnoy Salty? - Decrypt

Bitcoin Is Pumping. Is Barstools' Dave Portnoy Salty? - Decrypt submitted by CommercialTouch9 to CryptoCurrency [link] [comments]

HOW TO ENCRYPT AND DECRYPT WALLET Coin Decrypt - YouTube How to find the private key of an imported Bitcoin address ... Cracking Bip38 Encrypted Private Keys of Bitcoins - YouTube Bitcoin Wallet - Download, Encrypt, Backup, & Use - YouTube

How do I unlock, decrypt, Bitcoin wallet? Ask Question Asked 8 years, 9 months ago. Active 7 years, 4 months ago. Viewed 16k times 6. I'm new to Bitcoins and I downloaded the new beta version with the encrypted wallet. I encrypted my wallet but I have no idea on how to decrypt it. It is locked. How can I unlock/decrypt my wallet? Moreover, I added a few new addresses for payments but I would ... Read the latest Bitcoin and Ethereum news from Decrypt. Get the latest on cryptocurrency prices, breaking news, and more about Bitcoin and blockchain. App Email Token Podcast. Menu. Reading. Search. About. Top Stories Insights into the day’s biggest news. Bitcoin's Price Booms to Highest Level Since June 2019. News Coins. Decrypt Staff. Oct 25, 2020 Oct 25, 2020. 2 min read 2 min read Inside ... How to encrypt and decrypt your Bitcoin wallet. We want to encrypt our Bitcoin wallet so attackers cannot dump the private keys, etc. (We assume we are running a bitcoin-core node) Help about encrypting the wallet: $ bitcoin-cli help encryptwallet Encrypt the wallet for the first time First we encrypt the wallet (this works for an unencrypted wallet, for an already encrypted wallet we need to ... Bitcoin Wallet Decrypt (BackupFile -> Mnemonic) If you have been using the Bitcoin Wallet from Bitcoin Wallet developers, it is likely you want to get your Bitcoin Cash or take control of your private keys. I wrote this script to simplify this process for myself. This script will obtain a BIP-39 mnemonic that can later be used to transfer Bitcoin or Bitcoin Cash to other wallets. WARNING: You ... Decrypt Season 2020. Our periodical research publication, Bitcoin Suisse Decrypt, offers insights into current market conditions as well as the fundamentals of cryptocurrencies.

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HOW TO ENCRYPT AND DECRYPT WALLET

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