I have 217 BTC, what do I do with them?

[splishsplash]

So how do they do it?

Are these services he posted above a scam?

Of course they are a scam.

Do you even have to ask this?

Yeah, here, send me $1k and 5% of what's in the wallet, and I'll crack the wallet for you.

ho ho ho.

I won't just crack it myself and take 100% of what's in it! Because um, yeah, I like to offer services. I'm not a bad person, I'm just fulfilling a market need.

I've already showed the math.

If you could play the powerball every second for the next 20 billion years, you are a trillion trillion trillion trillion trillion times more likely to win it, every second, for the next 20 billion years than you are to find 1 of 100 million wallets in the complete address space for a 256 bit key.

Do you understand the sheer magnitude of this now?

You would need more GPUs than there exists atoms in the universe to crack it with current GPUs.

Even quantum computers can't just magically crack it. And as I've said before, why does some cracker kid at home have a quantum computer and the miners don't?

A super quantum computer won't just magically appear and be able to crack crypto.

As technology advances, everyone, including the bad actors all get access to similar levels of tech.

In fact, the miners are going to get access way before any hackers at home will.

They have FAR MORE MONEY and are financially incentivized.

Not only that, but this is a known issue. Blockchain developers are well aware of this. There are trillions of dollars locked up in crypto.

We are not just going to sit around doing nothing while quantum computers advance over the years then go "whoops, there goes crypto".

 

[OccultKingdoms]

It's getting funny since XXth century

I laugh off these comparisons

I still don't know what's enigma code

 

[gentzalli]

Of course they are a scam.

Do you even have to ask this?

Yeah, here, send me $1k and 5% of what's in the wallet, and I'll crack the wallet for you.

ho ho ho.

I won't just crack it myself and take 100% of what's in it! Because um, yeah, I like to offer services. I'm not a bad person, I'm just fulfilling a market need.

I've already showed the math.

If you could play the powerball every second for the next 20 billion years, you are a trillion trillion trillion trillion trillion times more likely to win it, every second, for the next 20 billion years than you are to find 1 of 100 million wallets in the complete address space for a 256 bit key.

Do you understand the sheer magnitude of this now?

You would need more GPUs than there exists atoms in the universe to crack it with current GPUs.

Even quantum computers can't just magically crack it. And as I've said before, why does some cracker kid at home have a quantum computer and the miners don't?

A super quantum computer won't just magically appear and be able to crack crypto.

As technology advances, everyone, including the bad actors all get access to similar levels of tech.

In fact, the miners are going to get access way before any hackers at home will.

They have FAR MORE MONEY and are financially incentivized.

Not only that, but this is a known issue. Blockchain developers are well aware of this. There are trillions of dollars locked up in crypto.

We are not just going to sit around doing nothing while quantum computers advance over the years then go "whoops, there goes crypto".

a bit off topic here but in regards to cracking wallets since you mentioned a 256 bit seed, is that even more secure than a standard 128 bit seed (12 words)? Apparently hackers would go directly after the private keys and not the seed phrase so the 256 bit entropy providing extra protection might be an illusion. This is the answer I keep finding online when researching this:

A 12 word seed phrase provides 128 bits of entropy. A 24 word seed phrase provides 256 bits of entropy. This much is true. However, all bitcoin private keys provide, at most, 128 bits of security. So the security of the private keys generated by a 24 word seed phrase are identical to the security of the private keys generated by a 12 word seed phrase (provided, of course, that the seed phrases were not generated insecurely).

 

[pixeldaz]

Never knew Gambian BTC was a thing!

 

[OccultKingdoms]

These services are as true as this @splishsplash

https://www.blackhatworld.com/seo/i-have-217-btc-what-do-i-do-with-them.1564771/page-5#post-17421774
I keep on searching money doubler since 2012 but little success. Only found business and helping other people for money so far.

 

[seoxz]

Sell it for 100k and buy back during the bear run

 

[cardrey]

Give me the money, I want to use it to build a company.

 

[OccultKingdoms]

Give me the money, I want to use it to build a company.

Lol you better get a job. Haha

 

[splishsplash]

a bit off topic here but in regards to cracking wallets since you mentioned a 256 bit seed, is that even more secure than a standard 128 bit seed (12 words)? Apparently hackers would go directly after the private keys and not the seed phrase so the 256 bit entropy providing extra protection might be an illusion. This is the answer I keep finding online when researching this:

What people are talking about here is that a 256 bit seed list wallet "effectively" is like a 128 bit because people can skip trying to crack the seed list wallet, and go directly after a bitcoin private wallet, or an etherium private wallet.

It's important to remember(jesus I sound like chatgpt, but this is how I talk lol)..

The seed list "wallet" is not really a wallet. We call it that out of convenience. It's more like one of those man-bags that can contain all your wallets, if you're a weirdo with multiple wallets..

Here's how it works

It uses something called "hierarchical deterministic wallets". Cryptographic functions are applied to the seed list and this allows us to produce "virtually" unlimited numbers of private keys, ie, wallets.


Although they both appear to be private keys within cryptography, and they are in my understanding both just cryptographic private keys. Where the semantic difference lies is a 'wallet' is something related to the blockchain.

So we get this:

Wallet implies private key

but

private key does not imply wallet.

Now, the 24 word seed list is still 256 bits. It's not equivalent to a 12 word seed list.

Strictly speaking.

But, if that seed list, cryptographically maps to wallets that are encrypted with elliptic curve cryptography. Which is not all of them, but includes bitcoin and ethereum..

Then you can attack those wallets directly using an efficient method of brute forcing elliptic key cryptography which reduces the security of a 256 bit ECC to one equivalent to a 128 bit key.

In security, your system is only as strong as its weakest part, but of course, your seed list can map to dozens of wallets. If you most of your funds in a non-ECC 256 bit wallet, then those are protected to 256 bits standard.

However..

128 bits is more than enough.

It's still 3.4 * 10^38

It's still not crackable with anything we have today. All the math above is on the same scale as far as we are concerned.

An analogy would be.

128 bits is like the size of our sun.

We can crack grains of rice with our current hardware.

128 bits is the sun.

Here's a size chart of the sun and earth - https://dq0hsqwjhea1.cloudfront.net/Sun-Earth_br-267x190.jpg

Now imagine a grain of rice next to it.

256 bits

256 bits is like the UY Scuti. That's the biggest known star in the universe.

Here's the sun vs it - https://www.secretsofuniverse.in/wp-content/uploads/2020/03/UY-Scuti-vs-The-Sun-1024x538.png

So does it really matter which we use, if we can only crack a grain of rice?

And UY Scuti is 1700 or so times bigger than the sun.

256 bits is not twice as big as 128 bits.

Doubling the exponent does not double the result.

2^2 is 4

2^4 is 16

double 4 is 8

256 bits is 340 000 000 000 000 000 000 000 000 000 000 000 000 times bigger than 128bits

 

[gentzalli]

What people are talking about here is that a 256 bit seed list wallet "effectively" is like a 128 bit because people can skip trying to crack the seed list wallet, and go directly after a bitcoin private wallet, or an etherium private wallet.

It's important to remember(jesus I sound like chatgpt, but this is how I talk lol)..

The seed list "wallet" is not really a wallet. We call it that out of convenience. It's more like one of those man-bags that can contain all your wallets, if you're a weirdo with multiple wallets..

Here's how it works

It uses something called "hierarchical deterministic wallets". Cryptographic functions are applied to the seed list and this allows us to produce "virtually" unlimited numbers of private keys, ie, wallets.


Although they both appear to be private keys within cryptography, and they are in my understanding both just cryptographic private keys. Where the semantic difference lies is a 'wallet' is something related to the blockchain.

So we get this:

Wallet implies private key

but

private key does not imply wallet.

Now, the 24 word seed list is still 256 bits. It's not equivalent to a 12 word seed list.

Strictly speaking.

But, if that seed list, cryptographically maps to wallets that are encrypted with elliptic curve cryptography. Which is not all of them, but includes bitcoin and ethereum..

Then you can attack those wallets directly using an efficient method of brute forcing elliptic key cryptography which reduces the security of a 256 bit ECC to one equivalent to a 128 bit key.

In security, your system is only as strong as its weakest part, but of course, your seed list can map to dozens of wallets. If you most of your funds in a non-ECC 256 bit wallet, then those are protected to 256 bits standard.

However..

128 bits is more than enough.

It's still 3.4 * 10^38

It's still not crackable with anything we have today. All the math above is on the same scale as far as we are concerned.

An analogy would be.

128 bits is like the size of our sun.

We can crack grains of rice with our current hardware.

128 bits is the sun.

Here's a size chart of the sun and earth - https://dq0hsqwjhea1.cloudfront.net/Sun-Earth_br-267x190.jpg

Now imagine a grain of rice next to it.

256 bits

256 bits is like the UY Scuti. That's the biggest known star in the universe.

Here's the sun vs it - https://www.secretsofuniverse.in/wp-content/uploads/2020/03/UY-Scuti-vs-The-Sun-1024x538.png

So does it really matter which we use, if we can only crack a grain of rice?

And UY Scuti is 1700 or so times bigger than the sun.

256 bits is not twice as big as 128 bits.

Doubling the exponent does not double the result.

2^2 is 4

2^4 is 16

double 4 is 8

256 bits is 340 000 000 000 000 000 000 000 000 000 000 000 000 times bigger than 128bits

I see, thanks for taking the time to explain this.

I've been doing more research on this and supposedly the most efficient way for attackers to gain access to wallets is by going directly after your private keys and not guessing seed phrases just like you said (which is still highly inefficient).

As far as this:

If you most of your funds in a non-ECC 256 bit wallet, then those are protected to 256 bits standard.

which non-ECC 256 bit wallets can we use for bitcoin? I've tried doing a google search but haven't found anything with that search query

 

[NioFrees]

Please only serious answers, thanks

Bro 217 Bitcoin??? ur best bet is to buy a private island, fake ur own death, and go chill lol.

 

[splishsplash]

I see, thanks for taking the time to explain this.

I've been doing more research on this and supposedly the most efficient way for attackers to gain access to wallets is by going directly after your private keys and not guessing seed phrases just like you said (which is still highly inefficient).

As far as this:



which non-ECC 256 bit wallets can we use for bitcoin? I've tried doing a google search but haven't found anything with that search query

No attacker is going to crack a wallet though. Don't worry about it

No one has cracked any crypto wallets.

I've done math above, but this is also a good post - https://stackoverflow.com/questions/4376751/is-it-possible-to-break-a-128-bit-key

This guy calculated that with the entire bitcoin mining system in 2017 it would take 2.1e12 years to brute force a 128 bit key.

That's if you had the ENTIRE BITCOIN NETWORK brute forcing a single 128 bit key.

 

[Mrnewbie]

The OP has requested that the thread be locked.