encryption - How do I unlock, decrypt, Bitcoin wallet ...
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
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.
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. "
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
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)
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:
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 "
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 ... Decrypt Season 2020. Our periodical research publication, Bitcoin Suisse Decrypt, offers insights into current market conditions as well as the fundamentals of cryptocurrencies. 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 ... 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 ...
How to find the private key of an imported Bitcoin address ...
Coin Decrypt does not offer investment advice. This is an educational channel for infotainment purposes, only. Cryptocurrency, cybersecurity, and technology ... Join us as we decrypt Bitcoin, from its enigmatic beginnings in late 2008 to a look at its promising future. We’ll also explore the breakthrough technology underneath it—”the blockchain ... This video is about cracking of BIP38 Encrypted Bitcoins Private Keys. The cracking speed depends on system CPU. (Here used is i5-7200U. This is a step by step guide to using the Bitcoin wallet client. How to download it. How to Encrypt is and protect your Bitcoin. How to back up your wallet a... This is part 4 of the Blockchain tutorial explaining what cryptograhy is and also what encrypt and decrypt means. In this video series different topics will ...