The EU is reacting because they believe the ECB is the only entity allowed to print endless money to pump the markets.

Anyway Libra is Facebook's version of Paypal using blockchain and not a truly decentralized crypto.

I agree with this.

It's interesting to see the contrast between Satoshi's 8 pages where he revolutionized the world and 60 page whitepapers that copy and paste existing research into some technology that probably doesn't need blockchain at all.

Tether matches your description better than Bitcoin.

The vast majority of Bitcoin hashrate is in China right now.

These posts about the US Government miss the real threat.

Sure, I understand that.

I meant after the hack is done, how do we track where the stolen coins go? Is there a standard way to know "this address has funds that were stolen on mm/yyyy?

This is so unfortunate.

Is there somewhere we can blacklist Bitcoin addresses?

Is there a directory for this sort of thing?

McAfee brought lots of attention to cryptos, which is positive.

He's also running for POTUS just to bring publicity to cryptos.

Obviously it's in his own interest to, but it's also in our interest IMO.

Not taking sides here, just mentioning that the good he's done is probably bigger than his mistakes.

I think my DIM is lost. Honestly.

I wonder if anything got implemented at all in the DIM project.

How was it ever good? Honest question.

I bought DIM at ICO and I can't seem to see what's good about it.

Unfortunately if you lost the private keys the ETH is gone.

You can get your public address from the private key, but not the other way around.

My intention is also not to hack anyone. Just a curiosity.

One thing I saw a lot of people get wrong in this thread: wallets come with a predefined set of words. It's not random words from the dictionary. The words you can use are actually limited. Just look at the source code for popular wallets and you'll find a file like words.txt or something.  So you'd be choosing words from there, not from the universal dictionary.

Not hard hitting ATH when your "all time" is a few weeks.

That doesn't make sense. Native wallets have no 2FA.


1 in a billion can be tested in a few seconds


Hardware wallets use the same kind of keys as software wallets. If you stumble upon a key using software, then you don't need to access the hardware to get the funds out.


That's right. I was looking at the source code for a popular crypto and it's fixed list.

No you cannot change the words otherwise you'd break the previous existing wallets. The word list is static.


I don't think I'm clever, I'm asking a theoretical question.


Not Bitcoin, but others like Cardano. They use 12 words and the word list is fixed. I wonder how secure that is.


That's what I think too but doing it randomly maybe you'll stumble upon a billionaire wallet.... I wonder if anyone is doing this out there?

OK thanks for all the replies.

So I realize the combinations are absurdly large.

Theoretical question here: isn't every 12 word combination a valid wallet using the valid words?

By simply concatenating the words randomly I can create a wallet. Right? Wrong?

How would Bitcoin "die"

Only way is if someone finds a brutal software flaw that would destroy it. Otherwise there will always be some demand and therefore some price even if very low.

So there are 12 words chosen from thousands to recover any wallet.

If you iterate through random word combinations you will eventually generate a wallet that exists, correct?

I know the number of combinations is astronomical. But in theory if you keep generating random phrases, you might eventually stumble upon a wallet holding millions?

Thanks for the post, especially the time-separated TOC.

I would merit you if I had any sendable merit left 

Remember that any wallet that runs in the browser mus trust the javascript engine in it.

What this means is any program that accesses the JS engine can access your keys.

So spyware, other plugins and addons all can read your private keys when you use them in your browser.

I wouldn't use a browser for anything serious TBH

DOGE is only mined by Litecoin miners.

Nobody mines DOGE itself.

If anything happens, there are zero people mining DOGE so it's a big risk holding it IMO.

There's a reason why transactions are cheap: nobody uses it, nobody mines it.

Doge only survives because of LTC miners.

I see it the other way around.

BNB is way overhyped.

Therefore I present you...

Top 3 Reasons To DUMP Binance Coin (BNB)