Bitcoin Forum
August 18, 2018, 08:04:56 PM *
News: Latest stable version of Bitcoin Core: 0.16.2  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: [2017-04-20] BTCManager Speaks to the Head of the Large Bitcoin Collider Project  (Read 199 times)
BTCManagerOfficial
Full Member
***
Offline Offline

Activity: 210
Merit: 100


View Profile
April 20, 2017, 12:45:16 PM
 #1

The Large Bitcoin Collider (LBC) tries to break Bitcoin addresses through a brute force attack. In the few past weeks, the project announced their first success. Is Bitcoin no longer secure? Is their cryptographic core broken? Rico, the head of the LBC, explains in detail, what is happening...

Read more Here:

https://btcmanager.com/nobody-knows-some-do-say-because-they-are-horrified-by-the-alternative/

Follow BTCManager for the Latest on FinTech, Blockchain, and Bitcoin!
1534622696
Hero Member
*
Offline Offline

Posts: 1534622696

View Profile Personal Message (Offline)

Ignore
1534622696
Reply with quote  #2

1534622696
Report to moderator
1534622696
Hero Member
*
Offline Offline

Posts: 1534622696

View Profile Personal Message (Offline)

Ignore
1534622696
Reply with quote  #2

1534622696
Report to moderator
BOUNTY PORTALS
BLOG
WHERE BOUNTY MANAGEMENT
MEETS AUTOMATION
SIGNATURE CAMPAIGNS
TWITTER
FACEBOOK
MEDIA CAMPAIGNS
AND MORE!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1534622696
Hero Member
*
Offline Offline

Posts: 1534622696

View Profile Personal Message (Offline)

Ignore
1534622696
Reply with quote  #2

1534622696
Report to moderator
TraderTimm
Legendary
*
Offline Offline

Activity: 2282
Merit: 1057



View Profile
April 20, 2017, 02:11:43 PM
 #2

Oh good, another article on this wallet thief.

They already know that statistically trawling the address keyspace is a wasted effort, but they keep doing it because in their words "it nets more money than mining". The TRUE reason they're doing it is to crack crappy wallets (the puzzle addresses), and they've already stolen the funds from a number of those due to a shitty design.

LBC claims to be doing this for research, but they're really out for the money and after they've taken all the easy stuff, they'll probably stop bothering since the law of numbers precludes any real profit after that.

This guy also has a remote-code exploit in his client, so it may be setting up people to panic and try it out, only to have their BTC stolen at a later date.

Do NOT trust this software, and do NOT run it on your machine.

fortitudinem multis - catenum regit omnia
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!