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Author Topic: Selling Bitcoins for PayPal  (Read 889 times)
tysat
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September 02, 2013, 05:24:57 PM
 #21

Paypal is quick and easy, I was buying because I needed btc, I'm selling because i want to build up trust. I know that as of now it's impossible to crack a bitcoin wallet password, however no body knows what the future holds in that aspect.

Hence me saying before that you should read into bitcoin some more.  If people can crack private keys from just addresses then the entire system is broken.

Okay legit didn't know this. So people CAN steal crack private keys just from addresses?

No, they can't.  If that was possible then bitcoin would not work.
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September 02, 2013, 05:31:30 PM
 #22

Paypal is quick and easy, I was buying because I needed btc, I'm selling because i want to build up trust. I know that as of now it's impossible to crack a bitcoin wallet password, however no body knows what the future holds in that aspect.

Hence me saying before that you should read into bitcoin some more.  If people can crack private keys from just addresses then the entire system is broken.

Okay legit didn't know this. So people CAN steal crack private keys just from addresses?

No, they can't.  If that was possible then bitcoin would not work.

Well that's what I am saying, as of now no one can crack it but in the future we may be able to crack it. I know it was designed to be uncrackable but so was everything else before it was cracked.
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September 02, 2013, 05:32:51 PM
 #23

Well that's what I am saying, as of now no one can crack it but in the future we may be able to crack it. I know it was designed to be uncrackable but so was everything else before it was cracked.

If they can crack it in the future then bitcoin is dead and it doesn't matter... or we'll be using a new algorithm that can't be cracked and it'll be fine.
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September 02, 2013, 05:34:01 PM
 #24

Well that's what I am saying, as of now no one can crack it but in the future we may be able to crack it. I know it was designed to be uncrackable but so was everything else before it was cracked.


Do you realize that if it will become crackable, which is unlikely, it does not matter at all because your btc will be worth nothing?
Addresses are only used to receive btc, not to send them.



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BTC4PAL
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September 02, 2013, 05:43:03 PM
 #25

Well that's what I am saying, as of now no one can crack it but in the future we may be able to crack it. I know it was designed to be uncrackable but so was everything else before it was cracked.

If they can crack it in the future then bitcoin is dead and it doesn't matter... or we'll be using a new algorithm that can't be cracked and it'll be fine.

What if in the future a group of people are able to crack the passwords. They steal a few accounts empty the btc and never say anything. We get a few cases of "my BTC are gone", no body knows what happened to it. The hackers then sell that btc. No one knows so BTC is still valuable in the eyes of everyone but that group of people. I know I'm over thinking it but it could happen and I really don't want to lose my BTC.
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September 02, 2013, 07:03:27 PM
 #26

If anyone is still interested me and monbux never completed the trade because he bought from some one else.
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