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South Park
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October 02, 2019, 03:33:02 PM
 #101

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?


You will definitely get bored in the process. I am trying to imagine how much time you will spend on it, because the swords are not actually arranged or explained in a particular manner.
I have not also seen anyone come out to say that he was able to do it successfully.
It is not about boredom but about how much resources you will have to spend on something that has no guaranteed reward, if anyone tried to do this he will find a bunch of wallets that have never been used and even if he finds a wallet with some bitcoin in it there is no guarantee that it will have a lot of money, when you take that into account it is better to just not waste your time and money on this, if you think about it this is just a form of gambling except that it is not exciting or fun.
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October 02, 2019, 03:34:13 PM
 #102

If someone could crack passphrase with that kind of procedure then that kind of security features will no longer be used for crypto wallets, but as far as i know I haven’t heard someone who’s wallet has been compromised using that method. Its just don’t work that way.

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October 03, 2019, 01:37:05 PM
 #103

I think its not possible. Its 12 word and in a random structure. It will take millions millions of combination to find those out. And it will take a very huge time for only one wallet. I don't think thats worthy .

 
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October 03, 2019, 01:57:31 PM
 #104

That's not possible until now I still have not been able to successfully trace 12 words in a wallet containing millions, people would think it is difficult and has not been solved by anyone so it will not be possible.

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October 03, 2019, 02:10:08 PM
 #105

With the current technology, no, it ain't possible. There's just so many combinations and the processing power isn't enough to do it in reasonable number of years.

With the supercomputers that some companies are rumored to make, who knows? That's why the rumor of google's new quantum computer dumped BTC price a while back.  Grin
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October 03, 2019, 02:23:04 PM
 #106

It's very impossible for it to ever work. Even though you mistakenly get the passphrase correctly (practically impossible), how about the order of arrangement? It's actually never worth trying.

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October 03, 2019, 02:31:58 PM
 #107

Billions of possible combination is the problem. I have seen a website with already generated all public keys with appropriate private keys. But the chance that you find an account with BTCs is close to zero.

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October 03, 2019, 02:37:59 PM
 #108

It's very impossible for it to ever work. Even though you mistakenly get the passphrase correctly (practically impossible), how about the order of arrangement? It's actually never worth trying.
if you use a quantum computer, then I think it will be possible to pick up a private key. but it will be in the future. and it is dangerous for the market

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October 03, 2019, 02:40:03 PM
 #109

That's not possible until now I still have not been able to successfully trace 12 words in a wallet containing millions, people would think it is difficult and has not been solved by anyone so it will not be possible.
OP should try this at least one day. So he will know how defficult it is to find a wallet that have balance  Grin.
You are able to open many wallet but the problem is if the wallet has a balance. The chances to luckly have one is very little.

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October 03, 2019, 03:06:04 PM
 #110

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?


It totally impossible I guess. There are billions or even trillion word combinations in a passphrase. If it does possible probably in the future through usage of powerful computer but for now out current technology isn't capable to do that. Besides, this word in a passphrase might be encrypt first before saving to a drive. Another case is that even if you does able to hack a single wallet there's no guarantee that wallet account will have a worth of million balance.

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October 03, 2019, 11:57:05 PM
 #111

This is the first time am hearing such, but thinking about it, it is practically impossible else many wallets would have been compromised. Come to think of it, how long do you think it can take generating those words? I have seen backup phrase whose words kinda looks different, so in such case how can you generate other words.of such wallets. I think the algorithm for these wallets are built in such a way that no one can guess the words which makes it difficult to access any wallet without the right words. If this is actually possible, many people would have gotten involved as scammers are always hunting.

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October 04, 2019, 12:22:42 AM
 #112

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?


Its impossible to hack a wallet just to out random words , it will take millions of pattern words to hacked a certain wallet. Even  a good hacker will surely be difgicult to input phrases just to hack a wallet. And if a wallet is secured it cannot be hacked by any hackers. It is actually if you input phrases it must be in oderly pattern.

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October 04, 2019, 04:30:19 PM
 #113

Yes. Everything in life is based on odds. There are also the odds that you can be struck by lighting coming out of your house into the garden. There are odds that aliens exist, that god exists, there are odds for absolutely anything. This is how video games work. They use the dungeons and dragons system to work the odds for all actions taken in-game. So if you to throw a ball at a tiny target very far away, you definitely will eventually hit it just like you will eventually do anything.

What you need to do is work out if the odds are in your favour or not. So yes you can hack any wallet just like you can be struck by lightning in your own home. Just like you will eventually do anything if you try enough times. This is what all the talk of quantum computing is all about.

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October 05, 2019, 09:46:49 AM
 #114

Everything can be hacked, you own computer, mobile device, even your coffeemaker if it is smart and has access to the internet, so if you are wondering if it is possible to hack an crypto wallet, just look at amount of  "my eth hacked" alike posts on this forum.

"It is possible to hack devices that are constantly connected to the Internet." Here you are completely right-everything can be hacked. However, there are secure cold wallets that do not have a permanent connection to the Internet and they can be fully considered secure.such wallets can be considered Ledger and Trezor.
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October 05, 2019, 01:04:04 PM
 #115

it was very difficult, I thought, because if breaking into it was that easy there would be many cases of hacking wallets everywhere.
which is where we know the number is very small.
usually the wallet of the person who was hacked because they visited the phishing website, or clicked on a link that makes their website hacked.
and for a hacked exchange they might just be lucky
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October 05, 2019, 09:27:50 PM
 #116

Even a quantum computer will need a fairly large amount of time. But at the same time, it is not yet created. So what you're talking about is almost impossible. But the likelihood this of course there is.

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October 05, 2019, 09:32:45 PM
 #117

The probability is, you just need to store funds on hardware wallets Trezor and the like. and Yes you need to put two-factor authentication, then you can not think that your password will be hacked. naturally, it is not necessary to store tokens on myetherwallet wallets, security is low there and there is no two-factor authentication.
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October 05, 2019, 11:42:48 PM
 #118

you better mine with the power you'll use to generate infinite wallets and check their balances with a script
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October 06, 2019, 03:58:54 AM
 #119

Yes. Everything in life is based on odds. There are also the odds that you can be struck by lighting coming out of your house into the garden. There are odds that aliens exist, that god exists, there are odds for absolutely anything. This is how video games work. They use the dungeons and dragons system to work the odds for all actions taken in-game. So if you to throw a ball at a tiny target very far away, you definitely will eventually hit it just like you will eventually do anything.

What you need to do is work out if the odds are in your favour or not. So yes you can hack any wallet just like you can be struck by lightning in your own home. Just like you will eventually do anything if you try enough times. This is what all the talk of quantum computing is all about.
People can mannipulate the price of Bitcoin if there is a lot of money in their capital.

 
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October 06, 2019, 08:24:13 PM
 #120

With current techniques, it is impossible to violate a wallet. When this happens, it is because the owner has not taken the most basic security measures.
Then, who knows, maybe in the future the so-called "quantum computers" will change the rules.
But for now you can be sure.

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