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RE: Can Bitcoin Be Hacked?

in #bitcoin8 years ago

Anything can be hacked. The question is how long would it take and how many resources would be required to do it? I've seen estimates it would take longer than the sun will last to crack one private key.

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I have seen a few private keys get dumped on several black hat website. According to some senior members, it is dependent on how long the password is. Not sure how true that is

If you have a really old key from before some security updates and reuse the same receiving address over and over it's possible. Some people don't even encrypt their wallet in the first place which isn't very bright.

Or some people (noobs) who use "password" as their actual password.

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