Quote from: christian07 on June 01, 2019, 10:44:03 PM

Activate 2fa so you are the one who can open your wallet here in crypto

Then to avoid hack or scam use trusted already like we have different wallets here without accusation

Another thing cryptocurrency create for saving money in our own place and without regulator like this is run for long like that

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

Quote from: cytpoway121 on June 01, 2019, 11:20:04 PM

Quote from: jjjfff on June 01, 2019, 03:54:01 PM

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 is very much harder to generate 12 correlating words to get a random account
Thats why its safe and secure using such paper wallet

And the opportunity to stumble on an existing wallet is 1 in a billion

1 in a billion can be tested in a few seconds

Quote from: Godstrength on June 02, 2019, 01:56:34 AM

Quote from: jjjfff on June 01, 2019, 03:54:01 PM

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?

Yeah, the odds are crazy and almost impossible to break. Some of the comments here do have a point but as someone who's holding a lot of their savings in 1 wallet, you will always have these thinking that its still possible for someone to do it. Hardware wallets, I would say, are the best thing you can have to get the utmost security you want for your coins. Mine has 2-f authentication to complete before you make any transaction and can store collectibles, just for fun! It's not really that bad to invest around 90~100USD for a wallet that can help you have an ease of mind.

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.

Quote from: bolshojkush on June 02, 2019, 03:50:29 AM

Theoretically, if there is a specific list of words from which the recovery phrase is formed, you can try to hack. But I think that the list is randomly updated with new words and therefore no chance.

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.

Quote from: Pffrt on June 02, 2019, 03:58:30 AM

You think you are clever, if it was truely possible and worth the time you must have to spend to find out the correct seed, a lot of people would do it before you. Bruteforce doesn't work that much of easy.

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

Quote from: mr_random on June 02, 2019, 05:31:09 AM

I never thought about writing random seed words to the Bitcoin wallet but it is almost impossible to guess the right combination. In my opinion, you can use the most commonly used word list for having a stroke of better luck. Only luck can help if you want to find a BTC on random wallets.

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

Quote from: wesk1212 on June 02, 2019, 08:08:39 AM

purely theoretically, any wallet can be hacked into the matter in that you need to know which wallet to break and you need to understand that it will take a lot of time.

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?