Quote from: fosco333 on June 04, 2019, 02:54:03 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?

If it was hackable, there would be many wallets hacked already with this method.
I am very sure that there are some peoples keep brute forcing wallet private key or seed phrase currently.
But none of them hacked, that means it is nearly impossible to hacking wallet with brute force.

In my opinion, it is an immoral thing to hack wallets for benefits. It is steeling peoples money which has severe penalty in different jurisdictions so in case you are caught, you will have to pay for it. But it is something that could also be taken care of and could be saved from hacking if an exchange on which you have your HOT Wallet has some good security.