Post
Topic
Board Beginners & Help
Re: BTC wallets security
by
Zoomic
on 06/07/2024, 13:54:53 UTC
Hi,
I've seen on Telegram during last weeks around 3 old (like 10y old with no activity) wallets selling their btc.
What are the chances that these wallets are actually broken by bruteforce? I know there were discussions some years ago about people that were trying to crack the private keys.
What do you think guys? Can such successful act would mean the end of btc era?

regards
The coins in that wallet can only be stolen if the owner of such wallet misplaced his private keys. Those wallets and the coins in them could actually belong to the original owners who might have decided to buy some bitcoins and hold for that long. This could explain why their are no activities recorded on that wallet.  Anything aside this reason I stated above could mean the private keys has been misplaced by the original owner. Cracking a private key is not easy and can be very difficult to achieve, it is only a hacker who has access to your wallet and private details that can crack your private keys easily.

The security of you bitcoins depends solely on how you manage your wallet, if you are careless with it, you will lose your coins and this will not in anyway lead to an end to the BTC era.