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You’re expected to hand over as many of your passwords as possible, and explain how you generate them. The company then attempts to use variants of your passwor
by mypastself 5y ago
You’re expected to hand over as many of your passwords as possible, and explain how you generate them. The company then attempts to use variants of your passwords, by changing capital letters and numbers.
They claim they’re making decent profits and have a 27% success rate. Good for them and their clients if true, but a lot of the early adopters who would require their services would presumably be tech-savvy enough to have tried some of their techniques themselves and be skeptical when expected to have “100% trust in the process”.
So I doubt we’re getting a thriving cryptocurrency recovery cottage industry any time soon.
- bbarnett 5y agoIt has been long enough, that spouses discover their partner's wallets upon their death, that children a parent's. In these contexts, there may be no tech savviness..
- mypastself 5y agoGiven that their approach to recovery includes extensive collaboration with the owner, i.e. the individual who created the password, I doubt those types of scenarios would apply.
- bbarnett 5y agoThe original owner gone, close relatives often have some inkling of account passwords. They also know best how the original owner thought. A lot of people have passed on, leaving crypto behind! A non-tech savvy sort, often has zero clue about brute-forcing, and may seek a "reputable" source of assistance.
- mypastself 5y agoI concede it is possible. I just don’t think it would be a sustainable business model. Maybe if you get one really big catch…
- bbarnett 5y agoI do wonder about the overall sustainability...
- Tenoke 5y agoI am tech-savvy enough to have ran hashcat and everything else in attempts to unlock my Ethereum pre-sale wallet yet I still contacted someone with decent recovery rate to try it, too in the end (they also failed) under similar conditions. It's not that rare but my impression is that there's only occasional work.
- mypastself 5y agoThat’s fair. I’m wondering if the team you contacted had the same approach, i.e. required you to provide your other passwords and reasoning behind them.
- Tenoke 5y agoYes that and more. Thankfully I have long ago changed how I generate passwords so there weren't drawbacks for me.
- mypastself 5y agoI know I’d still be reluctant to give those kinds of details, but that makes sense. Hope you end up recovering your coins… or at least getting over it.