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Proving cryptographic security by financial incentive seems to be the most useful aspect of blockchains.
by acchow 5y ago
Proving cryptographic security by financial incentive seems to be the most useful aspect of blockchains.
- quickthrower2 5y agoSomeone that can crack cryptocurrency needs to figure out how to extract value without spooking the entire market into collapsing. That is why I think they’ll put more effort into exploiting badly written smart contracts than the underlying blockchain. Ethereum projects get hacked every day, hackers make millions, but no one loses faith. More of a gravy train. Really you need someone with a mission to crack bitcoin, not someone looking just to make money.
- paulpauper 5y agojust break into a dormant wallet or multiple old wallets . you only need just a few thousand btc to be set for life and for it to be undetected. depends on what you mean by crack.