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Interesting. So as long as your wallet has only received Bitcoin, it's untouchable but the moment you transfer any of it, it's at risk of being emptied. The onl
by wildzzz 1y ago
Interesting. So as long as your wallet has only received Bitcoin, it's untouchable but the moment you transfer any of it, it's at risk of being emptied. The only way to protect any of the funds is to simply move it to another new wallet. We would be in a situation where any wallets (with known keys) can only be sold off in their entirety to prevent theft. However, who is going to want to buy any Bitcoin if the potential buyer's market decreases with each user exiting the market? The inherent value immediately drops to zero because each successive sale would be less than what it was purchased for. Kind of a Schrodinger's wallet, do you really own any Bitcoin if you can never withdraw from it?
- toenail 1y agoThe attack when sending a transaction has a time constraints. It will take many any years to go from being able to crack private keys in years/month to doing it in minutes.