if the Satoshi wallet is hacked or any other cryptocurrency becomes unnecessary and unsafe
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lesric
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Is it possible to hack Satoshi's wallets?
🔵 Satoshi has 1.1 million BTC on old addresses. These wallets use the same cryptography as all of Bitcoin: deriving the private key is impossible — you would have to try 2^256 options, which is physically unfeasible.
🔵 However, some early addresses of the old format have their public keys fully exposed on the blockchain. If a method to hack the signature ever emerges, it will be these early addresses that get hacked first.
🔵 About quantum computers: an algorithm theoretically capable of breaking such signatures exists. But it requires a quantum machine with thousands of stable qubits, which means millions physically. We are currently at an early stage. Realistic estimates are the late 2020s or 2030s, and even that is very optimistic.
🔵 If such a threat becomes real, not only Satoshi but all old addresses, reuse wallets, exchanges, and old multisigs will be at risk. The community will update the protection before a working attack appears.
🐦 Satoshi's wallets can only be hacked with the simultaneous emergence of super-quantum hardware and a complete lack of network updates.
🔵 Satoshi has 1.1 million BTC on old addresses. These wallets use the same cryptography as all of Bitcoin: deriving the private key is impossible — you would have to try 2^256 options, which is physically unfeasible.
🔵 However, some early addresses of the old format have their public keys fully exposed on the blockchain. If a method to hack the signature ever emerges, it will be these early addresses that get hacked first.
🔵 About quantum computers: an algorithm theoretically capable of breaking such signatures exists. But it requires a quantum machine with thousands of stable qubits, which means millions physically. We are currently at an early stage. Realistic estimates are the late 2020s or 2030s, and even that is very optimistic.
🔵 If such a threat becomes real, not only Satoshi but all old addresses, reuse wallets, exchanges, and old multisigs will be at risk. The community will update the protection before a working attack appears.
🐦 Satoshi's wallets can only be hacked with the simultaneous emergence of super-quantum hardware and a complete lack of network updates.
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