Possibilty of Bitcoin Secret Key Collision?

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  • deonbell
    Confirmed User
    • Sep 2015
    • 1045
    #1

    Possibilty of Bitcoin Secret Key Collision?

    Possibilty of Bitcoin Secret Key Collision?

    Could something like quantum computing destroy virtual currencies by brute forcing bitcoin secret keys?

    There was an SHA-1 collision created recently.

    AIDS
    Tags: None
    • Smack dat
      So Fucking Banned
      • Jul 2016
      • 4613
      #2
      Maybe in the next 20 years it may be possible using quantum computing but I think the source code will be added to and improved over time.

        Comment

        • BSleazy
          Confirmed User
          • Aug 2002
          • 6721
          #3
          Not that I know anything about that stuff but I read that article about SHA-1 collision and I think they had the power of Google to do the computing.
          icq 156131086

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            • rowan
              Too lazy to set a custom title
              • Mar 2002
              • 17393
              #4
              It's only a matter of time. Newer versions of Bitcoin will probably offer re-keying of your addresses with a newer and more secure hash algorithm, but there could be some problems with "dark" funds, such as those held by Satoshi, or largely ignored "long term" paper wallets.

              I imagine there's at least some computing power trying to crack Satoshi's keys right now.

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