Satoshi Nakamoto supposedly mined millions of bitcoins in the beginning. Perhaps worth over a billion dollars now?
Hypothetically, how could someone access those bitcoins? What would someone need in order to access them?
Obviously I know this is impossible to do, but I'm interested in this from a merely theoretical perspective. We know the wallet address that has all those bitcoins.
Without the wallet.dat file, what else is needed to access them? Is the PRIVKEY enough?
>>56419025
To own the bitcoins stored on an address, you need to know the private key. Simple. If the private key exists, you have to steal it. If the private key has been destroyed, the only ways to obtain those bitcoins is to hack every computer running bitcoin and edit the blockchain copy, or you have to break the cryptography involved in the system. Both ways you would destroy the currency and the amount you steal would be worthless. Not to mention that it's fucking impossible.
>>56419101
So the value of any cryptocurrency becomes zero the moment someone finds some kind of glaring vulnerability?
>>56419117
Who would share goods and service using a kind of money that everyone can steal?
>>56419025
>>56419101
It's not impossible and a private key isn't "destroyed" just unknown.
Just start with a initial private key value.
If the corresponding public key has any BTC then you've done well otherwise add 1 to your private key and keep repeat.
>>56419140
Good luck bruteforcing. See ya next millennium.
>>56419117
It might be feasible to freeze the block-chain from just before the first known break and swap-out the broken part
>>56419025
You could devalue those coins by buying & selling coins at a price relative to their difficulty, since they'll all be relatively easy level ones
>>56419151
next millenium his >descendants will be rich while >yours will suck their dicks
>>56419117
Are you retarded?
Please reconsider the concept of value, specially attached to a currency.