Search results for Schnorr
Crypto
Can guessing 24 words steal Satoshi\'s bitcoin? Experts say it would take 13.8 billion years
A claim spreading on X said bitcoin believed to be held by Satoshi Nakamoto could be stolen by correctly guessing a 24-word phrase. Researchers said the premise is unrealistic. Even with computing power generating 1 trillion combinations per second, it would take about 13.8 billion years to find a specific 24-word seed phrase with a 50 percent chance. They also said Satoshi’s coins are spread across more than 22,000 older addresses, not a single seed-based wallet.
Crypto
Adam Back says Bitcoin must prepare quantum-resistant shift; Satoshi holdings could be estimated
Bitcoin could reveal how much bitcoin Satoshi Nakamoto can actually access if it shifts to a post-quantum system, a claim has emerged. Blockstream CEO Adam Back (아담 백) said the safest approach is to design an optional upgrade that allows a move to quantum-resistant cryptography if needed. That shift could help gauge the effective size of Satoshi-linked holdings. Separately, a proposal to restrict movement of quantum-vulnerable coins has drawn criticism as confiscatory.
Crypto
Samson Mow warns rushing Bitcoin quantum resistance could backfire
Bitcoin advocate and investor Samson Mow warned that rushing to make Bitcoin quantum-resistant could backfire. He said post-quantum signatures could be 10 to 125 times larger than current ECDSA and Schnorr signatures, potentially increasing transaction size and hurting network throughput. Mow also cautioned that moving too fast could introduce new security and operational risks, and raised concerns about reliability, including possible RNG backdoors. He urged fixing address-reuse practices first.
