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/biz/ - Business & Finance

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1717298 No.1717298 [Reply] [Original]

Is it safe to keep 124,956 BTC ($114,198,073 USD) in one Bitcoin address?

>> No.1717299
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1717299

pic related, why would anyone do this?

>> No.1717300

>>1717299
This is morbid and should be considered nsfw

>> No.1717302

>>1717300

The last ins and outs were very recently so it is clear they're not lost coins. But isn't this a big security risk?

>> No.1717304

>>1717302
That's exactly what I mean. Not the amount in Bitcoin, the fact it's all in one place

>> No.1717305

It is not safe to keep any Bitcoin

Too volatile

Meme backstabbing 24/7

>> No.1717319
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1717319

I love how im part of the 5%.
I realize lots of people spread their btc over multiple wallets, but still, my wallet is in the top 5%
>>1717298
Owning the biggest wallet is probably really good for self esteem, its a power thing

>> No.1717327
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1717327

>>1717319
Do you own a fast car and have a short stature as well?

>> No.1717358
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1717358

>>1717305
>he doesn't like memeposting

BTC threads are the only reason I come to /biz/

>> No.1717396

>>1717319
>fuck Fiat, fuck the 1%!
>happily enters into Buttcoin, with an even bigger 1%

Coiners folk - absolute retards!

>> No.1717398

>>1717396
"Fuck the 1% unless I'm part of it" isn't all that hard to understand to be honest.

>> No.1717411

>>1717298
From a privacy standpoint, no.

From a security standpoint, it doesn't matter.

>> No.1717579

>>1717299
Pffft just 114 millions, Markus Persson has 2484 millions and there are others with trillions of euros and dollars.

>> No.1717634

>>1717299
so if this dude wanted to cash out his stack of btc could he dump it all in one go? how long would it take to get all that money out?

>> No.1717696

>>1717634
I too am interested in this. What about taxes?

>> No.1717702

>>1717298
>You now realize those who were around at the time that meme pic was made would be millionaires by now had they not choked and panic sold

>> No.1717710

please die

>> No.1717719

>>1717319
>Bitcoin
>Not a pyramid scheme

Kek

>> No.1717813

>>1717719
> any government
> not a pyramid scheme

Kek

>> No.1717826

>>1717299
Yea, how long would it take to cash that all out? How would you even do that?

>> No.1717827

Doesn't the CIA now own a bunch of coins they sized from silk road?

>> No.1717832

>>1717827
that would be the fbi. and they are just sitting on it.

i have no doubt the cia has much bitcoins and not afraid to use it either tho. but you would never know about it.

>> No.1717849
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1717849

Markets reopen tomorrow (Monday morning) - Will bitcoins surge or plunge?

>PLACE YOUR BETS

>> No.1718255

>>1717634
>>1717696
Also interested in this.

>> No.1718318

>>1717827
>>1717832

It's pretty amazing if it's true. U.S. Gov holding Bitcoin. That's good news for coiners. #1 country in the world holds Btc

>> No.1718357
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1718357

>>1717849
you realize the crypto market never closes right

>> No.1719532

Bump

>> No.1719692

>>1719532

I've done some googling and a private key has never been brute forced. You'd need an estimated 165 billion years right now to crack a private key.

Say someone managed to crack the number 1 address, I think it would kill Bitcoin because coins would not be safe anymore.

>> No.1719704

>>1719692
165 billion years is the time it would take to try all the combinations, right?
What if someone gets lucky and gets it right away? Extremely improbable, but not completely impossible.
And that's not even the way people steal Bitcoins, as there are much easier and effective ways.

Also, why did you post this as a response to my post?

>> No.1719846

>>1718318
well they confiscated it but i wonder what that means. did they actually transfer it into their own wallet or just confiscated the wallets?

there is a world of difference between the two.

>> No.1719858

>>1719692
Could you split the 165 billion years across multiple workloads? Like is that one computer at work or our current best botnet working on it?

>2 computers = 82.5 billion
>4 computers = 41.25 billion
>...
>137,438,953,472 computers = 1.2 years

Oh... Nevermind. Did the math and answered my own question but figured I'd post results

>> No.1719914

>>1719704

It's possible just improbable.

>>1719858

Cool. Here's the thread I read btw, I was wrong about 165 billion years.

http://bitcoin.stackexchange.com/questions/2847/how-long-would-it-take-a-large-computer-to-crack-a-private-key

It's 0.65 billion billion years.

>> No.1719931

>>1717579
Nobody has a billion dollars in cash.

>> No.1721163

>>1719931
Buffett probably does.

>> No.1721348

>>1719931
saddam did

>> No.1721472
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1721472

>>1719931
apple does