If anyone asks you how secured is Bitcoin? Show them this…

🟠 The math and security of Bitcoin explained in 2 mins and 26 secs 💪

24 thoughts on “If anyone asks you how secured is Bitcoin? Show them this…”

  1. This video got more and more confusing. “kilogoogle” “imagine 4 billion copies of this galaxy”

    edit: it just took me 2 seconds to find this explanation online (on Quora):

    The Bitcoin private key is a 256-bit number, which means there are 2^256 possible combinations. This number is so large that it is considered practically impossible to guess a private key by brute force methods.

    To put it into perspective, even if you had a computer that could generate a billion keys per second, it would still take approximately 3.671 x 10^57 years to guess a single private key.

  7. There’s a non zero chance that quantuum computers can break this in the future.

  9. Its kinda secure, unless you look at the fact that china have contributed 63% of total btc hashrate the last 5 years and if one bad entity finds a security glitch in their firewalls they can 51% attack the chain and rewrite the code, ledger, or just destroy it. Its not as decentralized and secure as people believe.

  11. Is this guessing a seed phrase ooor what? I understand the analogy but not what it represents.

  13. For most addresses there is only 160 bits of security, since they use RIPEMD160 digest algorithm. There’s no need to guess the (almost) 256 bit private key, the only check is if the hash of public key matches, and it only has 2^160 possible outputs. Of course it’s still secure enough.

  14. It would be nice if Bitcoin (or any other thing) would indeed just be ‘secured’ through a single fact, I agree.

    However, software bugs, malicious actors, hardware bugs, buggy exchanges, human factors and even typing mistakes showed us in the past that there’s more to keep in mind when considering digital currencies. 😉

  15. .. and this isn’t even the USP of Bitcoin. our daily centralized bank transactions are secured with SHA256 (sometimes even higher).

    my android phone can encrypt my disk using SHA256. such is the ubiquity of SHA256.

    thus, people saying quantum computing may break bitcoin – when we cross that bridge, we’ll have much bigger problems to deal with it.

  19. My friend hacked one bitcoin once the hash was poop123. Not everyone is safe and can afford this kind of cryptography. Stay safe everyone

    bitcoinguru #2fa #life

  21. Let me build out this program so my Grandkids,

    Grandkids, grandkids, grandkids, grandkids, grandkids…
    Grandkids, grandkids, grandkids, grandkids, grandkids…
    Grandkids, grandkids, grandkids, grandkids, grandkids…
    Grandkids, grandkids, grandkids, grandkids, grandkids…
    Grandkids, grandkids, grandkids, grandkids, grandkids…
    Grandkids, grandkids, grandkids, grandkids, grandkids…
    Grandkids, grandkids, grandkids, grandkids, grandkids…
    Grandkids, grandkids, grandkids, grandkids, grandkids…
    Grandkids, grandkids, grandkids, grandkids, grandkids…
    Grandkids, grandkids, grandkids, grandkids, grandkids…
    Grandkids, grandkids, grandkids, grandkids, grandkids…
    Grandkids, grandkids, grandkids, grandkids, grandkids…
    Grandkids, grandkids, grandkids, grandkids, grandkids…
    Grandkids, grandkids, grandkids, grandkids, grandkids…
    Grandkids, grandkids, grandkids, grandkids, grandkids…
    Grandkids, grandkids, grandkids, grandkids, grandkids…
    Grandkids, grandkids, grandkids, grandkids, grandkids…
    Grandkids, grandkids, grandkids, grandkids, grandkids… will have a shot at BTC wealth!

  23. I’m hearing that eventually quantum computers will get to this point substantially quicker than it would seem. Dont quote me on that and I may just be making it up but I feel like I read it somewhere.

Comments are closed.