BitPLATES - Bitcoin Backup on Nostr: Yes, but for how long? The note was posted for illustrating the exponential increase ...
Yes, but for how long?
The note was posted for illustrating the exponential increase of security from 12 to 24 seed words.
The beauty of the Bitcoin difficulty adjustment is that it increased as hashpower increases... currently about 350 Exahashes per second.
How long before a supercluster of ASICs is powerful enough to brute-force open a wallet with just 12 seed words?
10 years? 50 years? 100+ years? Who knows?
The note was posted for illustrating the exponential increase of security from 12 to 24 seed words.
The beauty of the Bitcoin difficulty adjustment is that it increased as hashpower increases... currently about 350 Exahashes per second.
How long before a supercluster of ASICs is powerful enough to brute-force open a wallet with just 12 seed words?
10 years? 50 years? 100+ years? Who knows?