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Questions tagged [security]

This tag should be used for questions regarding security issues with the design or implementation of Bitcoin and related cryptocurrencies.

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36 views

BTC on blockchain

I see my Wallet address on the Blockchain but it says spent and what does that mean? It did not arrive to the wallet i sent it too! I need it to be located and returned or sent to the wallet i gave.
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2answers
285 views

Should I be using the “encrypt wallet” feature in Bitcoin Core?

All my wallet.dats have no password. However, the internal hard disk where the "live" one is located is encrypted, and so are the offline storage devices where I have my "cold" ...
3
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2answers
978 views

How to verify the Bitcoin core software?

I just installed Bitcoin core (v0.15.1) for the first time. I've read that it's best to verify the software after downloading, but I don't see the links that are referred to in the instructions/videos....
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0answers
17 views

Number of nodes in PBFT protocol [closed]

If there are atmost 10 malicious nodes in blockchain can exist at any time. The PBFT protocol requires 3f + 1 nodes to tolerate up to f malicious nodes, the admin A wants to have exactly 31 nodes in ...
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1answer
56 views

Will the Bitcoin Network Security decrease after the last Bitcoin was mined?

As far as I understand Bitcoin mining the block reward consists of newly emitted and transaction fees. However, this new emission will disappear in the future and there will be only be the transaction ...
4
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1answer
107 views

When you make a Bitcoin transaction, can the receiving person (and the world?) really see how much coins you have in the entire wallet?

I really hope that I've got this horribly wrong, but I have to ask... I have this idea, which I base on comments and explanations I've heard over the years, that when you make a Bitcoin transaction, ...
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1answer
63 views

Multisig Setup - Pruned Bitcoin Core on Computer vs. Dedicated Hardware

Are there security implications of running a pruned Bitcoin Core node on a personal computer vs. a full Bitcoin Core node on a dedicated hardware device (i.e. Raspberry Pie with Umbrel, myNode, nodl, ...
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1answer
43 views

Process to get started with bitcoin for beginners [duplicate]

I'm new to all the crypto stuff, and I spent some time reading about it to get familiar with it, and now I'd like to start the experience, though I'd first like to have some feedback about whether I ...
3
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2answers
69 views

Can ACINQ (Phoenix wallet peer) steal my funds during a recovery?

Phoenix wallet is a unique Lightning wallet in that, among other things, it allows the user to restore channels by simply entering their seed. According to ACINQ's blogpost, this is how they achieve ...
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0answers
15 views

Which app generates stronger mnemonic seed?

Mnemonic phrase, mnemonic seed, or seed phrase are defined as a secret group of words that represent a wallet. When used in sequence they allow access to the cryptocurrencies stored within. “Mnemonic” ...
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3answers
10k views

What are the advantages and disadvantages of 24/7 Bitcoin trading?

What are the advantages and disadvantages of 24/7 Bitcoin trading over traditional stock market which operates only 6 - 8 hours a day and 5 days a week? Any threats?
2
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1answer
1k views

How can bitcoins be stolen?

I read about Mt. Gox and how 850,000 bitcoins has been "stolen" from it. I do not understand how someone can steal bitcoins: if MtGox has bitcoins, and MrThief wants to use this bitcoins, then MrThief ...
5
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2answers
392 views

What exactly is “privatekeys.pw”?

Today, I stumbled upon this bizarre website: https://privatekeys.pw/ Bitcoin Private Keys Directory The FAQ makes no sense at all and doesn't explain what it is about whatsoever. What could they be ...
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0answers
26 views

How can I be sure that anyone (i.e miner) will not change outputs from transaction? [duplicate]

I am wondering if ie. miner cannot change outputs from transaction. We have example of transaction: { "version": 1, "locktime": 0, "vin": [ { "txid": &...
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5answers
25k views

Why was the target block time chosen to be 10 minutes?

According to the wiki, 10 minutes was chosen as a 'tradeoff'. Why ten minutes specifically? It is a tradeoff chosen by Satoshi between propagation time of new blocks in large networks and the amount ...
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2answers
165 views

Would an optimization proof-of-work problem where the entity with the lowest hash wins have any security weakness or other disadvantage?

I am wondering if there would be any security deficiencies if cryptocurrencies such as Bitcoin were to change their proof-of-work problems to optimization contests. For example, suppose Bitcoin were ...
0
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1answer
92 views

Can an attacker flood the Bitcoin network with fake transactions?

We are in 2050. People show an ever-growing distrust in the global banking system and start transitioning to only using Bitcoin: most companies accept it as a form of payment, and people settle their ...
15
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6answers
6k views

How can government “seize” bitcoins?

Last year the U.S. Department of Justice posted this press release claiming U.S. "law enforcement seized several thousand Bitcoins on November 3, 2020." How is it possible for anyone to &...
0
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1answer
40 views

is wallet vulnerable when unlocked for transactions?

is wallet vulnerable when unlocked for transactions?.I recovered a wallet some time ago and all is good.passphrase key all looks good.But a question came to my mind about the moment we make a ...
0
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2answers
68 views

Is brute forcing a private key with unspent coins getting easier?

Is the likelihood of correctly guessing a private key with unspent coins increasing due to: More addresses being used resulting in more private keys with unspent coins (i.e. higher chance that a ...
0
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1answer
57 views

Orderly Transition Away from ECC? Or Bitcoin to zero?

Let's say asymmetric public key cryptography is wide open, and can be broken using a public key or the signature. Namely, that I can determine the private key using the information revealed in a ...
0
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1answer
56 views

If Cryptocurrency offers anonymity, why is it considered by forensic professionals to be the best currency for fighting illicit transactions?

A paper by titled An Analysis of Bitcoin’s Use in Illicit Finance discusses how Cryptocurrency is considered by forensic professionals to be the best currency for fighting illicit transactions. In ...
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2answers
5k views

Private key to mnemonic words, is it safe?

Is it safe to do the following? Suppose I do not want the HD wallet, but I do want the convenience of using mnemonic words to remember the private key. I know I can convert the private key's hex ...
0
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1answer
28 views

Did pools verify constantly the ouput of createrawtransaction when they build their coinbase transaction?

Pools creates their own coinbase transaction to pay their selves, and they begin the PoW by hashing different Headers, what prevent a hacker from changing the createrawtransaction with different ...
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1answer
309 views

Does pruning affect a node's security or consensus ability?

An SPV node certainly is a compromise of security because the full set of consensus rules are not verified by the node (for example block size or subsidy rules). A pruned node seems like a win-win, ...
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2answers
2k views

Is there something about Bitcoin that prevents us from implementing the same privacy protocols of Monero and Zcash?

Certain coins like Monero and Zcash implement privacy protocols that make it nearly impossible to trace origin and destination of transactions - making them completely anonymous. I'm curious as to why ...
7
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1answer
1k views

Should I be worried that bitcoincore.org now suddenly only provides an “unsigned” Bitcoin Core installer?

My security script for downloading and verifying new versions of Bitcoin Core barked at me the other day, when the new v0.21.1 was released. (Which still is nowhere to be found on bitcoin.org, BTW.) ...
4
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5answers
584 views

How does one checks which customer made a payment?

One question I'm not able to properly answer when asked is How exactly can the blockchain verify the identity of the user without a centralized trusted party such as VeriSign? I know this is done ...
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2answers
9k views
0
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1answer
36 views

Newbie question about the security of mixing

If I am running my own node, and using a mixer to anonymize my BTC, will it not be connected anyway because the transactions are to/from my own node? I mean I am sending the BTC to the mixer from my ...
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1answer
36 views

Multisig Wallet Setup - Security Tradeoffs With Pruned Bitcoin Core Node?

What are the security tradeoffs of running a pruned Bitcoin Core node for a multisig wallet, such as Specter? It seems that using a multisig wallet with a pruned Bitcoin Core node could be a good ...
4
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1answer
90 views

How do exchanges automate transfer of Bitcoin from a cold storage wallet?

Most exchanges use Cold Storage to store the bulk (approx. 95%) of their user assets. Only a relatively small amount (approx. 5%) of funds are held in their Hot Wallet. My question is, what process is ...
1
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1answer
5k views

Help me understand Instawallet better to trust it more!

I have read the FAQ. I like the idea it's only a link, I don't need it to be more complicated than necessary. For me it doesn't matter to store a generated difficult password for an account or only a ...
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0answers
48 views

Secure Bitcoin Core [duplicate]

For example, take two PC (online, offline) with the last Bitcoin Core. Online PC has only public keys and the updated blockchain. It will use to watching for balance and create and send transactions. ...
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1answer
42 views

How do nodes contribute to security when the power comes from mining and what is the chain of transaction validation?

Blockchain security comes from the decentralisation of hashing power by miners. They append transactions to a block, perform PoW and add them to the blockchain when that validate blocks. How do nodes ...
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3answers
3k views

Is bitcoin.org or bitcoincore.org the one to trust?

"Download Bitcoin Core": https://bitcoin.org/en/download "Download Bitcoin Core": https://bitcoincore.org/en/download/ I've been alternating between the two sites for years. I have ...
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1answer
89 views

Why do people claim that governments cannot confiscate Bitcoins?

Let's say that I practice impeccable data security processes using dedicated devices, encryption, and no clear-text backups. Even if they cannot find all of my backups, this doesn't protect me from ...
2
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3answers
182 views

Energy cost of bitcoin vs physical currency?

The bitcoin mining infrastructure uses a certain amount of energy and processing power to operate. The resource usage is often cited as part of arguments critical of bitcoin. But relatively speaking ...
2
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1answer
165 views

Lightning network hub security?

Reading the whitepaper, I came across a point: nodes wishing to act as effective intermediaries, 'hubs' or not, need high availability and need to operate autonomously. This means they must have ...
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0answers
28 views

Why bother with 'account' in derivation path?

After lots of wallet testing, I'm thinking that only account level 0 should be used. Especially, when you consider restoring a wallet from the seed phrase. m / purpose' / coin_type' / account' / ...
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2answers
43 views

Storing private keys in cloud providers enviroment variables

Is it ok to store private keys in cloud provider (such as AWS, Firebase) secrets (enviroment variables) in cloud functions (such as lambdas or firebase cloud functions)? I understand I would be ...
0
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1answer
55 views

How to verify Wrapped Bitcoin (WBTC) issuance

I'm trying to understand how Wrapped Bitcoin (WBTC) issuance can be verified. The WBTC custodian, BitGo, published the following material: https://wbtc.network/dashboard/audit This is a list of ...
4
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5answers
474 views

Store Bitcoins offline

I have some bitcoins and ether at Blockchain.info and I am really scared of losing them. How do I best secure them? Right now I have a paper with the code to restore my wallet, but my coins are still ...
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1answer
61 views

Changing bitcoin core password

Let's say I have 5 copies of my .dat file on individual flash drives. I download the blockchain and run a full node and have the core wallet. I copy my .dat file into bitcoin core. I type in the old ...
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1answer
30 views

Are there any privacy benefits in using a separate wallet in Bitcoin Core to separate myself from my service?

I currently run Bitcoin Core with the following wallets loaded in: hot.dat. Contains the smallest possible sum of Bitcoin. Unencrypted and used by myself for various personal Bitcoin purchases, and I ...
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0answers
46 views

How many hops does Coinbase and other exchanges track your movement of BTC when it leaves their exchanges?

I've read reports of Coinbase users getting an email stating that they detected their Bitcoins being moved to an unapproved exchange or site after removing their bitcoins off of the exchange. What is ...
1
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1answer
57 views

Is it actually possible to secure your coins while also allowing access to “near and dear” when you die?

I have my wallet.dat files encrypted, stored on a computer which in turn is encrypted. All storage devices where the files are backed up to are also encrypted. I strongly doubt that any human could ...
2
votes
2answers
383 views

Are DAG-based crypto currencies as secure as proof-of-work based blockchains?

A key feature of blockchain based cryptocurrencies is that they provide inherently secure systems that don't rely on third parties. The newer DAG-based cryptos like Byteball are being touted as ...
0
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1answer
68 views

Address reuse, cold storage and private keys [duplicate]

I was going through some old posts regarding address reuse and came across a few remarks I wasn't aware of, and want to make sure I understood correctly. I knew address reuse wasn't the best for ...
5
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1answer
206 views

Lightning Network: asymmetry in the information tracked by each participant?

In following paper, written by Christian Decker et al., there is a paragraph that is not clear to me. eltoo: A Simple Layer2 Protocol for Bitcoin "The central idea of Lightning is to invalidate ...

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