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sourraspberry | 1 year ago

Isn't this a bit insane? Does this not imply the entire Bitcoin protocol is fundamentally flawed?

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loopdoend|1 year ago

No because it is not normal to have such low entropy for private keys. It wasn't designed with these puzzles in mind, nor should it be.

fernandopj|1 year ago

Your reply and Jerrrrrrry's closed this understanding for me.

The attack itself can't be mitigated because there's the incentive to try to force the blockchain with your own theft block because your fee is much higher for what appears to be the same transaction. But this attack, like you said, is only feasible for this niche domain of low entropy private keys.

Workaccount2|1 year ago

The bitcoin protocol isn't fundamentally flawed, but it is fundamentally outdated. If it wasn't for public bitcoin/crypto FOMO, bitcoin would have been deprecated years ago.