The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label bitcoin wallet. Show all posts
Showing posts with label bitcoin wallet. Show all posts

Monday, June 19, 2017

Bitcoin advocates warn cryptocurrency owners to have their Bitcoins in their wallets and out of exchanges before Aug. 1

The battle over a soft or hard fork for Bitcoin may be coming to a head as early as Aug. 1, and Bitcoin advocates are warning owners of the cryptocurrency to have them out of Bitcoin exchanges before that date and downloaded onto their Bitcoin wallets to protect them from any loss or confusion should the expected change occur.

As of now a solution known as the user-activated soft fork (UASF) is expected to go live on Aug.1, but it is not without risk, especially if your Bitcoins are stored on an exchange where in the past segregation of ownership has been dicey at best.

A new initiative designed to help Bitcoin users with the upcoming fork advises them to maintain 100 percent control of their Bitcoin, rather than keeping it in exchanges. 
The reality is clear - most Bitcoin blocks hit the block size limit of 1 MB and are plagued by fees and slowdowns. The solution, though, is still up in the air as debate rages about how change should happen. 
One solution, the user-activated soft fork (UASF) is scheduled to go live on August 1, while another competing group has threatened to split the chain if that occurs.
1August.org claims to be a neutral third party designed to help users understand and navigate the upcoming fork, and how to best protect their Bitcoin. Because a fork would create duplication, the best solution for users is to be able to transact on both chains, should a fork occur. 
At this time, they are advising that users maintain 100 percent control of their Bitcoin, rather than keeping it in exchanges such as Coinbase or Bittrex. The only way to completely control Bitcoin is to be in control of your private keys on either a wallet application or a paper wallet. - Coin Telegraph

Sunday, April 16, 2017

Cyber hacker group going after Bitcoin wallets to break their encryption and steal currencies

Over the past right years there have been a number of cyber hackers who have either sought to provide whistleblowers a way to disseminate information, or even worse, to hack into any number of monetary and banking systems in order to steal large sums of money.

In the sovereign world the biggest case of cyber-theft came when hackers broke into the SWIFT system and stole nearly $100 million from the Indonesian government.

But a new cyber group is going after a different type of game, and the now stated goal of the aptly named, Large Bitcoin Collider, is to blitz the encryption of digital Bitcoin wallets to break their 'impenetrable security' in order to steal any digital currency kept in those wallets.

Image result for bitcoin wallets can be hacked
A group called the "Large Bitcoin Collider" claims it can smash open bitcoin wallets by using a so-called brute force attack, which directs mass amounts of computer power at individual wallets in order to guess their private keys. 
The project, which has been underway for months, relies on a distributed network of computers (similar to bitcoin itself), and invites anyone to participate—those who do could potentially share in the proceeds of the wallets cracked open. 
A "trophy list" on the home page of Collider (an apparent reference to the Hadron Collider) suggests the group has successfully opened over a dozen wallets, though only three had any bitcoin in them. It's unclear if the group is motivated by financial gain or the cryptographic challenge of smashing wallets—the answer is probably both based on the site's webpage and outside observers. - Fortune
On the surface this hacker group appears to be less interested in money, and more interested in causing havok for individuals who believe their Bitcoin is secure in an online wallet.  And since anything online can eventually be hacked by someone with enough time, tools, and skill, the answer to this is to take your Bitcoin wallet offline, and keep your currency stored in a more secure 'Paper wallet'.