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Bitcoin Forum / Re: Lost, Forgotten Bitcoin. How many are there?
« on: April 18, 2024, 09:00:54 PM »down the road a new harder to crack blockchain wallet may be needed.
this is why I feel the old frozen wallets may be transferred out of their stale easier to crack wallets.
It is possible that what you say happens, but it is something that I have already contemplated in my previous posts. When I say that technology (old and new) works in both directions, I mean precisely what you say about the new wallets. I know there is more computing power available every day to crack codes and algorithms, but that same computing power can be used to protect software, and make it more secure against new attacks and tools.
Bitcoin developers are aware of new advances, so I believe that when the time comes there will be new wallets with greater protection against these possible (and still distant) attacks. I don't think we should worry about AI or quantum computing when we talk about Bitcoin and cryptocurrencies. I think it would be better to worry about the security with which we take care of our wallets as users to avoid problems and possible theft of our funds.