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RE: Has Poloniex lost their access to their cold storage wallet? How You can join our testing!

in #poloniex • 7 years ago

So you can really loose crypto currency when you forget your keys, like burning cash? Or is it possible to brute force attack the wallet?

7 years ago in #poloniex by
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     7 years ago  

    Oh, absolutely. Keeping your keys safe is vital to reaching your assets. The point in cryptocurrency is that you are your own back, and with that comes absolute responsibility to safeguard your own bank and making sure you keep your access to it.

    Depending on the ways you've set up your keys, passwords etc it may be possible to brute force. But if used with recommended settings and password lengths it would be a very long job depending on the power you can brute force it.

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     7 years ago  

    Thanks, I was worried for those poor bitshares being lonely! ;)

    The problem with bruteforce cracking of keys is that they are so random no? You have to test if you have cracked it :D

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