The Bitcoin Security Threats NO ONE IS TALKING ABOUT!



heyyo good evening viewers of the tube I'm your host Tyler and get ready to question everything you have ever known about Bitcoin as today we are going deep down the rabbit hole and just like Alice you're going to land in Wonderland because it's time for Chico crypto the security of Bitcoin is rarely questioned as is backed by the most powerful computing network in the world warding off any proof-of-work attacks and advanced cryptography protects users addresses and funds from hackers although should we be questioning bitcoins overall security in my opinion yes as we should always be questioning learning and understanding all aspects because if you're like me and Bitcoin and crypto is your life I don't want to become complacent so today let's dig down deep and discuss a few things that might just make you question the security of BTC the first thing I would like to discuss is a distributed effort like a Bitcoin mining pool trying to solve a block and be rewarded with BTC called the large Bitcoin Collider it is a network of computers pulling their computing resources together not to secure the Bitcoin network but attempting to crack one of bitcoins cryptographic algorithms for creating wallet addresses it is doing this by attempting to find a private key collision against wallets with known Bitcoin funds in it the project has been running for a couple of years now and is currently generating over four hundred thirty six million keys per second or thirty seven point seven one trillion keys per day since the launch over thirty seven thousand eight hundred and forty seven trillion total keys have been generated so has anything been found actually yes in total the project has cracked three addresses with minimal amounts of funds on them as well as 27 other keys which are for puzzle addresses that are suspected to have been generated as easy bait for crackers basically like a treasure hunt cracking wallets is just one part of the lbc mission the other is to find a genuine cryptographic collision which would mean it's possible to generate inputs that when put through the Bitcoin address hashing algorithm generate an identical pair of outputs if this ever were to happen that coin would have to use a new cryptographic algorithm for addresses and this could happen people as back in February of 2017 Google shocked the cryptographic world when they created a genuine collision in the sha-1 algorithm shattering its security and ending its usefulness for good this brute-force attempt as it stands doesn't necessarily pose a threat to Bitcoin but as more computers dedicate resources to the project and cracking techniques improve bitcoins encryption technology might need to evolve when sha-1 first came out everyone believed it was uncrackable the next thing I would like to bring up is a bit of a stretch but if this is true the ramification for Bitcoin security would be utterly shattered worse than finding a collision with LBC last year in June on Bitcoin block number 520 8249 something strange happened a block hash came up that had certain traits about it that made the probability of it showing up very unlikely here is the hash now nothing super special upon first glance but when you look closer you see 21800 and this through the crypto world into a frenzy as many people were calling it a vanity hash deliberately created by a miner with the encoded message this was supposedly significant because of the 21 standing for 21 million Bitcoin the total supply and e8 standing for the e8 theory or the theory of everything and zero zero standing for the two extra zeros Satoshi put in the Genesis block which I will explain the importance of in a bit first the e8 theory this attempts to explain all known fundamental interaction in physics describing how the combined structure and dynamics of all gravitational and standard model particle fields are part of the e8 lie algebra and structure something we can't fully visualize but in a 3d model the structure would look something like this the theory was published in 2007 by theoretical physicist Anthony Garrett Lisi just one year before the release of the Bitcoin white paper and it would explain many mysteries in the universe like quantum janek's now the numbers were eventually crushed on the odds of getting that hash was 21 e 8 0 0 and with the difficulty of the block at the time there would be a point 4 6 chance that it would show up by random chance possible but not very likely now some people say the 21800 was a message from Satoshi still out there using advanced technology to communicate with the Bitcoin community and like I said this actually ties into the mystery of the Genesis block because of how the block was created here is the hash for the Genesis block as we can see it has 10 leading zeros as we can see the next block 1 has only eight leading zeros this is important because the zeroes relate to the difficulty in mining the more means the more difficult it is the target block at the time was much lower to mine yet Satoshi mined with a higher difficulty including two extra zeros you would have to think he did this on purpose according to the hashing stats of normal computers and CPUs used to mine during that time a single CPU would have about a 17 percent chance of solving the block in six days however according to the script signature it only took the miner who solved the Genesis block about 4.2 minutes to sign the block now either Satoshi had a supercomputer back then or he just got extremely extremely lucky with a single CPU but the chances of that are very very slim just like the 21800 hash is this chance or something more on the day of the 21800 hash I actually made a video about it and there was a website that gained some popularity 21:08 comm if you went to the website it had an orange 3d image of the e8 structure with a Bitcoin symbol smack dab in the middle of it kind of freaky but now if you go to the web page it just has a countdown timer with 168 days left what day is that that is January 3rd the same days Satoshi mined the Genesis block and the Bitcoin network came into existence what is going to happen on that day will it be Satoshi's return I don't know about that but there is a possibility that this is also the work of someone we know of and they say their current building a quantum computer based on Bitcoin their name is Andrew De Santis and they have been creating d OS a project shrouded in mystery De Santis is a software engineer former co-owner of the Bitcoin magazine in a active contributor to Bitcoin code now the details of his project have never been fully revealed but if we go to the website do s org only thing that pops up is the orange v8 structure like the one on 21:08 comm and some white blocks with certain ones blocked out could that countdown timer be the release date of the OS from De Santis and does he possibly already have quantum technology to produce the hash 21800 plausible although many people criticize DeSantis as being a loony and even schizo and the likelihood of him having the technology is pretty much zero but like I said we always have to keep questioning and understanding that there might be a possibility that Bitcoin could change in the blink of an eye one thing for sure is I know I'll be keeping an eye out for January 3rd 2020 cheers viewers I'll see you next time you

36 Comments

  1. Chico Crypto said:

    โฐ Time Stamps โฐ

    00:08 Introduction

    00:25 Bitcoin Security Is Rarely Questioned. Should We?

    00:59 The Distributed Effort: The Large Bitcoin Collider

    01:41 Has The LBC Cracked Any Bitcoin Wallets?

    01:59 Their End Goal Of Finding A Genuine Private Key Collision

    02:53 The 21e800 Bitcoin Hash

    03:55 What is The e8 Theory?

    04:29 The Chances of Getting That Hash

    04:54 How This Ties Into Satoshi's Genesis Block

    05:44 Did Satoshi Have Quantum Computing?

    06:00 21e8.com?

    06:37 Andrew DeSantis & deOS

    07:14 Does He Have Quantum Tech or Just A Looney?

    ๐Ÿ’ฅBuy A Ledger & Keep Your Crypto Safe๐Ÿ’ฅ

    https://www.ledger.com/products/ledger-nano-s?r=c56a&tracker=MY_TRACKER

    ๐Ÿ”ฅJoin The Chat On Telegram ๐Ÿ”ฅ https://t.me/chicocrypto1

    ๐Ÿ‘‰๐ŸปFollow Me On Twitter https://goo.gl/gmsDXa

    ๐Ÿ‘Œ๐Ÿ‘ŒSubscribe to The Chico Channel–https://www.youtube.com/channel/UCHop-jpf-huVT1IYw79ymPw?sub_confirmation=1

    July 19, 2019
    Reply
  2. nelson carreiro said:

    thats why Digibyte has 5 algos and the new algo is asic resistance "odocrypt"

    July 19, 2019
    Reply
  3. Brian White said:

    Chico your Underrated!

    July 19, 2019
    Reply
  4. stevein Uk said:

    Enjoyed this mate thanks

    July 19, 2019
    Reply
  5. Mac Mac said:

    Excellent!

    July 19, 2019
    Reply
  6. Danny L said:

    98% of all addresses have less than 1 btc so the addresses they are finding with balances are in the mean. What is weird is the fact that this can be done at all. Its supposed to take longer than the age of the known universe to crack a btc key.

    July 19, 2019
    Reply
  7. Mat Palmen said:

    Satoshi is out there – this is proof or at least a bread crumb

    July 19, 2019
    Reply
  8. ION Community said:

    Great Research Tyler!!!

    July 19, 2019
    Reply
  9. iera said:

    This video deserves a longer breakdown step by step, like what the fuck did I just watch?

    July 19, 2019
    Reply
  10. Jayton M said:

    Thanks good info ๐Ÿ‘

    July 19, 2019
    Reply
  11. iera said:

    Thank you for this video, a lot to think about and learn

    July 19, 2019
    Reply
  12. Adam Roberts said:

    Great video.. I has never heard about this and found it very interesting.

    July 19, 2019
    Reply
  13. Robert Davis said:

    That older video of you…WTF..great info!

    July 19, 2019
    Reply
  14. easemailbox said:

    That was awesome. Thanks a heap.

    July 19, 2019
    Reply
  15. K H said:

    Nice vid ๐Ÿ‘๐Ÿป

    July 19, 2019
    Reply
  16. nappiral said:

    Interesting stuff – thanks

    July 19, 2019
    Reply
  17. Ronnie Boy Ibalarrosa said:

    damn! im shooked

    July 19, 2019
    Reply
  18. Digital Nomad Investor said:

    China can disrupt/shut down the majority of miners. So, a total shut down of BTC is possible.

    July 19, 2019
    Reply
  19. Iiiffftje said:

    MONERO 888

    July 19, 2019
    Reply
  20. Thiago Soares Felgueiras said:

    Tyler! you are the shit man!

    July 19, 2019
    Reply
  21. S Bell said:

    Bravo. This is a very informative episode.

    July 19, 2019
    Reply
  22. Reggie Pantig said:

    We know quantum computers emerge when the security of Bitcoin strengthens as compared today.

    July 19, 2019
    Reply
  23. Taib Elhousni said:

    Thanks chico

    July 19, 2019
    Reply
  24. Ex Vandalz said:

    Isn't Jan. 3rd "the day of epiphany"?. Deos=God
    Like "The wonderful wizard De OS"?

    July 19, 2019
    Reply
  25. Vishnu R said:

    Hey Chico I dont know if you've made an update on you VeChain scam videos but I'm interested to know if your opinion has changed in 2019 because it seems like the BMW partnership is legit + walmart. Could you please comment on this as I am currently invested and your video has me concerned. Much appreciated

    July 19, 2019
    Reply
  26. 10 Very Intelligent Levels said:

    If they can use an algorithm to transform 12 word seed into a single character then they will save a lot of storage space. This can be done by applying a pictogram for each word in a seed phrase and merging those pictograms into a single character. This would be the most efficient way to store all the seeds they generate. They can then attach an alerter system to know when a keys connected to a seed has BTC transferred to it.

    July 19, 2019
    Reply
  27. Lelly Flawless said:

    hands down, best crypto youtuber by far, thanks for your deep inights..

    July 19, 2019
    Reply
  28. r_ d_ said:

    Bitcoin will fall. It is a matter of months.

    People who bought in on last bull run at around 14k up will never get their money back!

    Just think about it.

    This is your last chance people.

    Peak will be at around 11,5k and then we are going to witness the greatest fall of all time in the recent market history.

    Tell me who is going to buy btc at 40k??? Are you serious, who is willing to pay hard worked money for those bunch of crooks who pumps and dumps as they pleased???

    Be awake and think about it for at least a second.

    It will fall.

    That is not me scaring you, thats me giving you reliable advice.

    Get out before it is too late.

    July 19, 2019
    Reply
  29. Nealaka said:

    Call is conspiracy or bullshit whatever you wanna call. This guy is onto something ๐Ÿ˜‰

    July 19, 2019
    Reply
  30. Valter Zikovic said:

    Chico, great video. I appreciate your effort. Very informative. I follow Bitcoin blockchain from the day one. I beluve I can tell you Satoshi never had any super computer. That was a naive, simple idea to code something new. And he did it. I believe also that he did resolve many more blocks in 6 days, ( 100's even 1000's), and than backdated them to January 03rd /2009, not only one. I also believe there is someone in deep secrecy using super computers to crack dawn the Satoshi's key's and we all know who have those supercomputer's power. That would cost a billions of$. In my opinion at that time no way in our universe any one could predict that number 21e8 00 at that block. Only if AI did took over already. Than applies to me all bitcoin blockchain is done by AI not humans. There is a strange future ahead of us. I'm huge supporter of bitcoin and believe the technology is competing with itself. Cheers Chico.

    July 19, 2019
    Reply
  31. J R said:

    Although I have a couple of BTC, it is not the future, just a store fo value. XRP is the new bridging world currency, buy some of that.

    July 19, 2019
    Reply
  32. Tanec Tanec said:

    Bro that's some sick research.

    July 19, 2019
    Reply
  33. Let ฬs Fix It said:

    good info thx

    July 19, 2019
    Reply
  34. Baby Boomer Crypto said:

    Great video and info. Keep up the great work

    July 19, 2019
    Reply
  35. TheAstrius said:

    I don't know what deOS is but I mean if hes smart and talented enough its feasible he purchased and uses a 15 million dollar Quantum computer, but DeSantis is known for making far out claims. 21e800 was mined by BTC . TOP there are around 16 other blocks with that number starting in zeroes its rare but it looks like it shows up every one in 65,000 blocks.ย 
    But Google and the collider worry me a bit, mainly just Google worries me I feel like the technology will create security for colliders I think its actually good to deal with it now.

    July 19, 2019
    Reply
  36. Woo Cash said:

    Very interesting, thanks for the video, much better then the other shitcoin shill. I watched this one twice as I found it so interesting! I still think CW was a key player in BTC creation, maybe not the inventor himself but a team leader of the team that did. His past connection to the government makes me think that he is still connected and his claim that btc will fail due to some internal flaw is a thing to worry about. If the government cracks BTC encryption and makes btc fail, it will put an end to all crypto (present and future) and the USD will stand unchallenged which is what the USA gov. wants.

    July 19, 2019
    Reply

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