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How Chris Lost His Bitcoin & How You Can Avoid Doing The Same - June 2023 

aantonop
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Our friend, Chris, recently lost some bitcoin because they used a non-random seed (accidentally). Watch this video to understand what happened and avoid losing your bitcoin in the same way. FYI - Chris did give us permission to discuss this on the Q&A session and also to share it with the RU-vid audience. He is hoping that you won't make the same mistake he did.
COMMENT below and let us know what you think of the video. Post your follow-up questions there too!
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About aantonop: Andreas isn't promoting a company or an organization; he's paid by the community (people who support this work on Patreon and RU-vid) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved. Learn more at aantonop.com
From Andreas: You may already know that my mission is to educate as many people as possible about #Bitcoin and open blockchain technologies. Watching these videos and sharing them with others is a big part of that. Thank you for being part of this mission.
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6 авг 2023

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Комментарии : 110   
@gamanshoo
@gamanshoo Год назад
Great stuff. Thank you. You are one of those Bitcoin OGs that helped me TRULY UNDERSTAND Bitcoin as an ideal, not a “coin to trade to make some fiat”. 💪👏👍
@dipunm
@dipunm Год назад
Another mistake is trying to create your own "random" seed phrase. Even if you attempt to pick words or numbers at random from mind, you will pick items close to each other or in some sort of pattern. Our minds cannot do random. Use dice or a trustworthy hardware wallet.
@Criptonoticias
@Criptonoticias 11 месяцев назад
Thanks for sharing Mr. Antonopoulos! These are things we all need to know in order not to fall in these traps that look comfy, but end up being lethal.
@DucLu524
@DucLu524 11 месяцев назад
Thanks for your sharing!❤👍
@VicJang
@VicJang 9 месяцев назад
Thanks Andreas! The idea of a non-random seed phrase actually crossed my mind a couple of times but I never thought much or took action. Thanks for showing us why it's a terrible idea!
@ometaxas
@ometaxas Год назад
Very informative, thank you Andreas.
@adoptedbybitcoin
@adoptedbybitcoin 11 месяцев назад
Hi Andreas, what are your thoughts about looking at Bitcoin as the network and looking at sats as the currency? We are arriving to a point where its easier to talk in terms of sats imo
@DrinkElectrolytes
@DrinkElectrolytes Год назад
Thank you Andreas! I am a patreon sub (JCMO) but just wanted to thank you for putting this out there to the world as a PSA. You have the biggest heart of anyone I've ever encountered in this space.
@FBFJDKOEUEURJFJDJ
@FBFJDKOEUEURJFJDJ Год назад
Is his Patreon worth subscribing to?
@biohazel
@biohazel Год назад
Yes.@@FBFJDKOEUEURJFJDJ
@bolsaparaprincipiantes
@bolsaparaprincipiantes Год назад
Thank you, Andreas!
@holodeckdragon8876
@holodeckdragon8876 Год назад
always appreciated!
@roadrunner9622
@roadrunner9622 11 месяцев назад
I read about a guy who printed out a "paper wallet" on his home printer. Sometime later when his printer quit working, he threw it in the dumpster. Someone found it, plugged it in, read the memory buffer, and stole all his bitcoin.
@Vi3ioN_BTC
@Vi3ioN_BTC 2 месяца назад
omg that's horrible.
@prancer1803
@prancer1803 Месяц назад
@@Vi3ioN_BTC if and when you create a seed phrase randomly.... burn the extra copies of the phrase. a seed phrase never touches an internet connected device ever. Only a hardware wallet which is really a 'signing device'.
@TeamTable
@TeamTable Год назад
Thanks again for all these valuabel pieces of information! Take care! All will be good.
@AngusMurray
@AngusMurray Год назад
Fascinating
@Nick_Leo
@Nick_Leo 11 месяцев назад
What if you hand picked a very personalized seed phrase AND had a pass phrase as well?
@ianbaxter6278
@ianbaxter6278 11 месяцев назад
Adding a pass phrase would have like prevented him from losing funds, but it’s still not as good as a truly randomized seed phase.
@DukeFan99
@DukeFan99 Год назад
So educational!
@NoahDetweiler
@NoahDetweiler 11 месяцев назад
RIP Chris.
@ikust007
@ikust007 Год назад
More of you please ! Thank you
@gaeldesmontagnesnoires1711
@gaeldesmontagnesnoires1711 Год назад
Welcome brack fren..
@patrickshanghai2064
@patrickshanghai2064 Год назад
excellent and to the point.
@dgunn2817
@dgunn2817 Год назад
You don't put out hardly any content. You're one of the greatest thinkers in Bitcoin. You should put out way more content.
@fiatjoe2184
@fiatjoe2184 Год назад
He has hundreds of hours from 2014 to 2019. But wish he still more active.
@nick-oi1xf
@nick-oi1xf Год назад
He's a busy man these days
@marcusaureo
@marcusaureo Год назад
He's active on Patreon, as far as I understand
@NateB
@NateB Год назад
Have you considered that maybe one of the reasons he's one of the greatest thinkers in Bitcoin is because he has better things to do than babble on sOcIaL MeDiA for likes on a weekly basis?
@dgunn2817
@dgunn2817 Год назад
@@NateB since he already has hundreds of hours on his website, no.
@francisf00
@francisf00 2 месяца назад
If any of this occurs on a device that is linked to "someone" all the info involved is being mined and stored from their end. We can track it right, so that tracking data can be mined stored and viewed by all the companies that are already doing it with everything we've done on devices since they became personal.
@georgemcnaughton7839
@georgemcnaughton7839 Год назад
No ,Thank you
@zeddpilsner4
@zeddpilsner4 Год назад
Thank you for your videos Andreas. I occasionally read the r/cryptocurrency subreddit but it feels like there is so much misinformation and hype on certain topics that it makes me want to unsubscribe from that news source. When I hear you talking it's finally feels like an adult has entered the conversation.
@OceanSlim
@OceanSlim 11 месяцев назад
Digging the facial hair Andreas. Keep up the great work.
@cryptoinu
@cryptoinu Год назад
all your videos are informative...
@FareAlert
@FareAlert Год назад
Awful to hear about Chris. Awesome content A. Thanks!
@lucapeter379
@lucapeter379 Год назад
Thanks Andreas! :)
@alexsorov1958
@alexsorov1958 Год назад
Are ledger seeds safe how they are created and how can not be brekeable? They are words also cant be dictionary attack can be used?
@crunchybones2528
@crunchybones2528 Год назад
Ledger has closed-source software and cannot be trusted. The words simply correspond to binary, look at BIP-39 for a more full explanation. There are 2^160 possible wallet addresses, and 2^256 possible private keys. the best way to protect against this kind of attack would be creating a multi-sig wallet.
@JivanPal
@JivanPal Год назад
The dictionary is too large to brute force the seed space. The problem in the situations that Andreas is describing is that the dictionaries (and thus, the seed spaces/keyspaces) that the victims used were much too small.
@henryjohnson-ville3834
@henryjohnson-ville3834 11 месяцев назад
Impossible dude. Ledger has 24-words in their seed and will take years of computation to break ONE wallet. And imagine if that wallet was empty or had like $6.12 on it. 😂😂
@JivanPal
@JivanPal 11 месяцев назад
@@henryjohnson-ville3834 Your comment doesn't actually answer the question. It doesn't matter if you use 24 words if there are only a handful of possible choices for each word.
@henryjohnson-ville3834
@henryjohnson-ville3834 11 месяцев назад
@@JivanPal True but each word added adds so much more variations, lengthening the process to brute force.
@wesleyashley99
@wesleyashley99 Год назад
So if your key is generated from anything less than the full range of possibilities that is standard for a private key and truly random someone else may easily have access to your funds. I've been thinking much about this lately. Not sure I trust a hardware wallet generating my key. It may be open source but does that guarantee something else isn't secretly in there.
@heyRex
@heyRex Год назад
wow, good info
@Gkin2222
@Gkin2222 11 месяцев назад
Miss you bud!
@Ethan7s
@Ethan7s Год назад
So then the obvious question is how much computing power does it take to generate this for all possible public and private keys, and the amount of storage needed to put it into a database.
@CarlosGarcia-bj2py
@CarlosGarcia-bj2py Год назад
The private keys are 256 bits long, meaning there are more possible keys than atoms in the universe. If you select it randomly, no one is getting the same as you.
@wayne8797
@wayne8797 Год назад
I was contemplating this so I won’t forget my seed, but needless to say, it’s another dumb idea I can bin now.
@emilhristov2308
@emilhristov2308 Год назад
Wow Andreas logo now correspond not only on his top but also on his front 😅
@petrolo72
@petrolo72 11 месяцев назад
Wow you smart smart man
@emilhristov2308
@emilhristov2308 11 месяцев назад
@petrolo72 Andreas is … I’m just a joker 😊
@Spiralnebel_GB
@Spiralnebel_GB Год назад
But how about using one of those 12/24 same words seed phrase but combined with a strong pass phrase?
@spacepathfinder1
@spacepathfinder1 Год назад
Justuse BC vault wallet and problem with seed solved.
@LoneStarrDotXYZ
@LoneStarrDotXYZ Год назад
👍
@neilsimon6871
@neilsimon6871 Год назад
What cold storage wallet do you recommend in 2023?
@NateB
@NateB Год назад
ColdCard Mark 4
Год назад
twelve repeated 12 times is a valid mnemonic
@CYI3ERPUNK
@CYI3ERPUNK 11 месяцев назад
if u r lucky u can learn some of these lessons vicariously , but unfortunately many more are only able to learn these lessons the hard/expensive way , more still do not learn the lessons at all sadly , ironically enough , learning these lessons in the hard/expensive way can have the potential to be much more impactful , so take that for what it is XD =] ; GL everyone and stay safe
@volodymyrmoisiuk5614
@volodymyrmoisiuk5614 Год назад
What about adding passphrase?
@pluto9000
@pluto9000 Год назад
If you have all the words of the seed you have the private key.
@JivanPal
@JivanPal Год назад
​@@pluto9000They are talking about BIP-39 passphrases, a.k.a. "13th word" or "25th word".
@JivanPal
@JivanPal Год назад
@volodymyrmoisiuk5614 If the seed is trivially brute-forced, then you would be relying entirely on the security of the passphrase. If the passphrase is itself weak (meaning it has low entropy/security), then the passphrase itself can be brute-forced.
@wesleyashley99
@wesleyashley99 Год назад
The funds are on the block chain accessible to anyone who has the private key which is the seed phrase. The pass phrase only protects the device.
@JivanPal
@JivanPal Год назад
@@wesleyashley99 You are assuming that the OP is talking about a local device/wallet passphrase rather than a BIP-39 passphrase.
@RippDrive
@RippDrive Год назад
Sad we are still having these issues after all these years 😢
@infinitemonkey917
@infinitemonkey917 Год назад
These issues will exist as long as crypto does.
@prancer1803
@prancer1803 Месяц назад
@@infinitemonkey917 things will get better
@uncoolhodler
@uncoolhodler Год назад
My original Bitcoin mentor. 🙏 God bless you sir.
@fatgirlboy9341
@fatgirlboy9341 11 месяцев назад
why go through all the trouble to create a seed that ppl can guess
@Reedgains
@Reedgains Год назад
How do you feel about the new tech behind Tangem. Where you don’t even know your own seed.
@bilfy9202
@bilfy9202 Год назад
❤️❤️❤️
@TheLinuxYes
@TheLinuxYes 6 месяцев назад
Trezor or bust!! ((::
@Rusty-Metal
@Rusty-Metal 11 месяцев назад
Lost my bitcoin? No. I lost all my money on bitcoin.
@user-dc7cr3lj9h
@user-dc7cr3lj9h 11 месяцев назад
Deangelocrack
@user-dc7cr3lj9h
@user-dc7cr3lj9h 11 месяцев назад
E can assist you
@damagexxx
@damagexxx 11 месяцев назад
How about doing 1,000,000 times sha256 of a word as a private key? Would it be unsafe?🤔
@LoneStarrDotXYZ
@LoneStarrDotXYZ Год назад
@BrandonAbel01
@BrandonAbel01 11 месяцев назад
I don't understand this idea of a public ledger where it's even possible for thieves to get away with this. Can't we all see their address as well then watch any subsequent transfers?
@NiagaraBTC
@NiagaraBTC 11 месяцев назад
A thief would surely Coinjoin the bitcoin as soon as they could. If done properly, there would not be any way to trace the coins further.
@BrandonAbel01
@BrandonAbel01 11 месяцев назад
@@NiagaraBTC why does the technology for conjoin even exist? Sounds like the perfect tool for crime.
@Mstrofpup
@Mstrofpup 11 месяцев назад
@@BrandonAbel01 Because Bitcoin is a tool for liberty not safety.
@NiagaraBTC
@NiagaraBTC 11 месяцев назад
Well a coinjoin is really just a collaborative bitcoin transaction. "The technology" has to exist if bitcoin exists. Bitcoin isn't especially great for crime. The vast majority of crime is still committed using the US dollar and the fiat banking system. Why do cars exist? Think about how much harder it would be for bank robbers to get away if they had to just run. This is kind of like that. The benefits of Bitcoin for society are so great and outweigh the negatives.@@BrandonAbel01
@petrolo72
@petrolo72 11 месяцев назад
@@BrandonAbel01i believe it was primarily designed with big brother in mind.
@ratzefummel2676
@ratzefummel2676 Год назад
Sparrow wallet has the border-wallet feature. How secure is it? I'm not sure to trust this kind of seed phrases. 🙏 Thx
@mrvincefox
@mrvincefox Год назад
Chris was dumb, don't be like Chris. Be smart.
@Ethan7s
@Ethan7s Год назад
Chris should've used my suitcase's password, 12345.
@sidesw1pe
@sidesw1pe Год назад
And another thing to consider is that, Chris may not in fact be a generally dumb person, he might be quite smart, but for some reason he thought the idea of creating a simple seed phrase was a smart idea. Many people think their ideas are smart but are in actual fact dumb. It can be hard to know, until something happens to make you realise your idea is dumb. And you need to be open minded, to allow yourself the possibility that your idea might not be so good, otherwise you would fail to conclude it was really dumb. So don’t be arrogant, keep an open mind, don’t assume your idea is smart, do some research.
@LoneStarrDotXYZ
@LoneStarrDotXYZ Год назад
🖖
@NateWaldron
@NateWaldron Год назад
I lost 3 Bitcoin to Celsius. Hard way to learn not your keys not your coins.
@henryjohnson-ville3834
@henryjohnson-ville3834 11 месяцев назад
That's crazy! Sorry dude. I remember investing thousand buck-a-roos in some sh!t coin and regretting it. Comparing it to you is a drop in a pool.
@julianhops5217
@julianhops5217 Год назад
I like the outros done by your son
@thetribe5054
@thetribe5054 Год назад
What? Ive seen this video. Im having time travel memories. 😳
@Theo-mz2tl
@Theo-mz2tl Год назад
Chris sounds like a noob! I am not even that tech savvy and I know not to try to this
@ddljddlj704
@ddljddlj704 Год назад
Make a video what happens when blockrewaed cannot pay electric bills. Dont bs me with transaction fee pay miners.
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