Let's pretend we are in 2050, and crypto has taken over as the new form of money worldwide. By then, every single person over the age of 18 has maybe 2 wallets, one for emergency savings and another like a checking type account for daily use. Similar to bank accounts today. Some people in crypto even perscribe to dividing into dozens of wallets for security purposes. Not to mention all the wallets for small businesses, political contribution funds, big businesses, charities, and the endless other things. It would be endless in this hypothetical scenario.
Now, I can also imagine in that world a super computer (already kinda starting) that just endlessly guesses the 12 word seed phrase and order from the list of the 2000 or so approved words.
I'm relatively new to caring about crypto in a real way, but unless I'm missing something this presents a serious problem. I know the possibility of YOUR wallet getting hacked is almost zero, but with every unique wallet created the likelihood of someone's getting haked goes up, am I wrong?
Just a discussion to have, I'm not as smart as many of you just observing and asking questions.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments