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Message Subject JUST IN: NYC freezes deposits at Capital one, $COF, and Keybank
Poster Handle Miller_The_Bastard_Cat
Post Content
Like I’ve been shouting to all the No Coiners on here for 7 years (when Bitcoin was $500), better get out of government issued fiat garbage and get yourself some money these psychopaths can’t touch…. Bitcoin!
 Quoting: Anonymous Coward 48055253


Just wait until people find out that the SHA-256 algorithm (the encryption algorithm bitcoin uses) has a backdoor.

What that means is, BTC wallets can be accessed using this backdoor, and funds can be removed, or the wallet can be frozen.

If they link a social credit score to your BTC wallet, they now have complete control over your behavior, just by accessing your wallet, and removing coins, or simply locking your wallet.

Google "Who invented SHA-256" and you'll shit.

That's why we don't know who the inventer Of BTC is, it's all a Government psyop.


NC-ud0ntsay
 Quoting: Anonymous Coward 3777019


A back door on an encryption algorithm? You have no clue what you’re talking about .
 Quoting: Anonymous Coward 85386630


The wallet addresses are generated from the privet key, and when you transfer from wallet to wallet, the algorithm uses the sending address, based on the privet key to "find" the receiving wallet on the network.

This is supposed to be one-way only, in other words, your not supposed to be able to backtrack and access the sending wallet.

However, the backdoor to SHA-256, is able to take the sending address, and generate the privet key of the sending wallet. this feature is already in the code of SHA, and the backdoor enables the backtrack feature.

Once you have the privet key, you have access to the wallet.
 
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