CONFidence2015 - How to Steal Bitcoins (Daniel Shearer, Nick Zeeb)

How to Steal Bitcoins

For everything that has value there are those that want to steal it. The continuing rise of bitcoin has seen a corresponding increase in creative individuals who want to acquire bitcoins without the trouble of buying or mining them.

As with any complex system, there are many points that can be attacked. In this talk we show how bitcoin works and explain specific attacks that have been carried out from social engineering to the exploitation of cryptographic primitives.

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So doesn't this mean that big Bitcoin holders can watch everyone's move to benefit them working and derailing the system? So if I trace someone's huge pump and dump from 1 wallet to another then it's a good time to pull out and follow that suit...

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World wide bitcoin will need to scale to 1, 000, 000 transactions per second and now it is at 7. And people don't see the scam here? Also, you have to get bitcoin from an exchange which is a bank.

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