Small correction: the first word in the BIP39 English wordlist is abandon, not about and the last word is zoo. If you're curious about the BIP39 English wordlist and the languages here's a link: github.com/bitcoin/bips/blob/master/bip-0039/bip-0039-wordlists.md If you like this video let me know by hitting the thumbs up button. ICYMI the first video referenced here is "Can Someone Guess My Private Key?" ruclips.net/video/2eZ5DP2P5As/видео.html If you want to learn more about how to Choose a Cryptocurrency Wallet take a look at the workshops on my website: aantonop.io/workshops
I can't thank you enough for all the Bitcoin information you've provide over the years. It was you that first introduced me to Bitcoin way back in 2013 and you're still the man I send people to when they want deeper information on the tech than I can provide in a short talk. My hats off to you Sir. Thank You.
Wonderfully good and clean explained. Although I wonder one thing. Are there duplicate words in a mnemonic phrase? If not, then it would actually be 2048*2047*2046*2045....
Thank you for this very clear and most of all very important explanation of mnemonic phrases!! I am reading your books and have learned so much already from them!! And there is still a long way to go :) Thank you
Hey Andreas, are you concerned by the situation with “tether”, I can’t profess to totally understand it, it looks as though they may have been buying bitcoin and using it back their stable coin, how I (don’t) understand it is that if they are buying up bitcoin off exchanges in times of low liquidity they’re effectively creating a false scarcity as they drive up the price and then that gives them the ability to mint more tether. Then comes the question “what is stopping larger corporations or government pulling the same kind of trickery”, I know I have a lot of blanks in my understanding, I hope from this you can get the gist of what I’m trying to get at. I’m having one of those “could this kill bitcoin” moments. Love listening to you and love ya bee kind T-shirt hehe.
Hllo bro I m from Australia. I have signed up in Myetherwallet account with software phrases key. I bought ethereum for $2000. Now after logging in my account, there are so many other address. But I can’t find my exact address. So plz suggest me what should I do now to find my address. I already have my phrase password and address.
Hey Andreass , please explain how mnemonic phrase equivalent private key knowing that each mnemonic phrase have billions ov private keys ?! So there are 256bit of private keys and 256bit of seed mnemonic that have billions addresses .. how is that impossible!!
Is the mnemonic phrase associated with a wallet or with a secret key? As far as I know, a wallet can have several secret keys. I'm confused about that.
Master private key. The wallets can be seen as a different way to view that key. Different UI's different supported coins/tokens, but still the same key (if you import through different ones). -thefamine666
Interesting, but, the dangerous part I think is the way a software code that is the same software installed in thousands of phones achieves to create a process to create "randomnes" (different random numbers), I know that there are processes ilke discharging a capacitor and measure the time of discharge each time that creates "randomnes" but how does a software accomplishes this?, is there an integranted chip in celular phones that does this?, regards Andreas.
There are no sources of information that are known to be truly random. Most smartphone processors include a hardware entropy source, though Android doesn't always use it.
But what is the probability of randomly guessing a mnemonic key of any random person and not in particular. Because I think as the number of users increases, this probability should also increase but by how much. Will it still be worth a try to randomly guess mnemonics and gaining access to atleast 1 wallet per day or maybe per week?
So: When generating a wallet, the wallet software basically starts with the mnemonic phrase first, right? and from that it generates the private key and public keys?
Can you help me understand the validation of a mnemonic sentence and why it contains a checksum. As i understand/ have read you should not create a mnemonic sentence by randomly generating 12-24 words. It goes on to say that if you randomly select 12-24 words from the worldlist, the last word you select probably wont contain the correct checksum for the rest of the words. Therefor when you try to import it into a wallet it might tell you its invalid.
Is there an app that can convert mnemonic phrases to private keys and vice versa and when would you ever trust an app that did this. I'm guessing some wallet apps do this.
If you split the 24 words into 2 or 3 parts and store them seperately like the winklevoss twins did can you quantify how much the security is comprimsed if one portion is found and the remaining words are now is brute forced?
Ok so how do you input the mnemonic phrase (words) into a wallet to recover a wallet like Metamask? I see the paste option but of course learning from Aant we dont ever save these words digitally.
I think if you type one word after another is a string of letters. So space between? Comma? Type onto a text editor hitting return after each word, then copy/paste? Anyone know the correct formula for sucess?
Actually i figured out adding the mnemonic phrase by copying the 12 word phrase and pasting it to a text file. Then i typed my words over the set and copy/paste into the field in the mnemonic seed field. I guess entering word by word seperated by a space will work as it seems that's what it is.
Yes indeed. I have left a comment on another one of your videos, the last one with a similar subject. On a different account of mine. Sirjesusshaves. BUT! Dude ive found that guessing mnemonics is a lot easier than you think. Especially looking around downloading mobile wallets. In which ive found almost ALL of them rely on a 12 word mnemonic without even the option of adding a passphrase. Banking on a large amount of users owning one of these wallets, no matter which actual one they choose, as long as they use a 12 word mnemonic (so almost all of them). But then, ontop of this, you should know that not any combination of words works. The checksum narrows it down by a factor of 16. So choosing the first 11 at random, or even not at random (since people are stupid), and then running down the list in order, until i get a hit and a wallet opens. I also write down that 12th word, so i wont have to reguess that in the future.. this is a tedious process no doubt especially without a computer, but you're wrong.. its not impossible to guess. Perhaps im just extremely lucky? But when it all comes down to the bottom line.. i only need one. Just one. And so far, ive found two. One is a trap lol (no i didnt try to steal), and the other i left alone. I try to educate users on using ones with a passphrase in general, since most (including me) will avoid going for all that extra work. Instead focusing on the easy targets. While i dont steal, im sure others do. And id love to pick your brain and i can answer any Q's you have for me too, if any... my main account though is under Thefamine666, and yes i realize im not so hidden. Not trying to be. Reply or not, i still appreciate your work!
Small correction: the first word in the BIP39 English wordlist is abandon, not about and the last word is zoo. If you're curious about the BIP39 English wordlist and the languages here's a link: github.com/bitcoin/bips/blob/master/bip-0039/bip-0039-wordlists.md If you like this video let me know by hitting the thumbs up button. ICYMI the first video referenced here is "Can Someone Guess My Private Key?" ruclips.net/video/2eZ5DP2P5As/видео.html
If you want to learn more about how to Choose a Cryptocurrency Wallet take a look at the workshops on my website: aantonop.io/workshops
I can't thank you enough for all the Bitcoin information you've provide over the years. It was you that first introduced me to Bitcoin way back in 2013 and you're still the man I send people to when they want deeper information on the tech than I can provide in a short talk. My hats off to you Sir. Thank You.
Dude I wish you where my math teacher in grade school.
That was a question I had wondered myself. Where would we be without Andreas to explain these things to us.
Thank you! 🙏🏼 This is the best teaching I’ve heard on a mnemonic phrase.
aantonop, is it safe to store all my bitcoin on electrum? people told me electrum is good... so i just use that... i hope you respond to comments
You need to store it on a hardware wallet for the best security
my old brain hurts. Thank you aantonop
Brilliantly explained! 👍 As always. 😀
Wonderfully good and clean explained.
Although I wonder one thing. Are there duplicate words in a mnemonic phrase? If not, then it would actually be 2048*2047*2046*2045....
Thank you! You'll see a video on Tuesday about about about this exact question! Subscribe to the channel to get notified when it's posted.
@@aantonop Off course I am subscribed :) Thanx!
Thank you for this very clear and most of all very important explanation of mnemonic phrases!! I am reading your books and have learned so much already from them!! And there is still a long way to go :)
Thank you
Great video. Thanks for sharing. I learned a lot.
Great strategic placement of books and mugs, but the t-shirt? Maybe the start of a mnemonic phrase
Actually, aardvark would come before 'about.' :)
0: abandon ~ 2047: zoo (thx~~)
WISE token now the #2 most liquid pair on uniswap
🦄 What do you think about it ?
HFSP
Absolutely brilliant explanation as usual
@Andreas M. Antonopoulis you are not this great man you are pretending to be him Mr Con Artist
Many thanks!
Hey Andreas, are you concerned by the situation with “tether”, I can’t profess to totally understand it, it looks as though they may have been buying bitcoin and using it back their stable coin, how I (don’t) understand it is that if they are buying up bitcoin off exchanges in times of low liquidity they’re effectively creating a false scarcity as they drive up the price and then that gives them the ability to mint more tether. Then comes the question “what is stopping larger corporations or government pulling the same kind of trickery”, I know I have a lot of blanks in my understanding, I hope from this you can get the gist of what I’m trying to get at. I’m having one of those “could this kill bitcoin” moments. Love listening to you and love ya bee kind T-shirt hehe.
Thanks!
Hllo bro
I m from Australia. I have signed up in Myetherwallet account with software phrases key. I bought ethereum for $2000. Now after logging in my account, there are so many other address. But I can’t find my exact address. So plz suggest me what should I do now to find my address. I already have my phrase password and address.
Andreas always the best
Very well explained. Thank you.
10 seconds in you get a BRAVO!!!
Thank you
How did people log in to their wallets in 2010? Were seed phrases around?
Perfect, Andreas, thanks! But it made me feel that my 12 word seed is not so safe. Is it?
@@instardinginvest6478 fake account.
You're awesome. Thank you.
Hey Andreass , please explain how mnemonic phrase equivalent private key knowing that each mnemonic phrase have billions ov private keys ?! So there are 256bit of private keys and 256bit of seed mnemonic that have billions addresses .. how is that impossible!!
Is the mnemonic phrase associated with a wallet or with a secret key? As far as I know, a wallet can have several secret keys. I'm confused about that.
Master private key. The wallets can be seen as a different way to view that key. Different UI's different supported coins/tokens, but still the same key (if you import through different ones). -thefamine666
I wish that each word means 11 bits, because in this way seeds could be multilingual. But this is not how BIP39 works. Correct me if I'm wrong.
Interesting, but, the dangerous part I think is the way a software code that is the same software installed in thousands of phones achieves to create a process to create "randomnes" (different random numbers), I know that there are processes ilke discharging a capacitor and measure the time of discharge each time that creates "randomnes" but how does a software accomplishes this?, is there an integranted chip in celular phones that does this?, regards Andreas.
There are no sources of information that are known to be truly random.
Most smartphone processors include a hardware entropy source, though Android doesn't always use it.
First word is Aardvark
Also, awesome video! 🤙🏻
I remembered abacus
But what is the probability of randomly guessing a mnemonic key of any random person and not in particular. Because I think as the number of users increases, this probability should also increase but by how much. Will it still be worth a try to randomly guess mnemonics and gaining access to atleast 1 wallet per day or maybe per week?
an (simplified) example would be nice.
So: When generating a wallet, the wallet software basically starts with the mnemonic phrase first, right? and from that it generates the private key and public keys?
So why is it that my mnemonic phrase from Exodus doesn't work with MetaMask and vice versa? They both support 12 words.
the 12 words are native to a specific wallet, not any wallet.
This way my question from the livestream :) it's not quite a commit in the bitcoin GitHub but it's still cool :)
3 first letters of each word are what count
4
Hey Andreas, Can an ERC 20 protocol be used as a National currency?
You can’t go back and change the beginning, but you can start where you are and change the ending
Lol you could change ya approach to marketing ya channel, anytime..
Can you help me understand the validation of a mnemonic sentence and why it contains a checksum. As i understand/ have read you should not create a mnemonic sentence by randomly generating 12-24 words. It goes on to say that if you randomly select 12-24 words from the worldlist, the last word you select probably wont contain the correct checksum for the rest of the words. Therefor when you try to import it into a wallet it might tell you its invalid.
2048 to the power of 24 is correct if and only if the words in the mnemonic phrase can be repeated, can they?
Yes they can repeat
Thank you so much!
Thank you !! 😄
Is there an app that can convert mnemonic phrases to private keys and vice versa and when would you ever trust an app that did this. I'm guessing some wallet apps do this.
can I recomend lil change, bitcoin address and private key are not numbers, those are unique numbers, thanks lot.
If you split the 24 words into 2 or 3 parts and store them seperately like the winklevoss twins did can you quantify how much the security is comprimsed if one portion is found and the remaining words are now is brute forced?
Ok so how do you input the mnemonic phrase (words) into a wallet to recover a wallet like Metamask? I see the paste option but of course learning from Aant we dont ever save these words digitally.
I think if you type one word after another is a string of letters. So space between? Comma? Type onto a text editor hitting return after each word, then copy/paste?
Anyone know the correct formula for sucess?
Actually i figured out adding the mnemonic phrase by copying the 12 word phrase and pasting it to a text file. Then i typed my words over the set and copy/paste into the field in the mnemonic seed field. I guess entering word by word seperated by a space will work as it seems that's what it is.
How come a single phrase can have so many different addresses?
Euxaristo!
Thank you :-)
6:52 Wouldn't it be 2048*2047 instead of 2048*2048?
The words can repeat
Wouldn't aardvark be the first word in this dictionary? Then about!
Can you use the same word/seed twice in your 24 word phrase? If not then, it's 2048 X 2047 X 2046 X 2045 .... X 2024.
You can use the same word multiple times.
@@brunomenezes1274 Thanks, haven't had that happen yet.
It happened once to me! =)
Yes indeed. I have left a comment on another one of your videos, the last one with a similar subject. On a different account of mine. Sirjesusshaves. BUT! Dude ive found that guessing mnemonics is a lot easier than you think. Especially looking around downloading mobile wallets. In which ive found almost ALL of them rely on a 12 word mnemonic without even the option of adding a passphrase. Banking on a large amount of users owning one of these wallets, no matter which actual one they choose, as long as they use a 12 word mnemonic (so almost all of them). But then, ontop of this, you should know that not any combination of words works. The checksum narrows it down by a factor of 16. So choosing the first 11 at random, or even not at random (since people are stupid), and then running down the list in order, until i get a hit and a wallet opens. I also write down that 12th word, so i wont have to reguess that in the future.. this is a tedious process no doubt especially without a computer, but you're wrong.. its not impossible to guess. Perhaps im just extremely lucky? But when it all comes down to the bottom line.. i only need one. Just one. And so far, ive found two. One is a trap lol (no i didnt try to steal), and the other i left alone. I try to educate users on using ones with a passphrase in general, since most (including me) will avoid going for all that extra work. Instead focusing on the easy targets. While i dont steal, im sure others do. And id love to pick your brain and i can answer any Q's you have for me too, if any... my main account though is under Thefamine666, and yes i realize im not so hidden. Not trying to be. Reply or not, i still appreciate your work!
As politely as possible the first m is silent.
Does sha256 play into this some how?
Also, what schmucks disliked this tutorial?
1st
👍
abandon-zoo, not about to zebra. ;-)
Woudn't there be some likelyhood that a foolish person uses the first 12 or 24 words in a popular song?