|
Title: Bitcoin Address question. Post by: xCacheMoney on May 04, 2016, 12:35:09 PM Hey guys, xCacheMoney here with a question.
So blockchain.info allows for infinite addresses to be created to receive and send bitcoin right? And bitcoin addresses are very complicated no? There's also hundreds of stories of misplacing a number or letter in the address someone's sending bitcoin to. So why isn't there people creating, spamming that 'Create New' button on the site, and creating nigh-infinite amounts of addresses in the hope that someone wrongly misplaces their bitcoin there? Just a question, I know that is probably due to the fact that they must have some limit, you don't want to waste your time creating all those accounts, or it's tantamount to scamming. Just a thought :) xCM. Title: Re: Bitcoin Address question. Post by: mocacinno on May 04, 2016, 12:39:51 PM Hey guys, xCacheMoney here with a question. So blockchain.info allows for infinite addresses to be created to receive and send bitcoin right? And bitcoin addresses are very complicated no? There's also hundreds of stories of misplacing a number or letter in the address someone's sending bitcoin to. So why isn't there people creating, spamming that 'Create New' button on the site, and creating nigh-infinite amounts of addresses in the hope that someone wrongly misplaces their bitcoin there? Just a question, I know that is probably due to the fact that they must have some limit, you don't want to waste your time creating all those accounts, or it's tantamount to scamming. Just a thought :) xCM. There is no limit... Anybody can create as much private keys as they want. They can use blockchain.info, altough i don't like web based wallets. They can also use bitcoin core, armory, multibit, multibit HD, electrum,... The thing is: it would be impossible to create the private keys for even 0.001% of all the addresses... We just don't have, and never will have enough computer power and storage to store all these private keys. And i'm not talking about "pushing the button on blockchain.info", i literally mean that you can not own enough powerfull servers generating private keys 24/7 to generate even a tiny fraction of keys that could exist. you can read more about this on this discussion: https://bitcointalk.org/index.php?topic=24268.0 One thing i think you're a bit confused about: holding bitcoin is basically holding a private key. If two people hold the same private key (it doesn't matter if they have the private key stored on a paper wallet, on a hardware wallet, in blockchain.info's database, in a wallet.dat file, in electrum,...), each of the two people can sign transactions, thus spend the coins that are controlled by this (shared) private key. Blockchain.info doesn't controll bitcoin, they're merely an online wallet, block explorer,... One of the many out there. Title: Re: Bitcoin Address question. Post by: spazzdla on May 04, 2016, 12:47:15 PM Hey guys, xCacheMoney here with a question. So blockchain.info allows for infinite addresses to be created to receive and send bitcoin right? And bitcoin addresses are very complicated no? There's also hundreds of stories of misplacing a number or letter in the address someone's sending bitcoin to. So why isn't there people creating, spamming that 'Create New' button on the site, and creating nigh-infinite amounts of addresses in the hope that someone wrongly misplaces their bitcoin there? Just a question, I know that is probably due to the fact that they must have some limit, you don't want to waste your time creating all those accounts, or it's tantamount to scamming. Just a thought :) xCM. Even if you created 1 TRILLION that is still 1x10^12 in 1x10^77 chances...... or 1 in 100 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 Title: Re: Bitcoin Address question. Post by: moviebuff777 on May 04, 2016, 04:45:37 PM That's a good question. You just gave me a good idea. Just kidding, actually even though it could work if someone makes a mistake, if you have a huge number of addresses, how would you be able to check all of them to see if someone put money in it? If they are all in the same wallet can you see the total for all?
Title: Re: Bitcoin Address question. Post by: xCacheMoney on May 04, 2016, 06:35:18 PM That's a good question. You just gave me a good idea. Just kidding, actually even though it could work if someone makes a mistake, if you have a huge number of addresses, how would you be able to check all of them to see if someone put money in it? If they are all in the same wallet can you see the total for all? You can, you would just have to scroll a bit. maybe they have it set up that most valued is at top of list, at least I think that's how newest blockchain.info wallet site is.Title: Re: Bitcoin Address question. Post by: Petersen on May 04, 2016, 09:04:28 PM It could never works. Too many variables
|