Exactly it is that simple. The Bitcoin network has no concept of "ownership" only authentication. If one can sign a transaction with a valid private key they can spend the coins. If someone generates an address which produces the same public key as your address then they can spend your coins.
And what would happen with money that is transferred to an address that exists twice? would this money be doubled? Why would it get doubled? It is the same address, only more than one person has access to it. It is like sharing your wallet with your brother or whomever. Are you saying that if I share my wallet with my brother the money isn't doubled? Crap! |
|
|
|
nobody reads stickies.
True, but quite ironic |
|
|
|
Your question was answered though it might not have been very obvious.
Isn't the following extremely clear? If it ever happened, it would mean you can steal the money in there.
|
|
|
|
Amazing how one gets bashed and degraded simply because for asking a legitimate question.
I wasn't asserting that the theoretical possibility of two identical addresses is an imminent weakness of bitcoin.
If you read my post carefully you probably recognize that I am simply asking whether there is a mechanism in the software that somehow prevents two identical addresses (meanwhile I found out from your responses that there's not) and secondly, I wonder what the implications would be if there were two identical addresses in the system. To this question you have failed to provide a profound answer yet, since you obviously prefer to bash people than to provide instructive explanations (which of course requires more intelligence and respect for other people that don't share the same level of knowledge yet).
I think this attitude is not beneficial for mainstream adoption of bitcoin.
You were bashed for not using the search function It wouldn't really be that disastrous. But no, there is no system to prevent two addresses from colliding. If it ever happened, it would mean you can steal the money in there.
has been discussed 9001 times. please search for answer kthx
Also, search
|
|
|
|
It sure has fallen to the floor... But I am sure it will recover quickly, like always.. Great time to buy cheap!
It will recover on the long term. Yeah Will |
|
|
|
Women are attracted to the broad shoulders & slim hips so says most people. But, I find women are attracted to the person not the way they look. I have seen some mismatched people...but, they are happy and like each other so who can say different?
Actually they are attracted to the wallet .datI fixe ed your sentence. You r're welcome.  I fixed your sentence. You're welcome. |
|
|
|
give up people.
some people just cannot comprehend so big numbers.
I guess so So disappointing |
|
|
|
Many commercial entities will use a new address for each transaction. If bitcoin will be widely adopted someday the amount of used bitcoin addresses will be also very big. Of course the probability of two identical addresses will still be very small... but it will be there, nonetheless.
I simply wonder what the implications would be if that happened.
Obvious lack of sense of proportion Did you ever wonder about the implications of being hit by 3 lightnings simultaneously on the right eye, the left feet and the belly button? Also, search |
|
|
|
As per title, all the feedbacks received disappeared. I can see all the feedbacks I gave though.
Also, I don't understand why my feedbacks count as trusted however all the ones I received are untrusted?
can someone please explain what happened?
Because you don't have the people who rated you in your trust list |
|
|
|
|
Number of water molecules on Earth: 4.68 x 1046
Number of keys possible: 2 ^ 160 = 1.5 x 1048 = 30 * Number of water molecules on Earth
Imagine you choose one water molecule on Earth (anywhere: in ocean, your kitchen, your cat's lung, Kim Jung Il's hair, etc) and I do the same without us communicating
The possibility of address collision is 30 times lower than the possibility of us chosing the same water molecule
Even if choose billions of water molecules (which is 1000000000000000 tinier than a glass of water) instead of just one, do you realize how ridiculously impossible it is for us to have even one shared molecule?
|
|
|
|
There is only 20 million bitcoins, so as soon as it gets adopted by the masses, it will reach $1000 at least I guess. $100 and $200 is already a lot right now I think, seeing as it's mostly techies using it.
21 million not 20 million. Actually neither. The total number of bitcoins in existence will be slightly less than 20,999,999.97690000 Nope It's lower than that as miners can actually win less than reward+fees |
|
|
|
Bitcoin may hit $500 within 10 years. But $1000 is impossible.
You're clearly an economist  |
|
|
|
Trolling is not a crime.
Insulting is not a crime. |
|
|
|
Thanks I always thought trolls were allowed here |
|
|
|
BitCoin
Can a restored wallet.dat "roll back" transactions?
Studying a system in which I will put more than $1000? Too mainsteam  |
|
|
|
Surely spammers could spam this category and then move on to the entire forum?
^^ We should remove all restrictions then and let everyone have at it. Planned |
|
|
|
Women are attracted to the broad shoulders & slim hips so says most people. But, I find women are attracted to the person not the way they look. I have seen some mismatched people...but, they are happy and like each other so who can say different?
Actually they are attracted to the wallet |
|
|
|
No source code yet. The developer may have 1b coins in the first block.
Cute  |
|
|
|
|
Show Posts
