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Piligrim
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May 28, 2011, 05:43:29 AM
Last edit: May 28, 2011, 05:53:38 AM by Piligrim
 #1
Ever heard of cyber squatters? Would it be possible for someone to take possession of all vacant bitcoin addresses and thus gain control over bitcoins?
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TheMagikarp
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May 28, 2011, 06:09:24 AM
 #2
No.
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May 28, 2011, 06:13:32 AM
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Read the subject, and thought you were doing somthing else, so it gave me an idea.

So ill post a new thread.

I thought you were selling a wallet that was getting residual income.  

I think it'll be hard to take up all the possible addys.
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May 28, 2011, 06:19:22 AM
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Quote from: TheMagikarp on May 28, 2011, 06:09:24 AM
No.

That is as in "No I won't sue you until I find a lawer"?
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May 28, 2011, 06:22:54 AM
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2^160 = 1461501637330902918203684832716283019655932542976

That's how many addresses you'll have to generate. It's not realistic either in generation or storage. The sun, or even the universe will die before you enumerated them.
Bitcoin Core developer [PGP] Warning: For most, coin loss is a larger risk than coin theft. A disk can die any time. Regularly back up your wallet through File → Backup Wallet to an external storage or the (encrypted!) cloud. Use a separate offline wallet for storing larger amounts.
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May 28, 2011, 01:58:46 PM
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Very new to this myself.  I understand there is a limit to the number of BitCoins, but are you saying there an actual limit to the number of wallets available as well?
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May 28, 2011, 02:03:44 PM
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 #7
Quote from: jjVon on May 28, 2011, 01:58:46 PM
Very new to this myself.  I understand there is a limit to the number of BitCoins, but are you saying there an actual limit to the number of wallets available as well?
In the same way that there is a limit to the number of atoms on the earth.
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