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Author Topic: Limited number of bitcoin addresses  (Read 5194 times)
cohnhead
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November 21, 2015, 11:09:58 AM
 #41

that 2^160 possible addresses is too big to fathom...but I kind of can get my head around the fact that we basically will never run out of addresses, but being truly random....it is possible for addresses to collide...although infinitesimal, yes?
and I guess the probability of that address either holding any or any significant amount of btc is even more infinitesimal?
but those possibilities exist?
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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November 21, 2015, 11:30:38 AM
 #42

The number of base pairs in a human genome is about 3 billion base pairs.  (10^12)
The bitcoin address search space is 2^160  (10^48)

Think about the scale of that. You are not able to count to 10^48 in your lifetime, let alone generate all bitcoin addresses.
At the time when all bitcoin addresses are collected, we are long dead.

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skierchewing
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November 27, 2015, 01:52:16 PM
 #43

it'll take millions of years to have address collisions, so many possibilities
zetaray
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November 27, 2015, 02:07:01 PM
 #44

The address space is unimaginably large, address collision is extremely unlikely. I understand that ever since I first know about bitcoin. But there is still a worrying thought in my mind that this is possible and there is no protection to my coins when that happens. I have got used to using bitcoin without this insecurity because I think if a collision happened, mine won't be the first to collide.  Grin

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enthus
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November 27, 2015, 02:20:14 PM
 #45

You must be joking.  I hope you are joking.  This is a joke, right?
must be joking, i hope he is joking.... but sadly i do not think he is joking  Roll Eyes Roll Eyes Huh
cohnhead
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November 27, 2015, 09:04:58 PM
 #46

The address space is unimaginably large, address collision is extremely unlikely. I understand that ever since I first know about bitcoin. But there is still a worrying thought in my mind that this is possible and there is no protection to my coins when that happens. I have got used to using bitcoin without this insecurity because I think if a collision happened, mine won't be the first to collide.  Grin
i guess it is just another reason (although low on the list) for spreading out your bitcoins across multiple addresses.
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November 28, 2015, 07:48:42 PM
 #47

10^77 possible bitcoin addresses, 10^80 atoms in the universe. So there are only 1000 times as many atoms in the universe as possible bitcoin addresses.

Nope.

Currently only 1048 possible bitcoin addresses. So there are 1032 times as many atoms in the universe as possible bitcoin addresses.

It's possible that additional bitcoin address types may be introduced in the future, but its impossible to predict just how many potential bitcoin addresses those future versions may enable.
DannyHamilton
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November 28, 2015, 08:48:15 PM
 #48

I thought there were as many possible addresses as possible private keys, is this not so?

Nope. Not so.

Bitcoin addresses are calculated with a RIPEMD160 hash.  That's a 160 bit value.  Therefore, there are only 2160 possible bitcoin addresses.

(Actually there are both P2PKH, starting with a "1", and P2SH addresses, starting with a "3", so that doubles the number of potential addresses to 2161)

That would make 2^256 or roughly 10^77 possible addresses.

2161 is approximately

2.9 X 1048 possible addresses.
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November 29, 2015, 02:29:01 AM
 #49

I also learn something new every time I visit these forums.

For example, this interesting thread:  https://bitcointalk.org/index.php?topic=1166928.msg13097839#msg13097839

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
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