Bitcoin Forum
November 10, 2024, 08:23:08 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Can a wallet be deleted?  (Read 783 times)
nightwolf (OP)
Newbie
*
Offline Offline

Activity: 28
Merit: 0



View Profile
July 26, 2011, 12:21:11 AM
 #1

Hi Guys,

If a wallet has 0.00 balance:

#1 Isn't that a waste of wallet address keys?
#2 Do they have an expiry date?
#3 Can they be destroyed? So someone else can use the key?
#4 Would we have the same problem as IPv4 in future where there is a payment address key scarcity?

Thanks in advance for replies.
haydent
Full Member
***
Offline Offline

Activity: 154
Merit: 100



View Profile
July 26, 2011, 12:22:45 AM
 #2

i dont believe so

2x Gigabyte 6950 OC @ 920/450 w/ ati tray tools (1 shader modded) - 760Mhs on ozco.in 0% fee aus pool
btc: 1HS5Brzcsh7XkJn566XYbvfpa2JuBRBdss
nightwolf (OP)
Newbie
*
Offline Offline

Activity: 28
Merit: 0



View Profile
July 26, 2011, 12:24:45 AM
 #3

Instawallet keeps creating a new wallet everytime it refreshs. So that's ok? Wouldn't that hog up massive amounts of server space?
EarlyAdopter
Newbie
*
Offline Offline

Activity: 17
Merit: 0


View Profile
July 26, 2011, 12:27:38 AM
 #4

Hi Guys,

If a wallet has 0.00 balance:

#1 Isn't that a waste of wallet address keys?
#2 Do they have an expiry date?
#3 Can they be destroyed? So someone else can use the key?
#4 Would we have the same problem as IPv4 in future where there is a payment address key scarcity?

Thanks in advance for replies.
1. No, wallets can hold a lot of keys
2. No
3. Yes, and if someone else gets the key they could use it but if it was empty there would be no point
4. The number of addresses along with the matching keys is a very very big number. We will never run out.
JoelKatz
Legendary
*
Offline Offline

Activity: 1596
Merit: 1012


Democracy is vulnerable to a 51% attack.


View Profile WWW
July 26, 2011, 01:03:53 AM
 #5

#1 Isn't that a waste of wallet address keys?
That makes no sense.
Quote
#2 Do they have an expiry date?
Does what have an expiry date?
Quote
#3 Can they be destroyed? So someone else can use the key?
You would never, ever want to use a key that someone else ever had access to.
Quote
#4 Would we have the same problem as IPv4 in future where there is a payment address key scarcity?
No.

The security properties of the bitcoin system render all these issues almost literally meaningless.

Either there exists one or more locks that a key opens or not. If such locks exist, then you still need the key and are still using it. If no such locks exist, then the key is just a piece of data sitting on your computer -- it has no effect whatsoever on anyone else.

I am an employee of Ripple. Follow me on Twitter @JoelKatz
1Joe1Katzci1rFcsr9HH7SLuHVnDy2aihZ BM-NBM3FRExVJSJJamV9ccgyWvQfratUHgN
nightwolf (OP)
Newbie
*
Offline Offline

Activity: 28
Merit: 0



View Profile
July 26, 2011, 06:15:14 AM
 #6

Ah ok cool. Thanks for clarifying.  Grin
JoelKatz
Legendary
*
Offline Offline

Activity: 1596
Merit: 1012


Democracy is vulnerable to a 51% attack.


View Profile WWW
July 26, 2011, 06:19:50 AM
 #7

You may find my post on this thread to be helpful. It explains in more detail how addresses are used:
http://forum.bitcoin.org/index.php?topic=31386.msg399544#msg399544

I am an employee of Ripple. Follow me on Twitter @JoelKatz
1Joe1Katzci1rFcsr9HH7SLuHVnDy2aihZ BM-NBM3FRExVJSJJamV9ccgyWvQfratUHgN
nightwolf (OP)
Newbie
*
Offline Offline

Activity: 28
Merit: 0



View Profile
July 26, 2011, 06:59:43 AM
 #8

thanks, friend.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!