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Question: If you went and generated a bitcoin address and then saw the address you generated happened to have 100 bitcoins in it what would you do next?
Quickly transfer all 100 coins to a differnt address - 123 (51.7%)
Delete the address I generated and make a new address - 14 (5.9%)
Take a coin or 2 to feel good then make a new address - 8 (3.4%)
Post publicly saying how bitcoin is a ponzi - 13 (5.5%)
try to contact the owner telling them I have access to their coins - 14 (5.9%)
Transfer the coins to a different address with a public message, telling the owner to contact me. If (s)he can prove ownership of the private key I will return the coins minus a small finder's fee - 61 (25.6%)
Take the coins hostage and demand a ransom payment for the coins back - 5 (2.1%)
Total Voters: 238

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Author Topic: What would you do if you generated a Bitcoin address which had 100btc in it.  (Read 8236 times)
starsoccer9
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November 04, 2013, 10:56:17 PM
 #1

Just curious what you would do if this happened to you.

And no this did not happen to me yet Wink

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November 04, 2013, 10:57:41 PM
 #2

lets see who is honest with themselves

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November 04, 2013, 11:06:47 PM
 #3

Transfer the coins to a different address with a public message, telling the owner to contact me. If (s)he can prove ownership of the private key (by signing a message) I will return the coins minus a small finder's fee Smiley

In theory, there's no difference between theory and practice. In practice, there is.
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IsaacGoldbourne
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November 04, 2013, 11:15:40 PM
 #4

I would take a couple, too hard to contact them so that would ensure they generate a new address.

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starsoccer9
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November 04, 2013, 11:17:10 PM
 #5

Transfer the coins to a different address with a public message, telling the owner to contact me. If (s)he can prove ownership of the private key (by signing a message) I will return the coins minus a small finder's fee Smiley

Added your option

Birdy
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November 04, 2013, 11:18:46 PM
 #6

I would probably send a small amount from the address to a donation address.
Only if I'm convinced that the address is abondened (especially old 50 BTCs addresses and no reaction), I would take it.
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November 04, 2013, 11:30:31 PM
 #7

what's the probability of an address collision?

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porcupine87
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November 04, 2013, 11:34:24 PM
 #8

what's the probability of an address collision?

about 0.23%

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vpitcher07
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November 04, 2013, 11:35:16 PM
 #9

what's the probability of an address collision?

Like pretty much impossible. I believe you would need some absolutely insane luck for that to happen.

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Birdy
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November 04, 2013, 11:35:43 PM
 #10

what's the probability of an address collision?

about 0.23%
After using all computers on earth for 10000 years?
vpitcher07
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November 04, 2013, 11:42:50 PM
 #11

what's the probability of an address collision?

about 0.23%
After using all computers on earth for 10000 years?

Probably more like 10 million years no?

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November 04, 2013, 11:44:29 PM
 #12

That's a small chance. But,, it can still happen..which kind of scares me.

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starsoccer9
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November 04, 2013, 11:48:05 PM
 #13

Transfer the coins to a different address with a public message, telling the owner to contact me. If (s)he can prove ownership of the private key (by signing a message) I will return the coins minus a small finder's fee Smiley

Well your option seems to be quite popular. Tho most people seem are just gonna take it and run

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November 04, 2013, 11:50:46 PM
 #14

Transfer the coins to a different address with a public message, telling the owner to contact me. If (s)he can prove ownership of the private key (by signing a message) I will return the coins minus a small finder's fee Smiley

Well your option seems to be quite popular. Tho most people seem are just gonna take it and run
Also voted for that one, although it's not exactly what I would do, it's the closest one.
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November 04, 2013, 11:55:38 PM
 #15

I already thought about it a while back ago. Woudnt the top address owners with 50.000+ BTC in one address deserve to loose it because of this? I answered yes, because I dont putting all my BTC to one address myselves
Birdy
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November 04, 2013, 11:59:36 PM
 #16

I already thought about it a while back ago. Woudnt the top address owners with 50.000+ BTC in one address deserve to loose it because of this? I answered yes, because I dont putting all my BTC to one address myselves
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November 05, 2013, 12:01:13 AM
 #17

That's a small chance. But,, it can still happen..which kind of scares me.
If you're scared of this, then you sure as hell should stop using banks and credit cards.

Because the chance of someone guessing your credit card details, AND your online banking credentials (AND winning the Powerball twice in a row) is still much, MUCH larger than someone accidentally generating your bitcoin address.

In theory, there's no difference between theory and practice. In practice, there is.
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Birdy
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November 05, 2013, 12:02:18 AM
 #18

That's a small chance. But,, it can still happen..which kind of scares me.
If you're scared of this, then you sure as hell should stop using banks and credit cards.

Because the chance of someone guessing your credit card details, AND your online banking credentials (AND winning the Powerball twice in a row) is still much, MUCH larger than someone accidentally generating your bitcoin address.
The chance of an asteroid destroying earth or a nuclear war is way higher.
Or getting struck by a lightning...twice in a row.
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November 05, 2013, 12:03:45 AM
 #19

That's a small chance. But,, it can still happen..which kind of scares me.
If you're scared of this, then you sure as hell should stop using banks and credit cards.

Because the chance of someone guessing your credit card details, AND your online banking credentials (AND winning the Powerball twice in a row) is still much, MUCH larger than someone accidentally generating your bitcoin address.
The chance of an asteroid destroying earth or a nuclear war is way higher.
Or getting struck by a lightning...twice in a row.
Those are easy. Think of something unlikelier that is likelier than a collision.

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starsoccer9
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November 05, 2013, 12:04:05 AM
 #20

Transfer the coins to a different address with a public message, telling the owner to contact me. If (s)he can prove ownership of the private key (by signing a message) I will return the coins minus a small finder's fee Smiley

Well your option seems to be quite popular. Tho most people seem are just gonna take it and run
Also voted for that one, although it's not exactly what I would do, it's the closest one.

feel free to tell me what you would do and I can add it to the options

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