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Author Topic: Crypto vs "the lucky dude" --- Is Bitcoin really SAFE?  (Read 313 times)
o_e_l_e_o
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May 10, 2022, 07:50:19 PM
 #21

With the second long number you posted... is that the total amount of addresses for the 12 word seed phrase?  If so, that is a lot.
The second long number is the number of valid P2PKH (legacy) addresses. There is the same number of valid nested segwit and native segwit addresses.

What about how many total seed phrases for a 24 word seed?
2256:
Code:
115,792,089,237,316,195,423,570,985,008,687,907,853,269,984,665,640,564,039,457,584,007,913,129,639,936


Now imagine their seed phrase contain the same word say 6 times... surely someone might later choose another seed phrase later on if they are bothered by this?
They can if they want. It makes no difference.
Marvelman
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May 11, 2022, 12:33:45 PM
 #22

Would someone who generated a seed but never had any btc sent to their wallet even count as an active address?

What do you count as "active" addresses?

As o_e_l_e_o said, there is no way of knowing which addresses have been generated but never used. In other words, there is no difference between a "generated" address and an "ungenerated" address. They are all equally valid. The only information we can find out is whether the address was ever used in a blockchain transaction, i.e., whether it was ever used as an output address.

Keep in mind that you can generate an address even offline. And, a long time ago I even saw instructions on how to generate a valid Bitcoin address manually, by hand.

famososMuertos
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May 11, 2022, 04:46:48 PM
 #23

I think you spend your time betting on anything, I say maybe I'm wrong, I say it because of that perception of using the "vs."

(If you allow me) I think we can better accommodate your doubt or your line of thought is it better/worse to state "lucky crypto" vs. "lucky dude", friend, there is no comparison, even accommodating him, the answer will always be; It is safe.

The probability is known in this precise case of the confrontation that you raise, and I would never use "Vs." very bad idea.
You resemble that man, promoter who wants people to bet against the probability, creating a false hope in this case create mistrust.

OP, Understand my point, sometimes a real doubt is perceived in how things are raised. I think you are a troll, but there is doubt in my perception, perhaps 50-50, in any case here we have a reasonable doubt.

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