If they already exist, how can you claim to access one, if not ONLY by going online and signing transactions?

Reply to this note

Please Login to reply.

Discussion

You can receive without ever going online. But yes to send you need to sign a transaction and send to mempool

How can you "claim" an address as yours without going online? Your saying someone can just pick random addresses and send a bunch of BTC to them, and anyone who derives that address can go "get" that BTC? If that's the case, can't more than one person try to claim it?

Theoretically yes. You don’t claim private keys and addresses. Theoretically someone could randomly generate your same private key. But there’s some sufficiently large ( like more than the amount of atoms in the universe or something?) number of private key pairs to where both of those things are, in practice, impossible

Also, I am no expert, but this is my understanding.

That's what I also understand, but, gosh... That makes me feel a bit squidgy about the whole thing...

Not me. The math and odds, trade offs and benefits, of BTC vs anything else is clear.

Oh, sure, I'll take BTC over fiat, but... It's still a bit off. Not that I have a better suggestion.