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Replying to Avatar TBone

It just dawned on me that we should be calculating the number of possible public keys (not private keys) when illustrating the chances to steal someone's bitcoin. (The whole 'single atom in the universe' thing)

Since there are far fewer possible public keys than there are private keys, there is obviously a less-than 1:1 ratio between them, and therefore multiple private keys could clash and produce the same public key - and therefore would be able to spend the bitcoin associated with its UTXO set.

Am I wrong?

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talej 1y ago

I’d say you are not wrong

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Brisket 1y ago

I wonder how many people are "address mining"

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talej 1y ago

Relatively expensive to do but I’m sure some are

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Brisket 1y ago

Big incentive on some early addresses

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