Almost, The keys are derived from 2048 word list. Every combination of private keys is technically already known but the ability for anyone to find yours is near impossible.

When you're buying bitcoin you're not buying the right to move, the key you create does that, when you buy bitcoin from an any exchange or another person you are essentially telling them here's my address/location/safe deposit (public key) send the bitcoin is bought here. Which is then in turn protected by your private key which only allows you authorization to move it, this only applies if you take self custody. If you leave your coins on coinbase/kraken/strike/river you only have an IOU that is in their database.

Check out the private key list here

Allprivatekeys.com

Pick a number between zero and 14474011154664524427946373126085988481604695534884363047825645392689770186792 at the bottom of the page and see if you find some bitcoin. The probability of this happening is like finding a specific atom in the observable universe that I've chosen for myself.

Reply to this note

Please Login to reply.

Discussion

No replies yet.