Wallets contain keys, not coins.
What mr hodl is saying is that pre 2014 bitcoin wallets were non-deterministic, where each key would only be used once.
In short, you can't just get to all bitcoin by guessing mnemonic phrases.
Would like a simple explanation of this, if someone would be kind enough to provide. 🙏
According to replies this link to bitcoin talk helps explain but just browsing and it seems over my head a bit.
https://bitcointalk.org/index.php?topic=4448.0
Discussion
Think i get that as broad stroke, but guess im lacking some technical understanding for it to click.
If keys is just the 256bit* number that works for some coins, and 24 word combos cover all possible 256bit numbers, seems it would work modulo some type of arbitrary transcription, just by sheer number comparisons.
* - I am aware that technically it’s slightly smaller number.