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Topic: A lot is not enough (Read 1753 times)

member
Activity: 112
Merit: 10
September 22, 2015, 12:12:18 AM
#43

The title should be Enough is not enough.   Grin
legendary
Activity: 1722
Merit: 1000
August 07, 2015, 11:40:22 AM
#42
@26 billion addresses, what does that mean really? I read that there are no more than 1.5 unique bitcoin users worldwide. So what does 'unique' address' means in bitcoin dictionary?
As far as I know one individual are not limited by number of bitcoin addresses, you can have (and usually you are in possession of multiple bitcoin addresses, over 100 addresses per user is a norm).
Unnamed bitcoin law state that you ccan create new address for every new transaction.

you didn't get it..

It's A LOT more than 26 billion.

It's 26 billion addresses PER GRAIN OF SAND....................

It's like 2.6 x 10 ^77 ............................

He is saying.. it's pretty much unlimited.
legendary
Activity: 1862
Merit: 1004
August 07, 2015, 11:33:17 AM
#41
@26 billion addresses, what does that mean really? I read that there are no more than 1.5 unique bitcoin users worldwide. So what does 'unique' address' means in bitcoin dictionary?
As far as I know one individual are not limited by number of bitcoin addresses, you can have (and usually you are in possession of multiple bitcoin addresses, over 100 addresses per user is a norm).
Unnamed bitcoin law state that you ccan create new address for every new transaction.
hero member
Activity: 1582
Merit: 502
August 07, 2015, 11:21:15 AM
#40
I don't really understand but he is really cute and fluffy!
http://knowyourmeme.com/memes/the-alot
The Alot is a fictional mammalian creature with brown fur invented by Allie Brosh, the creator of the webcomic Hyperbole and a Half. The creature was inspired by the common grammatical error writing the phrase “a lot” as “alot.” The Alot is often referenced when someone has made the error in a discussion thread to point out the mistake in a lighthearted manner.

It's ironic, but the OP actually did not make that mistake.

Actually the OP did make that mistake.
You can tell by the reply titles (including this) Wink

Apart from that, does anyone have any clue as to how many grains of sand there are on earth?

http://lmgtfy.com/?q=how+many+grains+of+sand+are+in+the+earth

Erm, thanks.....
So, let me take the first result: http://www.npr.org/sections/krulwich/2012/09/17/161096233/which-is-greater-the-number-of-sand-grains-on-earth-or-stars-in-the-sky
Quote
They said, if you assume a grain of sand has an average size and you calculate how many grains are in a teaspoon and then multiply by all the beaches and deserts in the world, the Earth has roughly (and we're speaking very roughly here) 7.5 x 1018 grains of sand, or seven quintillion, five hundred quadrillion grains.

Are we not forgetting that in the bottom of the sea there's sand as well?
What about those grains?

Anyways, my point was that there is no way we can know for certain how many grains of sand there is (or how many stars for that matter).
We can only guesstimate.

That being said, Bitcoin users have nothing to worry about when it comes to address collision.
legendary
Activity: 1540
Merit: 1029
August 07, 2015, 11:07:06 AM
#39
Very thought provoking and nice picture by the way Smiley
legendary
Activity: 1596
Merit: 1027
August 07, 2015, 10:53:47 AM
#38
Let me see if I understand Tongue
Ok so basically, there are about the same bitcoin addresses as we have stars in one Galaxy right?
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
August 07, 2015, 10:46:19 AM
#37
I don't really understand but he is really cute and fluffy!
http://knowyourmeme.com/memes/the-alot
The Alot is a fictional mammalian creature with brown fur invented by Allie Brosh, the creator of the webcomic Hyperbole and a Half. The creature was inspired by the common grammatical error writing the phrase “a lot” as “alot.” The Alot is often referenced when someone has made the error in a discussion thread to point out the mistake in a lighthearted manner.

It's ironic, but the OP actually did not make that mistake.

Actually the OP did make that mistake.
You can tell by the reply titles (including this) Wink

Apart from that, does anyone have any clue as to how many grains of sand there are on earth?

http://lmgtfy.com/?q=how+many+grains+of+sand+are+in+the+earth
sr. member
Activity: 448
Merit: 250
August 07, 2015, 10:36:32 AM
#36
Our planet has approximately 7 billion people on it. Let's ignore the problems of population growth for the moment and assume we will always have 7 billion people.

Now let's also assume that starting this very second, all those people (our global population of seven billion) each begins to click the button to generate a new bitcoin address every second.

"WHY ARE YOU GENERATING SO MANY FUCKING ADDRESSES! You're going to cause a bitcoin address collision!" yells the supreme bitcoin chancellor of Earth. "STOP IT!" ಠ_ಠ

Let's pretend everyone's in on the joke, and they all ignore him.
( ͡° ͜ʖ ͡°)

With every human on Earth, all generating a new address every second it would still take about 6.5 billion years in order for there to be a 50/50 chance of a bitcoin address collision. For there to be approximately a 99% chance of a collision, the assholes would need to keep up this buffonery for about 11.7 billion years total.


http://www.reddit.com/r/Bitcoin/comments/3fgrk5/how_long_would_we_have_to_use_bitcoin_before_we/

Reading this post was like eating a warm bowl of oatmeal on a cold winter morning.
Any post with the word buffonery in it warrants a thumbs up in my book...

I have often wondered about this topic in the past.
Thanks to all you math guys out there putting this into terms someone like me could easily understand.
I rest easy tonight knowing the odds of any of my addresses being reproduced are much more unlikely than me winning a silver medal in womens gymnastics. (FYI im a male)  Grin
hero member
Activity: 1582
Merit: 502
August 07, 2015, 08:00:39 AM
#35
I don't really understand but he is really cute and fluffy!
http://knowyourmeme.com/memes/the-alot
The Alot is a fictional mammalian creature with brown fur invented by Allie Brosh, the creator of the webcomic Hyperbole and a Half. The creature was inspired by the common grammatical error writing the phrase “a lot” as “alot.” The Alot is often referenced when someone has made the error in a discussion thread to point out the mistake in a lighthearted manner.

It's ironic, but the OP actually did not make that mistake.

Actually the OP did make that mistake.
You can tell by the reply titles (including this) Wink

Apart from that, does anyone have any clue as to how many grains of sand there are on earth?
legendary
Activity: 2114
Merit: 1090
=== NODE IS OK! ==
August 07, 2015, 07:56:07 AM
#34
This tempted me to try my luck, here I go

1285wv94GrxgmpPzDksV8oHn73TPRTxNzr

Did I win?

https://blockchain.info/address/1285wv94GrxgmpPzDksV8oHn73TPRTxNzr

Nothing Cry

p.k. 5J1cG5smKXFN18F8XwJ7npBPLmvt9k5nzHQ52aUhQUuR2WqvYU4
newbie
Activity: 41
Merit: 0
August 07, 2015, 06:13:22 AM
#33
i remember this song. almost is never enough-ariana grande  Grin

so, a lot is enough  Grin
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
August 02, 2015, 07:59:40 AM
#32
2256 = 2(10)(256/10)

103= 1000 = 210 (yeah I know 210 is equal to 1024 but let's assume it's like that.

Then; 2256 = 10256*3/10 = 1077

78 digit number. It's more than that of course.

"then the total number of hydrogen atoms would be roughly 1082" http://www.universetoday.com/36302/atoms-in-the-universe/

There's 1 private key for each hydrogen atom in the universe.

This kind of shit is very impressive but far too much for the likes of me to understand Grin. After reading many of the comments in this thread I'll just be happy that it's clear there are untold amounts of bitcoin addresses & private keys to cope with mainstream adoption & a big future for bitcoin. The complex mathematics, facts & figures are too much for me, I'm gone Grin

the math is quite simple.  mostly just multiplication. 
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
August 02, 2015, 07:48:33 AM
#31
2256 = 2(10)(256/10)

103= 1000 = 210 (yeah I know 210 is equal to 1024 but let's assume it's like that.

Then; 2256 = 10256*3/10 = 1077

78 digit number. It's more than that of course.

"then the total number of hydrogen atoms would be roughly 1082" http://www.universetoday.com/36302/atoms-in-the-universe/

There's 1 private key for each hydrogen atom in the universe.

This kind of shit is very impressive but far too much for the likes of me to understand Grin. After reading many of the comments in this thread I'll just be happy that it's clear there are untold amounts of bitcoin addresses & private keys to cope with mainstream adoption & a big future for bitcoin. The complex mathematics, facts & figures are too much for me, I'm gone Grin
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
August 02, 2015, 03:05:49 AM
#30
Our planet has approximately 7 billion people on it. Let's ignore the problems of population growth for the moment and assume we will always have 7 billion people.

Now let's also assume that starting this very second, all those people (our global population of seven billion) each begins to click the button to generate a new bitcoin address every second.

"WHY ARE YOU GENERATING SO MANY FUCKING ADDRESSES! You're going to cause a bitcoin address collision!" yells the supreme bitcoin chancellor of Earth. "STOP IT!" ಠ_ಠ

Let's pretend everyone's in on the joke, and they all ignore him.
( ͡° ͜ʖ ͡°)

With every human on Earth, all generating a new address every second it would still take about 6.5 billion years in order for there to be a 50/50 chance of a bitcoin address collision. For there to be approximately a 99% chance of a collision, the assholes would need to keep up this buffonery for about 11.7 billion years total.


http://www.reddit.com/r/Bitcoin/comments/3fgrk5/how_long_would_we_have_to_use_bitcoin_before_we/
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
July 31, 2015, 07:17:39 PM
#29
Whether this picture explain that the number is nearly unlimited?
Or can still be calculated?

It doesn't.  It gives an explanation of how big it is with a picture of a bitcoin symbol
drawn in the sand at a beach.

2^128, 2^160, or 2^256 are not "extremely large numbers" in the world of
large number mathematics.  But they are all big enough that collisions or
brute forcing are both unfeasible.

sr. member
Activity: 392
Merit: 268
Tips welcomed: 1CF4GhXX1RhCaGzWztgE1YZZUcSpoqTbsJ
July 31, 2015, 05:40:34 PM
#28
I don't really understand but he is really cute and fluffy!
http://knowyourmeme.com/memes/the-alot
The Alot is a fictional mammalian creature with brown fur invented by Allie Brosh, the creator of the webcomic Hyperbole and a Half. The creature was inspired by the common grammatical error writing the phrase “a lot” as “alot.” The Alot is often referenced when someone has made the error in a discussion thread to point out the mistake in a lighthearted manner.

This is perfect for all those errors... Are there ones for those that are "defiantly confidant"?  Tongue
full member
Activity: 206
Merit: 100
July 31, 2015, 05:39:01 PM
#27
I don't really understand but he is really cute and fluffy!
http://knowyourmeme.com/memes/the-alot
The Alot is a fictional mammalian creature with brown fur invented by Allie Brosh, the creator of the webcomic Hyperbole and a Half. The creature was inspired by the common grammatical error writing the phrase “a lot” as “alot.” The Alot is often referenced when someone has made the error in a discussion thread to point out the mistake in a lighthearted manner.

It's ironic, but the OP actually did not make that mistake.
sr. member
Activity: 392
Merit: 268
Tips welcomed: 1CF4GhXX1RhCaGzWztgE1YZZUcSpoqTbsJ
July 31, 2015, 05:35:29 PM
#26
Whether this picture explain that the number is nearly unlimited?
Or can still be calculated?

The number can easily be calculated. Computers can represent numbers far more vast. They simply use positional notation, like we do, but in base 2. Representing this number should only take 161 bits, which is less than the length of this post.
legendary
Activity: 1022
Merit: 1003
𝓗𝓞𝓓𝓛
July 31, 2015, 05:30:32 PM
#25
Whether this picture explain that the number is nearly unlimited?
Or can still be calculated?
legendary
Activity: 3892
Merit: 4331
July 31, 2015, 04:37:15 PM
#24

Cool concept...I was about to post that imgur reference before I saw that there is already a thread.
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