5. Since most people believe that collision is possible, then after receiving 0.001 random BTC, they will think, that collision happened (even if it didn't actually happen at all).
I don't think that's the case.
Why not? This happened to me, I came here for an answer, and the first answer I got was "collision happened!".
I know that collision did not happen, because I understand bitcoin enough, so I did not believe this.
If there was someone else in my place, he/she may have very well believed that collision happened, after getting such an answer.
Yeah, the first guy was trolling. That's why you got that response.
a 4 digit combination lock.
you say it will take 9999 attempts to brute force the lock open.. WRONG.
It will take an average of about 5000 tries.
Generating a collision with a specific 160 bit address requires an average of 2
159 attempts.
so a 4 digit combination lock.. one guy has 0002
i brute for attack starting at 0001 in increments of 1 digit.... found 2nd attempt.
now imagine there are 9 other people with random 4 digit combinations..
it is not 9999 chances just to get a used number.. its a MAXIMUM of 9999 chances. and a minimum of 1.
there are more then 1 bitcoin address in existence so divide the MAXIMUM possibilities, by the addresses in existance. and you will have a more accurate value of chance to collide..
saying this is not to cause panic. and others trying to fluff over the numbers, hiding the truth wont help either as thats concealing the truth from people. atleast the bitcoin foundation is working on a solution for this, as collisions are a thing to be weary of.
EDIT: it would take that high number of chances everyone talks about to find a SPECIFIC address. but to just randomly collide with a used address is much much much lower
You keep on talking about a tiny 4 digit number lol.
YOU DON'T HAVE A FUCKING CLUE HOW BIG THESE FUCKING NUMBERS ARE.
... really? Now someone took it from a 4 digit number and reduced it to a low 3 digit number lol.
You guys need to seriously, take a college level math class that talks about exponents and... zeros. lol.
There are so many ways to try and explain this but the people that won't believe it, are probably not mentally capable of figuring out why.