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Topic: How come nobody generates an existing Private key (Read 611 times)

hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
But what is the probability that it will be discussed again?

1 - x

Where x is the odds of a collision while generating truly random private keys.

Beautiful response.
legendary
Activity: 3528
Merit: 4945
But what is the probability that it will be discussed again?

1 - x

Where x is the odds of a collision while generating truly random private keys.
member
Activity: 88
Merit: 10
99.99%
legendary
Activity: 3528
Merit: 4945

That would be a link to the exact same discussion I linked to already?

guess this has been discussed.

Yes. Many times in the past four years.
member
Activity: 92
Merit: 10
here is a post dealing with the question:
https://bitcointalksearch.org/topic/what-are-the-chances-of-an-address-collision-and-what-happens-when-it-does-104461
guess this has been discussed.
possible but extremely not probable...
 Smiley
guess i will sleep better now.
legendary
Activity: 3528
Merit: 4945
thanks for the quick reply totaleclipseofthebank
so can i gather a collision between keys [addresses] is possible but not probable?

This depends on what you mean by "possible".  The human mind seems to have a difficult time understanding just how "big" really big numbers are.

Would you say it is "possible but not probable" that you will "be struck by lightning while taking a crap every year for 17 years in a row"?
member
Activity: 92
Merit: 10
thanks for the quick reply totaleclipseofthebank
so can i gather a collision between keys [addresses] is possible but not probable?
member
Activity: 92
Merit: 10
So, maybe I am a missing something here but how come nobody generates an existing Private key [by chance/mistake] and gets access to an existing wallet?
i know it's a one in a zillion chance [or even less] but even so,
 does it not make it a little less safe?
and the more people use bitcoins and more wallets and keys they use, does this chance not grow?
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