Pages:
Author

Topic: What happens if I send coin to an address that is unclaimed? - page 2. (Read 1727 times)

full member
Activity: 210
Merit: 100
Not for hire.
"It seems you don't know very well how bitcoin works"

You must be a fucking prodigy.  Why else do people post questions on the nature of bitcoin in this section?

It seems to me like if I send money to an address that is unclaimed there are two ways the situation could turn out.  Either all keys for all addresses are pre-determined and anyone randomly (or otherwise) getting that key would have the bitcoins sent *or* the act of sending the coins to an address creates a secondary key that I don't know, making it inaccessible either forever or until it is somehow cracked.
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
+1 what tbcoin said

Well what happens then, does that address become "created" if it has not been already once I send coins?  Seems weird, how would the go codes for that account be set?
It seems you don't know very well how bitcoin works. There are no "accounts". Addresses aren't "created". They just exist. An address is just a private key and it's public key. If you send btc to a key, then only someone with the related private key can use them. If no one has it then coins are lost, unless someone eventually get that address, wich is like almost impossible, even if you check billions of address per second until the universe death  Smiley
legendary
Activity: 1022
Merit: 1000
Well what happens then, does that address become "created" if it has not been already once I send coins?  Seems weird, how would the go codes for that account be set?

example

I can encrypt a file with the password 123, which is decrypted only with the password 456.
I don't need that 123 or 456 exist anywhere.
If a thousand years after you generate the key pair and have 123 and 456, you can decrypt my file.

It should emphasize the improbability of duplicate addresses.
full member
Activity: 210
Merit: 100
Not for hire.
Well what happens then, does that address become "created" if it has not been already once I send coins?  Seems weird, how would the go codes for that account be set?
legendary
Activity: 4466
Merit: 3391
If I send coin to an address that has not yet been claimed, will anyone eventually, randomly choosing that address get lucky with extra money?

Figured this is a good place for this question, didn't see anything about it being asked before.

It is possible but extremely unlikely. If you don't have the private key for the address you might as well consider the coins as lost forever.
legendary
Activity: 1022
Merit: 1000
If I send coin to an address that has not yet been claimed, will anyone eventually, randomly choosing that address get lucky with extra money?

Figured this is a good place for this question, didn't see anything about it being asked before.

Keep in mind that the addresses are created without checks, is just as likely to generate any address existing with balance.
full member
Activity: 210
Merit: 100
Not for hire.
If I send coin to an address that has not yet been claimed, will anyone eventually, randomly choosing that address get lucky with extra money?

Figured this is a good place for this question, didn't see anything about it being asked before.
Pages:
Jump to: