More likely we'll still have plenty of addresses 4 billion years from now (assuming of course humans still exist and we are still using something as ancient and old fashioned as bitcoin).
Or currency.
Topic: What will happen when Bitcoin runs out of addresses? (Read 1562 times)
Or currency.
Hey!
What will happen when Bitcoin runs out of bitcoin addresses, or is that not possible?
What will happen when Bitcoin runs out of bitcoin addresses, or is that not possible?
It will not matter because the Universe ended long before, hehe.
I was just reading the weaknesses list as I was worried that destruction of coins might be an issue (it's not). I also found this relating to this issue:
https://en.bitcoin.it/wiki/Weaknesses#Generating_tons_of_addresses
https://en.bitcoin.it/wiki/Weaknesses#Generating_tons_of_addresses
What will happen when Bitcoin runs out of bitcoin addresses, or is that not possible?
We will run out of humans first.
Even if it happens
It won't.
it is probably possible to fix the problem by using old empty addresses
It isn't.
or by creating new one with a different manner
Unnecessary, for this concern but likely if a weakness is ever discovered in ECDSA, SHA-256, or RIPEMD-160.
Worry more about when we reach the 21 million bitcoins created.
Why?
So that makes 26+26+10 Combination for each step. 27 to 32 letters.
Except we don't use 0,O,I, or l so it's more like 24+25+9 with I think equals 58. Then the last few characters of the address are a checksum to prevent typos resulting in actual addresses. This means they are entirely dependant on the rest of the address and can't change. Perhaps that's why it's called Base58Check encoding.
Try 32^56 adresses.
I've been known to make a mistake on this, but I think you've got your base and your exponent switched there.
Maybe it stops working in 2200 when we are 2 Trillion humans 
More likely we'll still have plenty of addresses 4 billion years from now (assuming of course humans still exist and we are still using something as ancient and old fashioned as bitcoin).
Hey!
What will happen when Bitcoin runs out of bitcoin addresses, or is that not possible?
What will happen when Bitcoin runs out of bitcoin addresses, or is that not possible?
It is certainly possible. You have however, capital letters, non capital letters and numbers. So that makes 26+26+10 Combination for each step. 27 to 32 letters. Try 32^56 adresses. Maybe it stops working in 2200 when we are 2 Trillion humans
Hey!
What will happen when Bitcoin runs out of bitcoin addresses, or is that not possible?
What will happen when Bitcoin runs out of bitcoin addresses, or is that not possible?
I wondered about this myself but the number of addresses was something like 2^97, or pretty much a ridiculously high number. Someone said there's like 100 million addresses for each person in the entire world.
No Bitcoin will not run out of addresses. Worry more about when we reach the 21 million bitcoins created.
run out of what?
Even if it happens, it is probably possible to fix the problem by using old empty addresses, or by creating new one with a different manner
There is an incredible amount of possible addresses.
Combination of possible addresses is immense thus, as mentioned earlier, the possiblity of that whole amount being taken by someone else is pretty impossible at this time.
I would rather worry about what happens when our sun goes nova, because this will most likely happen sooner. There is an incredible amount of possible addresses.
This is really nothing to worry about.
This is really nothing to worry about.
Hey!
What will happen when Bitcoin runs out of bitcoin addresses, or is that not possible?
What will happen when Bitcoin runs out of bitcoin addresses, or is that not possible?
Bitcoin will never out addresses.
Hey!
What will happen when Bitcoin runs out of bitcoin addresses, or is that not possible?
What will happen when Bitcoin runs out of bitcoin addresses, or is that not possible?
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