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Sure, you can represent private keys in many different formats and the keyspace is effectively 160-bit when brute forcing known addresses. I'm just making the p
by jron 11y ago
Sure, you can represent private keys in many different formats and the keyspace is effectively 160-bit when brute forcing known addresses. I'm just making the point that unlike rocks and flags, bitcoin is intangible and more like speech.
If I posted a number which happened to have a value of $14,001 USD in this post, I would be breaking the law. If I sold t-shirts with bitcoin private keys printed on them, I would be considered an unlicensed money transmitter by FinCEN.
- Dylan16807 11y agoSame thing could happen if you point out a safety deposit box you're giving away with a pin of 00000000. It's not really about the number, because I can say 0 all day.
- jron 11y agoUnlike bitcoin, nothing I say in this comment can change the ownership of a safety deposit box. A few more things: 1. Ownership of the deposit box is not define by pin holders 2. Deposit boxes are tangible 3. Deposit boxes and contents have intrinsic value 3. Forgetting a pin doesn't effectively destroy the box and contents 4. The security of a deposit box is not defined by only math I'm not trying to be pedantic, I'm just saying it is more complicated than that.