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I'd like to make PlunderCoin, basically the network sits computing EC public keys for all possible private keys and when it runs into a Bitcoin/ETH wallet with
by tornato7 6y ago
I'd like to make PlunderCoin, basically the network sits computing EC public keys for all possible private keys and when it runs into a Bitcoin/ETH wallet with money in it, that gets liquidated and distributed to PlunderCoin holders.
- StavrosK 6y agoAren't the odds such that even if you got everyone on earth generating keys, you still would be extremely unlikely to even find one?
- JauntyHatAngle 6y agoYes. Last time I checked if all hash power of btc tried to find a collision it would still take a few hundred million years or so.
- biztos 6y agoThis could be an advantage! If the market truly prices in the entire future, PlunderCoin should be worth trillions! Now if we can just get Masayoshi Son on board and use the word "quantum" a lot!
- whoooooo123 6y agoYes, except keys aren't distributed uniformly. Some people foolishly generate their random key using low-entropy seeds e.g. "English words". There are already people running scripts which look for these kind of easily-guessable keys in the wild; I've read reports from people getting their coins stolen because they used a stupid, guessable private key.
- jcpham2 6y agoDistribution is mining nonces also not random
- yerwhat01010 6y agoMaybe I'm thick, but I don't understand what your comment means. Can you elaborate?
- leesalminen 6y agoI think what the parent is saying is that these English word nonce generators are far more likely to use the word “house” and “fork” than it is to use “onomatopoeia” or “fuck”. Thus, limiting the range of words likely to be used, leading to more easily guessed phrases. Also, I could be as thick as you ;).
- jcpham2 6y agoI’m having a hard time citing an organofcorti link or what I’ve read in the past regarding ASIC miner nonce generation but it’s not distributed across the entire possible key space evenly; iirc most miners state at zero and increment up or start at the end and decrement nonces or even start at the middle, etc - the distribution is not random. I may even be mistakenly referring to the satoshi nonces
- tromp 6y agoYou can start from this list of all Bitcoin private keys: https://lbc.cryptoguru.org/dio/ https://lbc.cryptoguru.org/dio/
- madog 6y agoThis Large Bitcoin Collider is similar to Plundercoin and is actually quite interesting [1]. It's a distributed brute force attempt on every possible bitcoin key, I believe initially based on a mysterious bitcoin puzzle transaction [2]. The puzzle was created as a canary in the coalmine to see the current number of key bits from 1-256 that can be brute forced. Each address had the corresponding number of bits in it's key and an increasing reward. So far it's been broken for just over 60 bit keys [3] [1]: https://lbc.cryptoguru.org/about https://lbc.cryptoguru.org/about [2]: https://bitcointalk.org/index.php?topic=5218972 https://bitcointalk.org/index.php?topic=5218972 [3]: https://www.blockchain.com/btc/tx/08389f34c98c606322740c0be6a7125d9860bb8d5cb182c02f98461e5fa6cd15 https://www.blockchain.com/btc/tx/08389f34c98c606322740c0be6...
- jbob2000 6y agoSimilarly, how about a NosferatuCoin? This coin’s value is related to how much energy you drew from the power grid in order to mine it. More power? More money!
- newswasboring 6y agoThat's just bitcoin, isn't it?
- jbob2000 6y agoUh, isn’t that what this thread is about? Making up joke coins to parody Bitcoin?
- newswasboring 6y agoA parody would require a significant change in the original. This is just bitcoin, reworded :P. But yes I see what you are saying.
- kristopolous 6y agoDo it and I'll make one to plunder the plunder!