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> there is no verification that the address even exists Bitcoin addresses are created with a built in checksum code. Generally speaking, it is not possible to
by NavinF 6y ago
> there is no verification that the address even exists
Bitcoin addresses are created with a built in checksum code. Generally speaking, it is not possible to send Bitcoin to a mistyped address.
- nisegami 6y agoWasn't GP talking more about valid but non-existent addressed? I'm guessing this is essentially the same as sending it to an address for which the key has been lost.
- NavinF 6y agoYes, but that's pretty uncommon in practice. Why would anyone ask you to send money to a valid address that they don't own? It can't be a transcription error because the checksum would catch that It's like sending gold over snailmail to a random address
- andirk 6y agoAnd what happens if one sends gold over snailmail to a random address? You need to finish your analogy.