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It's likely the Winklevoss brothers have all their coins spread over many addresses. Their wallet will show 100,000+ coins but you can't tell because they are s
by josephagoss 13y ago
It's likely the Winklevoss brothers have all their coins spread over many addresses. Their wallet will show 100,000+ coins but you can't tell because they are spread among many addresses inside the single wallet file. If they use a brain wallet seed they can create unlimited deterministic addresses but only have to remember one key, and you won't see large accumulations of coins.
- pa5tabear 13y agoWhat's the point? Spreading the risk of loss by hack? And reducing their visibility as a target?
- josephagoss 13y agoThe reason is privacy. It's not going to spread the loss of a hack because if the hacker gets the wallet they own all the addresses. One of the core developers theorized that memory corruption at the exact time you sign a transaction could lock away all the bitcoins in a single address. However this has never been observed. (remember every transaction spends the entire balance of an address and returns your coins to the same/or change address, if that change address has 1 bit wrong the entire balance would be lost)