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/biz/ - Business & Finance

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9296263 No.9296263 [Reply] [Original]

so /biz/, I've been wondering what happens when the maximum number of wallets for a blockchain has been reached? What will new people do? WIll having a wallet become valuable?

>> No.9296270
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9296270

>> No.9296279
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9296279

>>9296263
>he isnt already accumulating wallets
stay poor faget

>> No.9296281
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9296281

>this thread

>> No.9296287

>>9296263
>the maximum number of wallets
It will probably be a while before there are 1,461,501,637,330,902,918,203,684,832,716,283,019,655,932,542,976 wallets, OP.

>> No.9296305

>>9296263
i think it's fairly safe to say that the earth will be destroyed by the sun WAY WAY WAY WAY WAY BEFORE every wallet on the blockchain has been generated

>> No.9296308

>>9296287
that is high

>> No.9296327
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9296327

>> No.9296377

>>9296270
>>9296279
>>9296281
>>9296327
please no bully frens

>> No.9297038

How much for a gen 0 wallet?

>> No.9297079

>>9296263

Don’t invest in blockchains because you don’t even understand the most fundamental concepts. You understand the way a private keys work is that there is a wallet for every private key? So that means that the odds of two people getting the same wallet are equivalent to the odds of two people having the same private key? And that there’s even a website with every wallet already generated but mathematically a list of every wallet is as long as all the possible private keys?

In other words think of it this way, what secures your wallet is the sheer number of wallets that exist. You don’t “generate” a wallet any more than you “generate” a number between 1 and 1000000000000000, the computer simply “takes” one from the existing list. In short when people say it would take 100 trillion years to crack a private key, thats also the exact same odds as two people having the same wallet.

In other words it can’t happen. Thermodynamically speaking it is likelier for the laws of physics to reverse than for this to happen.

>> No.9297266

>>9297079
So it's a possibility then?