someone could get lucky and randomly guess satoshi's private key and you would all instantly lose your life savings. yes it probably won't happen but it still could and there would be nothing stopping it and nothing to protect or reverse if it did. this shit is so fucking stupid did you ever think for a second just how stupid that is? and why it actually makes sense to have centralized authorities to prevent something like this? the chance of generating satoshi's key is just the same as the chance of generating whatever key is actually generated, unlikely but not impossible.
Let me get this straight
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This would suck a lot.... but if it did happen at least it would be a white man who was smart enough to figure this out and wouldn't be some stupid feral pavement ape stealing my monies... which I wouldn't be able to live with
I don’t think you understand probability. This isn’t like winning the lottery, this is like brute forcing for millions of years and still not getting it
We’ll see if quantum computers manage to break SHA-256, but I doubt it
DELET
We could also theoretically all be made of cheese.
I don't think you understand the concept of "could". There is no indication that OP thinks the likelihood is large enough to be a risk. This is the mark of a normie: see an IF statement and ignore the clause, and focus on the probability.
i understand probability. the point is it could happen at any instant and there would be nothing to stop it or fix things afterwards. will it? probably not, but the fact that it could with no recourse is a huge problem, and makes the design of the entire system fucking stupid. that is why it makes sense to have central authorities who can fix things in a situation like that.
There's less atoms in the universe than possible private keys. Good luck!
There are more private keys than atoms in the universe or some shit
There are probably, right at this moment, people spending insane amounts of ressources trying to get into these wallets. Odds are very low they will succeed with current methods, but it's not just one guy typing random one random number at a time. There's also the bitcoin collider project who managed to crack a few random keys. Again, odds are low that out of all the keys they crack, it turn out to be this one since afaik this project works a bit randomly, but it could happen.