Cryptocurrency with addresses that cannot collide?
I had originally posted the following question here:
Is it possible to have a cryptocurrency based on email address?
And now I have come across The Large Bitcoin Collider
I have read on Bitcoin Stackexchange and other places people writing how improbably it is to collide with an existing address with a balance. Some even wrote its astronomically improbable.
But if you look here you'll see that the LBC in a matter of few months has already found over 15 addresses with balance, of which one contained 0.54 BTC: LBC Trophies
Imagine once it starts harnessing more power from users?
Clearly this is a big problem. Right now a Bitcoin address with some balance is akin to a cabin in some woods with no door and a small pouch of gold waiting to be discovered.
My question is, what is the solution to this going to be?
I have a few comments which I'll consider unacceptable. I am listing them and their reasons.
Comment: Even bank account passwords can be cracked and your amount could be stolen. Invalid: I am not talking about someone trying to specifically attack your bank account with number 123456789 with bank ABC with password wtHMcQ^KB;i9UA6ZPI,VE!r<:3xLkzDlXg.[N0{~214o*/h+(W>O@me?-J_#&|`8. I am talking about attackers randomly going through private keys and checking if they have a balance.
That's it for now.
I am going to look forward to some good solutions.
http://ift.tt/2C2JUBF
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