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Thursday, 4 February 2021

1 out of 2^256 is still a possibility

As far as I am concerned, a 24 word pnemonic phrase is just a representation of 256 bits (1/0). I saw a video of someone who explained how to obtain a private key by flipping a coin 256 times, hashing the result to complete the following 8 bits and converting the result with the BIP39 worlist.

Could I be getting another user's private key by chance? Or could another user get my result after 256 coin flips? I know the possibility is minimum, but I'm scared.

submitted by /u/borchesfdk
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from Bitcoin - The Internet of Money https://ift.tt/3pMdyA3

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