Post
Topic
Board Development & Technical Discussion
Re: How to Create a Bitcoin Receive Address from a Coin Flip
by
fasbit
on 27/02/2015, 00:47:05 UTC
Big, issue, you flip same coin 256 times, so you loose entropy

Care to explain that one?

If I flip heads 20 times in a row using a fair coin what is the odds that it will come up heads on the next flip?



50% < A true "fair coin" has no idea what you flipped in the past... so its 50%/50% ..period
In fact, I would argue, that as you approached 256 flips, you would get bored and would gradually change your enthusiasm and energy, thereby adding entropy.