Quote from: sana98212 on February 19, 2017, 05:39:57 PM

Quote

No I haven't. I have sworn to myself to pull this project off without any thinking at all.

Well let's see how the LBC evolves, thankyou.

Of course my answer was sarcasto-ironic (which I often do to stimulate thinking in my discussion counterpart, but it almost never works).
So full verbatim, my answer translates to this:

There are currently P2PKH and P2SH addresses. We search only P2PKH, but we may extend our search to P2SH.

This "If you find collisions BTC will die/will be worth nothing" is FUD. Bitcoin is an evolving system. And yes, LBC may put evolutionary pressure on the P2PKH part right now.
If you look at https://github.com/bitcoin/bips/blob/master/README.mediawiki, you will see that there are other address formats already proposed.

E.g. the now deferred BIP142 defining a P2WPKH format.

Others may follow (I'd propose a true-512bit address format in a BIP myself, but am lacking the time atm. Also I prefer to interact with core devs as few as possible).

In other words: There are so many levels between LBC finding collisions and BTC dying, one can safely assume these two events are not connected. Also I do not believe in the 2nd one.

Rico