Post
Topic
Board Bitcoin Discussion
Merits 4 from 3 users
Re: same private key?
by
o_e_l_e_o
on 27/06/2020, 08:01:06 UTC
⭐ Merited by TheArchaeologist (2) ,vapourminer (1) ,ETFbitcoin (1)
The whole security system for bitcoin is not that it is impossible (which would be good) but that it is vvvveeerrryyy unlikely.
It is impossible to have a security system which is impossible to hack, and as far as security systems go, bitcoin's is pretty darn good.

Given that most 2FA codes are 6 digits long, there is a 1 in 106 chance of someone guessing your 2FA code.
Assuming an average house lock as 8 tumblers, and each tumbler can adopt one of 10 positions, then there is a 1 in 108 chance that someone will be able to guess your exact house key shape and unlock your door.
Given a standard credit card has a 15 or 16 digit number on it, there is at most a 1 in 1016 chance that someone will be able to guess your credit card number.
If you use a password manager to generate a long and totally random 16 character password, drawing from the full ASCII 95 character set of upper and lowercase letters, numbers, and symbols, (e.g. CY\u4"=t{rV%;N9S), there is a 1 in 4.4*1031 chance of someone guessing it.

The chance of someone correctly guessing your password, your 2FA code, your credit card number, and the key to your house simultaneously is 4.4*1061, which is still around 2 thousand trillion times more likely than them guessing your private key.