Post
Topic
Board Bitcoin Discussion
Re: What are the odds we'll find a collision by the time the last bitcoin gets mined?
by
theymos
on 24/03/2011, 04:04:26 UTC
I get that the chance is very, very, very  small. But unless there is no chance at all there is still a chance. All I am saying is that there should be a check to make sure that a new address does not exist already.

There's also a chance your dollars will spontaneously combust... Checking is a waste of time, and if the address already exists when you generate it, then you're the one who gets to steal the previous balance of the address.