Post
Topic
Board Bitcoin Discussion
Re: What are the odds we'll find a collision by the time the last bitcoin gets mined?
by
Cryptoman
on 24/03/2011, 04:14:41 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.

The chance is probably way less than the chance that a bank's computers and all of their backups will get destroyed and there will be no way of recovering bank deposits.  Has that prevented people from using banks?