Generating Bitcoin Addresses with Coin Flips: Is It Safe?

Whoa, hold up! If you’re just flipping a coin 256 times, you’re limited to 256^2 possibilities for a Bitcoin address. That’s only 65536 combinations. Regular Bitcoin addresses have way more options like 2^256, which is a ridiculous number. Don't go this route.

Nah, that's not right. 256 flips actually give you 2^256 possibilities for creating an address.

Wait, how does that work? If you get 256 heads or tails, doesn’t that mean you just have two options for each flip?

Check this out. Think of it like this: for a 1-bit key, you’ve got 0 and 1. For a 2-bit key, you have combinations like 00, 01, 10, 11. It grows exponentially with each bit added. So more flips mean way more combinations.

Got it, that clears things up. Thanks for breaking it down!

It all depends on how you do it. If the coin is perfect and you flip 256 at once, you might get true randomness. Doing single flips can introduce bias. Using the right setup could actually save time and give better results.

You’re replying to an ancient thread here, but if JanKoenig thinks he can guess my flips, let him try!