user61846: I had originally posted the following question here:
Is it possible to have a cryptocurrency based on email address?
And now I have come across The Large Bitcoin Collider
I have read on Bitcoin Stackexchange and other places people writing how improbably it is to collide with an existing address with a balance. Some even wrote its astronomically improbable.
But if you look here you'll see that the LBC in a matter of few months has already found over 15 addresses with balance, of which one contained 0.54 BTC: LBC Trophies
Imagine once it starts harnessing more power from users?
Clearly this is a big problem. Right now a Bitcoin address with some balance is akin to a cabin in some woods with no door and a small pouch of gold waiting to be discovered.
My question is, what is the solution to this going to be?
I have a few comments which I'll consider unacceptable. I am listing them and their reasons.
Comment: Even bank account passwords can be cracked and your amount could be stolen.
Invalid: I am not talking about someone trying to specifically attack your bank account with number 123456789 with bank ABC with password wtHMcQ^KB;i9UA6ZPI,VE!r<:3xLkzDlXg.[N0{~214o*/h+(W>O@me?-J_#&|`8. I am talking about attackers randomly going through private keys and checking if they have a balance.
That's it for now.
I am going to look forward to some good solutions.

user49354: "My question is, what is the solution to this going to be?" there is no solution. it is by design that collisions can be found. i really think that people who are searching for collisions are using their computing power quite inefficient because the gains are probably very small. so mining would be more profitable.

61846: <p>I had originally posted the following question here:</p>

<p><a href="https://bitcoin.stackexchange.com/questions/60734/is-it-possible-to-have-a-cryptocurrency-based-on-email-address">Is it possible to have a cryptocurrency based on email address?</a></p>

<p>And now I have come across <a href="https://lbc.cryptoguru.org/about" rel="nofollow noreferrer">The Large Bitcoin Collider</a></p>

<p>I have read on Bitcoin Stackexchange and other places people writing how improbably it is to collide with an existing address with a balance. Some even wrote its astronomically improbable.</p>

<p>But if you look here you'll see that the LBC in a matter of few months has already found over 15 addresses with balance, of which one contained 0.54 BTC: <a href="https://lbc.cryptoguru.org/trophies" rel="nofollow noreferrer">LBC Trophies</a></p>

<p>Imagine once it starts harnessing more power from users?</p>

<p>Clearly this is a big problem. Right now a Bitcoin address with some balance is akin to a cabin in some woods with no door and a small pouch of gold waiting to be discovered.</p>

<p>My question is, what is the solution to this going to be?</p>

<p>I have a few comments which I'll consider unacceptable. I am listing them and their reasons.</p>

<p>Comment: Even bank account passwords can be cracked and your amount could be stolen.
Invalid: I am not talking about someone trying to specifically attack your bank account with number 123456789 with bank ABC with password wtHMcQ^KB;i9UA6ZPI,VE!r&lt;:3xLkzDlXg.[N0{~214o*/h+(W>O@me?-J_#&amp;|`8. I am talking about attackers randomly going through private keys and checking if they have a balance.</p>

<p>That's it for now.</p>

<p>I am going to look forward to some good solutions.</p>
 49354: <p>"My question is, what is the solution to this going to be?" there is no solution. it is by design that collisions can be found. i really think that people who are searching for collisions are using their computing power quite inefficient because the gains are probably very small. so mining would be more profitable.</p>
