How does this work exactly? I'm assuming it just generates every possible bitcoin address and therefore the associated private key, but if that address was locked with a password or something would the private key alone allow you to transfer the coins out of the address?
How does this work exactly? I'm assuming it just generates every possible bitcoin address and therefore the associated private key, but if that address was locked with a password or something would the private key alone allow you to transfer the coins out of the address?
Yes, the private key is all you need to sign a transfer transaction to send the coins anywhere.