Let $p = (p_x)_{x \in Z}$ be an i.i.d collection of $(0,1)$ valued random variables with common distribution $\alpha$. For fixed $p$, let $X = (X_n)_{n \in N_0}$ be the Markov chain on $Z$, starting at $X_0 = 0$, with transition probabilities $P(X_{n+1}=y|X_n = x) = p_x$ if $y = x+1, =1-p_x$ if $y=x-1, =0$ otherwise.
What will happen if $p_x = 1/2$ for all $x$? The problem is at that time I am getting probability measure is always zero for any element of the sigma algebra of the probability space which cannot be. What is the mistake I am making?