Topic: Advice wanted: Using One Address (Read 1707 times)
take a look at vanity addresses, you can create your desired address and even put your name in it.
Just use vanitygen and generate your own unique address 
https://bitcointalksearch.org/topic/vanitygen-vanity-bitcoin-address-generatorminer-v022-25804
Download the window binaries, run it, import the privatekey of your new address to your wallet software (electrim bitcoin-qt armory, etc)
and then just proceed to use it.
thanks for advice and info https://bitcointalksearch.org/topic/vanitygen-vanity-bitcoin-address-generatorminer-v022-25804
Download the window binaries, run it, import the privatekey of your new address to your wallet software (electrim bitcoin-qt armory, etc)
and then just proceed to use it.
There is a potential problem with reusing public addresses, the reusing works by "accident", not by design.
It is considered a bad practice, and not something that should be done. Nevertheless I personally have a vanity addy which I reuse for small transactions.
https://en.bitcoin.it/wiki/Address_reuse
The security part: as long as an address only received bitcoins, only the address is known. But once you spent some coins from that address, its public key is known (public address is a double hash of a public key). Theoretically, having your public keys out there could be more vulnerable than having only their sha256+ripemd160 hashes out there.
It is considered a bad practice, and not something that should be done. Nevertheless I personally have a vanity addy which I reuse for small transactions.
https://en.bitcoin.it/wiki/Address_reuse
The security part: as long as an address only received bitcoins, only the address is known. But once you spent some coins from that address, its public key is known (public address is a double hash of a public key). Theoretically, having your public keys out there could be more vulnerable than having only their sha256+ripemd160 hashes out there.
True. When your public key is known, the security is lowered from 160bits to 128bits. But the good news, it is still impossible to brute-force your private keys.
For your information: https://bitcointalksearch.org/topic/m.6577161
So if OP doesn't carry much about the privacy issue, it shouldn't be a problem.
Hi folks, newbie here. I'm looking for some advice please.
I really want to have a permanent public address that I use to receive Bitcoins. By this I mean that I use this address everywhere online (and on my business cards). Anyone who wants to can then check my name and address online and see what address is mine.
I've seen people talk about privacy issues but I don't really understand why. If there is a problem with doing this, is there anything else that I can do to mitigate the risks?
I've seen onename.io allow you to do this so I'm assuming that having one address that you publicly claim s yours can't be too much of a problem.
Thanks!
I really want to have a permanent public address that I use to receive Bitcoins. By this I mean that I use this address everywhere online (and on my business cards). Anyone who wants to can then check my name and address online and see what address is mine.
I've seen people talk about privacy issues but I don't really understand why. If there is a problem with doing this, is there anything else that I can do to mitigate the risks?
I've seen onename.io allow you to do this so I'm assuming that having one address that you publicly claim s yours can't be too much of a problem.
Thanks!
The advice comes from Satoshi's original paper.
You might want want to read it to know his reasons, but you are not obliged to follow the advice and might have your own reasons for not doing it
using one address is ok as long as ur ok with people knowing how much btc u have. its also a good idea for merchants as customers can always verify they've paid you
I would use multiple address for each transaction.
So I can record them easily.
So I can record them easily.
There is a potential problem with reusing public addresses, the reusing works by "accident", not by design.
It is considered a bad practice, and not something that should be done. Nevertheless I personally have a vanity addy which I reuse for small transactions.
https://en.bitcoin.it/wiki/Address_reuse
The security part: as long as an address only received bitcoins, only the address is known. But once you spent some coins from that address, its public key is known (public address is a double hash of a public key). Theoretically, having your public keys out there could be more vulnerable than having only their sha256+ripemd160 hashes out there.
It is considered a bad practice, and not something that should be done. Nevertheless I personally have a vanity addy which I reuse for small transactions.
https://en.bitcoin.it/wiki/Address_reuse
The security part: as long as an address only received bitcoins, only the address is known. But once you spent some coins from that address, its public key is known (public address is a double hash of a public key). Theoretically, having your public keys out there could be more vulnerable than having only their sha256+ripemd160 hashes out there.
Very interesting - thanks for this, I had no idea that this was the case.
Just use vanitygen and generate your own unique address
https://bitcointalksearch.org/topic/vanitygen-vanity-bitcoin-address-generatorminer-v022-25804
Download the window binaries, run it, import the privatekey of your new address to your wallet software (electrim bitcoin-qt armory, etc)
and then just proceed to use it.
https://bitcointalksearch.org/topic/vanitygen-vanity-bitcoin-address-generatorminer-v022-25804
Download the window binaries, run it, import the privatekey of your new address to your wallet software (electrim bitcoin-qt armory, etc)
and then just proceed to use it.
Fastest tool ever...but an update would be great for still a better performance
Just use vanitygen and generate your own unique address
https://bitcointalksearch.org/topic/vanitygen-vanity-bitcoin-address-generatorminer-v022-25804
Download the window binaries, run it, import the privatekey of your new address to your wallet software (electrim bitcoin-qt armory, etc)
and then just proceed to use it.
https://bitcointalksearch.org/topic/vanitygen-vanity-bitcoin-address-generatorminer-v022-25804
Download the window binaries, run it, import the privatekey of your new address to your wallet software (electrim bitcoin-qt armory, etc)
and then just proceed to use it.
I would split business, privat deals etc.
For business also use one address per customer. It's better for a clean structure and the customer can better comprehend if the payment arrived etc.
For business also use one address per customer. It's better for a clean structure and the customer can better comprehend if the payment arrived etc.
Yes, this is what I would do as well, each customer should have it's own address, that way it is much easier doing some kind of book keeping :-)
Then you could consolidate each money stream into another address to keep an eye on what generated how much money...
There is a potential problem with reusing public addresses, the reusing works by "accident", not by design.
It is considered a bad practice, and not something that should be done. Nevertheless I personally have a vanity addy which I reuse for small transactions.
https://en.bitcoin.it/wiki/Address_reuse
The security part: as long as an address only received bitcoins, only the address is known. But once you spent some coins from that address, its public key is known (public address is a double hash of a public key). Theoretically, having your public keys out there could be more vulnerable than having only their sha256+ripemd160 hashes out there.
It is considered a bad practice, and not something that should be done. Nevertheless I personally have a vanity addy which I reuse for small transactions.
https://en.bitcoin.it/wiki/Address_reuse
The security part: as long as an address only received bitcoins, only the address is known. But once you spent some coins from that address, its public key is known (public address is a double hash of a public key). Theoretically, having your public keys out there could be more vulnerable than having only their sha256+ripemd160 hashes out there.
Whilst I understand it may be considered 'bad practice' I don't think its a concern and all it does is scare a lot of newbs away who are worried they're going to somehow lose their coins if they re-use addresses. That being said, if you want privacy and 'best practice' use new addresses and don't tie them to your real world identity.
for small amount you are same with the use of the same address, but with big amount i prefer to have many , also good vs collision(yeah it won't happen , but it's not impossible)
Very funny
for small amount you are same with the use of the same address, but with big amount i prefer to have many , also good vs collision(yeah it won't happen , but it's not impossible)
There is a potential problem with reusing public addresses, the reusing works by "accident", not by design.
It is considered a bad practice, and not something that should be done. Nevertheless I personally have a vanity addy which I reuse for small transactions.
https://en.bitcoin.it/wiki/Address_reuse
The security part: as long as an address only received bitcoins, only the address is known. But once you spent some coins from that address, its public key is known (public address is a double hash of a public key). Theoretically, having your public keys out there could be more vulnerable than having only their sha256+ripemd160 hashes out there.
It is considered a bad practice, and not something that should be done. Nevertheless I personally have a vanity addy which I reuse for small transactions.
https://en.bitcoin.it/wiki/Address_reuse
The security part: as long as an address only received bitcoins, only the address is known. But once you spent some coins from that address, its public key is known (public address is a double hash of a public key). Theoretically, having your public keys out there could be more vulnerable than having only their sha256+ripemd160 hashes out there.
Hi folks, newbie here. I'm looking for some advice please.
I really want to have a permanent public address that I use to receive Bitcoins. By this I mean that I use this address everywhere online (and on my business cards). Anyone who wants to can then check my name and address online and see what address is mine.
I've seen people talk about privacy issues but I don't really understand why. If there is a problem with doing this, is there anything else that I can do to mitigate the risks?
I've seen onename.io allow you to do this so I'm assuming that having one address that you publicly claim s yours can't be too much of a problem.
Thanks!
I really want to have a permanent public address that I use to receive Bitcoins. By this I mean that I use this address everywhere online (and on my business cards). Anyone who wants to can then check my name and address online and see what address is mine.
I've seen people talk about privacy issues but I don't really understand why. If there is a problem with doing this, is there anything else that I can do to mitigate the risks?
I've seen onename.io allow you to do this so I'm assuming that having one address that you publicly claim s yours can't be too much of a problem.
Thanks!
You obviously don't care much about privacy issues if you're wanting it to be associated to you. The only problem is if you want to keep your finances to yourself or as hidden as they can be, which obviously isn't going to happen if you're putting your bitcoin address on your own personal business card. It's not really an issue other people knowing your address otherwise.
Sure you can use one address only - but if you have problems with ec. police or goverment, than you can be easily linked to one address.
If you use multiple addresses and delete them after transaction, noone can link you with them.
If you use multiple addresses and delete them after transaction, noone can link you with them.
Sorry if this is a stupid question - but how do you mean delete them after the transaction? I thought that transactions were permanently/publicly recorded on the blockchain - so an address can't be deleted?
Delete wallet from pc so if someone get access to you pc, they wont find it there.
You cant delete anything from blockchain tho.
Ah, I see, thanks. It's probably not workable in practice for me to do that as I'm looking to use one address that I can print on business cards etc
Oh... yea if you want to use it on bussiness cards, than it is not usable.
I was talking about personal safety
Sure you can use one address only - but if you have problems with ec. police or goverment, than you can be easily linked to one address.
If you use multiple addresses and delete them after transaction, noone can link you with them.
If you use multiple addresses and delete them after transaction, noone can link you with them.
Sorry if this is a stupid question - but how do you mean delete them after the transaction? I thought that transactions were permanently/publicly recorded on the blockchain - so an address can't be deleted?
Delete wallet from pc so if someone get access to you pc, they wont find it there.
You cant delete anything from blockchain tho.
Ah, I see, thanks. It's probably not workable in practice for me to do that as I'm looking to use one address that I can print on business cards etc
Sure you can use one address only - but if you have problems with ec. police or goverment, than you can be easily linked to one address.
If you use multiple addresses and delete them after transaction, noone can link you with them.
If you use multiple addresses and delete them after transaction, noone can link you with them.
Sorry if this is a stupid question - but how do you mean delete them after the transaction? I thought that transactions were permanently/publicly recorded on the blockchain - so an address can't be deleted?
Delete wallet from pc so if someone get access to you pc, they wont find it there.
You cant delete anything from blockchain tho.
Sure you can use one address only - but if you have problems with ec. police or goverment, than you can be easily linked to one address.
If you use multiple addresses and delete them after transaction, noone can link you with them.
If you use multiple addresses and delete them after transaction, noone can link you with them.
Sorry if this is a stupid question - but how do you mean delete them after the transaction? I thought that transactions were permanently/publicly recorded on the blockchain - so an address can't be deleted?
Sure you can use one address only - but if you have problems with ec. police or goverment, than you can be easily linked to one address.
If you use multiple addresses and delete them after transaction, noone can link you with them.
If you use multiple addresses and delete them after transaction, noone can link you with them.
Jump to: