How many addresses do you think the average bitcoin user has? - page 6.

Bizmark13

sr. member

Activity: 462

Merit: 250

I actively use about two or three addresses at any given time, one of which was the first address I ever used. These addresses comprise my "hot" wallet. In total, I have probably used about 10 addresses including change addresses. About half of all the addresses I used were generated via Electrum's deterministic seed feature. The rest are/were addresses generated using Vanitygen which comprise(d) my "cold" wallet.

Quote from: Soros Shorts on August 02, 2014, 02:36:25 AM

It is a good habit to never use a receiving address more than once.

Quote from: MineForeman.com on August 02, 2014, 03:45:28 AM

Depends, if all you do is keep bitcoins in them no. As soon as you use them (i.e. spend the coins etc..) you should not use that key again, the process of spending actually removes one of the two layers of the security (RIPEMD).

These statements seem to contradict each other. So security-wise, there is nothing wrong with depositing multiple times into a cold paper wallet address right? Just as long as the bitcoins in that cold wallet are never spent?

But wouldn't such a cold address also fit the definition of a receiving address as well? Huh

MineForeman.com

legendary

Activity: 896

Merit: 1000

Quote from: Possum577 on August 01, 2014, 11:54:00 PM

I have fewer than ten bitcoin addresses. Anyone think that leaves me exposed to unnecessary risk?

Depends, if all you do is keep bitcoins in them no. As soon as you use them (i.e. spend the coins etc..) you should not use that key again, the process of spending actually removes one of the two layers of the security (RIPEMD).

On top of that you have the whole anonymity problem and re-using addresses makes it a lot easier to track YOU down and use a crowbar attack on your funds. (The crowbar attack is where someone hits you with a crowbar until you give up your keys)

Neil

Soros Shorts

donator

Activity: 1617

Merit: 1012

Define "average bitcoin user"?

I would guess the longer the user has been around and the more active they are then the more addresses they'd have.

It is a good habit to never use a receiving address more than once. For example, I mine and I change my withdrawal address at the pool after each withdrawal, which is a few times a week.

Swordsoffreedom

legendary

Activity: 2884

Merit: 1115

Leading Crypto Sports Betting & Casino Platform

Quote from: bigasic on August 01, 2014, 11:57:21 PM

I believe Satoshi stated that we should use a new address for each transaction for added security.

Yes that is to ensure anonymity a one use address can't really be followed while a set of transactions to one address can

That said an average user has perhaps 10-15 active if you include single use addresses that number might be anywhere from 40 to a few hundred depending on how active they are in transferring and moving their bitcoins.

bigasic

hero member

Activity: 924

Merit: 1000

I believe Satoshi stated that we should use a new address for each transaction for added security.

Possum577

sr. member

Activity: 434

Merit: 250

Loose lips sink sigs!

I have fewer than ten bitcoin addresses. Anyone think that leaves me exposed to unnecessary risk?

guitarplinker

legendary

Activity: 1694

Merit: 1024

I use about 5 addresses at a time. In total I've probably uaes about 25 addresses or so.

MineForeman.com

legendary

Activity: 896

Merit: 1000

Quote from: bander on August 01, 2014, 01:03:37 PM

as the title states, whats the average number of wallet addresses per bitcoin user? With the ability to trace transactions and link people together based on publically posted keys, I know many people (including myself) have generated unique addresses for nearly all transactions just to be safe. My guess is somewhere around 40-50 addresses at this point in time.. what are your guy's thoughts?

God only knows! Thousands

I have a few cold storage keys, one for MinePeon donations, but the rest of them..... The idea is not to hold onto keys like that. It actually decreases the security of you money and.... why? It is not like it costs to make them.

It is kind of like keeping your old toilet paper Tongue

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Neil

alani123

legendary

Activity: 2422

Merit: 1451

Leading Crypto Sports Betting & Casino Platform

Through all the wallets I've used, I've surely created more than 200 addresses. Many of them I didn't even use. But I'd never like people to associate at how much I get paid and from by simply looking at a public address through the blockchain. And there would not be a problem if eveyone would do the same. Practically, there can be 2^160 adresses. Wonder how big this number is? Let's say there are 6b humans in this earth. If we divide the max possible number of addresses to this number, each human could have 243583610000000000000000000000000000000. Also recreating the same address would be nearly impossible.

lemfuture

hero member

Activity: 686

Merit: 500

everyday i use a new one

Fiyasko

legendary

Activity: 1428

Merit: 1001

Okey Dokey Lokey

I only USE about three, and dump&use a new one each new transaction, So I have about 70 addresses

Pente

hero member

Activity: 528

Merit: 527

I actually only use 5 for now. Two large ones for receive only, 3 for small stuff.

goose20

legendary

Activity: 1173

Merit: 1000

Anyone involved in btc, would and should have many addresses. There's so many to go around, why not make use of them.
Its the whole purpose.
20 addresses

niktitan132

legendary

Activity: 1036

Merit: 1000

Well,i have now over 80 addresses most of them are change addresses which mixed my BTC in electrum wallet.

Lucky Cris

sr. member

Activity: 280

Merit: 250

Man... this is a tough one! lol only counting those that's ever had a balance... prolly about 200

Meuh6879

legendary

Activity: 1512

Merit: 1012

17 adress ... increase every 7 days. Wink

dserrano5

legendary

Activity: 1974

Merit: 1029

I have 24 UTXOs right now. Past address usage must be around ~200 I guess.

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: bander on August 01, 2014, 01:03:37 PM

I know many people (including myself) have generated unique addresses for nearly all transactions just to be safe.

It's a travesty that creating unique addresses for each incoming transaction is considered special, instead of just assumed to be the right way to do things.

A handful of wallet developers have done an incalculable amount of harm to Bitcoin by pushing the address reuse paradigm, the ones at blockchain.info being at the very top of the list.

DannyHamilton

legendary

Activity: 3472

Merit: 4794

Since Bitcoin Core (previously Bitcoin-Qt) pre-generates 100 addresses for each wallet, and since I've had a few Bitcoin-Qt (and Bitcoin Core) wallets since I started using bitcoin, I'm certain that I've generated several hundred addresses.

Of course, many of those addresses have never held a single satoshi (and probably never will).

If we are counting "generated" addresses (instead of addresses that have actually held value at some time), then we also need to consider the millions of addresses that are generated every day while people try to create vanity addresses.

Assuming that you are just talking about addresses that have actually held some value at some point in the past, the number is much smaller. Every transaction I send uses a brand new address for the change, and I use a brand new address every time I receive bitcoins from anyone. I'd have a hard time guessing just how many I've used, but I feel like it's got to be more than 300 (just considering the escrows I've handled, if nothing else).

franky1

legendary

Activity: 4270

Merit: 4534

i use only 6 private keys (my own wallet) but if you want to include public keys i used to receive funds (throw away addresses before sweeping to cold store) or deposit addresses on exchanges i have access to, well.. alot

i estimate more then 300 addresses have passed through my copy&paste usage or qr code maker to then pass out to people to pay me

Topic: How many addresses do you think the average bitcoin user has? - page 6. (Read 7051 times)