Topic: How many bitcoin address you have ? - page 2. (Read 3036 times)

There is a good reason to use new address for every new transaction. Stop people from peaking into what your spend your coin on.

Not possible, there is a limit (which will take a very very long time) to the amount of addresses, but its virtually unlimited.

The more you use bitcoin the more addresses you (should) have. Some people might have 1 or 2 while others might have thousands already.

Thanks for the very informative post. 

Trezor looks great, but it would not be practical to carry a giant device around, and it doesn't seem to support the smartphone anyway. Which still means partitioning funds into a smaller mobile wallet.

Would be great to hear your thoughts on the other wallets, when you have the time.

Oh wow, I had no idea!! Crazy!

blockchain.info is very difficult to use in a privacy protecting way because you have to change your behavior.  You have to tell it to create a new address each time you want someone to sent you BTC (not too bad).  You can use the shared send advanced function (costs a bit more BUT it will automatically generate a new change address for every send and you will be mixing your transaction in with a lot of other transactions and this is great for privacy).  You can generate your own change addressed by hand and set up your transactions to have good privacy behavior in the advanced send tab but you have to do this all by hand.  I really love the blockchain.info wallet and I use it whenever I want to to a coinjoin (shared send) transaction but you have to be very careful how you use it.

Then, here it the real problem with that wallet:  you have to remember to back up the wallet pretty much after every transaction.  I have mine set to send me an email containing my encrypted wallet after every new keypair is created.  Painful.  And because I am using the email system it is not that secure, so I only use it to hold a minimum amount of BTC.

That is why I highly recommend deterministic wallets.  Get yourself a deterministic wallet and you will never look back.  All you have to do is keep the seed safe and secure and then you never have to make another backup again(!) because every receive address and every change address is determined and can be recovered from that single seed.  Very cool.

So, you back up the seed on paper, make a few copies, laminate them, keep one in a safe hidden location in your house, another in an offsite safe location, etc.  You can even be very clever and store half the seed one place and the other half at a different location.

Of the deterministic wallets the Trezor hardware wallet is probably the safest but it costs $120 for the device.  My favorite Android deterministic wallet is "Wallet32".  There are others to choose from just look around for them or I will get a list together and post it if I get time.

Oh, no! Deleting an address is like killing a pet!

Just delete the address right away! No way to recycle it.
I have 4 addresses for different source.

Nice try IRS 

So, I only currently have a few addresses.


Sounds worthy. But, how do you change the default behavior of the blockchain.info wallet, and how do you manage key backup if each transaction creates a new set of keys?

I have unlimited addresses.

The advantage to multiple addresses is that it protects your privacy. If you use only one address, then everyone that can associate your address with you knows:

1. how many bitcoins you have,
2. where all your bitcoins have come from, and
3. everyone you have ever sent them to.

I have only one currently, I can't grasp the idea of having hundreds of addresses.. Since I use blockchain. Can anyone clarify why you need 100s, and is it better to use an actual program then a site like blockchain?

I just don't know. It doesn't matter at all.

OK, my private keys (18k+) are on site. May I put a link here? Or should we teach all noobs forever in this forum?

I have 2, one with nothing, one with 0.00569927. I have some more invested in btc jam though.

Less than one. No option for that? 

Your jokes are funny to experienced users however they may confuse all the noobs in this thread.  Yes, private keys living free and easy, published on the web.  ROTFL here.  Thanks.

It was a joke, man!
I've put my used private keys on the web. Let they live free, not in [encrypted] wallet!

Why do you all hate Bitcoin so much?  I joke, kind of.  Please consider cleaning up your act.  Every person that behaves this way is a weak link in the Bitcoin system.  And you know what they say about the chain and the weakest link.  You are not just flushing your own privacy down the toilet but the privacy of everyone who sends you BTC and everyone you send BTC to and by extrapolation you are hurting the privacy of everyone who uses Bitcoin and damaging Bitcoin itself.

You do not have to personally keep track of all the addresses you use.  A good wallet will do all that for you.  Just switch to a good wallet.