Author

Topic: Importance of HD wallets on adresses used. (Read 783 times)

hero member
Activity: 770
Merit: 509
HD wallets do not really have much of an effect on the received address count as most people will reuse the same address. It's the outgoing transactions that will get a new change address each time but none-HD wallets do that anyway.

I think your misunderstanding HD wallets.
Honestly I still don't get it myself.

What I would like is to have an address to receive payments (for example, from a job, signature campaign, whatever) that generates new addresses automatically so it's more private. I don't know if this makes sense. Like, giving away a fixed address, but once people pay to that address, i get the coins in through new addresses so it doesn't show up on the blockchain the address i gave publicly. Hope this makes any sense.

what about having address(let's call them "super address") that can't be viewed in the blockchain? could this be possible? it sounds more feasible than your proposal

I would love the option of purposely masking (making it invisible) for certain transactions to be invisible in the blockchain, but that would defeat the principle of transparency that acts as a solution for double spending problems and whatnot..
hero member
Activity: 821
Merit: 1000
HD wallets do not really have much of an effect on the received address count as most people will reuse the same address. It's the outgoing transactions that will get a new change address each time but none-HD wallets do that anyway.

I think your misunderstanding HD wallets.
Honestly I still don't get it myself.

What I would like is to have an address to receive payments (for example, from a job, signature campaign, whatever) that generates new addresses automatically so it's more private. I don't know if this makes sense. Like, giving away a fixed address, but once people pay to that address, i get the coins in through new addresses so it doesn't show up on the blockchain the address i gave publicly. Hope this makes any sense.

This is referred to as a "stealth address" ... Not currently supported in bitcoin but if your interested to know more see my sig as it's fully supported in that crypto currency.
legendary
Activity: 3206
Merit: 1069
HD wallets do not really have much of an effect on the received address count as most people will reuse the same address. It's the outgoing transactions that will get a new change address each time but none-HD wallets do that anyway.

I think your misunderstanding HD wallets.
Honestly I still don't get it myself.

What I would like is to have an address to receive payments (for example, from a job, signature campaign, whatever) that generates new addresses automatically so it's more private. I don't know if this makes sense. Like, giving away a fixed address, but once people pay to that address, i get the coins in through new addresses so it doesn't show up on the blockchain the address i gave publicly. Hope this makes any sense.

what about having address(let's call them "super address") that can't be viewed in the blockchain? could this be possible? it sounds more feasible than your proposal
hero member
Activity: 672
Merit: 500
What I would like is to have an address to receive payments (for example, from a job, signature campaign, whatever) that generates new addresses automatically so it's more private. I don't know if this makes sense. Like, giving away a fixed address, but once people pay to that address, i get the coins in through new addresses so it doesn't show up on the blockchain the address i gave publicly. Hope this makes any sense.

To achieve the level of privacy you wanted with bitcoin, you have to give a different address to each person paying you. You keep them separate in tens of addresses and spend them in a random order.

Another solution is too use a bitcoin mixer.
legendary
Activity: 1512
Merit: 1005
HD wallets do not really have much of an effect on the received address count as most people will reuse the same address. It's the outgoing transactions that will get a new change address each time but none-HD wallets do that anyway.

I think your misunderstanding HD wallets.
Honestly I still don't get it myself.

What I would like is to have an address to receive payments (for example, from a job, signature campaign, whatever) that generates new addresses automatically so it's more private. I don't know if this makes sense. Like, giving away a fixed address, but once people pay to that address, i get the coins in through new addresses so it doesn't show up on the blockchain the address i gave publicly. Hope this makes any sense.

Sounds like magic.
hero member
Activity: 770
Merit: 509
HD wallets do not really have much of an effect on the received address count as most people will reuse the same address. It's the outgoing transactions that will get a new change address each time but none-HD wallets do that anyway.

I think your misunderstanding HD wallets.
Honestly I still don't get it myself.

What I would like is to have an address to receive payments (for example, from a job, signature campaign, whatever) that generates new addresses automatically so it's more private. I don't know if this makes sense. Like, giving away a fixed address, but once people pay to that address, i get the coins in through new addresses so it doesn't show up on the blockchain the address i gave publicly. Hope this makes any sense.
hero member
Activity: 821
Merit: 1000
HD wallets do not really have much of an effect on the received address count as most people will reuse the same address. It's the outgoing transactions that will get a new change address each time but none-HD wallets do that anyway.

I think your misunderstanding HD wallets.
legendary
Activity: 1512
Merit: 1005
I just noticed, that if I have a wallet that I repeatedly pay from, it normally have only one address with coins (the change address of the last payment).

On the other hand, if I have a HD wallet that I only receive bitcoin in, I will have an address per received payment.

So I guess in a wallet actively used both for sending and receiving, there will be something in between. Could we estimate for instance 3 addresses per wallet?

If so, the number of bitcoin users (with their own wallets) would be around 70 000.

Jump to: