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Topic: Just lost $4000 because of addresses starting with "bc1p" - page 3. (Read 582 times)

mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
So.. how did you lose your money exactly? You sent the funds to the wrong address because of the first 4 characters?

If so, sorry for your loss — but maybe you need to be more careful when sending that high of an amount. Always remember that taking extra 5-10 seconds doublechecking the address wouldn't hurt.
legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
You can identify the type of a bitcoin address by looking at the first letters of it. If it starts with "1", it's a legacy address. If it starts with "3", it's a P2SH address. If it starts with "bc1q", it's a native segwit and if the first 4 letters are "bc1p", it's a taproot address.
Pay-to-tap-root is a modified version of native segwit.

Did you even think about people who verify address by looking at first few letters/numbers of address?
I do check the first few, middle and last few characters which I prefer.

I usually do both, the first few and last few but I mainly always went by the first few digits to make sure I didn't accidently copy/paste wrong address.
There is possibility that two or more different addresses would start with the same first few characters and ended to be different addresses.

1EEoqxSat3 followed by the rest of an address can also be 1EEoqxSat3 followed by the rest of another address with less then a months worth of GPU computing power. And with all the GPU rigs not doing much after ETH went PoS there are a lot of them out there not doing much.
jr. member
Activity: 91
Merit: 5
What is a Bitcoin address that starts with B?
You can identify the type of a bitcoin address by looking at the first letters of it. If it starts with "1", it's a legacy address. If it starts with "3", it's a P2SH address. If it starts with "bc1q", it's a native segwit and if the first 4 letters are "bc1p", it's a taproot address.Oct 18, 2021


Whoever decided this was a good idea is a MORON. (and me too now but damn)

Did you even think about people who verify address by looking at first few letters/numbers of address?

I usually do both, the first few and last few but I mainly always went by the first few digits to make sure I didn't accidently copy/paste wrong address.

Thanks a lot whoever thought it was a good idea to have "bc1p" on every address.  Embarrassed Angry Huh

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