Topic: Using change addresses does not increase privacy, just fees - page 2. (Read 288 times)

I agree, but I just don't agree that its worth how much more you end up paying in fees over time.

In my case, anyone with block explorer could see where my funds were ending up, it didn't take the FED.

The fact that it has become a norm and forced on the average user is insane. But of course the average user is just going to be sticking to exchanges anyway.

But this is going to scare them away from using own wallet.. 99% of the bitcoin wallet apps don't even have the option to turn this "feature" off.

If you have hundreds or thousands of dollars in bitcoin for example, but have been sending $10 - $50 here and there for example... then come back and send all your bitcoins somewhere you'll find out your bitcoins have been spread across many different wallets now just from spending bitcoin (not receiving because you can have funds sent to same address, this doesn't stop change addresses from spreading your funds over time)

and once again using doge and ltc for small transactions stops this problem in its tracks.

this simple fact is not changing any time soon.

There are levels to privacy right? So while you are correct that using change addresses isn’t going to fool the FBI into thinking you aren’t holding funds, it might fool the casual observer. There are downsides to using change addresses too when it comes to backing up funds. For most users I think the simplicity of using a single address would probably be advised.

You pay more fees when your bitcoins get spread across many different wallets caused by using change addresses.

If your wallet has 1 btc and its gotten spread across multiple wallets "for privacy" this happens when you spend btc. Change addresses.

So you have 1 btc but now its in multiple addresses, so if you spend it you end up paying higher feess than if it sat in 1 single address.

Not sure why people keep trying to argue about something so simple.  

What is a change address? In a UTXO-based cryptocurrency like Bitcoin, a change address is an address to which the remainder of a transaction's inputs are sent after the desired amount has been sent to the recipient.

You don't pay addition fee when you use change address because the output will be only the receiver's address and your sending address (if you don't use change address) or your change address, same outputs I mean.

What is the "Change" address on bitcoin wallet ? read to know !
Learn about UTXOs

Go and learn more about coin control and how bitcoin transaction is before posting rubbish on this forum. You may not know that your post is full of rubbish. After you have known how you can practically use coin control, knowing how to consolidate your inputs when the mempool is less congested, you will know by that time that you have been posting rubbish.

I stated I always have people send at the same exact address.

As you spend bitcoin they get spread accross different addresses then when you spend more than whats in 1 wallet you end up paying higher fees.

Nothing simpler than that.

Stop speaking on stuff you are clueless about.  

It literally has nothing to do with how many times people send you bitcoin. You don't pay fees to receive. **Let me say this again, I have people send at the same exact bitcoin wallet address -- not a bunch of different ones the app generates each time you click receive.

I'll repeat:

Change addresses cause the bitcoins to then be moved across multiple addresses so then when you go to spend your bitcoins again if its more than what 1 address has, now your paying higher fees.

Simple. OK? Stupid YES.

You are still not getting it right just like on your other thread.

It was made clear on your other thread that it is not about change address, it is about how many times people sent you bitcoin.

If Mr. A, B and C sent you 0.01 BTC each on a single bitcoin address making 0.03. And you need 500 sat as fee if you want to send all the 0.3 BTC to Mr. D at once.

If Mr. A sent you 0.01 BTC to your address A, Mr. B sent you 0.01 BTC to your address B, Mr. C sent your 0.1 BTC to address C. Also 500 sat needed as fee for the above transaction would be required for a transaction to Mr. D if you want to smd all at once to Mr. D because both transaction have the same number of inputs which is 3 and sending to the same number of output.

I will keep all my bitcoin on 1 single address thank you and change it when I want.

Not spread it across many different directions/addresses everytime I send some btc causing much higher fees pretending my privacy is enhanced.

What a joke. What a con.

Many ways outside of the blockchain to increase privacy without clogging up bitcoin with such non sense.

I don't care if you think otherwise, I'm pretty mad/pissed/upset about it.

But whatever. Stay ignorant and keep paying higher fees.  

I mean really, do you like when you go to move all your funds at once and realize you really have much less -- cause all the fees that need to happen because now all your bitcoins were spread across many different wallet addresses..

That is appealing to you? OK. Whatever.

EDIT:

For those of you who don't know, pretty much every bitcoin wallet app is forcing you to use these change addresses, and thats why the more you use it the higher your fees have been at random times.

Unless you were sending a small amount and it was pulling that from 1 address, then the fees were normal.

But when you went to spend a higher amount, you were paying higher fees if it had to hit 2, 3, 4, etc wallets that your funds cause "change addressed" to over time.

It wasn't because you were sending more bitcoin, that isn't how bitcoin was meant to work. The fee is always the same no matter the amount as long as all the bitcoins are in 1 bitcoin address.

In the early days when you went to lookup your wallet address on the blockchain you would see all your funds in the wallet.

But now if you do that and had spent bitcoins since then, you'll see they were moved to other wallets. Some funds would stay behind again if you hadn't spent funds since receiving.

This is sick. You don't need this and it doesn't help your privacy not at least in a way thats worth the sick fees you pay over time.

But if you been using an exchange you might never notice, cause they doing it the old way where the fees stay 50 cents to a dollar.

Take coinbase, venmo, cashapp, paypal for example thats what they charge to send btc.

Cashapp lets you send btc free on lightning network but you have to send $25+ otherwise it as an option to pay $1 or $2

If you tried doing this yourself the fees would get out of control over time, because now most wallets for some reason changed to this stupid false privacy enhancement that really does nothing but give you the illusion you have much more privacy. It does cause some people a headache -- but not worth the fees you pay at all over the long run, not even close. And its only getting worse.