From this topic: /index.php?topic=571.msg5712#msg5712
For "shorter addresses"
Bitcoin Addresses are the only place where 160-bit hash is used. Everything else is SHA-256. They're calculated as:
bitcoinaddress = RIPEMD-160(SHA-256(publickey))
Correct me if I'm wrong (please, and I'll gladly eat crow) but I think it would be hard to use an analytical attack on RIPEMD-160 in this case. An analytical attack prescribes a certain range or pattern of inputs to try that will greatly increase your chance of finding a collision. Here, you don't have that kind of control over RIPEMD-160's input, because the input is the output of SHA-256. If an analytical attack helps you find an input to RIPEMD-160 that produces a collision, what are you going to do with it? You still have to get SHA-256 to output that value, so you would still have to break SHA-256 too.
For brute force, RIPEMD-160(SHA-256(x)) is no stronger than RIPEMD-160 alone. But for analytical attack, it seems like you must analytical attack both RIPEMD-160 and SHA-256. If I'm wrong, then the strength is the same as RIPEMD-160 and the SHA-256 only serves as one round of key strengthening.