Why publicise your wallet address - page 2.

SquirrelJulietGarden

hero member

Activity: 1442

Merit: 775

Quote from: sheenshane on March 16, 2021, 06:55:16 PM

I tend to agree and I also have a Bitcoin address on my profile for the purpose of proof of ownership, we don't know what will happen next when our valuable account in the forum will get hacked. So, in able to recover, you can simply sign a message on that address as proof of ownership besides on the staking address thread mentioned above.

Address on your profile can easily be changed by your or hackers. It does not make any sense to prove your ownership if your account is hacked. The signed message and the post was quoted by someone else with your staked address help you.

Your signed message won't make much sense if it was not quoted by any others. You or hackers can delete or edit that post. Data scrapers can have their unofficial data but it belongs another thing. The forum has its trash can that can help too. However, for public eyes, a signed message that is quoted makes more sense.

Quote

If you're concerned is privacy while holding a big fund, you can create your cold storage wallet for the purpose of saving a huge fund separate to the address that you've used in the forum, to avoid not being linked from the Bitcoin address that you've used in forum, you may able to use mixer service to increase your anonymity.

It is a leak and take care of yourself if you do so. Leak when be seen or archived, can not be deleted. So make sure that the address you add to your signature or profile won't harm you at any levels.

sheenshane

legendary

Activity: 2492

Merit: 1232

Quote from: dkbit98 on March 16, 2021, 02:28:39 PM

Quote from: Mr.right85 on March 16, 2021, 12:39:35 PM

Is it really necessary to put it up in your profile?

No it's not necessary, but some members are using that address as a safety measure for their forum accounts with signing a message and posting it in this topic Stake your Bitcoin address here.
This address doesn't have to be used for any transactions and you are using it just as a proof of ownership.

I tend to agree and I also have a Bitcoin address on my profile for the purpose of proof of ownership, we don't know what will happen next when our valuable account in the forum will get hacked. So, in able to recover, you can simply sign a message on that address as proof of ownership besides on the staking address thread mentioned above.

If you're concerned is privacy while holding a big fund, you can create your cold storage wallet for the purpose of saving a huge fund separate to the address that you've used in the forum, to avoid not being linked from the Bitcoin address that you've used in forum, you may able to use mixer service to increase your anonymity.

There's nothing wrong IMO, putting Bitcoin address on our profile, which we know not all of our fund saving there.

Welsh

staff

Activity: 3304

Merit: 4115

Quote from: NeuroticFish on March 16, 2021, 12:55:31 PM

Although I do have an address in my profile, if/when I receive money in that address I change the address. And I advise everybody do the same.

Your advice is good advice if not a little bit extreme. The majority of people would probably just benefit from putting an address in their profile specifically for this forum, rather than changing it every time they receive Bitcoin. Maybe, if the amount begins to stack up, and its more money than your comfortable showing to the world, then you could change it.

Basically, my advice would be to never post your addresses where you store a significant amount of Bitcoin in, unless you are aware of the risks of publicly showing what you hold, because as soon as you do you'll likely be a bigger priority for malicious attacks. Of course, you could make sure that your Bitcoin is stored on a offline computer or something equivalent, but you would still be a target in other ways. Attackers might want to steal your Bitcointalk account if you value it, and try to ransom it.

Other than bragging rights, there's no real reason to publicly post your "main" addresses. There are a few exceptions maybe, when its a requirement to prove you own said funds before purchasing something.

dkbit98

legendary

Activity: 2212

Merit: 7064

Quote from: Mr.right85 on March 16, 2021, 12:39:35 PM

Is it really necessary to put it up in your profile?

No it's not necessary, but some members are using that address as a safety measure for their forum accounts with signing a message and posting it in this topic Stake your Bitcoin address here.
This address doesn't have to be used for any transactions and you are using it just as a proof of ownership.

Important thing for Bitcoin privacy is not reusing addresses as much as possible to increase your privacy, and you can have many btc addresses without any connection between them.

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

Quote from: Mr.right85 on March 16, 2021, 12:39:35 PM

What necessitates wallet address publicity?

I know the bitcoin address is a public one compared to its key that appears to be private but then,

Is it really necessary to put it up in your profile?
Doesn't it feel like putting yourself in harms way?

I've seen a couple of posts talking about brute forcing a wallet by hackers and scammers in a bid to open it up. I'm yet to hear a success testimonial in the complaints of an affected user though i wish not for such thing but,

Isn't it best not to put yourself in harms way by not publicising it without due course?
Aside from brute forcing and other means of attempted hack, should your identity be compromised and the contents of your wallet is known, it makes you a target and that shit isn't fun.

So, what really is the reason behind wallet address publicity, is there a transparency to be proved or something else?

You no need to put your primary wallet address which is holding millions worth of BTC under your profile, even though if you did then no one is going to find you who actually you in real world because no one is going to use their actual name in the bitcointalk. And bruteforcing the recover seed is almost impossible because I read somewhere that even the super computers needs hundreds of years to brute force it.

examplens

legendary

Activity: 3472

Merit: 3507

Crypto Swap Exchange

Now we had a lot of tools that pick all Bitcoin (also some other currency)addresses and their relation to forum profile. Check https://loyce.club/ or https://ninjastic.space for example. So, it is enough to write a post with your address once, at least deleted immediately afterwards, it is already written in the log somewhere.
If someone thinks it is, therefore, more subject to hack or brute force, even if it’s that simple you can hide your address. For example List of all Bitcoin addresses with a balance

Changing BTC address in the profile is okay if the change occurs on a monthly basis. But if I need almost every day to make that change, this is completely pointless and a waste of time.

Smartvirus

legendary

Activity: 1554

Merit: 1139

Mainly, I think its because of the tips and sometimes in campaigns, it proves payment for the managers following the transparent nature of the wallet address. There is any harm in having it publicised, thats why its called a public address.

With regards to the forum, it provides additional advantage in cases of a possible hack of your account. Should a signed message be provided, it goes far to prove your in control of the address attached to the account and makes the recovery steps from the hacker the more easier. Thats one advantage of being able to sign a message on an address and having it published as well.

Again, compromised identity is barely possible on btt as, the forum holds no tieds to your outside life private details except for your mail which is always hidden by default. So, a compromised identity is most likely not to be forum related except its you compromised yourself.

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Quote from: Mr.right85 on March 16, 2021, 12:39:35 PM

So, what really is the reason behind wallet address publicity, is there a transparency to be proved or something else?

Putting the wallet publicly in the profile helps for:
* people seeing an address of yours in case they want to tip you
* people seeing an address of yours for doing business

Although I do have an address in my profile, if/when I receive money in that address I change the address. And I advise everybody do the same.

Even more, it's advised to put an address of yours (and a signed message) in this thread to help recovering your account in case it gets hacked.

bitmover

legendary

Activity: 2352

Merit: 6089

bitcoindata.science

Quote from: Mr.right85 on March 16, 2021, 12:39:35 PM

What necessitates wallet address publicity?

I know the bitcoin address is a public one compared to its key that appears to be private but then,

Is it really necessary to put it up in your profile?
Doesn't it feel like putting yourself in harms way?

There a few reasons to put a BTC address in your profile here in bitcointalk:

1 - You can sign a message from this address to recover your account, in case you lose it or it gets hacked.
just like this topic: https://bitcointalksearch.org/topic/stake-your-bitcoin-address-here-996318

2 - Someone might give you a donation, in case you helped someone.

Quote

I've seen a couple of posts talking about brute forcing a wallet by hackers and scammers in a bid to open it up. I'm yet to hear a success testimonial in the complaints of an affected user though i wish not for such thing but,

Isn't it best not to put yourself in harms way by not publicising it without due course?
Aside from brute forcing and other means of attempted hack, should your identity be compromised and the contents of your wallet is known, it makes you a target and that shit isn't fun.

In any way that address should be use to put your life savings into it. Usually people just use an address with zero or very low balance for that.
So, there isn't really a privacy problem in putting an address in your profile.

It is also impossible to brute force a bitcoin address just by knowing the address.

Mr.right85

hero member

Activity: 1036

Merit: 674

What necessitates wallet address publicity?

I know the bitcoin address is a public one compared to its key that appears to be private but then,

Is it really necessary to put it up in your profile?
Doesn't it feel like putting yourself in harms way?

I've seen a couple of posts talking about brute forcing a wallet by hackers and scammers in a bid to open it up. I'm yet to hear a success testimonial in the complaints of an affected user though i wish not for such thing but,

Isn't it best not to put yourself in harms way by not publicising it without due course?
Aside from brute forcing and other means of attempted hack, should your identity be compromised and the contents of your wallet is known, it makes you a target and that shit isn't fun.

So, what really is the reason behind wallet address publicity, is there a transparency to be proved or something else?

Topic: Why publicise your wallet address - page 2. (Read 424 times)