Author

Topic: Why to NOT use old bitcoin addresses? (Read 878 times)

legendary
Activity: 3738
Merit: 5127
Whimsical Pants
July 23, 2011, 03:35:45 PM
#8
Two addresses is easier and more foolproof.
full member
Activity: 207
Merit: 100
July 23, 2011, 02:26:55 PM
#7
Or you could just tell one person to send 10.0012 and the other to send 10.0013 btc Smiley
sr. member
Activity: 280
Merit: 250
July 23, 2011, 06:44:43 AM
#6
If two people owe you 10 BTC each, and you give them separate addresses to use when paying, it's easy to tell who it was if only one of them payed.

If you only ever use the same address you just see 10 BTC arrived.


I hadn't thought of it like that even after reading all the different scenarios. Nice!
legendary
Activity: 2730
Merit: 1034
Needs more jiggawatts
July 23, 2011, 06:08:51 AM
#5
If two people owe you 10 BTC each, and you give them separate addresses to use when paying, it's easy to tell who it was if only one of them payed.

If you only ever use the same address you just see 10 BTC arrived.
hero member
Activity: 566
Merit: 500
July 23, 2011, 06:08:30 AM
#4
Are there any risks for sender anonymity making repeated transfers if the receiver is using a static bitcoin address?
member
Activity: 67
Merit: 10
July 23, 2011, 06:03:36 AM
#3
So it'll be hard for people to track how much bitcoins you have. Besides, the idea is anonymity. Cheesy
full member
Activity: 140
Merit: 100
July 23, 2011, 06:00:36 AM
#2
It helps with anonymity. You can promote a single receive address if you want — Wikileaks does.
hero member
Activity: 566
Merit: 500
July 23, 2011, 05:57:59 AM
#1
Another simple question, WHY is it recommended to use a new bitcoin address for different purposes, or even for every transaction? Is there some technological reason behind that, as it would be much clearer to use a single payment address to identify your "bitcoin account" to make it more like the old ways for transferring money that people are used to?

Thank you
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