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Bitcoin => Bitcoin Discussion => Topic started by: CryptoDomains on March 15, 2014, 03:02:04 AM



Title: Blockchain Q
Post by: CryptoDomains on March 15, 2014, 03:02:04 AM
New to using Blockchain wallet and have a question.

After opening the wallet I discovered I can add multiple BTC address to receive funds.

Here are my questions...

I imagine I can push or send funds between addresses with the account?

Is this a good way to keep the public address(es) safe by showing no BTC or very little?

Lastly is anyone able to see I pushed/sent BTC between the addresses because if so it defeats the purpose, no?

If I get BTC at one address and push it to another for security yet someone enters the first address into the search and see's what address it went to, why bother!

Thank you



Title: Re: Blockchain Q
Post by: adamstgBit on March 15, 2014, 03:08:36 AM
just create a new address every time you have to receive funds from somone.

the freshly created address will show up as an empty wallet on the Blockchain, this way no one will ever see your previous transactions



Title: Re: Blockchain Q
Post by: CryptoDomains on March 15, 2014, 03:14:05 AM
Ahhhh that's great I guess but in the event a business is using the same address over and over and wants to move the BTC as to not tempt anyone seeing that address activity.Am I correct in assuming pushing the BTC into another address within the same blockchain wallet is private? In the sense a blockchain search will not reveal the receiving address.


Title: Re: Blockchain Q
Post by: alani123 on March 15, 2014, 03:21:21 AM
All transactions are permanently stored in the blockchain.

A blockchain explorer in blockchain.info

Everyone can see the transaction of every public address


Title: Re: Blockchain Q
Post by: adamstgBit on March 15, 2014, 03:25:55 AM
Ahhhh that's great I guess but in the event a business is using the same address over and over and wants to move the BTC as to not tempt anyone seeing that address activity.Am I correct in assuming pushing the BTC into another address within the same blockchain wallet is private? In the sense a blockchain search will not reveal the receiving address.

no, all transactions are publicly logged forever, the fact that you're moving the funds too and from an address you control makes no difference.
if you don't want anyone seeing your previous transactions,  all you can do is use a new address every time you want to receive funds.


Title: Re: Blockchain Q
Post by: CryptoDomains on March 15, 2014, 03:26:04 AM
All transactions are permanently stored in the blockchain.

A blockchain explorer in blockchain.info

Everyone can see the transaction of every public address

Ok interesting point and perhaps the word public.

So what you are saying is if I put a public address in search I can see every transaction including the addresses the bitcoin went to, correct.

Secondly you say public, when opening the wallet at blockchain and address(es) a box popped up and asked if I wanted it to be public. I did not check that box off, was that a good idea, is this the public you speak of.


Title: Re: Blockchain Q
Post by: CryptoDomains on March 15, 2014, 03:27:07 AM
Ahhhh that's great I guess but in the event a business is using the same address over and over and wants to move the BTC as to not tempt anyone seeing that address activity.Am I correct in assuming pushing the BTC into another address within the same blockchain wallet is private? In the sense a blockchain search will not reveal the receiving address.

no, all transactions are publicly logged forever, the fact that you're moving the funds too and from an address you control makes no difference.
if you don't want anyone seeing your previous transactions,  all you can do is use a new address every time you want to receive funds.

Ok, thank you, so I guess pubic or not, it`s public lol


Title: Re: Blockchain Q
Post by: Armis on March 15, 2014, 03:39:02 AM
what you are apparently trying to do is to create a hidden or 'cold wallet', it takes a bit more steps to achieve your goal, here is the tutorial:

https://www.youtube.com/watch?v=K0cGvUFBNEQ&list=PLEUe0yAulQTtJp-KuUVxx_acD0B4cOh7o




Title: Re: Blockchain Q
Post by: CryptoDomains on March 15, 2014, 03:40:10 AM
Thank you