Because Satoshi recommended 1 address for each transaction for security and privacy.
Of course the same wallet may contain more than one address
You didn't really answer my question. My question is why do people use multiple wallets, not addresses. I also use multiple addresses, who doesn't. |
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I think people use more than one wallet because they think it safe enough.
but so far I only have one wallet, I quite feel safe.
Exactly. I find it very weird that people think it is safer to use multiple wallets. I only use 2 Wasleys, and nothing has ever happened to them. |
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I don't think it would have a positive effect on bitcoin. Bitcoin relies on a bunch of economic factors for it to grow like it has been growing.
If the dollar crashes I'm afraid the bitcoin will decrease in value.
If the US dollar does crash, bitcoin value will most probably decrease. But at the same time, this also means that more people will start using bitcoin. |
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If the USA dollar ever sites crash, then bitcoin will become even bigger in the USA and other currencies around the world would have their value shoot up.
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This is very true. Some people believe in Bitcoin and buy multiple Bitcoins, and then there are people that absolutely hate the idea of Bitcoin and will probably only own a couple thousand satoshi.
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So what I am getting from this is that this guy was dancing when no one was needing help. I don't really see how this is a problem. They probably shouldn't be dancing but you don't really have to dis them like this.
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Oh man I really wish I did(and who doesn't). But unfortunately I have spent most of my Bitcoin on steam, buying games and CS:GO and TF2 keys. Trying to earn a Bitcoin now though.
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Man the Australian police are smart. Raid some random guys house that was clearly not the maker of Bitcoin. They probably just wanted a share of his Bitcoin, he doesn't deserve this. Just because he is good with technology, the police assume this, completely disgraceful.
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These bots are so annoying but what they post is sometimes quite enjoyable to read. But now it's just spam bots posting in Spanish which is just very annoying. Hope the mods ban all of these bots. They get nuked in like 2 minutes though. lol.
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I really hope so too. I really don't think bitcoin should be taxed. It's a p2p currency after all. I really shouldn't call bitcoin s currency. To volatile. It's more of an asset.
I doubt that they will tax Bitcoin. If they do, how are they going to do it? |
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I don't really understand how they are going to tax Bitcoin. Are they going to like tax the transactions, there is already miners fees so they are going to really screw up Bitcoin if they do this.
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I recently paid for some local tacos using Bitcoin. My friend who was unfamilar with Bitcoin thought it was strange, like I technically didn't pay for them or something. We got into discussing Bitcoin and one of the questions he asked me was:
"Why would you want Bitcoins instead of cash?". For a second I didn't know what to say; then I thought about it and here is what I came up with. Feel free to contribute to this.
1) More security (especially if you are careful).
2) Bitcoins are a potential investment, cash is not. Paper currency only really goes down in value, Bitcoins have a lot of potential to be worth more as time goes on.
3) Fast, worldwide transactions at your fingertips.
4) Similar to #3, but it's a universal currency. It's legal in most countries of the world and you don't need any kind of currency conversion to send money to people in a different country than your own.
All very good points sir. I disagree with the first one though. With things like Bitcoin debit cards evolving, Bitcoin is slowly losing that level of security. It is just like a credit card which already has a low level of security. |
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For convenience and security.
E.g. multiple wallets (paper) for long term offline storage, a mobile wallet for easy small payments, and a hardware wallet for secure large payments.
You know its been discussed in some threads but seriously still confused. Well this quote always posted here:
'Don't put all your eggs in one basket'
Hope you got it.
There are different options depending on your situation:
Core: if you have the bandwidth and storage capacity to run it. You also support the network by running a node.
Ligthweigth: You don't run the full blockchain, but a "central" chain is used to save bandwidth and storage on your pc. Good if you have a low capacity machine/internet or just don't use bitcoin too often.
Than there are also different types of lightweights, all with their different options and security impelmentations.
All very good points. Thank you for helping me figure out my main point of why people use so many Bitcoin wallets. |
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Bitcoin has a chance of becoming the future currency, in the very distant future. It is not developed enough and not enough people know about it. It is fast, cheap and anonymous. 3 things people love.
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Hmm, I've not noticed. I will need to wait for some other people to chime in. Both my wallets do everything I think I could need them to do.
I know right. I only use 2 as well. 1 on my PC and one on my phone, just like you. Thats all I need and I don't see why other people need more than that. |
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I wasnt aware they did. I only use 2. One on my pc and one on my phone.
Yeah. There has been many topics like this and people say they use many wallets. So I was just wondering why they use multiple wallets. |
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I spend my Bitcoin every week buying CS:GO and TF2 keys for steam. I don't really use sites like purse.io, but I have a couple of times and it is a great website. Bought a gaming headset and mouse from them, very cheap and fast delivery.
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Just wondering why people use so many Bitcoin wallets.
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I'm good! I just reached member so I'm feeling great  |
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That's probably a good prediction of the floor... The trend is extremely upwards and it should continue that way during Christmas and the new year. I hope it stabilises at that level.
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