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Author Topic: Why to NOT use old bitcoin addresses?  (Read 714 times)
GCInc.
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July 23, 2011, 09:57:59 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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spruce
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July 23, 2011, 10:00:36 AM
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It helps with anonymity. You can promote a single receive address if you want — Wikileaks does.
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July 23, 2011, 10:03:36 AM
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So it'll be hard for people to track how much bitcoins you have. Besides, the idea is anonymity. Cheesy

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GCInc.
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July 23, 2011, 10:08:30 AM
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Are there any risks for sender anonymity making repeated transfers if the receiver is using a static bitcoin address?

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July 23, 2011, 10:08:51 AM
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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.

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OmegaNemesis28
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July 23, 2011, 10:44:43 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!

I'm not one for donations but if you must go ahead and I will keep you in mind. =)
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July 23, 2011, 06:26:55 PM
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Or you could just tell one person to send 10.0012 and the other to send 10.0013 btc Smiley

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July 23, 2011, 07:35:45 PM
 #8

Two addresses is easier and more foolproof.
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