Yes, I would like to know the answer to that question as well. What is the benefit of having so many addresses? And why does a new address have to be generated each time you make a payment or receive a payment?
What is the difference between tumbling through different wallets or different addresses? What helps to be hidden?
thanks
Put it this way - if you just use one address, and someone finds out that address is connected to you, they can see all the bitcoin transactions you ever made. Probably not what you want
If you use a different address for every transaction, it makes it a much harder job for anyone to track your bitcoin activities.
Wallets are a whole different topic really, the main thing is to encrypt it with a strong password, and keep the password somewhere nowhere else can find it. Ideally in your head.
Are you saying if I went to Overstock.com and used my coinbase e wallet to purchase something, and they have my name, they can see all my bitcoin activity?
Or if I send bitcoins to my wife's wallet, she can then find out all my porn/bitcoin transactions?