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Author Topic: Hot swapping wallets?  (Read 1120 times)
andrew
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July 21, 2010, 09:23:59 AM
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Hello I have a few questions..

Is it possible to 'hot swap' wallets so that if I want to spend money from different wallets I can do it without stopping and starting the client?

If it is not possible yet would it be difficult to implement? How much of the client is connected to the wallet? and do other nodes know who someone is via their wallet? For example could I be tracked by where my wallet is being used to receive (not spend) coins?
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There are several different types of Bitcoin clients. Server-assisted clients like blockchain.info rely on centralized servers to do their network verification for them. Although the server can't steal the client's bitcoins directly, it can easily execute double-spending-style attacks against the client.
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dete
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July 22, 2010, 04:13:05 AM
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So far as the rest of the world is concerned, each address you generate is completely unique.  If you create two addresses, there's no way for anyone to connect the two of them (unless you transfer money between them a bunch of times).

There's no reason to swap wallets, and you run the risk of messing it up and losing coins...

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July 26, 2010, 01:52:43 PM
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So far as the rest of the world is concerned, each address you generate is completely unique.  If you create two addresses, there's no way for anyone to connect the two of them (unless you transfer money between them a bunch of times).

There's no reason to swap wallets, and you run the risk of messing it up and losing coins...

However there is currently also no way to control which address any payment you make comes from. So you could be unwittingly connecting "Grandmas  birthday money" to "Hot goat porn". Which could lead to some loss of anonymity.

But no, you cannot currently hot swap wallets.

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July 26, 2010, 06:04:43 PM
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There's no reason to swap wallets, and you run the risk of messing it up and losing coins...

There are plenty of reasons to swap wallets.  I can think of disaster recovery and de-centralization (non-SPOF) scenarios where you absolutely would want to move around wallets.

Here's hoping they will turn on db4's AES encryption for wallets, by default, too!

Jeff Garzik, bitcoin core dev team and BitPay engineer; opinions are my own, not my employer.
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