Waste of bitcoin addresses

[dragospirvu75]

Oh, I didn't know Satoshi said that. If he said that so, then I trust it. Thanks!

[1715441321]

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[1715441321]

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[1715441321]

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[1715441321]

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[1715441321]

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[Pmalek]

Don't think of Bitcoin as your bank account or as Ethereum where you have one address and you can constantly spend and reuse the same address over and over again. As mentioned previously, Bitcoin works with inputs and outputs. Think of them as individual banknotes. Each time you receive a new transaction, you get a new paper bill. No matter where you put that bill (in which address you receive the coins), it always remains a bill of that size.

If it's a $100, you are forced to spend all of it, if you don't have any other bills. What you owe will be sent to the recipient, the rest goes back to you as a new banknote. Electrum is account-based. It's like paying with a debit card. If you have $100 in your Ethereum account/debit card and you spend $10 of it, the remaining balance is left on the same card/account.

That's why you can't think of Bitcoin in the traditional sense.   

[dragospirvu75]

It makes sense, thanks!

[crwth]

I'm happy that you replied to my question, dragospirvu75. I thought it was going to be flooded out or something. Thank you for the time that you spent answering it. So I understand that now, you have a new point of view on it? Imagine the influence of Satoshi in every one of us, this is so amazing.

[dragospirvu75]

You're welcome, thank you too, I always read all replies on my topics. Yes, I have a new point of view of it, I understand now that's perfectly okay to use addresses only once. To me, Satoshi will always be the greatest scientist/engineer of monetary system, and I hope Bitcoin will have a mass adoption. I always pay in Bitcoin when I have the chance (common guys, we are not in 2010 anymore when bitcoins that worth 2 pizzas will bring you hundreds of millions of $ later) and run a full node, because I trully support Bitcoin. Cheers!