Bitcoin Forum
June 18, 2024, 11:14:53 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: If reusing addresses is a bad idea then why...  (Read 1835 times)
BurtW
Legendary
*
Offline Offline

Activity: 2646
Merit: 1136

All paid signature campaigns should be banned.


View Profile WWW
August 10, 2014, 05:29:51 PM
 #21

I think the whole thing about reusing addresses is just a precautionary measure to make it safer, but I don't think it's something you need to worry about.
Why?  Explain yourself.

I explained in detail above why address reuse is a bad idea and hurts Bitcoin, the idea of Bitcoin, the privacy and fungibility of Bitcoin, etc.

Do the same with your off the cuff comment.

I really don't see how it's realistically a problem at all.
Then you obviously do not know what the hell you are talking about.

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
1986
Full Member
***
Offline Offline

Activity: 165
Merit: 100


View Profile
August 10, 2014, 05:32:40 PM
 #22

I think the whole thing about reusing addresses is just a precautionary measure to make it safer, but I don't think it's something you need to worry about.
Why?  Explain yourself.

I explained in detail above why address reuse is a bad idea and hurts Bitcoin, the idea of Bitcoin, the privacy and fungibility of Bitcoin, etc.

Do the same with your off the cuff comment.

I really don't see how it's realistically a problem at all.
Then you obviously do not know what the hell you are talking about.

Please briefly explain to me why it's a problem, and merely for 'privacy' reasons isnt a problem.
BowieMan
Full Member
***
Offline Offline

Activity: 154
Merit: 100


Is there life on Mars?


View Profile
August 10, 2014, 05:32:50 PM
 #23

I think the whole thing about reusing addresses is just a precautionary measure to make it safer, but I don't think it's something you need to worry about.
Why?  Explain yourself.

I explained in detail above why address reuse is a bad idea and hurts Bitcoin, the idea of Bitcoin, the privacy and fungibility of Bitcoin, etc.

Do the same with your off the cuff comment.

I really don't see how it's realistically a problem at all.
Then you obviously do not know what the hell you are talking about.

Nah, it isn't that big of a problem in certain cases. If you just want to collect donations that you'd have to declare anyways, why not gather them in a single wallet. They didn't expect Bitcoin to become so big and just put up a single address... so what?

▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
PRIMEDICE
The Premier Bitcoin Gambling Experience @PrimeDice
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
edd
Donator
Legendary
*
Offline Offline

Activity: 1414
Merit: 1001



View Profile WWW
August 10, 2014, 05:41:05 PM
 #24

You make some good points, BurtW, but some organizations, especially those receiving donations, appreciate the opportunity for transparency that the blockchain offers. Granted, it requires comprising privacy measures to a certain extent and everyone should be aware of that, but it might be preferable for accountability purposes in some cases.

I guess I agree with you overall, I would just put it this way: "Don't reuse an address or send to a static address without educating yourself on how it might potentially undermine the privacy of yourself and others."

Still around.
Omikifuse
Legendary
*
Offline Offline

Activity: 1792
Merit: 1009



View Profile
August 10, 2014, 07:28:05 PM
 #25

Using multiple addresses is only theoritecally less secure than using only one for multiple transactions. Any way you would expect way more than a lifetime to crack your wallet.

But if you put your private keys in risky situations(connected to computers with internet, at reach of other people that might have the idea to stole it, etc..), sooner or later the change of your keys being compromissed will be high, then it might be a good idea change address from time to time.
 
Mobius
Hero Member
*****
Offline Offline

Activity: 988
Merit: 1000



View Profile
August 11, 2014, 03:21:34 AM
 #26

Using multiple addresses is only theoritecally less secure than using only one for multiple transactions. Any way you would expect way more than a lifetime to crack your wallet.

But if you put your private keys in risky situations(connected to computers with internet, at reach of other people that might have the idea to stole it, etc..), sooner or later the change of your keys being compromissed will be high, then it might be a good idea change address from time to time.
When you use a new address each time you send a TX you will generally use the same wallet. You also do not need to actually send a TX to potentially compromise a wallet if you have it open/loaded on a computer that is potentially compromised/risky.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!