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So what good is keeping the coins in separate addresses then? An earlier poster implied that you should keep separate addrs to avoid people knowing how much you
by notheguyouthink 9y ago
So what good is keeping the coins in separate addresses then? An earlier poster implied that you should keep separate addrs to avoid people knowing how much you have in full - but if you still have to wash the coins to separate accounts, what good is that? You're still washing all your coins - how many addrs you have seems like a side detail.
The only thing I can think of that separate addrs gives you, is that you can have a small amount of the coin in an address that you use for daily transactions. Meaning each transaction doesn't need to be washed, because you don't care about that address.
Am I missing something?
- SXX 9y ago> So what good is keeping the coins in separate addresses then? Publishing of your public key slightly decrease security of your coins. While ECDSA is strong it's still safer when only hash of your public key (bitcoin address) is known. After all you can always end up with weak key due to software or even hardware bugs. > Am I missing something? You're completely right, but you underestimate how important that little detail is. If you only receive money to different addresses each time then until you actually start spending it's will be impossible to prove that you actually control any of these addresses.
- firethief 9y agoIt's like with session keys for secure communication. Generating different keys for each session doesn't solve all your problems, but there would be no benefit to reusing a nonce key and doing so amplifies certain risks.