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To expand on this, quite a few wallet apps nowadays default to using a fresh wallet per transaction as a privacy measure, further inflating the number of wallet
by yellowapple 6y ago
To expand on this, quite a few wallet apps nowadays default to using a fresh wallet per transaction as a privacy measure, further inflating the number of wallets relative to the monetary supply.
- sennight 6y agoNo, you are confusing "wallet" with "address". A wallet is little more than a seed for an RNG and a log of transactions. Every new transaction starts with a source address and results in two destination addresses: the primary destination (payee) address and the address where the remainder of the source balance goes. You definitely want to maintain control of your change, so your wallet uses the seed to deterministically generate a keypair for a new address and that is where your change gets sent. I've got no interest in digging into their methodology, but feel pretty comfortable assuming that they've grossly misrepresented all of the above as "accounts".
- CobsterLock 6y agoi dont mean to be condescending, but how could they implement privacy without centralizing? like the bitcoin card provide must hold all your assets for you for you to gain privacy, no?
- seanyesmunt 6y agoI believe they were talking about Bitcoin wallets, not card providers.
- fomine3 6y agoIs it worth for privacy even though transfer is trackable?