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> Isn't this an equivalent of giving everybody all over the world permanent read-only access to your bank account? If you read early Bitcoin literature, you'll
by ur-whale 3y ago
> Isn't this an equivalent of giving everybody all over the world permanent read-only access to your bank account?
If you read early Bitcoin literature, you'll discover a number of very clear and vocal warnings against "address re-use".
The protocol was designed so that addies should not ever be used more than once or it would introduce vulnerabilities.
It's indeed kind of like giving everyone permanent read-only access to your bank account.
Except that, if Bitcoin was used as intended, there would only ever be one transaction per account and there would be a new account created for each new transaction, so who cares about the reveal.
It's too bad Satoshi didn't enforce the "one new addie for every new transaction rule) that at the code level (I guess the computational burden might have been an additional problem to solve).