Post
Topic
Board Development & Technical Discussion
Re: How long to hack an address that is used to send BTC multiple times?
by
leopard2
on 05/01/2018, 00:55:20 UTC

Especially, when you can improve all 3 of those situations by simply generating a new address for EVERY transaction?  A business wouldn't re-use an invoice number, why would you re-use a bitcoin address?


I don't want to diss you but are you from another planet?

The invoice number? A Bitcoin address is more like a customer ID, which remains fixed!

It would be much more convenient for businesses or individuals, to provide their counterparties with fixed addresses for further use.
 
Otherwise a new one would have to be created everytime someone sends you a payment. What a nuisance! And imagine this is done automatically, and a partial payment is received: CHAOS, CONFUSION and MAYHEM!

For privacy you would need a new private key (HD) every time anyways. But if you want privacy, BTC is not the right crypto.

I guess a company with good blockchain knowledge could try and create 1 private key per customer, then issuing a different address on that key for each invoice. But for the average company/individual that is way too much overhead.

So yes I do think address re-use should be fully supported.