Post
Topic
Board Beginners & Help
Re: How to lose your Bitcoins with CTRL-C CTRL-V
by
LoyceV
on 14/10/2019, 08:35:53 UTC
Just comes to show how careless people are in general. It only takes like what? less than 5 seconds to double check the address you're sending the funds to?
There's more to it than that: when I receive a PM with a payment address, I first have to make absolutely sure it came from the real account. With email, most people don't use encryption. That makes it even more difficult to be absolutely sure the sender is who he says he is.

It is a pity that something cannot be done to shorten the address like with URL shorteners
There used to be a site for this, but it was discontinued (and I forgot the name). But the most unique thing about Bitcoin is being able to make payments without having to rely on third parties, and I wouldn't want to trust them for giving me the correct address.
Google's first result on a search shows a site which Google says may be hacked:
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So you configure that on your own and link it to your address and when you type it, it converts the wallet description to your Bitcoin address.
I see many problems with this, but not a single way to do it absolutely safe.

And even if you would make a safe implementation, you'll lose error correction. Currently, there's a 1 in 4 billion chance of making a typo in a Bitcoin address, that still leads to a valid address. If you shorten the error correction, mistakes become much more likely.

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Obviously people will still have to double check the end result.  Wink
That defeats the purpose Wink