Post
Topic
Board Bitcoin Discussion
Re: Just lost $4000 because of addresses starting with "bc1p"
by
Charles-Tim
on 20/12/2022, 03:52:36 UTC
What are you implying? You lost $4000 or you just feel like posting something?

You can identify the type of a bitcoin address by looking at the first letters of it. If it starts with "1", it's a legacy address. If it starts with "3", it's a P2SH address. If it starts with "bc1q", it's a native segwit and if the first 4 letters are "bc1p", it's a taproot address.Oct 18, 2021
Also know that pay-to-tap-root is a modified version of native segwit.

Did you even think about people who verify address by looking at first few letters/numbers of address?
I do check the first few, middle and few last few characters which I prefer.

I usually do both, the first few and last few but I mainly always went by the first few digits to make sure I didn't accidently copy/paste wrong address.
There is possibility that two or more different addresses would start with the same first few characters and ended to be different addresses. Example:

1EEoqxSat3 followed by the rest of an address can also be 1EEoqxSat3 followed by the rest of another address with less then a months worth of GPU computing power. And with all the GPU rigs not doing much after ETH went PoS there are a lot of them out there not doing much.