Post
Topic
Board Bitcoin Discussion
Re: Just lost $4000 because of addresses starting with "bc1p"
by
Guessti
on 20/12/2022, 04:09:06 UTC
Whoever decided this was a good idea is a MORON.

Did you even think about people who verify address by looking at first few letters/numbers of address?



Because this is the easiest verification method, after a while people don't do it because they keep shortening the process (underestimating).

Quote
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.

Thanks a lot whoever thought it was a good idea to have "bc1p" on every address.  Embarrassed Angry Huh
My years in this field have never once thought of creating this type of address, are you a developer? Afaik, the taproot address isn't yet active on the bitcoin network. So it will be good news for you if it becomes active one day and your previous transactions will also be recorded on the blockchain. cmiiw

Exchanges/payments apps like CoinBase/CashApp/Venmo all using these now I noticed.

I never once sent to wrong address before now.. I haven't been doing too much with crypto the past year or so.. but DAMN I can't believe someone thought this was a good idea. :/