2. Purpose and Benefits of Vanity Bitcoin Addresses:
2.1 Personalization:
Vanity Bitcoin addresses allow individuals to personalize their transactions by incorporating specific patterns or words that hold personal significance. For example, one could create an address that contains their name, birthdate, or a meaningful word, making it easier to remember and associate with their identity.
And here is the problem, it makes it easier to scam people.
For example, your name here is Sinzu:
PubAddress:
1SinzuYFiFL2Gf1UR4jdnwPJg6pKAN8TyPriv (WIF): p2pkh:L3nRvtdjyKkFeitSQQ2Bb3AT5mYYF8cYP5AVYb6BR6xa4pFNA5dV
Priv (HEX): 0xC3DB4DE3280A86C267885786BDACDAEC34F40444B280A6AD5CBF805B7F6F75BE
And just created another address with your prefix in seconds:
PubAddress:
1SinzumcbY1sFNuuEpsg8kTf3Copb1uziPriv (WIF): p2pkh:KyRTMC8SQHT4DjLkRZDTsWj11wVmbnPYFQErc57YYTkwi9HxTK9A
Priv (HEX): 0x41B76A047F6AB03D2E82AD69667CF778B68B5117AF5BBEA3C9319EA7E150F77A
1SinzuYFiFL2Gf1UR4jdnwPJg6pKAN8Ty1SinzumcbY1sFNuuEpsg8kTf3Copb1uziLet's assume that first address belongs to you and the 2nd address belongs to scammer. Psychologically, address that starts with 1Sinzu, for me, will be associated with you and if it happens that your account got hacked or someone tries to scam people with your name, scammer will look more legitimate if she creates another vanity bitcoin address that traditionally starts with 1Sinzu.
So, I prefer random address over customized one for safety.
You just blew my mind..... I never looked at it from this angle but then again wow