Post
Topic
Board Mycelium
Re: Mycelium Bitcoin Wallet
by
gtraah
on 17/09/2014, 09:18:06 UTC

The current version does not use separate change addresses, but the next version will. However, this is unrelated to being able to spend 'change sent back to self'. When you send a transaction you almost always have a change output which goes back to one of your own addresses (unless you spend exactly all value of your unspent outputs). Most wallet implementations allow you to spend that change immediately without confirmation as you are not expected to double spend yourself.



Ohno  Shocked I really REALLY hope this does not effect the way I transact as this is the reason I use this wallet..hopefully you can ease my mind by answering a couple more queries thanks buddy--- In regards Change addresses, I am very curious why this needs to be implemented if it is going back to the same address? Isn't this just a waste of transaction on the BTC blockchain as well as waste of time.

In regards to the next version, I assume there is no need for fee's with this 2nd change address transaction? Is there an option to Not have any seperate change addresses and ONLY use the 1 address, if be it then it can send the change back to the same address, I just really hate having so many different addresses ESPECIALLY if I am spending from a cold storage?  CHange addresses make me uncomfortable and I find them useless for what I do, in your new version will everything work how it is working now but with more options and obviously differently in the background ? Lets say If I spend some BTC from a cold address is it going be exactly how it is now, as in my precious Key will stay the same and I do not have to keep changing private keys and creating endless backups?


(think NFC version of Trezor).  

Quote
I am not saying that we will not do it, but it is not as trivial as it may seem.

It's not trivial at all.  

+10 Now this is one HELL of an Idea, many mobiles use NFC now, if you can utilize this, you have not hit the nail in the head , you have literally smashed the nail on the head, this would make You phone a Complete VAULT+ Bank + ATM + POS + Anything you want to do lol

I was thinking something even more simple, Like how Bither use there offline and Online versions of the wallet.