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0 sats \ 15 replies \ @0xbitcoiner OP 28 Nov \ parent \ on: Question About UTXOs Consolidation bitcoin_beginners
If it's bad practice, for privacy reasons, won't I still be 'exposed' by sending all the utxo's to another address, even if it's a new one?
No, you won't if it's a new address.
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I think you're wrong. When consolidating utxo's, the sender and recipient are exposed on the blockchain. Are you sure?
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What do you mean by
exposed on the Blockchain?reply
recorded and available for others to watch.
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Bitcoin and generally cryptocurrency Blockchains are public ledgers so
recorded and available for others to watch are fundamental features in everyone of them.What I meant by reusing addresses is a bad practice for privacy was basically described here
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So that means you were wrong when you said it:
No, you won't if it's a new address. #786171
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I think you just didn’t get @0xbitcoiner‘s point: in the case of consolidation, all inputs are linked together, no matter if he sends them to a new address or not.
I would still use a new address since this slightly increases privacy: with a new address, it is not guaranteed that the output belongs to the same owner of the first address.
I must not be understanding something. What's the difference in terms of privacy in sending all utxo's to a new address or to address 1?