reply on: Question About UTXOs Consolidation \ stacker news ~bitcoin

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10 sats \ 12 replies \ @ch0k1 28 Nov \ parent \ on: Question About UTXOs Consolidation bitcoin_beginners

What do you mean by exposed on the Blockchain?

0 sats \ 11 replies \ @0xbitcoiner OP 28 Nov

recorded and available for others to watch.

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

140 sats \ 9 replies \ @0xbitcoiner OP 28 Nov

So that means you were wrong when you said it:

No, you won't if it's a new address. #786171

0 sats \ 8 replies \ @ch0k1 28 Nov

No, I was right about it in the sense as explained in the resource I shared not your misunderstanding about the native public property of Blockchain...

33 sats \ 3 replies \ @ek 28 Nov

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.

0 sats \ 2 replies \ @0xbitcoiner OP 28 Nov

Now I get it. Thanks!

22 sats \ 1 reply \ @ek 28 Nov

No worries. Too many parrots out there with a lack of understanding nuances.

0 sats \ 0 replies \ @ch0k1 29 Nov

Lol 🤣 take it easy professor...

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0 sats \ 3 replies \ @0xbitcoiner OP 28 Nov

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?