jimrandomh comments on [LINK] Two articles on Bitcoin - Less Wrong

4 Post author: David_Gerard 16 May 2011 02:36PM

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Comment author: jimrandomh 16 May 2011 09:07:46PM 1 point [-]

No, the convention and the default is to use a new receiving address for each inbound transaction, so this exposes only a small portion of your transaction history, not the whole thing.

Comment author: saturn 16 May 2011 09:32:17PM 1 point [-]

At least according to this, you must spend coins from the same address you received them on, so using different addresses doesn't buy you much. You still can't spend the BitCoins you've received and keep your anonymity. The page I linked recommends a procedure for money-laundering; I'm not sure how to evaluate how effective it is, but it's definitely inconvenient.

Comment author: David_Gerard 17 May 2011 08:28:05PM -1 points [-]

Inconvenience strikes me as a major strike against a traceable currency; I suspect it would be a lot more tolerable for an untraceable one. But both inconvenience and traceability, particularly if governments are against it, would be pretty bad for it.