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53 sats \ 3 replies \ @ChrisS 15 Oct \ on: how bad is it really reusing addresses? bitcoin
It’s not a great idea. First instead of just the exchange knowing all the bitcoin is yours every third party observer of the blockchain knows all the bitcoin is linked to one person(you). And even if you consolidate utxos to a new address it’s trivial for anybody(exchange person) you spend to in the future to look at the blockchain and know your whole balance that was received at the previous address.
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0 sats \ 2 replies \ @stack_harder OP 15 Oct
wouldnt a 3rd party need to be able to get my identity from the exchange though? or do you think this still is just out there on the black market being sold anyway?
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0 sats \ 0 replies \ @ChrisS 15 Oct
wouldnt a 3rd party need to be able to get my identity from the exchange though?
Not necessarily. Probably not unless they are a big nation state. Don’t make it any easier. And don’t make it any easier for people you spend to in the future to know your balance.
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0 sats \ 0 replies \ @teemupleb 15 Oct
If you form clusters of multiple transactions with your address, it will be quite plausible to assume the addresses have the same owner.
You would only need one instance when you link your address to your identity (whether it’s a KYC database leak or your own blunder).
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