Replying to Avatar NowClip

Sorry, I just found out that wallet bitcoin addresses change everytime you recieve or send a transaction, so anyone who looks up the address doesn’t know the total amount of your wallet, the total amount they see is the amount of only that transaction.

Considering this, is there an extra benefit to coinjoin services that I’m missing? Isn’t this “address changing” feature enough to keep curious people from knowing your wallet??

Thank you.

#asknostr #wallets #bitcoin #GM #grownostr #nostr
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Dave 1y ago

Two points:

(a) absent some sort of "mixing" process, it's possible for someone to trace the blockchain history of a given aliquot of bitcoin, and

(b) when you "spend" bitcoin, it's likely that BTC from 2 or more addresses will be combined, thereby compromising anonymity.

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NowClip 1y ago

Ok, so that feature is not enough. I’ll still be looking for a good coinjoin service then, thank you.