this post was submitted on 19 Mar 2024
25 points (68.7% liked)

Privacy

32107 readers
698 users here now

A place to discuss privacy and freedom in the digital world.

Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.

In this community everyone is welcome to post links and discuss topics related to privacy.

Some Rules

Related communities

much thanks to @gary_host_laptop for the logo design :)

founded 5 years ago
MODERATORS
 

I was wondering what viewpoints and opinions this community has when it comes to cryptocurrency.

Personally, I'm not against it, but I'm not for it either. I like the concept of bringing back cash anonymity, and also decentralization (obviously). Although I don't think it will be viable for at least another decade.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 3 points 8 months ago* (last edited 8 months ago) (1 children)

edit: since the well-akshullies are out already, I'll say this is massively simplified because anyone who cares about the actual cryptography or terminology can go read the fuckin docs; it's detail that isn't necessary here.

Wallet addresses are just the public part of a public/private key pair. You can generate another public key with the private key so the address is different, but your private key can still sign transactions for both addresses.

[–] [email protected] -2 points 8 months ago (1 children)

That is not how public/private keypairs work in most algorithms but even if it was, the fact that the public key is used to verify the signature comes from a specific private key means that both (or all) public keys could validate all transactions signed with that private key.

[–] [email protected] 4 points 8 months ago* (last edited 8 months ago)

I recommend you read BIP-44 since this has been a standard for years in Bitcoin. Your other crypto knowledge seems woefully out of date as well, from your questions in your other post. Time to brush up, I think.