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.

  • voracitude@lemmy.world
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    8 months ago

    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.

    • taladar
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      8 months ago

      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.

      • voracitude@lemmy.world
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        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 Your other crypto knowledge seems woefully out of date as well, from your questions in your other post.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.