cstevens
New member
Hi,
I think a lot about the practical use of paper bills for use as crypto currency exchange. I'm attracted to Dash, specifically, for the speed of transactions and the privacy inherent in the blockchain.
When I think about a world where people can put a bill in their wallet and exchange Dash I think about doing the least amount of effort possible. I "get" change addresses and so forth. Honestly, many people have hard time wrapping their head around all that.
"Don't be so obtuse," some may say, "why would you want to pack around paper when users may use their phones, etc.?" The answer is, in short, "the old and the paranoid (or both). Neither the 40+ generation nor the paranoid trust their phones. They 'get' cold storage and the idea of paper money to make transactions, though.
I think people would like to have piece of mind knowing that they can simply hand a bill (or extend their hand featuring an NFC ring) to another person, have them scan it, and have change posted back to the original payer's address. By doing that they may keep the same bill in their wallet or purse for an indefinite length of time.
The closest thing I've found to date is BIP 47. I have to ask myself, "why put a multi-use address wrapper against a long-transaction time & traceable currency when we may be able to just have multi-use addresses with Dash?"
So, are multi-use addresses possible with Dash?
I think a lot about the practical use of paper bills for use as crypto currency exchange. I'm attracted to Dash, specifically, for the speed of transactions and the privacy inherent in the blockchain.
When I think about a world where people can put a bill in their wallet and exchange Dash I think about doing the least amount of effort possible. I "get" change addresses and so forth. Honestly, many people have hard time wrapping their head around all that.
"Don't be so obtuse," some may say, "why would you want to pack around paper when users may use their phones, etc.?" The answer is, in short, "the old and the paranoid (or both). Neither the 40+ generation nor the paranoid trust their phones. They 'get' cold storage and the idea of paper money to make transactions, though.
I think people would like to have piece of mind knowing that they can simply hand a bill (or extend their hand featuring an NFC ring) to another person, have them scan it, and have change posted back to the original payer's address. By doing that they may keep the same bill in their wallet or purse for an indefinite length of time.
The closest thing I've found to date is BIP 47. I have to ask myself, "why put a multi-use address wrapper against a long-transaction time & traceable currency when we may be able to just have multi-use addresses with Dash?"
So, are multi-use addresses possible with Dash?