.'s avatar
. 1 month ago
So if I grab a #Monero receive address from Cake Wallet is that what I put in the payment target? Will the payment target rotate addresses? #darkwisp

Replies (10)

yes + you don't nees to rotate addresses, monero addresses are meant to be reusable and no one can look up your balance. what you need to be mindful of is using the same address in other contexts if you want to keep identities separates, but that is an offchain consideration.
.'s avatar
. 1 month ago
So what do you think this means at the bottom in monero dot com wallet? image
that the wallet will show you a new address every time the previous one gets funds in it. previous addresses continue to work though. also, for monero this behavior is not necessary. not sure if that's a new setting or something, but in any case, safe to ignore.
.'s avatar
. 1 month ago
Cool.
It gives you a new receive address every time. When/if ever QC could break this specific privacy assumption in the future (Monero is built on modular privacy assumptions some already QC "secure") then it still means with coin control your receipts/spends are not linkable.
atori's avatar
atori 1 month ago
Do you understand silent payments in bitcoin? Well, every monero address is basically a silent payments address. You can reuse them, but should use different ones per identity, or even hand a different one out per person if you want to know who paid you.
atori's avatar
atori 1 month ago
Its good because it makes it harder for noobs to reuse addresses accros identities by accident.
Yes to the first question. And basically yes to the second question. For every Monero payment made to you a different address is seen on-chain that is unlinkable to your "real" address. So in that way it "rotates addresses" if that makes sense. Similar to Bitcoin silent payments (the silent payment address is never seen on-chain) but built into the actual protocol instead of wallet level.
This is so you don't link different identities and activities together that you may not want connected. If you use the same address everywhere it's pretty obvious that you're the same person. But for payment targets on your public profile it doesn't matter