Buttcoin

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Buttcoin is the future of online butts. Buttcoin is a peer-to-peer butt. Peer-to-peer means that no central authority issues new butts or tracks butts.

A community for hurling ordure at cryptocurrency/blockchain dweebs of all sorts. We are only here for debate as long as it amuses us. Meme stocks are also on topic.

founded 1 year ago

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Did you know anyone can freeze your account on an exchange with one unblockable trick? (universeodon.com)

submitted 6 days ago by [email protected] to c/[email protected]

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This week on "Unexpected Downsides To #Cryptocurrency":

Did you realize that you can't reject #blockchain transactions and therefore anyone who wants to harass you can more or less freeze your "bank account" at an exchange like #Coinbase instantly just by either:

a) sending a euro through a sanctioned mixer service like #TornadoCash before sending it to you or

b) sending a few cents to a sanctioned terrorist wallet before sending you a single cent

The automated systems used by Coinbase will immediately notice that you have interacted with suspicious or sanctioned wallets and Coinbase, which, like all crypto companies, spends as little as possible on customer support, will lock your account until you produce a passport for the person who sent you that tiny amount of money (often for months).

These so called "dust attacks" constitute revolutionary new vectors in harassment.

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[–] [email protected] 5 points 4 days ago

I'm guessing you still have the problem of getting even a little bit of dust into a 'clean' wallet to make sure you don't get any direct links back to you, though. Whether that comes in the form of your own wallet/account getting shut down for the same flag or getting on some financial compliance radar for the same shenanigans that your victim is getting linked to.