Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[fillippone]

<SNIP>

Maybe I am dumb but I don’t really get this. How does dusting an address make any difference ?   You can trace the flow of funds either with or without the dust ?   All transactions are public data.

I think here the point is which address dust transactions are sent to: used BTC address with 0 balance.
So the attacker knows he's sending sats to and address in control of someone. Let's call this address A.
When you want to spend you join the A stats to your B address.
This is new information for attacker. He otherwise couldn't have linked the two different A and B addresses.

Another technique is sending sats to a "gift address" or deliberately ask for a "new address for a donation" and then send a few sats to that address (again address A). when you consolidate to your main wallet B to spend, there, the attackers knows you own also B address (without sending sats you wouldn't have used that very address).
Typical use case:
1. internet bitcoin faucet, where you have to register with email (address B controlled by email XXX@yyy).
2. Bitcoin.com giving out 50 dollars in crypto so they can track your addresses for free.

[realr0ach]

^Hint:  Don't use non-fungible, digital shitcoin, govt tracking and slavery system tokens if you don't want to be monitored in real-time like goyim cattle.  Use physical metals instead.

[ðºÞæ]

^Hint:  Don't use non-fungible, digital shitcoin, govt tracking and slavery system tokens if you don't want to be monitored in real-time like goyim cattle.  Use physical metals instead.

Bitcoin does not care it monitors everyone equal, that is obviously not welcome by everyone.

[realr0ach]

^Hint:  Don't use non-fungible, digital shitcoin, govt tracking and slavery system tokens if you don't want to be monitored in real-time like goyim cattle.  Use physical metals instead.

Bitcoin does not care it monitors everyone equal, that is obviously not welcome by everyone.

Because abolishing the 5th amendment and being tracked, controlled, and monitored in a Chinese-style, cashless society slavery system is a good thing, right?  This is the only possible endgame evolution of any non-fungible, digital shitcoin whose transaction validators are designed to centralize.

[bitcoinPsycho]

Roach why don't you hang out with your new friend ðºÞæ on the bsv thread

[SuperTA]

WO gang.
BTC is so lazy in these days, but I think this news is really important:



 LITECOIN WALLETS HIT BY LARGE-SCALE DUSTING ATTACK, SO WHAT IS IT?

Reports are emerging that Litecoin wallets have been hit by a new kind of cyber-attack called dusting. It has not affected LTC markets but is something that crypto traders and holders should be aware of. Binance Academy offered an explanation.

In short, a dusting attack is when scammers attempt to break the privacy of a cryptocurrency, Litecoin in this case, by sending tiny amounts of it to private wallets. The attackers then attempt to trace the transactional activity of these wallets in an attempt to discover the identity of the person that owns them.

The term ‘dust’ refers to the tiny fractions of crypto coins that most users ignore. A couple of hundred satoshis may be referred to as ‘dust’ as the sum is so tiny that most people would not even notice it. It is also prevalent on crypto exchanges as the remnants of transactions that remain in wallets and can no longer be user or transferred.

Here a description of the attack on Binance academy.
https://www.binance.vision/security/what-is-a-dusting-attack

This technique is used on Bitcoin to, so be alert WO gang: when someone send you some sats, be safe!

Maybe I am dumb but I don’t really get this. How does dusting an address make any difference ?   You can trace the flow of funds either with or without the dust ?   All transactions are public data.

Yes, all transactions are public data but they don't have your name. Attackers are trying to identify users and use that for elaborate fishing attack. Attackers hope that users will mix their dust with other amount and send to another wallets. You can protect yourself if you don't send the dust you received.

[realr0ach]

Yes, all transactions are public data but they don't have your name. Attackers are trying to identify users and use that for elaborate fishing attack.

Attack me if you dare.  My father is Li Gang.

[Spaceman_Spiff_Original]

WO gang.
BTC is so lazy in these days, but I think this news is really important:



 LITECOIN WALLETS HIT BY LARGE-SCALE DUSTING ATTACK, SO WHAT IS IT?

Reports are emerging that Litecoin wallets have been hit by a new kind of cyber-attack called dusting. It has not affected LTC markets but is something that crypto traders and holders should be aware of. Binance Academy offered an explanation.

In short, a dusting attack is when scammers attempt to break the privacy of a cryptocurrency, Litecoin in this case, by sending tiny amounts of it to private wallets. The attackers then attempt to trace the transactional activity of these wallets in an attempt to discover the identity of the person that owns them.

The term ‘dust’ refers to the tiny fractions of crypto coins that most users ignore. A couple of hundred satoshis may be referred to as ‘dust’ as the sum is so tiny that most people would not even notice it. It is also prevalent on crypto exchanges as the remnants of transactions that remain in wallets and can no longer be user or transferred.

Here a description of the attack on Binance academy.
https://www.binance.vision/security/what-is-a-dusting-attack

This technique is used on Bitcoin to, so be alert WO gang: when someone send you some sats, be safe!

Maybe I am dumb but I don’t really get this. How does dusting an address make any difference ?   You can trace the flow of funds either with or without the dust ?   All transactions are public data.

I didn't understand this before either, but it is a way to link different adresses in the same wallet, it can not do more than that.  Maybe you used an old address once and it is empty.  However, you still have some funds on a newer address in the same wallet.  You spend funds from that wallet.  You were not aware the old wallet received some dust, and the dust was included in the transaction, showing both the old and new address as inputs to the same tx, and therefore probably part of the same wallet, belonging to the same person.  If there was identity info attached to any of the 2 addresses, that identity info is now linked to the other address.

TLDR: basically assume al addresses in the same wallet are known to be linked, and make separate wallets if you don't want it to be linked.

[fillippone]

Boring afternoon session on BTC,
so fellow Fillippone providing you a time sink:

https://graph.lndexplorer.com/



a way to look at how far LND network has grown lately, with full data on each node.

[vapourminer]

I wonder what they should change the "Save" icon to...

True, floppy disks are just completely irrelevant.

Can't change it to a CD because they are nearing irrelevance.

The "Save" icon is iconic, but antiquated.

What would be a decent replacement?

it should never change. that icon is legendary, for want or a better term.

[Ibian]

Really don't care if someone wants to waste time tracking my addresses. All my shit is above board, it's not any more of a threat than having a bank account is.

[realr0ach]

a way to look at how far LND network has grown lately, with full data on each node.

Number of lightning channels is meaningless.  Is everyone in this thread just completely fucking retarded?  If Bitcoin was actually used for anything in the real world, there would be a substantial $ cost to opening channels - meaning you would not be able to afford creating channels with everyone on the planet that you hypothetically might need to transact with - so the only possible evolution of the system for connectivity and liquidity reasons (balances in separate channels can't be combined to pay for a larger transaction) would be a hub and spoke model where you just have one channel open to a bank that's connected to everyone who routes all your transactions.

What is the purpose of such a system?  There is no purpose.  It's an exact replica of the permissioned ledger banking system that already exists.  People shilling for Lightning Network are literal subhuman, moron, trash scammers trying to trick people into a cashless society slavery system.  Thanks, but no thanks.  I'll pass on your Judeo cashless society slavery system and stick with physical metals instead.  Go ahead and slap yourself in the face for being an idiot.  Every single person at Blockstream is a piece of shit scammer working for the banks directly or indirectly (from their own stupidity).

[VB1001]

Current Tether Supply Suggests Bitcoin Price Is Correcting to $20,000

Bitcoin traders split into 3 groups

Since correcting from 2019’s all-time high of $13,800 and thrice failing to break above $12,500, crypto investors broke into three camps.

The first took the bearish perspective and predicted a pullback to $8,500-$7,500, often citing the CME gap.

The second envisioned a lengthy period of consolidation where Bitcoin price would remain pinned between $9,000 and $12,000, providing the opportunity for savvy traders and institutional investors to accumulate prior to the 2020 halving.

The third group interpreted the parabolic breakdown as nothing more than a blip and remain steadfast in their belief that the digital asset will eventually rally back to $13,500 and higher.

https://cointelegraph.com/news/current-tether-supply-suggests-bitcoin-price-is-correcting-to-20-000

[bkbirge]

Really don't care if someone wants to waste time tracking my addresses. All my shit is above board, it's not any more of a threat than having a bank account is.

I hear ya, but otoh if someone has your personal info and your addresses it makes it just that more likely you'll be hacked. Ain't no one got time for that. With a bank account you have the supposed protection of the insurance and institutional safeguards. With your own accounts it's just you doing security. Criminals go after the easy targets.

[realr0ach]

Ibian is too stupid to realize the 5th amendment exists for a reason and abolishing it by using a non-fungible, cashless society slavery tracking system and being monitored like a goyim cattle 24/7 in real-time by the IRS will likely not be pleasant for him.  Especially when the goal is not just to track people, but to be a full-blown, Chinese social credit score system where your non-fungible shitcoins can't even be spent anywhere if you don't espouse Jewish occupied govt Marxist ideology.

[Biodom]

I wonder what they should change the "Save" icon to...

True, floppy disks are just completely irrelevant.

Can't change it to a CD because they are nearing irrelevance.

The "Save" icon is iconic, but antiquated.

What would be a decent replacement?

Macs don't even have "Save as" in the current system.
It was replaced by "Duplicate", which was a dumb move from my perspective.
This means that you have to first duplicate it, then rename.

[Paashaas]

New Zealand Tax Office Makes It Legal to Pay Salaries in Crypto

[Ibian]

Really don't care if someone wants to waste time tracking my addresses. All my shit is above board, it's not any more of a threat than having a bank account is.

I hear ya, but otoh if someone has your personal info and your addresses it makes it just that more likely you'll be hacked. Ain't no one got time for that. With a bank account you have the supposed protection of the insurance and institutional safeguards. With your own accounts it's just you doing security. Criminals go after the easy targets.

Supposed. We saw what happened with Cyprus and Greece. Not even talking about hyperinflation yet.

[NeuroticFish]

New Zealand Tax Office Makes It Legal to Pay Salaries in Crypto.

Interesting news. And... I've fixed the link for ya 

[Biodom]

New Zealand Tax Office Makes It Legal to Pay Salaries in Crypto

..and it would be a completely retarded way in US because here you are suspected of not paying taxes when you transfer bitcoin from one wallet to another (according to recent stories in the media).