this post was submitted on 06 Feb 2025
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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.

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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] 7 points 18 hours ago

Well, if I had more time, this would absolutely become my new favorite hobby.

Also, if I was willing to buy crypto, which I'm not.

[–] [email protected] 5 points 18 hours ago

Michel is great and you should follow him if you enjoy crypto shenanigans

[–] [email protected] 22 points 1 day ago

sounds like a cheap way to mess with crypto scammers, anybody got a spreadsheet?

[–] [email protected] 6 points 23 hours ago (1 children)

Wait, the dusting attack problem has not been fixed?

[–] [email protected] 13 points 23 hours ago (1 children)

It will be fixed in the next 18 months bro. Don't worry bro.

[–] [email protected] 4 points 18 hours ago

so like one-half-thousand days

[–] [email protected] 4 points 1 day ago (1 children)

If you don’t share your wallet codes or coinbase username I’m guessing you’re safe from this?

[–] [email protected] 6 points 23 hours ago

Prob yes, yes unless you reused your account name or they just randomly spray these dusting attacks.

[–] [email protected] -1 points 22 hours ago (2 children)

Not your keys; Not your coins.

[–] [email protected] 3 points 1 hour ago (1 children)

What a snappy slogan. Did you come up with it all by yourself?

[–] [email protected] 2 points 1 hour ago

No, I'm not really well versed in crypto. A friend of mine that works in offensive security mentioned this to me. Basically with how the algorithms behind cryptocurrency work, and with how the legal process works, you don't have control over any of your coins nor do you have legal avenues to correct any wrongdoing, nor does any human power or agency have the ability to forcibly correct actions taken by bad actirs. You MUST treat crypto like cash in a mattress and do everything yourself, anything else is a security theater facade.

[–] [email protected] 8 points 20 hours ago

not your peepee not your poopoo