Buttcoin

548 readers

18 users here now

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

MODERATORS

dgerard@awful.systems

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

submitted 3 weeks ago by db0@lemmy.dbzer0.com to c/buttcoin@awful.systems

24 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] AfricanExpansionist@lemmy.ml 1 points 5 hours ago

These people want everybody using cryptocurrency. They also want everyone to jump over a bunch of technical hurdles in adopting the technology. 🤔🤷🏻‍♀️