91 ms·

Some may have realized that publicizing their net worth is both tacky and painting a target on their back.

babyshake 5y ago
Is there a good way to use a ENS name without exposing your net worth but not needing to rely on the same mixing techniques used to launder funds?
- benmanns 5y ago
  You could use a separate wallet for your ENS name.
  - throwaway2048 5y ago
    that doesn't help because all transfers to/from said wallet are public.
    - yebyen 5y ago
      ETH is a public ledger. If you publish your address and put your own name on it, any transfers to or from that address will be associated with your public name. This is not something that can be solved. At least not in ETH itself; even privacy coins like ZEC may have a way to make your identity public and make your history transparent – and it works as designed when you do this, your transactions are public. (In this sense, neither does using a mixer really help at all. It would just show that you've received some money and sent it to a mixer as yourself, if the mixer is also a public known entity.) I suppose one way to solve this, is to tell people to look up your ENS name, and then sign a message and share it with them – to present them securely with an address that they can use and verify that it belongs to you, only that it won't be tied to your original identity, except by that message (which you'd have to trust them not to share as well.)
    - Tenoke 5y ago
      Of course it helps, I can just send some money from Binance to a new address and nobody except for them will know it's connected to me. Alternatively I can bridge them through a less traceble network like SCRT if I don't want even an exchange to know about it.
- dragonwriter 5y ago
  > Is there a good way to use a ENS name without exposing your net worth Not making one crypto wallet and your net worth the same thing?
- ra0x3 5y ago
  You could always buy the ENS name without associating it with your main address (whether directly or via reverse lookup). But at that point, you're just domain squatting and it kinda defeats the purpose of paying for the domain name in the first place
- vmception 5y ago
  everyone has unlimited unique addresses associated with each recover phrase, just use a different one. in Metamask its as simple as clicking the dropdown for "new account". you have plenty of options for this: 1) withdraw from an exchange directly to the virgin address and never send funds back to the ENS one (except when you want people to know something, like to pump an NFT or token, similar to how state mandated Elon Musk ownership disclosures pumped Twitter) 2) “launder” (obfuscate) once and never look back to the ENS address. Withdrawing from Tornado.cash doesnt expose one of your addresses expose to initiated the transaction, so Tornado Cash will do an internal transaction (smart contract moving Ether to an individual address) with no link to one of your funded addresses. Or just reset Metamask and make a new recovery phrase with a whole new set of unlimited unique addresses. this reduces any temptation to accidentally send to your ENS address. you still have access to the ENS name and address. so just use it when you want. there is no reason to reuse addresses and its comical that being married to an address has become default behavior.
- cdiddy2 5y ago
  just use coinbase as a mixing service. withdraw some eth from there to a fresh wallet and buy an ens name. then its not connected publicly to any of your other wallets but the gov/coinbase can easily still see you
  - babyshake 5y ago
    thanks, this is actually pretty obvious but it didn't occur to me for some reason.
- stiltzkin 5y ago
  Just keep your ENS domain on its own blank wallet, also you can add your Monero wallet address on your ENS domain.
bamboozled 5y ago
Was going to say the sam thing, almost sounds like more of a positiv thing for ETH. Maturity phase.
- recuter 5y ago
  This is good for bitcoin.
elevenoh 5y ago
Most did the opposite - small inconsequential accounts tied to their ens name.
dbavaria 5y ago
Most experienced crypto users would use multiple wallets. But advertising any of your wallet addresses is asking for people to send you scam coins. It just pollutes your wallet and makes it that much more likely that you will trip up and interact with a scam smart contract.
- exikyut 5y ago
  1. It's insane crypto has basically become "run this untrusted code on your bank account" 2. It's sad the people who will be hit with this stuff the most are the newbies :(

Is there a good way to use a ENS name without exposing your net worth but not needing to rely on the same mixing techniques used to launder funds?

benmanns 5y ago
You could use a separate wallet for your ENS name.
- throwaway2048 5y ago
  that doesn't help because all transfers to/from said wallet are public.
  - yebyen 5y ago
    ETH is a public ledger. If you publish your address and put your own name on it, any transfers to or from that address will be associated with your public name. This is not something that can be solved. At least not in ETH itself; even privacy coins like ZEC may have a way to make your identity public and make your history transparent – and it works as designed when you do this, your transactions are public. (In this sense, neither does using a mixer really help at all. It would just show that you've received some money and sent it to a mixer as yourself, if the mixer is also a public known entity.) I suppose one way to solve this, is to tell people to look up your ENS name, and then sign a message and share it with them – to present them securely with an address that they can use and verify that it belongs to you, only that it won't be tied to your original identity, except by that message (which you'd have to trust them not to share as well.)
  - Tenoke 5y ago
    Of course it helps, I can just send some money from Binance to a new address and nobody except for them will know it's connected to me. Alternatively I can bridge them through a less traceble network like SCRT if I don't want even an exchange to know about it.
dragonwriter 5y ago
> Is there a good way to use a ENS name without exposing your net worth Not making one crypto wallet and your net worth the same thing?
ra0x3 5y ago
You could always buy the ENS name without associating it with your main address (whether directly or via reverse lookup). But at that point, you're just domain squatting and it kinda defeats the purpose of paying for the domain name in the first place
vmception 5y ago
everyone has unlimited unique addresses associated with each recover phrase, just use a different one. in Metamask its as simple as clicking the dropdown for "new account". you have plenty of options for this: 1) withdraw from an exchange directly to the virgin address and never send funds back to the ENS one (except when you want people to know something, like to pump an NFT or token, similar to how state mandated Elon Musk ownership disclosures pumped Twitter) 2) “launder” (obfuscate) once and never look back to the ENS address. Withdrawing from Tornado.cash doesnt expose one of your addresses expose to initiated the transaction, so Tornado Cash will do an internal transaction (smart contract moving Ether to an individual address) with no link to one of your funded addresses. Or just reset Metamask and make a new recovery phrase with a whole new set of unlimited unique addresses. this reduces any temptation to accidentally send to your ENS address. you still have access to the ENS name and address. so just use it when you want. there is no reason to reuse addresses and its comical that being married to an address has become default behavior.
cdiddy2 5y ago
just use coinbase as a mixing service. withdraw some eth from there to a fresh wallet and buy an ens name. then its not connected publicly to any of your other wallets but the gov/coinbase can easily still see you
- babyshake 5y ago
  thanks, this is actually pretty obvious but it didn't occur to me for some reason.
stiltzkin 5y ago
Just keep your ENS domain on its own blank wallet, also you can add your Monero wallet address on your ENS domain.

bamboozled 5y ago

Was going to say the sam thing, almost sounds like more of a positiv thing for ETH. Maturity phase.

recuter 5y ago
This is good for bitcoin.

elevenoh 5y ago

Most did the opposite - small inconsequential accounts tied to their ens name.

dbavaria 5y ago

Most experienced crypto users would use multiple wallets. But advertising any of your wallet addresses is asking for people to send you scam coins. It just pollutes your wallet and makes it that much more likely that you will trip up and interact with a scam smart contract.

exikyut 5y ago
1. It's insane crypto has basically become "run this untrusted code on your bank account" 2. It's sad the people who will be hit with this stuff the most are the newbies :(