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Ethereum wallets work like a bank account that anyone can deposit funds into. This dusting attack would be as if, say, Iran or North Korea decided to start depo
by kmeisthax 4y ago
Ethereum wallets work like a bank account that anyone can deposit funds into. This dusting attack would be as if, say, Iran or North Korea decided to start depositing a few dollars into every American's checking accounts to try and implicate the entire country's citizenry in financial crime.
Bitcoin has one defense against this attack: coin control. The way Bitcoin works is as if every time you wrote a check, you had to also include a list of all the other checks that the money comes from. So you can technically avoid implicating yourself in financial crime by not writing "payable by Iran/NK super hackerz" on your checks.
- AlexandrB 4y ago> Bitcoin has one defense against this attack: coin control. The way Bitcoin works is as if every time you wrote a check, you had to also include a list of all the other checks that the money comes from. So you can technically avoid implicating yourself in financial crime by not writing "payable by Iran/NK super hackerz" on your checks. Isn't this terrible for freedom? When I pay with fiat, I don't have to include a list of where that fiat came from.
- colinmhayes 4y agoThe entire ledger is public anyway, everyone can already see the transactions that went into your wallet.