@replacemenwithalphas00 So someone sent out miniscule amounts of money to 300k addresses to decloak everyone? It sounds like something out of a major research university, the kind that has a revolving door with the three letter agencies. One of these major universities with security clearances did an attack on TOR some years ago. I think that the formula is that professors are allowed to play around with stuff because that environment produces open-ended creativity. After initial success it is kicked up to the Deep State where they then pour enormous resources into mastering that particular application. That environment doesn't work well with "create the next paradigm" but it is great for laser beaming in on a thing that already exists. At this point we pretty much never hear about a thing again. It either doesn't pan out or is weaponized and it goes into the "nuclear option" toolkit. If weapons/strategies are used often then they will lose their effectiveness.
Somewhere there will be a super computer with an AI consumer network simulation happening to see how well future iterations of this exploit play out. I'd pay particular attention to any clumsy attempts to dissuade people from using any particular novel implementation of a the block chain because it probably means that they don't have the means for simulating that particular coin. This is one more force pushing towards homogenization of coins.Read More
An interesting attack on LiteCoin - a BitCoin cousin - happened recently. Here's the gist (edited):
- All transactions are public in Crypto
- To stay private, you use a fresh address for everything - buying a Playboy, ordering an Uber
- Nobody can know these two transactions are from the same person.
Here's the exploit:
- An unknown actor sent very small amounts of LiteCoin - fractions of a cent - to around 300.000 addresses.
- That 'dust' is like spare change - too little to be spent on its own. This attack broadcasts spare change to thousands of addresses - by chance both the the Playboy and the Uber address.
- Your wallet automatically goes, 'Together this spare change is enough to pay for xyz'.
- But that resulting bill will have the Playboy address on it together with the Uber address. So these must be from the same person. And that bill is public.
Then it is easy to figure out your purchase history, and maybe even your identityRead More