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] 20 points 5 days ago (3 children)

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

[–] [email protected] 5 points 4 days ago

So they need Altman to build his AGI first?

[–] [email protected] 8 points 5 days ago

so like one-half-thousand days

[–] [email protected] 3 points 4 days ago* (last edited 4 days ago)

This is actually good for bitcoin bro. You just aren’t looking at the bigger picture bro. The market will correct bro.