Timeline for Someone made a small, apparently fraudulent, transaction to my public address. What is the purpose behind it?
Current License: CC BY-SA 4.0
7 events
| when toggle format | what | by | license | comment | |
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| Jun 11, 2020 at 7:08 | comment | added | MCCCS | BitPay has lots of circulating coins, they'll receive your coins to their accounts and increase your balance number. When you want to receive your coins they'll send that balance number of random coins from their pool coins. | |
| Jun 11, 2020 at 7:07 | comment | added | MCCCS |
en.bitcoin.it/wiki/Privacy#Common-input-ownership_heuristic You wallet may include some of the coins enough to account for the total output, but it might also merge all of the coins in the transaction. Here's an example of a transaction shown on a block explorer that shows possible privacy issues: blockstream.info/tx/… As you might guess the output with less decimal digits is for the recipient (0.23) while the ugly number is the change 0.00137737.
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| Jun 10, 2020 at 20:38 | comment | added | ManjaroDan | Thanks @MCCCS can you provide a link to an article that explain this more in depth? I don't understand how can they see all our balances just with a small transaction to one of my public addresses because my wallet may or may not incorporate those coins to a transaction and it's hard to tell from the blockchain what addresses are part of my wallet, what outputs are change or which are intended for the recipient. Also I've searched BitPay for articles on how they would solve this privacy issue in detail. By your same reasoning anyone could know my wallet from the BitPay address when they pay me | |
| May 28, 2020 at 23:38 | vote | accept | ManjaroDan | ||
| May 28, 2020 at 20:42 | comment | added | MCCCS | Yes, then they would also be able to see your customers' balances. Yes, a crypto-accepting payment processor such as BitPay would solve those privacy issues. | |
| May 28, 2020 at 20:21 | comment | added | ManjaroDan | So, if I understood right, she's trying to know my income in crypto to see if it's worth the effort to hack my website? Is there a way to avoid this security issue? For example, using a crypto payment platform as a middleman? | |
| May 28, 2020 at 11:50 | history | answered | MCCCS | CC BY-SA 4.0 |