ZmnSCPxj [ARCHIVE] on Nostr: 📅 Original date posted:2022-02-18 📝 Original message: Good morning shymaa, > I ...
📅 Original date posted:2022-02-18
📝 Original message:
Good morning shymaa,
> I just want to add an alarming info to this thread...
>
> There are at least 5.7m UTXOs≤1000 Sat (~7%),
> 8.04 m ≤1$ (10%),
> 13.5m ≤ 0.0001BTC (17%)
>
> It seems that bitInfoCharts took my enquiry seriously and added a main link for dust analysis:
> https://bitinfocharts.com/top-100-dustiest-bitcoin-addresses.html
> Here, you can see just the first address contains more than 1.7m dust UTXOs
> (ins-outs =1,712,706 with a few real UTXOs holding the bulk of 415 BTC)
> https://bitinfocharts.com/bitcoin/address/1HckjUpRGcrrRAtFaaCAUaGjsPx9oYmLaZ
>
> »»»»»
> That's alarming isn't it?, is it due to the lightning networks protocol or could be some other weird activity going on?
> .
I believe some blockchain tracking analysts will "dust" addresses that were spent from (give them 546 sats), in the hope that lousy wallets will use the new 546-sat UTXO from the same address but spending to a different address and combining with *other* inputs with new addresses, thus allowing them to grow their datasets about fund ownership.
Indeed JoinMarket has a policy to ignore-by-default UTXOs that pay to an address it already spent from, precisely due to this (apparently common, since my JoinMarket maker got dusted a number of times already) practice.
I am personally unsure of how common this is but it seems likely that you can eliminate this effect by removing outputs of exactly 546 sats to reused addresses.
Regards,
ZmnSCPxj
📝 Original message:
Good morning shymaa,
> I just want to add an alarming info to this thread...
>
> There are at least 5.7m UTXOs≤1000 Sat (~7%),
> 8.04 m ≤1$ (10%),
> 13.5m ≤ 0.0001BTC (17%)
>
> It seems that bitInfoCharts took my enquiry seriously and added a main link for dust analysis:
> https://bitinfocharts.com/top-100-dustiest-bitcoin-addresses.html
> Here, you can see just the first address contains more than 1.7m dust UTXOs
> (ins-outs =1,712,706 with a few real UTXOs holding the bulk of 415 BTC)
> https://bitinfocharts.com/bitcoin/address/1HckjUpRGcrrRAtFaaCAUaGjsPx9oYmLaZ
>
> »»»»»
> That's alarming isn't it?, is it due to the lightning networks protocol or could be some other weird activity going on?
> .
I believe some blockchain tracking analysts will "dust" addresses that were spent from (give them 546 sats), in the hope that lousy wallets will use the new 546-sat UTXO from the same address but spending to a different address and combining with *other* inputs with new addresses, thus allowing them to grow their datasets about fund ownership.
Indeed JoinMarket has a policy to ignore-by-default UTXOs that pay to an address it already spent from, precisely due to this (apparently common, since my JoinMarket maker got dusted a number of times already) practice.
I am personally unsure of how common this is but it seems likely that you can eliminate this effect by removing outputs of exactly 546 sats to reused addresses.
Regards,
ZmnSCPxj