Feathercoin daemon and wallet production version 0.18.1
Old daemon and wallet version 0.17.0.1

Impossible Transactions?


  • Moderators | Tip wrapper

    I’m trying to get my head round how a transactions could pay in and out on the same block?

    At exactly the same time, 2013-08-07 04:02:04.

    ie is this the attacker with an auto money laundering system, and, is that why the difficulty changed it downward trend and went up to 174, last night?

    e.g.

    6mUmjvk1ejc1uQzFPtDBKHfGjqxNSQXVa4

    Block 63100


  • Moderators | Tip wrapper

    Could the “multiple transactions” be due to an exchange “compiling transactions together” before publishing them to avoid dust fees?

    As per, “Plan B - Episode 18 , Jupiter Broadcasting (45min)” with Bitcoin?


  • Regular Member | Tip groll

    this is just distribution from some pool the 2-3 first transaction you will see 2-3 pool address as sender with the reward of a block ~200 that go to 2 address one is the payout(the small amount) the other the new address for the remaining coin, so that second address is used to send the next payout and new remaining to another address … until no more coin to distribute.

    so this is normal behavior

    P.S. if zerocoin is implemented you will get 5-6 run like that before going to the real owner.


  • Moderators | Tip wrapper

    Hi Groll, I am very grateful for you investigating the potentially money laundering of money stolen funds during the attacks on the Feathercoin network. It’s brilliant to know you can identify it as due to a pool.

    I wasn’t so pleased that you then suggested that you wouldn’t be able to analyse it when “Zerocoin” gets implemented. Thus, proposing a specific development to unsecure the network against attack.


  • Spammer Banned | Tip Kevlar

    [quote name=“wrapper0feather” post=“24862” timestamp=“1375941928”]
    Hi Groll, I am very grateful for you investigating the potentially money laundering of money stolen funds during the attacks on the Feathercoin network. It’s brilliant to know you can identify it as due to a pool.

    I wasn’t so pleased that you then suggested that you wouldn’t be able to analyse it when “Zerocoin” gets implemented. Thus, proposing a specific development to unsecure the network against attack.
    [/quote]

    Not quite. You’ll still see these things constantly. Zerocoin just allows you to hide the coins by burning them in blockchain, then reproduce them on another address without revealing the original coins that were burned (sounds counter-intuitive, I know, but it works). Any time a transaction occurs, you’re still dealing in input and output addresses. You’ll still see the mint, plus the Zerocoin burn, and in a later block, the Zerocoin claim which can’t be related back to the burn, followed by the same transactions as before. All Zerocoin will do is disconnect the minting address from the sending address.


  • Regular Member | Tip ghostlander

    What makes people so excited about Zerocoin? You can do anonymous coin transfers right now without it. All you need is a shared wallet. Any exchange or gambling site will do.


  • Spammer Banned | Tip Kevlar

    [quote name=“ghostlander” post=“24882” timestamp=“1375956826”]
    What makes people so excited about Zerocoin? You can do anonymous coin transfers right now without it. All you need is a shared wallet. Any exchange or gambling site will do.
    [/quote]

    It’s a valid question, but the answer is simply that all that does is obscure the trail, it doesn’t actually eliminate the taint. I agree that a shared wallet does introduce reasonable doubt that should be sufficient to poke holes in any forensic analysis, but it does still require a third party. Zerocoin eliminates both the taint entirely, and the third party.