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68% of total Ethereum transaction value controlled by one system

blog.cyber.fund

81–85 of 85 posts

Re: 68% of total Ethereum transaction value controlled by one system

#81

Is the story that 68% of the traffic is naked laundering or that 68% of the traffic is people buying into ICO that are not already enfranchised in ethereum?

It's not laundering, it's spoofing by some of the earliest Ethereum holders who are trading with themselves on the exchanges to create the appearance of volume and liquidity to drive up the value of their coins.

Bold claim, but it seems it's just the exchanges shuffling deposit addresses, or something to that effect:

https://news.ycombinator.com/item?id=15334216

Re: 68% of total Ethereum transaction value controlled by one system

#82
post #13

This mixing ramped up around the same time as the price did. Etherium was around $8 at the beginning of 2017, where it had been for years. By midyear it was in the $300-$400 range. Is this mixing somehow involved with a scheme to pump the price?

If the transactions are just going to the deposit addresses that exchanges shuffle around, than it's possible that 67% of ETH activity as of late is tied to people sending to and from exchanges.

Re: 68% of total Ethereum transaction value controlled by one system

#83
post #38

Earlier quoted context omitted.

Sending coins to yourself, aka churning, might not work so well after all, according to the latest MRL report. They say: " We at the Lab previously thought that one possible solution to knacc's described attack would be churning, where one sends funds to oneself multiple times before using at a merchant. Unfortunately, this leads to chains of self-referential transactions, which leave an undesirable and identifiable…

I'm really interested in Monero but I lack a comprehensive understanding of the underlying technology. Is there a good resource (apart from the Monero community itself) that explains Ring signatures and similar technologies, including their limitations? From your answer, you sound very knowledgable in this area - could you advise some good resources to learn more?

The best explanation I've found, without getting into the math, is this one on the Monero StackExchange:

https://monero.stackexchange.com/questions/5682/how-do-i-use...

Re: 68% of total Ethereum transaction value controlled by one system

#84
post #30

Why is the link at the top of this article ('cyber•Fund') to https://cyber.fund/system/Paragon , a page for 'Paragon', a very shifty high-budget ICO? Given the other things Paragon has paid big bucks for (anything you can imagine, from paying Youtubers 5 figures per video to get their subscribers to 'invest' in them to paying for mass reddit vote manipulation to buying very expensive ads and sponsorship programs to l…

Sorry. That is just a stupid mistake from our team member

Re: 68% of total Ethereum transaction value controlled by one system

#85
post #83

Earlier quoted context omitted.

I'm really interested in Monero but I lack a comprehensive understanding of the underlying technology. Is there a good resource (apart from the Monero community itself) that explains Ring signatures and similar technologies, including their limitations? From your answer, you sound very knowledgable in this area - could you advise some good resources to learn more?

The best explanation I've found, without getting into the math, is this one on the Monero StackExchange: https://monero.stackexchange.com/questions/5682/how-do-i-use...

thank you
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