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Ethereum

r/ethereum

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pinned by moderators

Posted by3 days ago

Frequently Asked Questions + Weekly Discussion Thread

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0 comments

238

Posted by13 hours ago

Australian bank pilots stablecoin transaction using Ethereum network

news.nab.com.au/news/n...

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11 comments

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Posted by3 hours ago

Ethereum nonce

Hi.. I have a question and couldn't find the answer on google..

I have a withdraw that says "completed" in trust wallet,has not arrived.. Under network fee, there is a "nonce" and the number 19..

What does that mean?

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1 comment

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Posted by18 hours ago

Why is Ethereum moving to elliptic curves over hashes despite post quantum concerns?

I'm not a cryptographer so I wouldn't know and I'm not trying to start any FUD but I've heard that Elliptic Curve Cryptography is not considered a Quantum-Safe or Post Quantum Cryptographic algorithm. Looks like Ethereum will be replacing patricia merkle trees with verkle trees which are based on elliptic curves[1].

I'd like to think the Ethereum developers know what they're doing and have Ethereum's best interest but then that would require trusting people in a space that's suppose to be trustless.

Refs@

[1] https://notes.ethereum.org/@vbuterin/verkle_tree_eip ,

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Posted by1 day ago

I was scammed because the scam didn't look like a scam. ✧ Besides my own foolishness, scammers are becoming smarter.

It was a late night, and I was about to go to bed when I received an airdrop message in telegram in the clone announcement group of a project that I had been active in. (IdenaAnnouncement) The group didn't look suspicious, and it even had a history of previous news from the project. I assumed that it was a real announcement channel (IdenaAnnouncements), but I failed to notice that it was actually a group and not a channel. The scammers had put restrictions on every member so that they couldn't write anything. As you can see the difference in names between the fake one and the real one is only in one letter `s`.

I followed the link, and the website looked quite professional. However, it requested access to my MetaMask wallet. Since I didn't have much money in it, I assumed that the official channel couldn't do any scam. I had been in this project for years. Unfortunately, it turned out to be a contract that took all of my money (about $47).

Here are some key takeaways from my experience that might help others avoid getting scammed:

Adjust your privacy settings to prevent anyone from adding you to groups without your consent.
Scammers are increasingly personalizing their attacks, parsing group members and imposing restrictions on them individually.
They also create fake members to make the group appear genuine and lure people into clicking on links.
The name of the fake group might be very similar to the original one, with just a small difference in spelling.
Always check is it a group with restrictions or is it a channel?

I realize now that I made a mistake, but scammers are constantly evolving and becoming more sophisticated. It's important to be cautious and vigilant to protect ourselves from their schemes.

I hope that my message helped people avoid being potentially scammed.

The scammers addresses:

0xD53f5c2cA654F291a44E611e17F42347660Faf66

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111 comments

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Posted by17 hours ago

Crypto's Entertainment Revolution: Industry's Game-Changer!

youtube.com/watch?...

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1 comment

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Posted by8 hours ago

Motivated actors could influence ethereum ecosystem/foundation to NOT transition to privacy-by-default -addresses?

Edit: title should end with "stealth-addresses". Somehow accidentally deleted it.

Over the past I've come across multiple instances in the news, where motivated actors (govt, media, etc.) act against privacy tools and also privacy coins etc. You can find plenty of examples online on that - and there are even gag letters, which companies get where they are forced to implement certain backdoors into their cloud services and they're not allowed to tell anyone about it.

And that's only the stuff we know about.

With this agenda, privacy coins/tools like Monero, Tornado Cash, etc. ars also targeted. I won't discuss the relationship to money laundering now. But the point is, that these actors have lots of incentives to discourage widespread usage of these things. The popularity of bitcoin and ethereum is likely not too strongly attacked, because the Blockchains are completely public and it's easy for existing large scale data globbling systems to connect people via their KYC at exchanges to their wallet addresses.

My hypothesis is, that when ethereum eventually moves to a privacy-by-default stealth address-based system, these actors will use lots of power and techniques to avoid this from happening. They could use all kinds of nice and not-so-nice techniques and for instance keep the ethereum foundation from actually working on this.

As the saying goes (afaik). The bear won't attack you, as long as you don't attack/threaten it's power. The ethereum foundation would probably have been much more in cross-fire if ethereum had been privacy-first since the beginning.

My worry is, that our goals of privacy in the future could get sabotaged/stopped - leaving us with an incomplete Blockchain and unfulfilled vision.

Yes, there will be still privacy L2s and smart contracts. But they don't work as good, if they are opt-in. After NSA revelations, everyone started taking encryption seriously. Encryption is opt-out now. All by default is encrypted. Privacy should be opt-out and not opt-in.

What do you guys think about this?

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