Almost $3 Billion dollars where stolen last year through various scams involving crypto addresses. Be it via fake links, phishing or “address poisoning” this cannot go on.
A multitude of solutions have been given and i want to hear your thoughts because I’m not sure which i find the best:
- The simple solution that just patches the whole and doesn’t fix the issue is “burner” addresses. Simple one time use wallets that lake the reusability.
- Send-to-Name where upon receiving a username all future transaction are run over one time addresses that are all connected to the same name.
- Wallet providers could add more verification steps, but that doesn’t solve the issue of sending to the wrong address.
- AI could be used to flag sus transactions, but that removes a certain amount of privacy.
I personally am more inclined to lean towards the send-to-name solution, because i like the privacy aspect of it. I’m a huge advocate of people staying out of my business and that’s the one where i can have the most guarantee of that. Non the less i would be interested to hear more on what you guys have to say.
If you are interested in looking into the send-to-name stuff i was talking about, take a take a glance. Also may be worth getting the username you want before it starts becoming trendy.
submitted by /u/Puzzled-Fox4434
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