A reminder: Great minds discuss ideas; average minds discuss events; small minds discuss people. #plebchain Let’s get back on track on what’s important.

Bitcoin #silentpayments are a privacy-enhancing feature that allows users to make transactions without revealing their transaction history or patterns to outside observers. Here's a step-by-step explanation of how silent payments work: 1. **Public Key Generation**: The recipient generates a so-called silent payment address and makes it publicly known⁴. 2. **Shared Secret Derivation**: The sender takes a public key from one of their chosen inputs for the payment, and uses it to derive a shared secret. This is done using the same cryptography as stealth addresses and BIP 47, known as Elliptic Curve Diffie-Hellman (ECDH)³. 3. **Address Tweaking**: The sender tweaks the silent payment address using the shared secret. This process involves cryptographic operations that alter the public key to create a new, unique address for the transaction⁵. 4. **Transaction Execution**: The sender then makes a payment to the tweaked address. The transaction looks like any other on the blockchain, maintaining the sender's privacy¹. 5. **Payment Detection**: The recipient scans the blockchain for transactions to their tweaked addresses. Since they know the shared secret, they can identify which transactions are meant for them⁴. 6. **Privacy Preservation**: Silent payments do not increase the size or cost of transactions. They blend in with other Bitcoin #transactions and cannot be distinguished by an outside observer. There is no interaction required between the sender and receiver during the transaction¹. The characteristics of #silent payments include: - No increase in the size or cost of transactions. - Transactions blend in with other Bitcoin transactions and can't be distinguished. - Transactions can't be linked to a silent payment address by an outside observer. - No sender-receiver interaction is required¹. This method helps to #preserve financial privacy by preventing address re-use and making it difficult for chain analysis firms to track transaction patterns. It's a significant step towards enhancing user privacy in Bitcoin transactions.

### Mechanics of Silent Payments 1. **Address Generation**: The recipient generates a Silent Payment address, which is a public key that can be shared publicly. 2. **Payment Process**: The sender uses one of their public keys to derive a shared secret with the recipient's Silent Payment address. This shared secret is used to tweak the recipient's address, creating a unique address for the transaction. 3. **Blockchain Scanning**: The recipient scans the blockchain for transactions that match the tweaked address. This allows them to detect and access the payment without revealing their identity to outside observers. 4. **Enhanced Privacy**: By using Silent Payments, users can avoid the privacy issues associated with reusing Bitcoin addresses, such as making it easy for others to track their transactions and balances. #plebchain

This folks, is real POW! We need to get this maxi over here #plebchain #mounteverest

This is pretty good #plebchain sats back

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Silent payments are a type of payment that can be made to a unique on-chain address for every payment, even though the receiver provided the spender with a reusable (off-chain) address. This mechanism helps improve privacy in Bitcoin transactions. The mechanics of silent payments work as follows: - Address Reuse Avoidance: One of the most basic keys to improving your privacy on Bitcoin has long been avoiding the re-use of addresses for multiple payments. Address reuse leads to a significant erosion of privacy because it creates a public record of transactions on the blockchain, which can potentially be traced back to the user. - Unique On-Chain Address Generation: When the sender enters the Silent Payment address into their wallet, their wallet will combine three keys to create a unique, one-time address that only the intended recipient can spend from. Each time a silent payment is made, it automatically generates a new (regular) bitcoin address for that specific transaction. - Privacy and Security: Silent payments remove the need for a notification transaction entirely by leveraging the outputs in a transaction to signal to the recipient when funds are intended for them. This process protects both the sender's and the recipient's privacy. It also reduces security risks associated with exposing more information about your private key with each transaction. - Blending In: The resulting transactions from silent payments blend in with other Bitcoin transactions and can't be distinguished. This makes it harder for an outside observer to link multiple payments to the same sender. In summary, silent payments provide a way to make Bitcoin transactions more privately by avoiding address reuse, generating unique on-chain addresses for each transaction, and blending in with other transactions. However, it's important to note that while silent payments enhance privacy, they do not provide complete anonymity. The level of privacy afforded to users largely depends on how they use the Bitcoin protocol.

Dandelion++ is a transaction routing mechanism proposed to enhance privacy in Bitcoin transactions. It was developed by Brad Denby, Andrew Miller, Giulia Fanti, Surya Bakshi, Shaileshh Bojja Venkatakrishnan, and Pramod Viswanath. The protocol was designed to defend against deanonymization attacks during transaction propagation. In Bitcoin's transaction spreading protocol, a node transmits a transaction to its peers with independent, exponential delays, which allows network adversaries to link transactions to IP addresses. Dandelion++ mitigates this class of attacks by sending transactions over a randomly selected path before diffusion. This process consists of two phases: the "stem phase" and the "fluff phase". During the stem phase, transactions travel along a randomly selected path, and during the fluff phase, they are diffused. Despite its potential benefits, Dandelion++ has not been implemented in Bitcoin. The Bitcoin Improvement Proposal (BIP) 156 for #Dandelion++ was rejected. One of the reasons for the resistance to implement Dandelion++ in Bitcoin could be the complexity of the implementation and potential issues related to network topology. However, Dandelion++ has been adopted by other cryptocurrencies. For instance, it was applied to #Monero by developer Lee Clagett, with testing and review by developer moneromooo. In Grin, Dandelion++ also provides an opportunity to aggregate transactions before they are broadcast to the entire network. #plebchain

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 #plebchain Quick!

Blocks so fresh so clean #ocean

#testnet4 blocks coming in hot #plebchain

#testnet fees lmao

To create a raw transaction using the Bitcoin command-line interface (bitcoin-cli), you can follow these steps: 1. **Create the Raw Transaction:** - The `createrawtransaction` command allows you to create a transaction spending specific inputs and creating new outputs. The inputs are specified as a JSON array, and the outputs can be either addresses or data. - Here's the basic syntax: ``` bitcoin-cli createrawtransaction "[{\"txid\":\"myid\",\"vout\":0}]" "[{\"address\":0.01}]" ``` Replace `"myid"` with the actual transaction ID (txid) and `0` with the corresponding output index (vout). The output amount is specified as `0.01 BTC` in this example. 2. **Sign the Raw Transaction:** - After creating the raw transaction, you need to sign it using the `signrawtransactionwithkey` command. This step ensures that the transaction is valid and authorized. - You'll need the private keys corresponding to the inputs used in the transaction. 3. **Broadcast the Signed Transaction:** - Finally, use the `sendrawtransaction` command to broadcast the signed transaction to the Bitcoin network. - The signed transaction will be propagated to other nodes and included in the blockchain. Remember to replace the placeholders (`myid`, `0.01`, etc.) with actual values relevant to your use case. If you have additional inputs or outputs, adjust the command accordingly. 😊 For more details, you can refer to the [official Bitcoin documentation](https://developer.bitcoin.org/reference/rpc/createrawtransaction.html).¹ Source: (1) createrawtransaction — Bitcoin. https://developer.bitcoin.org/reference/rpc/createrawtransaction.html. (2) Broadcasting a raw transactions on bitcoin network.

Bitcoin Stack Exchange

Broadcasting a raw transactions on bitcoin network

I have made a raw transaction (based on Bitcoin rules) for my own for sending on Bitcoin network. I would like to submit it on the Bitcoin network....

(3) BitCoin - how to build raw transaction? - Stack Overflow.

Stack Overflow

BitCoin - how to build raw transaction?

According to the list from other question, to build a raw transaction I need:
listunspent - you get the list of all unspent transactions
Yo...

(4) undefined. http://127.0.0.1:8332/. #plebchain

#cleanblock

#btfd

🤦🏻

https://arxiv.org/pdf/2404.19109 The document from the provided URL, titled "The Shape of Money Laundering: Subgraph Representation Learning for Anti-Money Laundering," focuses on the application of advanced machine learning techniques to combat money laundering activities. Specifically, it explores the use of subgraph representation learning as a method to identify and analyze patterns indicative of money laundering within financial networks. This approach aims to enhance the detection capabilities of anti-money laundering (AML) systems by leveraging the structural information contained within financial transactions. Subgraph representation learning is a technique that captures the complex relationships and interactions between entities in a network. By applying this method, the research aims to uncover hidden patterns and behaviors that are characteristic of money laundering schemes, which are often difficult to detect with traditional AML methods. The document likely discusses the theoretical framework, methodology, and potential applications of this approach in the context of AML efforts. While the specific details of the experiments, results, and conclusions drawn in the document are not provided in the summary, it can be inferred that the research contributes to the ongoing efforts to strengthen financial systems against illicit activities through the innovative use of machine learning technologies[4]. Sources [1] https://arxiv.org/pdf/2404.19109.pdf [2] [PDF] 2024 National Money Laundering Risk Assessment (NMLRA) - Treasury https://home.treasury.gov/system/files/136/2024-National-Money-Laundering-Risk-Assessment.pdf [3] Clustering and Dimensionality Reduction for Anti-Money Laundering

arXiv.org

Combating Financial Crimes with Unsupervised Learning Techniques: Clustering and Dimensionality Reduction for Anti-Money Laundering

Anti-Money Laundering (AML) is a crucial task in ensuring the integrity of financial systems. One keychallenge in AML is identifying high-risk grou...

[4] The Shape of Money Laundering: Subgraph Representation Learning ...

arXiv.org

The Shape of Money Laundering: Subgraph Representation Learning on the Blockchain with the Elliptic2 Dataset

Subgraph representation learning is a technique for analyzing local structures (or shapes) within complex networks. Enabled by recent developments ...

[5] Our new research: Enhancing blockchain analytics through AI

Our new research: Enhancing blockchain analytics through AI

Discover how Elliptic researchers are revolutionizing blockchain analytics by using AI to detect money laundering in Bitcoin.

[6] [PDF] Fighting Money Laundering with Statistics and Machine Learning https://arxiv.org/pdf/2201.04207.pdf [7] [PDF] Clustering and Dimensionality Reduction for Anti-Money Launder https://arxiv.org/pdf/2403.00777.pdf [8] [PDF] Anti-Money Laundering in Bitcoin: Experimenting with Graph ... - arXiv https://arxiv.org/pdf/1908.02591.pdf

Fresh #TailsOS install with latest #Electrum and #Sparrowwallet running. Will try to add #bitcoincore pruned. Here’s a great article on the adding Sparrow

danielpcostas

Installing Sparrow Wallet on TailsOS persistently - danielpcostas.dev

Learn how install Sparrow Wallet on TailsOS in persistent storage, maintaining privacy and security at every step. Complete and practical guide.

They throw shade, call it fad, a tulip bubble reborn, But the hate just fuels the flame, keep that Bitcoin fire warm. From digital gold to financial revolution's song, Bitcoin's here to change the game, ain't goin' nowhere, it's strong. They say it's MySpace for coins, a fleeting internet trend, But Bitcoin's the open road, a global network to transcend. Model-T? Nah, it's the future, a freeway for all to see, A new element, digital, built on math's integrity. More than money, it's a system, a social contract reborn, Adapting, evolving, weathering every economic storm. The haters yell the loudest, a sure sign of a threat, Bitcoin's here to disrupt, a revolution you can't forget. #plebchain #rap #bitcoin

Stolen from the bird #tiktok

#derivationpath #samourai #wallet