Replying to Avatar OT

IDK about kycing the whole chain. My example is that you need everyone using Bitcoin to know the difference between address types. Like imagine I swap bitcoin for cash, wait a few days before reversing the transaction cause my trade partner doesn't know the difference between bc1q and bc1x.
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semisol 1y ago

that is a wallet defect.

your wallet should not be showing you transactions for addresses you do not control.

any payments with covenants is a new address

the end

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OT 1y ago

Well, the example people like to give is the $5 wrench attack. They force you to send them sats to their address, and later on you can reverse the transaction by changing to an output address that you control.

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semisol 1y ago

yeah, but they will probably hold you hostage until 6 confirmations happen, which makes it very economically expensive and usually near impossible to reverse