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Topic: Bitcoin Dust Address Made Simple - page 2. (Read 236 times)

hero member
Activity: 3038
Merit: 617
September 13, 2021, 02:25:10 AM
#11
I had some dust in my wallet 4 years ago, today its worth 6000$.

This is interesting because it gives one to think that as the price goes up, what is dust today may be a respectable amount tomorrow, and therefore if one waits instead of trying to solve the dust problem today, one may find that the problem has solved itself.

One might. But what is exactly the problem in having low ammounts of coin in a wallet adress?Is there a real issue impending from it or just ones OCD.

The problem is that if you want to spend those low amounts you are going to pay a lot of money in fees. For this it is often worthwhile to consolidate them into an input when the fees are low as explained in the following thread:

[Sep 2021] Mempool empty! Use this opportunity to Consolidate your small inputs!


Looks like it's worth receiving dust. A 1000 satoshis today may be worth a lot after 4 years, that sender must have been regretting by now. Looks like a very wasteful way, this wouldn't be a method of choice today.   It would be expensive to send the dust to an address too. I would rather be making those hackers who attempt regret when the 1000 sats will be worth spending.
 
But how about tracking them instead, can you provide that service while you are at it receiving dust?
legendary
Activity: 3472
Merit: 10611
September 13, 2021, 02:21:43 AM
#10
I had some dust in my wallet 4 years ago, today its worth 6000$.
The term "dust" in bitcoin refers to a very small amount of bitcoin that costs more to send considering the minimum transaction fee. It usually is around 500 satoshi although it can change and has changed with the price.

$6000 today is 0.1343BTC which is far from being "dust", not to mention 4 years ago it still was a considerable amount of bitcoin since in 2017 price of it were between $134 to $2680 and nothing in that range can be considered "dust".
legendary
Activity: 1372
Merit: 2017
September 13, 2021, 01:57:23 AM
#9
I had some dust in my wallet 4 years ago, today its worth 6000$.

This is interesting because it gives one to think that as the price goes up, what is dust today may be a respectable amount tomorrow, and therefore if one waits instead of trying to solve the dust problem today, one may find that the problem has solved itself.

One might. But what is exactly the problem in having low ammounts of coin in a wallet adress?Is there a real issue impending from it or just ones OCD.

The problem is that if you want to spend those low amounts you are going to pay a lot of money in fees. For this it is often worthwhile to consolidate them into an input when the fees are low as explained in the following thread:

[Sep 2021] Mempool empty! Use this opportunity to Consolidate your small inputs!
jr. member
Activity: 140
Merit: 4
September 13, 2021, 01:50:27 AM
#8
I had some dust in my wallet 4 years ago, today its worth 6000$.

This is interesting because it gives one to think that as the price goes up, what is dust today may be a respectable amount tomorrow, and therefore if one waits instead of trying to solve the dust problem today, one may find that the problem has solved itself.

One might. But what is exactly the problem in having low ammounts of coin in a wallet adress?Is there a real issue impending from it or just ones OCD.
legendary
Activity: 1372
Merit: 2017
September 13, 2021, 01:48:31 AM
#7
I had some dust in my wallet 4 years ago, today its worth 6000$.

This is interesting because it gives one to think that as the price goes up, what is dust today may be a respectable amount tomorrow, and therefore if one waits instead of trying to solve the dust problem today, one may find that the problem has solved itself.
jr. member
Activity: 140
Merit: 4
September 13, 2021, 01:44:07 AM
#6
I had some dust in my wallet 4 years ago, today its worth 6000$.
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
September 13, 2021, 01:38:26 AM
#5
If someone were to send you their dust, then there wouldn't be any use for you either. A dust of a dust would mean that it would cost even more for you to spend it.

It is more cost efficient to spend the dust to an OP_return. OP_return can be zero value and smaller in size, you would be able to burn most dusts while making it cost efficient. As opposed to increasing the UTXO bloat for no reason.
legendary
Activity: 3472
Merit: 10611
September 13, 2021, 12:39:35 AM
#4
I don't see anything special here! You just created a vanity address starting with the word "dust" and a website that redirects to blockchain.com explorer. This does not solve anything at all, let alone dust issue that any user may have.

So basically you are asking people for donations!
legendary
Activity: 2254
Merit: 2406
Playgram - The Telegram Casino
September 13, 2021, 12:32:40 AM
#3
The only issue here is that one cannot send dust transactions without the tx including inputs from that address or other addresses. There are ways around this, but not everyone is aware of this and an attempt to send would likely compromise privacy.
Using the lock coin or lock address feature is one of the best alternatives to deal with dust txs.
sr. member
Activity: 2380
Merit: 366
September 12, 2021, 11:09:52 PM
#2
Perhaps it helps to give a short definition of what a Bitcoin dust is and why it matters. It might help to make people understand the relevance or risk of having a dust in one's wallet and what to make of it or how it could be done away. Perhaps it is also at this point where you introduce your dust address or site and why they are necessary. What specific roles are they to play? Why are they important?

I also don't understand the purpose of you developing this dust address. What is it for and how could we benefit from it? How does it work?
member
Activity: 66
Merit: 17
September 12, 2021, 03:59:58 PM
#1
bitcoindustaddress.com

So I recently decided to make a dust address that would be easily accessible to anyone. I even decided to make the investment of buying the domain name of bitcoindustaddress.com to make it a simple search to get to a bitcoin dust address and diminish of the dust that one may have received.

Hopefully this will pick up traction and will become THE universal bitcoin dust address. I have my doubts though lol.
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