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caz.eth

@caz.eth

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The Warpcast team updated their dataset of user spam labels a few hours ago. They have been doing this weekly for about a month and I have been going through the data on each release. This update was probably the biggest change in the data in terms of the distribution of spam labels: After the previous release only ~9% of users with labels were labeled as unlikely to be spam and 42% as might engage in spam. The remaining 49% were labeled as likely to engage in spam (these are the three labels that exist - a user can also have no label). After this release 18% of users are labeled as unlikely - doubled from before this update - and only 35% as might be spam. So there has been a big increase in users labeled as unlikely to be spam, which is coming from a relabeling of existing users. About 19k users who were previously labeled as likely to be spam and ~29k users who were labeled as might be spam are now labeled as unlikely. ->
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It's great that the Ethereum community is increasing its focus on privacy. Not only because users in all likelihood prefer privacy but because it is simply impossible for money to be good money if it has public history built into it. The best kind of money is identical in all meaningful sense but the money's history makes it unique and this is precisely what you don't want. What happens if you get money from someone and it turns out that those coins have been in touch with an adress way back that someone doesn't want to associate with for some reason? Institutions say "Sorry these coins no good to us. We don't want them.". Those coins are less useful than you thought and worth less than the "market price" to everyone because of their history. So you - and everyone else - must check if the coin's history is acceptable. But even if you do this it might afterwards emerge that an address you've transacted with has dubious connection way back - which you couldn't now at the time - and now you are burnt.
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