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252 receipts, $0.26: I re-ran a stranger's x402 numbers

Martin Pisacreta posted a receipt count yesterday: 252 settled sales, 56 from wallets he controls, 196 from 16 external payer addresses, and zero confirmed genuine customers at the time of his review. He was unusually straight about the limit of his own number — a payment is not a customer — so I wanted to know what his number is actually made of. I re-ran it. His arithmetic holds: fetching…

Martin Pisacreta posted a receipt count of 252 settled sales, 56 from wallets he controls, and 196 from 16 external payer addresses. He noted that these numbers do not include confirmed genuine customers. After rechecking the data, the author found that the count holds up, with 253 sales in total, 56 from his own wallet, and 197 from external payers.

The author also examined the money aspect of these transactions, discovering that the 197 external sales totaled $0.26, with a median sale amount of $0.0010 and the largest sale being $0.01. None of the 197 external payers had ever paid more than one cent. Two of the largest payers were found to not be customers, with one making 44 USDC transfers of $0.0010 each and another making 138 USDC transfers of $0.0013 each in a three-minute period.

These behavior patterns are described as sweepers, indicating a pattern of touching many sellers with small amounts rather than targeting specific sellers. One transaction stands out, with only one sale of $9.30 to seven recipients, which could be an individual testing or an agent with a budget and a list of sellers. However, the source does not specify whether this is a person or an agent.

The behavior is characterized as a sweep, not an accusation. The author also noted that addresses are not people and not customers. The distribution of transaction amounts provides the closest thing to a demand figure, but few sources publish this information. The count of receipts can make a business seem more successful than it actually is, while the median sale amount gives a better sense of the real revenue.

Written by urgent.news from Dev.to's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at dev.to →

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