I guess I'm just dense. Still do not grok. I get that someone could generate an address that would send Steem or SBD to @x but do not understand how @x could send a memo that appeared to come from @blocktrades
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I would start by sending an insignificant amount to you with a memo that designates me as the recipient of a different, new transaction, via blocktrades, so it looks like blocktrades is initiating a conversation with you.
It says 'blocktrades' in your wallet because that's the exchange service which delivered my bait transaction, with the memo hook.