( ) technical ( ) legislative ( ) market-based ( ) vigilante
approach to fighting collectively managing Bitcoin. Your idea will not work. Here is why it won't work. (One or more of the following may apply to your particular idea, and it may have other flaws which used to vary from state to state before a bad federal law was passed.)
( ) Hackers can easily use it to harvest Bitcoins
( ) Bitcoin Wallets and other legitimate uses for Bitcoin would be affected
( ) No one will be able to find the guy or collect the money
( ) It is defenseless against the 51% attack
( ) It will slow down difficulty increase for only two weeks and then we'll be stuck with it
( ) Users of Bitcoin will not put up with it
( ) BFL will not put up with it
( ) The police will not put up with it
( ) Requires too much cooperation from the Bitcoin Network
( ) Requires immediate total cooperation from everybody at once
( ) Many Bitcoin users cannot afford to lose business or alienate potential exchange partners
( ) Hackers don't care about your feelings
( ) Anyone could anonymously purchase black market goods with Bitcoins
Specifically, your plan fails to account for
( ) Laws expressly prohibiting it
( ) Lack of centrally controlling authority for Bitcoins, like the U.S. Dollar
( ) Open trusted nodes to foreign governments
( ) Ease of searching the public transaction addresses removes your privacy
( ) Asshats
( ) Jurisdictional problems
( ) Unpopularity of forking the Bitcoin to solve your problem
( ) Public reluctance to accept weird new forms of money
( ) Huge existing software investment in GPU
( ) People are going to ASIC, get over it!
( ) Willingness of users to install any beta wallet client no matter who made it off even if its open source
( ) Armies of malware riddled rent-less, free power GPU mining boxes
( ) Eternal ASCI arms race involved in all mining approaches
( ) Extreme profitability of deflation
( ) Extreme profitability of inflation
( ) Technically illiterate politicians
( ) Extreme stupidity on the part of people who do business with Bitcoin users and businesses
( ) Dishonesty on the part of Bitcoin users themselves
( ) Electricity costs that affect mining equipment profitability
( ) Linux
and the following philosophical objections may also apply:
( ) Ideas similar to yours are easy to come up with, yet none have ever
been shown practical
( ) Any scheme based on central issuing authority is unacceptable
( ) Blacklists suck
( ) Whitelists suck
( ) We should be able to talk about anything without being censored
( ) Countermeasures should not involve wire fraud or credit card fraud
( ) Countermeasures should not involve sabotage of public networks
( ) Countermeasures must work if phased in gradually
( ) Sending Bitcoins should be free
( ) Why should we have to trust you and your servers?
( ) Incompatiblity with open source or open source licenses
( ) Feel-good measures do nothing to solve the problem
( ) Temporary/one-time Bitcoin addresses are cumbersome
( ) I don't want the government knowing all my financial tranactions
( ) Killing them that way is not slow and painful enough
Furthermore, this is what I think about you:
( ) Sorry dude, but I don't think it would work.
( ) This is a stupid idea, and you're a stupid person for suggesting it.
( ) Nice try, assh0le! I'm going to find out where you live and burn your
house down!