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Topic: Are all bitcoins considered equal? - page 2. (Read 1181 times)

hero member
Activity: 3080
Merit: 603
March 07, 2017, 09:56:02 PM
#4
Are these considered less valuable than untainted bitcoin?

Remember that when someone invested to bitcoin and deposited billions or millions of dollars on it. It doesn't matter, that will add up to the total market cap of bitcoin.

For example, let's say someone makes a large purchase (unknowingly) of previously stolen bitcoin. They deposit it into an exchange. Will the exchange balk?

On this case, there are exchanges that doesn't really care and doesn't do some tracing back on where did you got those coins.
hero member
Activity: 1190
Merit: 525
CryptoTalk.Org - Get Paid for every Post!
March 07, 2017, 09:51:24 PM
#3
The stolen Bitcoins can be tracked, if it's a billionary crime, surely the money's owner will want to retrieve it and will contact police, detectives, hackers to find the money. But for everyone the stolen Bitcoins will be like any other Bitcoin, no difference... But if this thief be caught, he will have serious problems with the law forces.
legendary
Activity: 3234
Merit: 1214
Vave.com - Crypto Casino
March 07, 2017, 09:48:57 PM
#2
Hundreds of millions or billions of dollars in bitcoin has been stolen. Are these considered less valuable than untainted bitcoin? For example, let's say someone makes a large purchase (unknowingly) of previously stolen bitcoin. They deposit it into an exchange. Will the exchange balk?
I don't think exchange has the accessibility to segregate the coins under different category. Everything that's been mined are bitcoins and there won't be any data to separate coins as mined, stolen coins, earned coins or purchased coins. Exchange just get it and give away the profit periodically.
sr. member
Activity: 503
Merit: 286
March 07, 2017, 09:36:17 PM
#1
Hundreds of millions or billions of dollars in bitcoin has been stolen. Are these considered less valuable than untainted bitcoin? For example, let's say someone makes a large purchase (unknowingly) of previously stolen bitcoin. They deposit it into an exchange. Will the exchange balk?
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