Topic: [Brainstorm] Implications of Blacklisting DPR's Seized Bitcoins - page 4. (Read 4968 times)
October 09, 2013, 05:49:26 AM
because, someone might think it delightfully evil to disallow the fedz to spend or exchange the confiscated bitcoin, rendering those coins worthless.
October 09, 2013, 05:36:30 AM
Apart from the fact that it would be a terrible idea for the whole Bitcoin environment, as fully discussed in many other threads on the same topic, I still wonder one thing... WHY one should do that? What's wrong with it? Why you should blacklist those coins?
They have been used in the commission of a crime (as recognised in almost every jurisdiction) and have been consequently seized. Full stop. What's your problem with that?
They have been used in the commission of a crime (as recognised in almost every jurisdiction) and have been consequently seized. Full stop. What's your problem with that?
October 09, 2013, 05:10:27 AM
Call James Spader.
So funny, that I nearly peed
October 09, 2013, 05:02:28 AM
Call James Spader.
October 09, 2013, 04:58:53 AM
And how are you going to blacklist coins?
October 09, 2013, 04:52:10 AM
Fungibility is an extremely important property for bitcoin, as it is for all kinds of money! Take away fungibility and bitcoin is dead.
October 09, 2013, 03:54:49 AM
Horrible Idea. Bitcoins should be neutral forever and always. No matter how they are ill gained.
October 08, 2013, 10:24:07 PM
If such a blacklisting scheme that worked were implemented, it would be used against us at best and would kill the value of Bitcoin at worst.
October 08, 2013, 10:14:23 PM
You and several other people blacklist it and vow to never accept bitcoins from that address.
And the rest of us will accept them and they will propagate out to the whole network.
And the rest of us will accept them and they will propagate out to the whole network.
As I said before, it would be interesting to see what happens if the coins were sent TO MTGOX for exchange. The US Government has taken Bitcoins from MTGOX via seizure.
October 08, 2013, 10:11:53 PM
1) What are the implications of Bitcoin as a protocol as a whole if the seized coins are blacklisted?
Bitcoin would essentially be a complicated and inconvenient PayPal competitor.Bitcoin needs to follow the rules of the Bitcoin network protocol for everyone, without exceptions. Otherwise it's no different than a centrally controlled currency.
October 08, 2013, 10:09:21 PM
You don't.
That's how cash works.
That's how cash works.
October 08, 2013, 10:05:19 PM
these coins are perfectly legit
the FBI won them fair and square.
the FBI won them fair and square.
October 08, 2013, 10:00:20 PM
How can I blacklist all the $20's with traces of cocaine on? A lot of singles end up inside the panty of strippers. I need to find a way to blacklist them too. 
October 08, 2013, 09:52:08 PM
You and several other people blacklist it and vow to never accept bitcoins from that address.
And the rest of us will accept them and they will propagate out to the whole network.
And the rest of us will accept them and they will propagate out to the whole network.
October 08, 2013, 08:55:45 PM
1) What are the implications of Bitcoin as a protocol as a whole if the seized coins are blacklisted?
2) How does this affect the pending legal status of Bitcoin and its uses?
3) If they were blacklisted how would this be done? Would miners simply refuse transactions from these coins? Or could they be returned to the network in the least disruptive way?
Not actually advocating this, but its just been a thought that has been on my mind.
2) How does this affect the pending legal status of Bitcoin and its uses?
3) If they were blacklisted how would this be done? Would miners simply refuse transactions from these coins? Or could they be returned to the network in the least disruptive way?
Not actually advocating this, but its just been a thought that has been on my mind.
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