Topic: .gov seizure... could the community seize it right back? (Read 845 times)
Gabi, please elaborate.
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Wouldn't this kind of transaction require a software support?
Yup, this is why it would be a hard fork. But it would not need 51% of anything, you would create Bitcoin2. Quote
No. 51% can only make a Denial of Service attack.
It cannot send bitcoins to another wallet. You still need a private key to do that.
Wrong. You can go back in the blockchain and rewrite the block wich created the coins used in that transactions and have them mined by you. Since you mined them, you can send them to whoever you want. That is a 51% attack.It cannot send bitcoins to another wallet. You still need a private key to do that.
But the OP was not speaking about a 51% attack but about a hard fork, wich would create Bitcoin2, exactly like we have namecoin, litecoin etcetc.
Possible? Probably yes
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Of course, 51% would have to agree by updating to new clients
That is NOT how a hard fork work Wouldn't this kind of transaction require a software support?
But this sort of thing is very questionable. Where do we start from and where do we end. And what is chosen acceptable and what is not.
Possible? Probably yes
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Of course, 51% would have to agree by updating to new clients
That is NOT how a hard fork work 
Just curious here, but it seems to me that the community as a whole has control over what transactions are valid and which are not. Would it be possible to create a fork in the blockchain that contained a transaction from the .gov wallet that houses the seized Silk Road coins that send them to another wallet? Perhaps to bitcoin.org, or a charity, or to somewhere where it will do some good for the community at large.
Of course, 51% would have to agree by updating to new clients. But my question is not so much if we should try to do it, but rather if it is technically possible. Thoughts?
Of course, 51% would have to agree by updating to new clients. But my question is not so much if we should try to do it, but rather if it is technically possible. Thoughts?
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