Pages:
Author

Topic: Gox stash recoverable by wallet update? - page 3. (Read 3593 times)

sr. member
Activity: 504
Merit: 250
February 28, 2014, 02:17:50 PM
#1
Me being oblivious to much of the inner workings of the Bitcoin protocol, someone else suggested that doing a "hard wired" transfer of the contents of the wallets being locked up in Gox should be possible through a wallet update if it reaches a 51% consensus amongst miners.

This is a technical subforum, so my question is not about short-circuiting the legal system or debating if this is a purist libaritarian thing to do.

Long term this will show resilience amongst Bitcoiner's as a self governing community, and in some way comparable to correction on the hard fork a while back, where consensus was reached quickly and an update was implemented to bring the network back in sync.

Short term speculators that think this will have a negative effect on price, think again. If we get a reputation as a democratic consensus driven payment system also, more will trust Bitcoin, and that will have a positive effect on price. Think of it like the dye bomb system implemented in banks.

In effect the consensus principle would act as a global Bitcoin banking authority in cases like that.

The wallets in question would be announced beforehand and anyone claiming ownership other than the curators would have a possibility to protest the suggestion.

So my question,: Is it possible to delete a known wallet and make it's balance appear in a new one with not lost keys (under the pretence that coins locked out in Gox are proper identified)?

Has the Foundation taken a position on that question, to anyone’s knowledge?
Pages:
Jump to: