This has been said before, but I will say it again. This type of plan, although noble would make bitcoin to be no longer fungible and as a result would no longer be any kind of payment method.
One other question: if your central authority could track stolen bitcoin, why couldn't they simply instruct the miners to not accept transactions out of addresses associated with the stolen coins?
Topic: How to avoid thefts using stolen bitcoins. (Read 2036 times)
Yeah there would always be a way around your proposed blacklist too, as pointed out by prior poster. They could sell on the private market, or sit on it for a really long time. Even if you had to sell it small bit by bit, that wouldn't deter people stealing.
I read story after story about people losing BTC to theft and not 100%, but SO MANY are preventable. I mean, I hear some people with thousands of dollars worth, and how they were robbed, and I look at me with like .5 BTC and my .5 is a lot safer than 100 BTC people store. It's just overconfidence or stupidity.
I read story after story about people losing BTC to theft and not 100%, but SO MANY are preventable. I mean, I hear some people with thousands of dollars worth, and how they were robbed, and I look at me with like .5 BTC and my .5 is a lot safer than 100 BTC people store. It's just overconfidence or stupidity.
I'm not a thief but if I was and it was a significant amount, I'd break it up into smaller chunks and then sit on it for awhile.
Then trade it with some un-suspecting newish users NOT using an exchange for altcoins, maybe litecoin. Send the altcoins through a mixer, and cash out the mixed altcoins.
The tainted bitcoins would be someone elses problem, not mine.
That's why address blacklists etc. that return stolen coins don't work.
The person who ends up losing coins isn't the person with a security problem that had them stolen but someone else who didn't have a security problem. And it isn't the thief.
Then trade it with some un-suspecting newish users NOT using an exchange for altcoins, maybe litecoin. Send the altcoins through a mixer, and cash out the mixed altcoins.
The tainted bitcoins would be someone elses problem, not mine.
That's why address blacklists etc. that return stolen coins don't work.
The person who ends up losing coins isn't the person with a security problem that had them stolen but someone else who didn't have a security problem. And it isn't the thief.
I must say this is a problem for Bitcoiners when their coins get stolen ...
I think that hackers are kinda happy that Bitcoin was created in other way than we are ...
They have so many chances to get people's coins ... and then well ... chances that they will get caught are lower than than that they will somehow withdraw it with no tracking possible
And this is a problem I must say.
But you have to remember that most of the hackers are doing really simple tricks and you are able to secure yourself ...
Almost every video about "how to get started with Bitcoin" is sharing main security steps which you HAVE to take if not you are placing yourself in a risky situation.
Strong password. Never stored! Just in a brain or a sheet of a paper cut in a half and placed in two different secure places.
-Layer security ex.Firewall = mininum 2x firewall - router + OS
and be AWARE of phising e-mails! ALWAYS check what is a LINK connected to a button "login" in your e-mail from FB or Twitter or ANYTHING else (Forum/etc).
Bitcoin is a digital currency.
If you are hodling - store COLD-STORAGE (offline!)
For spendings follow security steps and decrease the risk!
Regards..
I think that hackers are kinda happy that Bitcoin was created in other way than we are ...
They have so many chances to get people's coins ... and then well ... chances that they will get caught are lower than than that they will somehow withdraw it with no tracking possible
And this is a problem I must say.
But you have to remember that most of the hackers are doing really simple tricks and you are able to secure yourself ...
Almost every video about "how to get started with Bitcoin" is sharing main security steps which you HAVE to take if not you are placing yourself in a risky situation.
Strong password. Never stored! Just in a brain or a sheet of a paper cut in a half and placed in two different secure places.
-Layer security ex.Firewall = mininum 2x firewall - router + OS
and be AWARE of phising e-mails! ALWAYS check what is a LINK connected to a button "login" in your e-mail from FB or Twitter or ANYTHING else (Forum/etc).
Bitcoin is a digital currency.
If you are hodling - store COLD-STORAGE (offline!)
For spendings follow security steps and decrease the risk!
Regards..
If you HODL store it CODL!
best advice ever! 
Where has the thread gone?
True - but the hacker(s) gave themselves 36 days to return half of what they have promised (plenty of time for someone to "sell up and leave the country" if you were concerned with being located).
The hacker agreed to return some BTC within 24 hours, some BTC within a month or so, and some of the NXT. The hacker basically claimed the 500 BTC bounty for finding himself and returning funds. See the very last post in that thread.
What happened to Klee's post? Trying to get up to speed on where he's at. Any luck getting them back?
This? Again?
Read my signature:
**signature**
Bitcoin must have unqualified fungibility to survive as a form of money. We must support all efforts that protect and improve the fungible nature of Bitcoin and stand firmly against anyone or anything which threatens this essential property.
This is 100% true. Any form of money that is not fungible will eventually fail, maybe not right away, but will eventually as the lack of fungibility will eventually be abused by someone, eroding trust in the money itself. Read my signature:
**signature**
Bitcoin must have unqualified fungibility to survive as a form of money. We must support all efforts that protect and improve the fungible nature of Bitcoin and stand firmly against anyone or anything which threatens this essential property.
I think it's got good intentions but would be almost impossible to carry out. I think the bitcoin community values freedom and the idea that there are no limits on who you can send to. There is still the issue of fraud though because someone can claim someone stole from them when maybe they did not. And then if it's disputed (like someone saying they bought something and it's defective) so you'll still need an arbiter to decide whether bitcoins get blacklisted or not.
This? Again?
Read my signature:
Read my signature:
Let me start that this might sound stupid, since I have no idea about any technical thing about bitcoins, programming, etc, but I was reading about the guy who lost over 1000 bitcoins and came up with this. You tell me if it's posible, realistic or it's not. Here we go:
Someone creates a business called X, and what it does is the following: once you are robbed, you send them the adress and number of btcs stolen. Since this moment, the ddbb from X monitors the blockchain from those btcs, adding each adress to the ddbb. At the same time, exchanges, bitcoin shops, and gateway payments are connected to that ddbb, so since the moment they receive btcs from an adress that is on the ddbb would raise a red flag and freeze the btcs.
Obviously, since someone reports would have 24/48 hours to prove they were stolen ( screenshots, police reports, etc). And also, for a business to be connected to that ddbb would add value to their work.
Good idea? Stupid?
Someone creates a business called X, and what it does is the following: once you are robbed, you send them the adress and number of btcs stolen. Since this moment, the ddbb from X monitors the blockchain from those btcs, adding each adress to the ddbb. At the same time, exchanges, bitcoin shops, and gateway payments are connected to that ddbb, so since the moment they receive btcs from an adress that is on the ddbb would raise a red flag and freeze the btcs.
Obviously, since someone reports would have 24/48 hours to prove they were stolen ( screenshots, police reports, etc). And also, for a business to be connected to that ddbb would add value to their work.
Good idea? Stupid?
Wanting to have the stolen coins returned would open a huge space for fraud.
One of the beautiful features to bitcoin is that it is YOUR MONEY and nobody can decide to revert your transactions.
Unfortunately, we're so much used to be nannied by banks, authorities and insurancies, that instead of enjoying the freedom to actually own money, we seek refuge with someone "bigger" while forgetting that even those "big ones" have failed many times.
Instead of looking up to "authorities", everybody just look down to your hands/computers/mobiles and PREVENT from having your bitcoins stolen.
If you want to own this money, take the responsibility or go back to your local bank with insurance.
tl;dr
there are numerous advises with long to-do's to secure your btc holdings
OR JUST get a trezor once on sales and skip those to-do's
A shameless selfpromo I know
but this or any other good hardware wallets will change the current security around bitcoin. I must say this is a problem for Bitcoiners when their coins get stolen ...
I think that hackers are kinda happy that Bitcoin was created in other way than we are ...
They have so many chances to get people's coins ... and then well ... chances that they will get caught are lower than than that they will somehow withdraw it with no tracking possible
And this is a problem I must say.
But you have to remember that most of the hackers are doing really simple tricks and you are able to secure yourself ...
Almost every video about "how to get started with Bitcoin" is sharing main security steps which you HAVE to take if not you are placing yourself in a risky situation.
Strong password. Never stored! Just in a brain or a sheet of a paper cut in a half and placed in two different secure places.
-Layer security ex.Firewall = mininum 2x firewall - router + OS
and be AWARE of phising e-mails! ALWAYS check what is a LINK connected to a button "login" in your e-mail from FB or Twitter or ANYTHING else (Forum/etc).
Bitcoin is a digital currency.
If you are hodling - store COLD-STORAGE (offline!)
For spendings follow security steps and decrease the risk!
Regards..
I think that hackers are kinda happy that Bitcoin was created in other way than we are ...
They have so many chances to get people's coins ... and then well ... chances that they will get caught are lower than than that they will somehow withdraw it with no tracking possible
And this is a problem I must say.
But you have to remember that most of the hackers are doing really simple tricks and you are able to secure yourself ...
Almost every video about "how to get started with Bitcoin" is sharing main security steps which you HAVE to take if not you are placing yourself in a risky situation.
Strong password. Never stored! Just in a brain or a sheet of a paper cut in a half and placed in two different secure places.
-Layer security ex.Firewall = mininum 2x firewall - router + OS
and be AWARE of phising e-mails! ALWAYS check what is a LINK connected to a button "login" in your e-mail from FB or Twitter or ANYTHING else (Forum/etc).
Bitcoin is a digital currency.
If you are hodling - store COLD-STORAGE (offline!)
For spendings follow security steps and decrease the risk!
Regards..
If you HODL store it CODL!
Problematic issue..
everybody wants to prevent that but no one can profit from that process.
service that will take the responsibility for the stolen btc's will have to deal with a lot of issues between both sides that payed and got stolen.
the closest way I could think of is just like real money - an insurance for btc.
in our world the thieves not always can be catch but money can restore any bad feelings
everybody wants to prevent that but no one can profit from that process.
service that will take the responsibility for the stolen btc's will have to deal with a lot of issues between both sides that payed and got stolen.
the closest way I could think of is just like real money - an insurance for btc.
in our world the thieves not always can be catch but money can restore any bad feelings
I must say this is a problem for Bitcoiners when their coins get stolen ...
I think that hackers are kinda happy that Bitcoin was created in other way than we are ...
They have so many chances to get people's coins ... and then well ... chances that they will get caught are lower than than that they will somehow withdraw it with no tracking possible
And this is a problem I must say.
But you have to remember that most of the hackers are doing really simple tricks and you are able to secure yourself ...
Almost every video about "how to get started with Bitcoin" is sharing main security steps which you HAVE to take if not you are placing yourself in a risky situation.
Strong password. Never stored! Just in a brain or a sheet of a paper cut in a half and placed in two different secure places.
-Layer security ex.Firewall = mininum 2x firewall - router + OS
and be AWARE of phising e-mails! ALWAYS check what is a LINK connected to a button "login" in your e-mail from FB or Twitter or ANYTHING else (Forum/etc).
Bitcoin is a digital currency.
If you are hodling - store COLD-STORAGE (offline!)
For spendings follow security steps and decrease the risk!
Regards..
I think that hackers are kinda happy that Bitcoin was created in other way than we are ...
They have so many chances to get people's coins ... and then well ... chances that they will get caught are lower than than that they will somehow withdraw it with no tracking possible
And this is a problem I must say.
But you have to remember that most of the hackers are doing really simple tricks and you are able to secure yourself ...
Almost every video about "how to get started with Bitcoin" is sharing main security steps which you HAVE to take if not you are placing yourself in a risky situation.
Strong password. Never stored! Just in a brain or a sheet of a paper cut in a half and placed in two different secure places.
-Layer security ex.Firewall = mininum 2x firewall - router + OS
and be AWARE of phising e-mails! ALWAYS check what is a LINK connected to a button "login" in your e-mail from FB or Twitter or ANYTHING else (Forum/etc).
Bitcoin is a digital currency.
If you are hodling - store COLD-STORAGE (offline!)
For spendings follow security steps and decrease the risk!
Regards..
What if the thief start sending small amounts to thousands of addresses owned by others? Then these get mixed into tens of thousands clean bitcoin? Should the exchange stop accepting every single one of those coins?
Step 1: Watch the blockchain for any huge transactions from one address to another
Step 2: Claim that a huge transaction was actually stolen money from my address
Step 3: ?? your idea ??
Step 4: Profit!
As crazy as this sounds, this is actually what the OP is suggesting to do.Step 2: Claim that a huge transaction was actually stolen money from my address
Step 3: ?? your idea ??
Step 4: Profit!
Anyone can easily track bitcoin though the blockchain, and there is no real reason to need a company to do this for stolen coins.
and what ?
bitcoin are unstolled ... and can't be recover.
detective job is a scam "by essence" in bitcoin environment.
bitcoin are unstolled ... and can't be recover.
detective job is a scam "by essence" in bitcoin environment.
Step 1: Watch the blockchain for any huge transactions from one address to another
Step 2: Claim that a huge transaction was actually stolen money from my address
Step 3: ?? your idea ??
Step 4: Profit!
Step 2: Claim that a huge transaction was actually stolen money from my address
Step 3: ?? your idea ??
Step 4: Profit!
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