Topic: How to freeze a bitcoin account (Read 157 times)

Exactly. It's a loophole (which is much, much harder to exploit than you let on, and gets even harder as the system grows) that is pretty much impossible to exploit in practice because it would entail bringing down the whole system, which would hurt the ones bringing it down the most. It's like mass suicide, except without the involvement of cults -- completely and utterly absurd.

Viewed in this light, it's practically impossible to freeze a Bitcoin address, and it's practically impossible for a 51% attack to happen in Bitcoin.

Your bitcoin account can not be frozen, you store it on your wallet or on the stock exchange, and the price will always either rise or rise, it's not a bank account to simply fix the price

In theory, almost everything done on a computer, can, in a way, be rebuilt in a platform based on coding. Designing an encoding currency involves turning a network of computers around the world into a decentralized platform for storing and processing data - results, a brain computer. huge is no longer suitable to use the word "money" anymore, the reason some people recommend should be called "non-centralized application software" instead of virtual currency. In fact, however, the applications are not much use. Bitcoin can be used only for small payments online, and is rarely used in real life, while codecs are less reliable. The attention given to this field is for the products it can become, rather than the true nature of it.

We're know any bank accounts could to be freezed on any government's demand. Believed that it couldn't to be width a bitcoin account
but I think I was find a loophole. Yes, it's impossible on a desision of the one man or organization (state is the organization too in the narrow sence)
but if it's will be approved by 51% ore more hashrate's owners it's will be another matter altogether.

For the bitcoin address's freezing will be enough to deside do not include any transactions width defined outgoing bitcoin address in the next generated block
regardless the transaction fee size and do not includes in the blockchain any blocks width this "bad" transactions created by another miners.
If the 51% miners are join to this agreement other 49% will be forced to do the same (otherwise, they'll never see the block creation reward).

If your bitcoins are on the address width this the sad fate you could only to seek the largest mining farm's owners and to implore they for mercy. Now
on my opinion it's possible because:
1. The most miners by nimber of hashrate are exists in the one country (China).
2. As I know, this is smaller than 10..15 people.
3. They're all consumes enormous amount of energy which enables to find they by a government.

I think it's still doesn't happend only because precedent like this are bring down the market and destroy the multimillon their investments
in the mining equipment.