If there is a stolen money, then this is either a developer fraud, or a bad defense against hacker attacks.
That's why I voted for making Mooncoin more secure over and over again. But Mooncoin Foundation and some others blocked that - for example my suggestion of making MOON a PoS/PoW-hybrid coin or implementing another - more complex algo or technology - making it a little harder to attack Mooncoin, instead of spending development-power on MoonWord, SmartLikes and other relatively uninteresting things. If these really were interesting for the cryptoworld, the price would be much, much higher already - because as an investor you know an important rule: buy the rumor, sell the fact. Now we have the mess by setting wrong priorities.
I repeat it once again:
If the basics of a coin don't work, then the rest is pointless.@agswinner: I have been absent for a longer time for good reason. Part of it was to see, whether what I thought and warned you of, will come true. And it came true. Mooncoin was attacked and again some of the Mooncoin-people now are trying to draw the wrong conclusions (i.e "burning" coins).
As for the government trying to overtake: I did not mean a government like that of the U.S., but the government of the some here always trying to sell some peoples opinions as the truth and the "decision of the community".
Maybe you have not read the excerpt in full or did not understand it completely: the most important conclusion from that excerpt is, to not censor coins, because it undermines trust in a currency. As sad as it is, that these coins eventually will come to the market again and that previous owners don't want to buy their own coins again, when they are correctly handed to the authorities, as good it is to show the cryptoworld, that Mooncoin has corrected the mistake it made.
There were others here before, who described this as a big problem. But they were ignored.
And now everyone complains about Mooncoin "not taking off" and cries for "burning the coins" to make it go to the moon. Again a wrong path, which will make it even worse.
Btw: there are many others, that may not even post here, but are also part of "the community".
edit:
Here the link to the mentioned excerpt again:
https://en.bitcoin.it/wiki/Weaknesses#Attacker_has_a_lot_of_computing_power...and the text from there:
"Prevent any transactions spending "stolen" coins, effectively destroying those coins. If the coins clearly are stolen, then there is a risk that this action will be accepted by the Bitcoin community, but this would set a very damaging precedent. If it becomes possible for coins to be blacklisted in this way, then it is a slippery slope toward blacklisting of other "suspicious" coins."