Topic: [PROPOSAL] - lock the apparent Mt. Gox coins for now (Read 4954 times)

A committee? pfft. All that hassle of having to get more than one person to agree, the pesky distinction between majority and consensus? pit pat piffy wing wong wang just make it one person with sole control over whether or not to allow any transaction they feel like. So long as they are trustworthy, I'm sure it will all work out for the best for everyone.

To my knowledge there was a case of a mining pool operator who was robbed. The victim alarmed the community quickly (this is what a victim normally does when robbed) and the community could react also quickly and some portion of the stolen coins were retrieved.

Unfortunately for the goxed and fortunately for the ''thieves'', Mark Karpeles had allowed about a month before announcing that ''theft'' happened. He didn't even tell to which addresses the ''stolen'' coins were sent. MtGox is under civil rehabilitation, meaning Karpeles will probably never reveal to which addresses the ''stolen'' coins were withdrawn.



Only some portion of the ''stolen'' coins are in static addresses now. Majority was simply divided by four, divided by four, divided by four*, then sent to an exchange, sold and or bought back. Most reasonable here is to look for the so called theives' names in exchanges' records - only in case you are absolutely 100% sure (you can't be 100% sure because Karpeles - unlike the robbed ones in the past - did not tell to which addresses the ''stolen'' coins were sent).



If what happened was a real theft TBF might do something. Nothing so far (Karapeles' bahaviour and other stuff) indicates this was a theft.


*EDIT: now they are being divided by 8, 18, etc.: https://blockchain.info/address/12WFth5HabiVrcj5waHtDP1b7gXSQPuDPz still not sure if these are the ''disappeared'' / ''unaccounted for'' / ''stolen'' coins.

The thing is that even if "apparent" gox addresses are locked, never mind the collateral damage of locked coins on non-gox addresses of innocent bitcoin holders, this would not return any funds to people who had their coins lost on gox.

It is purely an act of revenge. So the the forked Bitcoin is best called RevengeCoin.

The end result is the same. The coins/money have disappeared, you won't be getting them back.



Go for it, Bitcoin is free (as in speech).

But remember; others are also free to use your new fork or not. This is where your greatest challenge exists.

Best not to call the new forked coin Bitcoin, as it will cause confusion. Maybe 'untrustworthyCoin', 'bailoutCoin' or even 'CannotTrustCoinAsMaybeFrozenAtSomeFuturePointInTimeCoin'?

So the ripoff of Gox is comparable to a Nigerian Craigslist scam?

One is the friggin' Battleship of fraud, the other is a one man dingy.

+1 id run it!

Why don't we stop talking about it and release a new bitcoin-qt and miner that invalidates transactions from their wallets?

Yeah. I know, I was thinking of similar events like someone giving money to Nigerian email scammers and complaining afterwards, but you sum up the situation perfectly.

God give me strength. I'm beginning to lose the will to live.

So glad to see that this idea is being taken seriously 

This raises an interesting point though. My original proposal was only to lock coins presently belonging to Mt. Gox. I don't think it would be wise to lock coins belonging to others which might have been derived from stolen Mt. Gox coins, as this does become an even harder problem from an evidence point of view. Also, those others are not presently under legal action concerning the missing coins, whereas Mt. Gox is.

Clearly the evidentiary standards would need to be seriously considered.

You raise a good point though that this really is up to the miners. Sounds like the lock would be technically feasible, actually, not that hard.


Here's an example of a user that might benefit from this. With the Gox coins locked, at least they wouldn't be stolen or leaked to someone else until after the court proceedings.

We should urgently the lock the full blockchain for a few years, until a self appointed team decides which ones to unlock!

10 of those "Gox coins" are mine!   How about we lock them where they belong, back on my paper wallet.  I deposited them after the withdrawal stoppage, so I know damn well they have not left Gox's pocket!

Thief!

why is it that the most ridiculous threads get the most action...people must love to argue

I highly doubt any pool is going to go out into the yard and kill the goose that lays the golden eggs just because some random internet user tells them that the goose will taste good for dinner.

If they do, they deserve to eat the meal that they cook.

It would be ridiculously funny if he pulled it off. I'm relatively certain that Eligius would never go for it, but I'm not so sure about ghash.io, and nobody seems to know shit about Discus Fish. All the other pools would get one hell of a boost!

Shhhhh.  You'll ruin my fun.

 


You'd think so, but when computing "taint" I intend to consider mining fees that are included in the coinbase transaction.  If any of those mining fees are "tainted", then the resulting coinbase is "tainted" proportionally.

 

That's just the kind of guy I am.  If we're going to do this, then we need to get serious about it.

I think you got that backwards...

@Danny, I think I would survive your schema unscathed. Almost all of my coins from beginning to end have been generated at Eliigius, BTCguild or Bitparking

I suspect you might be surprised.

I know.  But I'm bored, and this concept is so dumb it's entertaining me.  It's a bit like watching The Three Stooges.

The OP has created a fantasy in his mind from the land of unicorns and leprechauns, and is acting like it has real bearing in the real world.

I like a good fantasy story once in a while.

I'm true to my word though...  If I'm wrong and the OP can actually find support from major mining pools, I'll get it coded for him.

I'll be happy to be rid of the mining pool when they fork the blockchain.  I have no desire for any such miners or pools in the real bitcoin.

Wow Danny, calm down.  You're being baited.