Topic: Should core bitcoin developers freeze stolen Mt.Gox bitcoins? - page 6. (Read 6159 times)

One answer could be vote.

Why should the developers develop?  Answer:  Because they love the concept of Bitcoin, want Bitcoin to grow, and enjoy the respect of their peers.  (And for my question only, they love coding).

It does not give control to the developers.  The control is in the hands of the miners.  It was and always will be.  (If you exclude the thief hackers.    )

Thank you for your concern, but this isn't about me.

No.

If it was even possible (it isn't: you'll never get all miners to comply, it only takes one dissenter to push a transaction through), freezing funds would destroy everything that Bitcoin stands for.

And so would any dev (or bitcoin foundation) acting as 'government'. They cannot make decisions like this. Even if users went along instead of laughing in their face, that would be politically very dangerous and radiate that they are in control of the network (and thus be open to other demands and threats and bribes...).

Cryptocurrencies need to be fungible to be useful. Progress should be toward making them more fungible, not less.

I'm very sorry for MtGox victims, but we cannot abandon our principles every time that disaster strikes.

So they implement that.  Criminals start to only steal 0.99% as they know they can get away with that.  So it now changes or we just accept it? 

It's OK when the developers provide help/tools to track the blockchain. It's not OK to change the protocol.

I wholeheartedly agree with this post and while its painful as hell to say it yes I played a large part in the loss of my coins and I do not expect someone else to fix my mistake.

I do however expect law enforcement to at least pretend they give a shit since I pay my taxs. If the stock market got robbed they would be crawling all over the place well my little exchange just got robbed for 0.5 bil ow.. what was that?... ah I see btc are not real sorry to bother you police officer I'll let you get back to catching people braking the speed limit on this deserted road.

Until there is fear of punishment these exchanges can just rake in the cash until something goes wrong then stroll off into the sunset.

no, but they can help with getting justice, preventing this from happening again, and tracking the funds.

No, why should the developers have an obligation to the people who make mistakes and lose their money on their own terms. Not to mention, it completely breaks the system by giving control to the devs as to the wealth of everyone else and would all-in-all result in the death of Bitcoin. I'm sorry if you lost anything, but that's life; you cannot expect someone else to fix your own mistakes.

Let's pick a line that is somewhat arbitrary but be guided by praticality.  So for arguments sake let's start at 1% of existing bitcoins.

Why no?

That's one of the big misconceptions I hear over and over again on this board, that bitcoin means no regulation.  Regulation and decentralization are two different concepts.  Bitcoin's strength is its decentralization, not its lawlessness.

Where is it stated that the model of bitcoin is no regulation?  Should not the model include agreement of its users?  A currency is only as strong as the trust in it's controllers (miners in this case) (and its utilitarian characteristics).  No regulation doesn't mean letting potentially convicted felons spend the money they stole, does it?

Law is one of the foundations of civilization.  If bitcoin is anarchy then I'll pass.  If bitcoin is anarchy then another more lawful coin will overtake it because the anarchists are in the minority.  (Not that minorities are wrong and that they can't have their own coin; I just didn't know that bitcoin was that coin.)

Freezing is not the same as blacklisting.  Why not let the community vote?  The developers and miners will release a statement that they will freeze the stolen bitcoins.  If the value drops then they will decide against that action.  If it rises they will continue.

Post a link or two of the better threads on this subject.  Thanks.

No!
Thread no.47 on this subject gets the same answer as the others: blacklisting bitcoins will destroy the value of the currency.

That would be against the model of bitcoin..! one of its key feature that is no regulation and decentralized currency, how they will justify their actions?

I lost 95% of my wealth in this goxxing and I still say NO

at least I got my health still tho right ..sniff

I will say fuck Blackhats and fuck mark and if bitcoins going to reach mass adoption its going to require something to stop low tec users from living in fear and getting screw every time they even think about the internet. That or it will be a bloody road we go down. Hey just look back at the road already...yea plenty of bitcoiners dead along the wayside.

No, the idea of the dev team becoming the police of bitcoin is awful.  If they were to do it in this instance, where would they draw the line?

Before I write a full argument for why the core developers should consider asking the mining community to freeze Mt. Gox’s stolen BTC (the coins mentioned here, for example, http://www.coindesk.com/gox-money-moving-through-block-chain/ ), I would like to ask your opinion.  What is it?  Yes, you.