Should miners collude to steal funds from wallet confiscated by US government?

americanpegasus

hero member

Activity: 770

Merit: 504

Quote from: Zangelbert Bingledack on October 07, 2013, 12:17:14 AM

People who voted "Yes," think about this a little more. If the Bitcoin community was going to pull such a stunt, it would have to save it for a cataclysmic situation. If the feds somehow seized half of all bitcoins in existence, then it might be time to have a careful debate about this...and probably still not do it. But for this little bit of money?

It would destroy Bitcoin's reputation as impartial, unimpeachable, immutable money. Not only would it turn governments against us, it would also show people that money they receive could be taken from them if they lose in the court of public opinion. It would be like a giant billboard saying BITCOIN: YOUR MONEY AT THE WHIMS OF THE MASSES.

And some people say there's a clean line we can draw in the case of the feds. How about legitimately seized bitcoins, from real criminals? How about those of the big banks? How about large companies like Apple and Walmart, that have close ties with the government just by virtue of their size? How about pirateat40's stash? Why not anyone with a Scammer tag on bitcointalk? Heck, why not annul the bitcoins of all taxpayers, since they feed the government by not resisting?

This is the most dangerous idea to come about in a long time. Please, please, please think this through.

Truly, a mind ahead of his time.

MAbtc

hero member

Activity: 826

Merit: 508

Quote from: Dalkore on October 15, 2013, 04:38:57 PM

Quote from: Astro on October 06, 2013, 11:35:25 PM

This is likely the worst idea I've ever seen on these forums, and this place is full of bad ideas.

Ditto. Bad precedent.

Yep, no good can come from it really. Bitcoin is enough of a political statement on its own. No need to go pissing on the US government -- we know what happens when people do that...

User705

legendary

Activity: 896

Merit: 1006

First 100% Liquid Stablecoin Backed by Gold

Quote from: Birdy on October 17, 2013, 11:39:16 AM

Quote from: cypherdoc on October 17, 2013, 11:34:58 AM

Quote from: gmaxwell on October 17, 2013, 11:31:40 AM

Quote from: cypherdoc on October 17, 2013, 11:29:03 AM

2. tell them "we need to steal all these coins NOW".
3. get them to agree.
4. make sure you have 51% of all miners.
5. attack.

LOL. I _fully_ welcome half the hashpower to go try this. I'd love to have twice the mining income again.

Here is a hint: This won't work. You cannot do this with "51%" of the mining hashpower, nor 90% or whatever. There is no amount of hashpower which is sufficient to accomplish the proposed steps.

it won't work? darn...

No, you would actually have to convince the Bitcoin users to switch to a Bitcoin version not accepting those coins. If you manage to convince nearly all of them, it would work and screw up all that didn't follow. If you only manage to convince a lot (e.g. 60%) it would create chaos.

You still wouldn't actually steal them.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: Birdy on October 17, 2013, 11:39:16 AM

Quote from: cypherdoc on October 17, 2013, 11:34:58 AM

Quote from: gmaxwell on October 17, 2013, 11:31:40 AM

Quote from: cypherdoc on October 17, 2013, 11:29:03 AM

2. tell them "we need to steal all these coins NOW".
3. get them to agree.
4. make sure you have 51% of all miners.
5. attack.

LOL. I _fully_ welcome half the hashpower to go try this. I'd love to have twice the mining income again.

Here is a hint: This won't work. You cannot do this with "51%" of the mining hashpower, nor 90% or whatever. There is no amount of hashpower which is sufficient to accomplish the proposed steps.

it won't work? darn...

No, you would actually have to convince the Bitcoin users to switch to a Bitcoin version not accepting those coins. If you manage to convince nearly all of them, it would work and screw up all that didn't follow. If you only manage to convince a lot (e.g. 60%) it would create chaos.

Birdy

sr. member

Activity: 364

Merit: 250

Quote from: cypherdoc on October 17, 2013, 11:34:58 AM

Quote from: gmaxwell on October 17, 2013, 11:31:40 AM

Quote from: cypherdoc on October 17, 2013, 11:29:03 AM

2. tell them "we need to steal all these coins NOW".
3. get them to agree.
4. make sure you have 51% of all miners.
5. attack.

LOL. I _fully_ welcome half the hashpower to go try this. I'd love to have twice the mining income again.

Here is a hint: This won't work. You cannot do this with "51%" of the mining hashpower, nor 90% or whatever. There is no amount of hashpower which is sufficient to accomplish the proposed steps.

it won't work? darn...

No, you would actually have to convince the Bitcoin users to switch to a Bitcoin version not accepting those coins. If you manage to convince nearly all of them, it would work and screw up all that didn't follow. If you only manage to convince a lot (e.g. 60%) it would create chaos.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: gmaxwell on October 17, 2013, 11:31:40 AM

Quote from: cypherdoc on October 17, 2013, 11:29:03 AM

2. tell them "we need to steal all these coins NOW".
3. get them to agree.
4. make sure you have 51% of all miners.
5. attack.

LOL. I _fully_ welcome half the hashpower to go try this. I'd love to have twice the mining income again.

Here is a hint: This won't work. You cannot do this with "51%" of the mining hashpower, nor 90% or whatever. There is no amount of hashpower which is sufficient to accomplish the proposed steps.

it won't work? darn...

gmaxwell

staff

Activity: 4284

Merit: 8808

Quote from: cypherdoc on October 17, 2013, 11:29:03 AM

2. tell them "we need to steal all these coins NOW".
3. get them to agree.
4. make sure you have 51% of all miners.
5. attack.

LOL. I _fully_ welcome half the hashpower to go try this. I'd love to have twice the mining income again.

Here is a hint: This won't work. You cannot do this with "51%" of the mining hashpower, nor 90% or whatever. There is no amount of hashpower which is sufficient to accomplish the proposed steps.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: ?? on ??

I still want to hear the steps required to accomplish such a feat.

ok. since you need it spelled out in detail for you:

1. go around and talk to everybody.
2. tell them "we need to steal all these coins NOW".
3. get them to agree.
4. make sure you have 51% of all miners.
5. attack.
6. Mission Accomplished.

Rassah

legendary

Activity: 1680

Merit: 1035

Quote from: b!z on October 17, 2013, 09:35:20 AM

Quote from: murraypaul on October 16, 2013, 06:54:10 PM

Which has to be one of the funniest quotes for a while.
Such a great guy... except for hiring hitmen.

..and selling illegal goods

arbitrarily illegal goods, and not illegal everywhere they were being sold to. USA is not the entire planet.

b!z

legendary

Activity: 1582

Merit: 1010

Quote from: murraypaul on October 16, 2013, 06:54:10 PM

Which has to be one of the funniest quotes for a while.
Such a great guy... except for hiring hitmen.

..and selling illegal goods

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: ?? on ??

I still want to hear the steps required to accomplish such a feat.

Stop being so freakin logical.

darkmule

legendary

Activity: 1176

Merit: 1005

Quote from: leopard2 on October 16, 2013, 06:47:16 PM

Quote from: darkmule on October 16, 2013, 05:44:03 PM

Quote from: leopard2 on October 16, 2013, 05:38:04 PM

Almost everything governments do, would be illegal for ordinary people. What sets governments apart from other criminal orgs, is that they are the largest and most powerful. At the end of the day, SR was not breaking the laws of physics but the arbitrary laws set forth by the USG mafia.

Yeah, damn dat eeeebil gummint for prohibiting hiring people to murder your drug rivals.

Bullshit, I wrote

Quote from: leopard2 on October 16, 2013, 05:38:04 PM

FBI is working against consumers, SR was working for them (except for the hitman stuff).

Silk Road was DPR, you ninny.

murraypaul

sr. member

Activity: 476

Merit: 250

Which has to be one of the funniest quotes for a while.
Such a great guy... except for hiring hitmen.

leopard2

legendary

Activity: 1372

Merit: 1014

Quote from: darkmule on October 16, 2013, 05:44:03 PM

Quote from: leopard2 on October 16, 2013, 05:38:04 PM

Almost everything governments do, would be illegal for ordinary people. What sets governments apart from other criminal orgs, is that they are the largest and most powerful. At the end of the day, SR was not breaking the laws of physics but the arbitrary laws set forth by the USG mafia.

Yeah, damn dat eeeebil gummint for prohibiting hiring people to murder your drug rivals.

Bullshit, I wrote

Quote from: leopard2 on October 16, 2013, 05:38:04 PM

FBI is working against consumers, SR was working for them (except for the hitman stuff).

darkmule

legendary

Activity: 1176

Merit: 1005

Quote from: leopard2 on October 16, 2013, 05:38:04 PM

Almost everything governments do, would be illegal for ordinary people. What sets governments apart from other criminal orgs, is that they are the largest and most powerful. At the end of the day, SR was not breaking the laws of physics but the arbitrary laws set forth by the USG mafia.

Yeah, damn dat eeeebil gummint for prohibiting hiring people to murder your drug rivals.

leopard2

legendary

Activity: 1372

Merit: 1014

Quote from: tonychau77 on October 12, 2013, 09:54:31 PM

The government stole the user's fund. Stealing the funds will be very hard but not impossible. How ever the government stealing things is legal where ordinary people doing it is illegal.

Almost everything governments do, would be illegal for ordinary people. What sets governments apart from other criminal orgs, is that they are the largest and most powerful. At the end of the day, SR was not breaking the laws of physics but the arbitrary laws set forth by the USG mafia. SR was only meeting a consumer demand, they were the good guys. FBI is working against consumers, SR was working for them (except for the hitman stuff). As long as drug addicts only hurt themselves it is no ones business (except maybe DMV or health insurers), but of course those paid by USG will disagree Wink

.

Wilikon

legendary

Activity: 1176

Merit: 1001

minds.com/Wilikon

What a Moronic Stupid Idea.

the sad thing is withing the next 140 years people like the OP will be the ones destroying bitcoin. If 51% of fools like him/her takes over it is done.

fran2k

hero member

Activity: 784

Merit: 500