Should miners collude to steal funds from wallet confiscated by US government? - page 8.

kik1977

hero member

Activity: 593

Merit: 505

Wherever I may roam

Quote from: hendo420 on October 07, 2013, 09:41:41 AM

Cant we just make it unspendable?

Like making any transaction from that address not confirm.

Just completely take those Bitcoins out of circulation. This stops LEO from using that bitcoin in sting operations.

Why???

seafarer124

sr. member

Activity: 302

Merit: 250

Nice thought, but NO.

I would rather see them squirm using legitimate means and beat them that way. No monkey business.

Who was it that said "Don't annoy your enemies while they are making a mistake"?

jeffhuys

sr. member

Activity: 252

Merit: 250

What? Ofcourse not! If that'd be possible, mining would become lucrative for stealing money, not making it.
Use your damn heads!

Buffer Overflow

legendary

Activity: 1652

Merit: 1016

Quote from: hendo420 on October 07, 2013, 09:41:41 AM

Cant we just make it unspendable?

Like making any transaction from that address not confirm.

Just completely take those Bitcoins out of circulation. This stops LEO from using that bitcoin in sting operations.

Problem is where does it all end? Next week it will be some other coins.

Zooey

sr. member

Activity: 241

Merit: 250

Time you enjoy wasting is not wasted time.

How about just letting this one go? (Word to parents; be sure not to send your kids off into the world minus the handy lifelesson on selectively choosing your fights).

hendo420

sr. member

Activity: 420

Merit: 250

Cant we just make it unspendable?

Like making any transaction from that address not confirm.

Just completely take those Bitcoins out of circulation. This stops LEO from using that bitcoin in sting operations.

tysat

legendary

Activity: 966

Merit: 1004

Keep it real

Quote from: wolverine.ks on October 06, 2013, 11:19:40 PM

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

are the any other situations where this is encouraged?

This is probably one of the dumbest ideas I've read on the forums. All this would do is cause the US government to turn against the bitcoin community.

DPoS

sr. member

Activity: 462

Merit: 250

Quote from: jubalix on October 07, 2013, 08:41:44 AM

this sorta says we need a CC where this can not even be a possibility...if that's possible, implication, BTC current system is not the model yet that will win the race. A PPC version over time maybe a lot harder to hack as the coins will be far more distributed than mining.

using PPC would be safest since not even the Feds would bother seizing that crap

jubalix

legendary

Activity: 2632

Merit: 1023

this sorta says we need a CC where this can not even be a possibility...if that's possible, implication, BTC current system is not the model yet that will win the race. A PPC version over time maybe a lot harder to hack as the coins will be far more distributed than mining.

Mooshire

sr. member

Activity: 322

Merit: 250

Quote from: milone on October 06, 2013, 11:51:57 PM

Let's say this happens. Bigger than the SR story would be the story that "a few million dollars has been stolen from the government."

Do you think that would help or hurt Bitcoin?

Do you think the average person is going to feel safe buying Bitcoins when not even the FBI could keep their Bitcoins safe?

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.

Agreed.

Came here to say this.

j68r

member

Activity: 94

Merit: 10

Quote from: bernard75 on October 07, 2013, 08:33:39 AM

Quote from: kelsey on October 07, 2013, 08:24:12 AM

this thread so much dumb Roll Eyes

this pretty more sums it up

The irony is delicious.

bernard75

legendary

Activity: 1316

Merit: 1003

Quote from: kelsey on October 07, 2013, 08:24:12 AM

this thread so much dumb Roll Eyes

this pretty more sums it up

j68r

member

Activity: 94

Merit: 10

Quote from: ?? on ??

Stealing from the most powerful and most criminal entity on the planet.

yeah, that's the ticket, NOT.

~BCX~

How about taking back what was stolen by the most powerful, most criminal entity on the planet?

OK it's a very bad idea taking that btc back, but make no mistake the FBI has stolen that btc, it isn't silk roads or DPR's btc, it isn't "illegal" btc, it isn't even US btc in many cases, it's simply the btc held in user accounts on that server and the FBI need to show it has been either used or obtained illegally. They're at least as bad as those they claim to be taking down in many cases, the rule of law must apply equally, not only apply as they alone see fit, to the victims of their theft.

CrazyRabbi

hero member

Activity: 490

Merit: 500

UNDER NEW MANAGEMENT

Quote from: kelsey on October 07, 2013, 08:24:12 AM

this thread so much dumb Roll Eyes

Look who the OP is...

No wonder... Cheesy

kelsey

legendary

Activity: 1876

Merit: 1000

this thread so much dumb Roll Eyes

darkmule

legendary

Activity: 1176

Merit: 1005

Quote from: b!z on October 07, 2013, 08:05:15 AM

A better question to ask would be: is this even possible?

In theory, yes, for reasons explained previously in the thread. I.e. over half the network rejecting the transaction, and/or hard forking back to before it happened. In practice, it would be a ridiculous act and 51% of the network just isn't going to do that.

b!z

legendary

Activity: 1582

Merit: 1010

A better question to ask would be: is this even possible?

Zeek_W

sr. member

Activity: 336

Merit: 250

Quote from: Zangelbert Bingledack on October 07, 2013, 05:36:56 AM

They don't seem to have DPR's probably-gigantic cold wallet, and if he hid it well enough they never will.

Our generations version of the Mystery of D.B. Cooper's hidden stash Cool

Buffer Overflow

legendary

Activity: 1652

Merit: 1016

Quote from: darkmule on October 07, 2013, 05:46:22 AM

Quote from: Zangelbert Bingledack on October 07, 2013, 05:36:56 AM

By the way, the feds did set up their own bitcoin address and moved the SR funds into there. They were apparently able to do that because they imaged the server and the coins were in hot wallet. They don't seem to have DPR's probably-gigantic cold wallet, and if he hid it well enough they never will.

Guess it depends on how eager DPR is to cut a deal. Holding onto the proceeds of an illegal criminal enterprise, if they can prove it (which I don't know if they can) is the kind of thing that moves your sentence toward the maximum end of the sentencing range. Considering that's life without parole in this case, he might have some incentive to deal.

Just think, when he's inside all the other convicts will know he has a secret stash worth millions.

Oh, dear. Cheesy

darkmule

legendary

Activity: 1176

Merit: 1005

Quote from: Zangelbert Bingledack on October 07, 2013, 05:36:56 AM

By the way, the feds did set up their own bitcoin address and moved the SR funds into there. They were apparently able to do that because they imaged the server and the coins were in hot wallet. They don't seem to have DPR's probably-gigantic cold wallet, and if he hid it well enough they never will.

Guess it depends on how eager DPR is to cut a deal. Holding onto the proceeds of an illegal criminal enterprise, if they can prove it (which I don't know if they can) is the kind of thing that moves your sentence toward the maximum end of the sentencing range. Considering that's life without parole in this case, he might have some incentive to deal.

Topic: Should miners collude to steal funds from wallet confiscated by US government? - page 8. (Read 12932 times)