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Topic: What will happen to blacklisted coins? (Read 3598 times)

hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
donator
Activity: 1617
Merit: 1012
October 02, 2015, 01:55:33 PM
#71
If I am not mistaken, there might be a way to cleanse blacklisted coins with the collusion of a relatively large miner provided that you can transmit the transaction to nobody else but the miner. Basically you broadcast a transaction with tainted inputs with a larger than normal fee to the miner. The miner does not rebroadcast the transaction, but attempts to include it into a block. After the miner successfully includes the transaction into a block, he keeps a small portion of the fee for himself and surreptitiously sends the rest back to you. Since the fee portion is no longer tainted, what he sends back to you are clean coins. The remaining, still-tainted, coins go to addresses that you control. You then rinse and repeat the processes until the tainted coins have been spent as miner fees.

Can this work?
sr. member
Activity: 299
Merit: 250
October 02, 2015, 01:32:19 PM
#70
blacklist coin may be removed or not used anymore   Sad

I will buy your blacklisted coins for 50% of the spot rate.

Exactly. No one would want such coins.

I want them. And I'll pay 60% if we are bidding here. Tongue
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
October 02, 2015, 01:10:43 PM
#69
It Will not be blacklisted cause its BLOCKCHAIN .. It will not work , if one is blacklisted
So? It does not matter if that is blockchain or not. If you think bitcoin could be mass adopted without regulations and changes you are deceiving yourself. Government intervention in the bitcoin industry is simply inevitable. It is only matter of time, when government will start to think seriously about bitcoin your opinion will mean nothing to them.

Their opinion means nothing to Bitcoin
legendary
Activity: 1596
Merit: 1005
★Nitrogensports.eu★
October 02, 2015, 01:04:34 PM
#68
It Will not be blacklisted cause its BLOCKCHAIN .. It will not work , if one is blacklisted
So? It does not matter if that is blockchain or not. If you think bitcoin could be mass adopted without regulations and changes you are deceiving yourself. Government intervention in the bitcoin industry is simply inevitable. It is only matter of time, when government will start to think seriously about bitcoin your opinion will mean nothing to them.
newbie
Activity: 19
Merit: 0
October 02, 2015, 12:57:34 PM
#67
It Will not be blacklisted cause its BLOCKCHAIN .. It will not work , if one is blacklisted
sr. member
Activity: 378
Merit: 250
October 02, 2015, 12:51:26 PM
#66
Some people do not follow the politics of the bitcoin community so a shady seller can sell his coins sooner or later.
legendary
Activity: 2926
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
October 02, 2015, 12:50:10 PM
#65
coins that have been blacklisted certainly is not going to be used
only a matter of time until the coin is in the clear
Yes, that is the obvious thing for all the seized things. People may confuse when it come with digital things. Digital goods are not exempted to use after a seize by government. The black listed coins also will be sold to public, then it will become white listed if you may prefer to name it.
member
Activity: 98
Merit: 10
October 02, 2015, 11:44:16 AM
#64
coins that have been blacklisted certainly is not going to be used
only a matter of time until the coin is in the clear
legendary
Activity: 2296
Merit: 1014
October 02, 2015, 10:16:37 AM
#63
blacklist ?
not in the Bitcoin Network ...
Agree, if blacklisting will take place, it will be the end of bitcoin as we know it.
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
October 02, 2015, 10:11:36 AM
#62
I don't see how coins could ever be irrevocably blacklisted unless Bitcoin itself was hijacked in which case it doesn't matter any more because it would be worthless.

There's no shortage of voluntary blacklisting going on right now. That's easily sidestepped with a few nifty moves.

The amount of Bitcoin users is still low enough and committed enough to make a real difference by voting with their feet and shunning those who blacklist. In most cases though it's not the blacklisters who want to be doing this, it's The Man breathing down their neck.

But there might be a way to check coins against a list of scammed coins. What would you do when you receive coins? Checking them? Or don't care and risking that you have problems with these coins?

In fact this can be done very easily and it only needs some who fear getting such coins to become a problem.
legendary
Activity: 2590
Merit: 3014
Welt Am Draht
September 30, 2015, 02:10:07 PM
#61
I don't see how coins could ever be irrevocably blacklisted unless Bitcoin itself was hijacked in which case it doesn't matter any more because it would be worthless.

There's no shortage of voluntary blacklisting going on right now. That's easily sidestepped with a few nifty moves.

The amount of Bitcoin users is still low enough and committed enough to make a real difference by voting with their feet and shunning those who blacklist. In most cases though it's not the blacklisters who want to be doing this, it's The Man breathing down their neck.
hero member
Activity: 1134
Merit: 515
September 30, 2015, 11:38:38 AM
#60
It would be better if they deleted wallet files of those black listed coins. Because burning the bitcoins is the most welcome thing among bitcoin community.
So, burn it. USually they sell them in auction. People start using it as usual.
legendary
Activity: 2730
Merit: 1288
September 28, 2015, 02:42:30 PM
#59
Are those guys aware that every coin in the world most likely has gone true silkroad just like every 50 dolla bill is used to sniff cocaine or to trow at a hooker? How is it even possible that bitcoin XT is launched?
I am really losing faith in bitcoin. If it becomes centralized it isnt worth more then citybankcoin.

Those who will not like it will not use Bitcoin, there is and always will be many other payment systems.
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
September 28, 2015, 06:46:22 AM
#58
blacklist coin may be removed or not used anymore   Sad

I will buy your blacklisted coins for 50% of the spot rate.

Exactly. No one would want such coins. Even when it is only the hassle of losing privacy. We then would have bitcoins that have a normal value and those with a lower value.

And this would mean losing trust in bitcoin since no one wants to receive undervalued coins. The alternative would be to use services that check coins. But if that would be a good solution for privacy?
legendary
Activity: 2506
Merit: 1030
Twitter @realmicroguy
September 26, 2015, 10:55:14 PM
#57
I agree it would require centralization, and I don't think they will go through the pain of putting it to work.

It is doubtful that they work hard to impose an unpopular measure like that.

I'm pretty sure Bitpay has already begun the practice of blacklisting.
hero member
Activity: 770
Merit: 500
✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪
September 26, 2015, 09:01:32 PM
#56
I agree it would require centralization, and I don't think they will go through the pain of putting it to work.

It is doubtful that they work hard to impose an unpopular measure like that.
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
September 26, 2015, 09:23:28 AM
#55
Blacklisted coins isn't the way to go. Blacklisting coins requires a central authority to list the blacklisted coins and they would not be accepted. This would cause a huge issues with the already limited supply of Bitcoin, if a large hack happens, all of those coins would be blacklisted. By blacklisting them, you are implying that the owner is a criminal which can be untrue if the scammer exchanges it to fiat by using an exchange or mixer. It's just like banknotes, there are traces of cocaine everywhere even if the owner doesn't take drugs.
donator
Activity: 1617
Merit: 1012
September 26, 2015, 08:45:21 AM
#54
blacklist coin may be removed or not used anymore   Sad

I will buy your blacklisted coins for 50% of the spot rate.
member
Activity: 98
Merit: 10
September 26, 2015, 08:23:20 AM
#53
blacklist coin may be removed or not used anymore   Sad
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