Topic: What's to be done when a huge quantity of bitcoins is stolen?(+1% of world btc) - page 2. (Read 2923 times)

Just realized you get paid for every post that's not obvious bullcrap. Primedice should have you off the payroll though, because that post doesn't make any sense at all..

What thread do you think this is, turvarya? Because clearly we're not reading and writing in the same.

Who compares himself to Ghandi? Guru? 

And why so many insulting degrading words of other bitcoiners? Nobody here have used foul words or personal insults, until now. Maybe someone had a bad nights sleep? Or already got their sore feet stomped somewhere else?



Or perhaps you're a troll because this thread just got ready for dustbin.



/Guru

Reading in threads like that just makes it clearer for me:
There are no good guys. There is no authority you should trust in, especially not people in this Forum.
We have a lot of egomanic-cowards here, which compare themselves to Ghandi(Ghandi didn't hide from the government), but in reality just want to increase there own wealth and don't care about anybody else.
We have people here, who calls themselves anarchists, but want there own set of rules, rules that benefits them. That's not anarchism.
We have people here, who spread the same bullshit arguments over and over again, using the same words, but don't really answer you, when you challenge them: See here: A simple question that was never answered
Those people using the same methods politics and media uses: Repeat something often enough and people will start believing it.

Please people, think for yourself. Bitcoin is a good thing, but that doesn't mean that everybody who associates himself with it, is a good person.

Because we all know the Feds are actually gonna pay the IRS some hefty capital gains taxes on all that property they confiscated, right.  

I'll upload it to thepiratebay.org so everyone can use its awesomeness don't worry 

when you get done using that crystal ball, i'd like to borrow it. thx.

That does in fact say nothing. Governments will outlaw bitcoin and try a 51% attack.

its more likely that government will outlaw bitcoin or try a 51% attack than it is for bitcoin to adopt blacklisting.

If you think it is needed, fork the client, and fork the blockchain.  Then see how many people agree.  It will be a perfect test of the theory. No one is stopping you, the code is on github, the blockchain is everywhere, and then you can see how the consensus of the network is.  No one knows what the consensus will be until someone does it - then it may put an end to the repeated threads arguing for blacklisting.

At worst, fork the code, test it, and release the blacklisting code - then it can be used at any point in the future for whatever purpose requires blacklisting.

I'm pretty sure certain events could change that though. You're all being narrow minded here. Take no offense, please.



Theoretically this is perhaps hard(But far from impossible) to pull off atm, but: What if US government would get their hands on 20% of existing BTC? By stealing from exchanges / kidnapping holders and extorting their keys. They could then basically drop the price to 1$. They could very well call it a terrorist act to buy/sell/OWN bitcoins. Then they, BY LAW, can put you in a cage for the rest of your life. Not even 1% of americans own bitcoins so even putting you all in theese cages isn't even that hard.


Why would they do this?

To preserve the dollar / prevent monetary revolution

Be real folks. If you can imagine what Bitcoin can do for humans(and how rich you'll get along the way, which is what most people seem to focus on) please at least put 10% of that time imagining of what government/FED/Rothschild could do to prevent it from happening. A huge well-cordinated crackdown is not a paranoid fantasy. It's a possibility.

But ok, let's put our head in the sand and brush it off as crazy.. I mean, governments and the elite are good people right?  

"Could" is the operative word here.  Everyone COULD decide to make me king and
send me all your bitcoins, but it aint gonna happen. 

Heck, we can't even agree on whether to use bits, millies, zibs, satoshis, centoshis, etc.
We're never going to agree on blacklisting coins.

Good luck "enforcing" a general consensus.

lol

Blacklisting bitcoins stolen by a government is/could be done by consensus of the whole network, not centraul authority.

In the world according to Beliathon, stealing isn't a crime anyway, because there
shouldn't be any laws (anarchy), and no one can own any coins to begin with,
because private property is an invalid concept. 

As an anarchist I am 100% for blacklisting any nation-state government owned coins.

Starting with the wealth the FBI stole from all those innocent drug dealers on the Silk Road.

Nothing. That is either the good or bad thing about Bitcoin, depending who you ask.

What's the story with the Silk Road coins? Aren't those going to be dumped on the market soon by the feds?

I was all for Liberty dollars and kept up with the case until the whole thing kinda just faded into oblivion. When I first heard of bitcoin, I thought it was the reincarnation of the liberty dollars - same people and it really excited me to death. I see now, though, that bitcoin solves the liberty dollar problem. The government being allowed to print money...and that's the catch.

Money and currency are not the same thing.

It came down to a sort of surrealist nonsensical sort of "trademark infringement" at the end of the day. Government said it and only it is legally allowed to print "money" and liberty dollar couldn't call it money, couldn't call it a dollar, couldn't assign it any point value, so they got taken down for counterfeiting. They tried to get around it by going with silver/gold "rounds" or coins but by then I think the government just needed to make an example of them and scared people away from it. My personal take on it is that the government won that round due to the simple fact the people, no matter how much they believed in the concept as an alternative still had no ultimate security that they'd ever see any silver/gold, that it couldn't be confiscated from their own mints and it'd be a rip off.

Bitcoin solved that problem entirely, which is why it's gained more traction and the government trying to assign it as an asset or property over currency is just shooting themselves in the foot.

Here's the thing though. By the time the government recognize just how "disruptive" bitcoin will be to global currencies, it'll be too late. They're in a catch 22 zone right now...too small to be an immediate threat so they can't outright ban it without giving it legitimacy as a threat...so they can only fear monger to hopefully scare people away like they did with the liberty dollar. Once enough adoption has set in, not just in the US but globally, where legitimate businesses have changed their payment infrastructure and are doing business with it, the government can't outright ban it without causing chaos in the economy...so they'll either have to grin and bear it or implode.

I think he was talking about Liberty Dollars:

https://en.wikipedia.org/wiki/Liberty_Dollar

I don't think he was talking about Casascius coins since Mike is in Utah:
http://www.theverge.com/2013/12/13/5207256/casascius-maker-of-shiny-physical-bitcoins-shut-down-by-treasury

Mostly agree, but if you need someone to secure your wealth, free market options are and will be available.  It is up to the individual to decide, and whatever they decide they still must take responsibility for their choice.