Topic: would you accept stolen bitcoins? - page 2. (Read 4527 times)
Why not. Stolen money will go through your hands many times in your lifetime, without you knowing it.
For the most part, I would accept stolen funds in any currency. That said there is a big difference between me having to physically check if its stolen versus a customer being like 'man, i totally broke into this guys car the other day and he had all this cash lying around. what an idiot. so yea its $100 for the 4 rims right?' That's what got those Floridian localbitcoiners in trouble.
The concept of 'dirty money' is just a fallacy created to enable governments to improve their ability to track, find and arrest those who they deem as criminals. It's not always a bad thing, but its not something that needs to be forced on Bitcoin. There's already plenty of features and barriers to minimize the risk of theft. At some point though there has to be some personal accountability.
The concept of 'dirty money' is just a fallacy created to enable governments to improve their ability to track, find and arrest those who they deem as criminals. It's not always a bad thing, but its not something that needs to be forced on Bitcoin. There's already plenty of features and barriers to minimize the risk of theft. At some point though there has to be some personal accountability.
Banks all stole the money from us anyway, so anytime you use the ATM you're receiving stolen goods.
+1
Banks all stole the money from us anyway, so anytime you use the ATM you're receiving stolen goods.
We already accept stolen money from every day purchases, so yes.
i will accept some ^) lets see if someone share 19iqzPtS6xYZfiVUKC4qxbYWhTjXDr9Erq
Wake up bro, you're in a dream. 
i will accept some ^) lets see if someone share 19iqzPtS6xYZfiVUKC4qxbYWhTjXDr9Erq
Bitcoins stolen somewhere upstream? Bitcoins from a thief for my Game Boy? Sure I would accept. But just as in the cash economy, I wouldn't knowingly accept a thumbdrive of stolen bitcoins directly from the thief. That wouldn't be very wise and the victim might try to recover his/her assets from me.
I would report them stolen, to the former owner.
What's your point anyway ?
Every piece of fiat you have in your household has been stolen in the past. Do you accept it? Yes you do. Now give yourself an answer to your question...would you accept stolen BTC? Hell yeah!
Simply put yes
That's a good moral question but also one that can be hard to really answer.
There is so much money in the world that at one point was used in a crime (theft in this case). The blockchain creates an interesting situation where you could know if bitcoins were stolen at one point in time, something you can't really do whenever you get cash.
As others said simply receiving stolen bitcoins from someone doesn't mean that person was ever involved and the bitcoins could have passed through dozens, hundreds, or even thousands of hands before ever reaching you.
My answer is this... if it's not illegal to do so. Then yes I would. While I feel bad for anyone who has fallen victim to theft it's also true that I shouldn't be punished as well or lose out on payment as a result.
Example:.... someone gets their coins stolen, said theif buys something on overstock, overstock gives coins to coinbase, coinbase puts coins back on market, coins pass through various peopels hands over time, coins eventually come to my wallet in form of payment for services I offered...... in this situation yes I would take the coins even if its morally wrong, just like overstock/coinbase/and others took the coins. The only thing that would stop me is if it was illegal to do so, but if it was then overstock/coinbase/and others could/would also get in trouble.
If it wa something more direct like someone steals coins and then said theif tries to give me those coins with no other transactions taking place in the middle then I might do the morally correct thing and return the stolen coins if it wasn't money I really needed at the time.
There is so much money in the world that at one point was used in a crime (theft in this case). The blockchain creates an interesting situation where you could know if bitcoins were stolen at one point in time, something you can't really do whenever you get cash.
As others said simply receiving stolen bitcoins from someone doesn't mean that person was ever involved and the bitcoins could have passed through dozens, hundreds, or even thousands of hands before ever reaching you.
My answer is this... if it's not illegal to do so. Then yes I would. While I feel bad for anyone who has fallen victim to theft it's also true that I shouldn't be punished as well or lose out on payment as a result.
Example:.... someone gets their coins stolen, said theif buys something on overstock, overstock gives coins to coinbase, coinbase puts coins back on market, coins pass through various peopels hands over time, coins eventually come to my wallet in form of payment for services I offered...... in this situation yes I would take the coins even if its morally wrong, just like overstock/coinbase/and others took the coins. The only thing that would stop me is if it was illegal to do so, but if it was then overstock/coinbase/and others could/would also get in trouble.
If it wa something more direct like someone steals coins and then said theif tries to give me those coins with no other transactions taking place in the middle then I might do the morally correct thing and return the stolen coins if it wasn't money I really needed at the time.
No. You can lie about the coins having been stolen, and if you've stolen the private key, you can claim to be the owner.
Yes, that's my point.
How about this: if your coins are stolen, to prove that you're the true owner, just sign a message using the private key of that address saying you were robbed. simple!
No. You can lie about the coins having been stolen, and if you've stolen the private key, you can claim to be the owner.
How about this: if your coins are stolen, to prove that you're the true owner, just sign a message using the private key of that address saying you were robbed. simple!
For those who have been scammed or have bitcoins stolen from them before, I believe they would like the tainted bitcoins not to be accepted by any other wallet/people unless they are returned to the original owner and becomes clean again.
I think this is an excellent idea. But there are so many problems associated with this blacklist...
Who will be the judge of scams and stolen coins?
Who maintains this blacklist?
How about the transactions after the steal and before the crime is reported?
Do the innocent people who received the tainted bitcoins loose their coins?
Will all their coins be frozen?
If there is a way to resolve these perfectly, I am all for it. If not, I rather not have any blacklist system.
I think this is an excellent idea. But there are so many problems associated with this blacklist...
Who will be the judge of scams and stolen coins?
Who maintains this blacklist?
How about the transactions after the steal and before the crime is reported?
Do the innocent people who received the tainted bitcoins loose their coins?
Will all their coins be frozen?
If there is a way to resolve these perfectly, I am all for it. If not, I rather not have any blacklist system.
No I wouldn't accept them. I check the serial number of every dollar bill in my wallet against the national database of stolen money (Library of Laundering). The LOL also tracks terrorist funds digitally and I refuse to take that. Unfortunately it means I send most of my paycheck back and I'm totally broke.
LOL
The only truly "stolen" coins are those that are hacked or physically extorted from the owner.
90% of what people consider 'stolen' coins either fall under the category of 'defaults', which while in some cases the debts may have been taken on in a malicious manner, is almost entirely impossible to distinguish from legitimate bankruptcies, which isn't truly theft, so I think it's best to treat all defaults as something separate from true theft.
90% of what people consider 'stolen' coins either fall under the category of 'defaults', which while in some cases the debts may have been taken on in a malicious manner, is almost entirely impossible to distinguish from legitimate bankruptcies, which isn't truly theft, so I think it's best to treat all defaults as something separate from true theft.
So tell us all just how that can be done without negatively affecting the rights of all!
SPEAK!
The Dutchman is turned to hear!
My $.02.
I never said it could be done. I just am stating that there is a big difference between hacked / extorted coins and coins that one person vaguely states were 'stolen' from them by a gambling site, investment site, etc...
OK.
How do you tell the difference?
You cant.
Thats one of the major advantages, and one of the major disadvantages of bitcoin; the owner is anonymous
Theres no Stolen Bitcoin around ...
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