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Topic: would you accept stolen bitcoins? - page 5. (Read 4527 times)

hero member
Activity: 493
Merit: 500
January 27, 2014, 09:39:56 AM
#12
I wouldn't now that there is talk of Bitcoin blacklisting. I mean I'd probably accept it, but if a legitimate way of identifying stolen BTC is added into the protocol as proposed, they'd be worth nothing anyway.


If blacklisting is added into the protocol, it would be begin of end for Bitcoin I think
hero member
Activity: 976
Merit: 575
Cryptophile at large
January 27, 2014, 09:31:29 AM
#11
I wouldn't now that there is talk of Bitcoin blacklisting. I mean I'd probably accept it, but if a legitimate way of identifying stolen BTC is added into the protocol as proposed, they'd be worth nothing anyway.
full member
Activity: 126
Merit: 100
CAUTION: Angry Man with Attitude.
January 27, 2014, 09:20:32 AM
#10
I would except bitcoins if they were stolen, Theres no way to find the owner right?
hero member
Activity: 682
Merit: 500
January 27, 2014, 09:06:58 AM
#9
I will gladly accept all Bitcoins. If you don't want them just send them to my sig!  Wink
full member
Activity: 392
Merit: 116
Worlds Simplest Cryptocurrency Wallet
January 27, 2014, 08:42:12 AM
#8
Bitcoin cannot be stolen.

But yes, I would accept Bitcoins that someone unexpectedly lost control of.
legendary
Activity: 1232
Merit: 1195
January 27, 2014, 08:35:08 AM
#7
Would you accept stolen paper money? Most notes get 'dirty' somewhere along the chain.
legendary
Activity: 1050
Merit: 1002
January 27, 2014, 08:33:08 AM
#6
Yes I would. The integrity of the system, which relies on coins being fungible, is more important than a few thieves.

Even if I knew the victim was my grandmother I would accept the tainted coins. It's that important. There are other ways to catch thieves, even if not for that specific crime.
hero member
Activity: 868
Merit: 1000
January 27, 2014, 08:30:59 AM
#5
Every British bank note is contaminated by cocaine within weeks of entering circulation
http://www.dailymail.co.uk/news/article-1241775/Every-British-bank-note-contaminated-cocaine-weeks-entering-circulation.html

The news is old (2010), and is about GBP.
But, I am sure it is more or less the same for other currencies.

If you don't want to accept "stolen" bitcoin, would you accept "dirty" banknotes?
member
Activity: 70
Merit: 10
January 27, 2014, 08:29:50 AM
#4
If a wallet asks you when you install it, "would you accept stolen bitcoins?" what will be your response?
That's not a relevant question because it's not a situation that really happens. Maybe something like "Would like to accept transactions that include even trace amounts of coins that were sometime in history part of a transaction that someone on the internet alleges was a theft" would be a more realistic one. Unfortunately it's not very catchy.

hero member
Activity: 728
Merit: 500
January 27, 2014, 08:29:13 AM
#3
Who defines what a 'stolen' bitcoin is?

Some consider the FBIs stack of bitcoins stolen. Others consider it legitimately confiscated.
Some consider coins returned to a buyer by an escrow agent to be stolen. Others consider it a legitimate refund.

Secondly, if Alice accepts stolen bitcoins and uses them to purchase something from Bob, who has his wallet set to reject stolen bitcoins. Will they reject Alice's coins? Even if only 1% of the payment consists of the stolen coins and the rest is from another source, not marked as stolen? Because if that's the case, then in not too long Bitcoin will be unusable by those that reject stolen coins, because coins have a tendency to get spread out over thousands of wallets. Take the famous 10000 BTC paid for a pizza: these coins were tracked by forum-user dooglus who concluded that many wallets contain traces of said pizza-coins: http://bitcoin.stackexchange.com/questions/450/is-there-any-way-to-track-an-individual-bitcoin-or-satoshi/2900#2900
hero member
Activity: 854
Merit: 658
rgbkey.github.io/pgp.txt
January 27, 2014, 08:21:42 AM
#2
I think this is an important question, but you can never tell who is a criminal and who ended up with stolen crimes from an exchange or shared wallet, so you can never tell who is malicious and who isnt.
sr. member
Activity: 336
Merit: 250
January 27, 2014, 08:19:46 AM
#1
If a wallet asks you when you install it, "would you accept stolen bitcoins?" what will be your response?

If someone create a web to inform against stolen bitcoins gaving proofs and it gave you a wallet for money back marked and acepted stolen btc´s

I think Is time to make something with thieves.
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