Quote from: sgbett on January 07, 2015, 05:43:36 PM

Quote from: Chalkbot on January 07, 2015, 05:32:13 PM

wtf you guys. I can't believe you're talking about blacklisting these coins, as if that would be a good thing. No.

That would be one giant leap toward the traditional banking cartel. When you receive payment for something, do you want to have to check to see if any of those bits you got were from these stolen coins (or the thousands of others)? Were they within a couple transactions of these coins? Comb the entire transaction history to make sure they are not blacklisted somewhere? That sounds like a huge burden. Are you going to pay to have someone else do that for you? Those are the only 2 choices.

You want every coin to have special rules attached to it? Oh, this coin can't go to Bitstamp, and that one can't go to XXXX. That makes some coins worth more than others, and it means you're taking a risk every time you buy coins which you can't verify the history of. Fungibility is one of the key properties of bitcoin that make it better than the alternatives. You should not throw it away to maybe make this one guy's life more difficult.

Yeah, it sucks that these coins were stolen, and it's looking like the person who perpetrated the act may in fact be a bad guy. But it's time to shift the paradigm folks. These coins were stolen because it was possible to steal them. Bitstamp made that possible. Traditional money services have high fees to cover this shit, and bitcoin has low fees because it's secure, and you don't need to cover this shit if you're transacting properly. If you do something dumb, it's on you, we're not charging the consumers for the mistakes and inefficiencies of the money transmitters anymore. That's the point of bitcoin.

Bitstamp is in the process of rewriting their entire system from the ground up, to prevent this sort of thing happening again. Can you imagine Visa doing this after the Target hack? No, they keep doing the same thing, because you guys keep paying for their losses. There's no point in them changing anything. Bitstamp had suck ass security, a hacker fined them 5 million dollars for it. Their security (supposedly) will improve as a result. Gox died as a result, and we'd all have been better off if it happened way sooner than it did. Incompetence is not an option in this space, unless you have a shit ton of money to burn.

quite agree. its great the coins can be tracked, and this can probably help in tracing and capturing and bring to justice the perpetrators. traditional law enforcement should enforce the law.

in the meantime bitcoin should just carry on being bitcoin and not be concerned about who owns what coins and whether one coin is any less valid than any other.

In the real (non virtual) world receiving stolen goods is a crime whether you know the goods are stolen or not, (the goods in question can be banknotes) - if bitcoin can be classified as goods and if the coins can be traced back through the blockchain to the point where they were stolen then they could quite legally be subject to seizure and returned to their original owner in the UK. To avoid this happening to unsuspecting individuals they would need to be temporarily marked until such time until they were received by the original owner when such mark could be removed.