Quote from: squatter on June 01, 2019, 10:35:15 PM

Quote from: TimeBits on June 01, 2019, 09:45:49 PM

Let`s us say that a exchange got hacked, Would there be anyway to ban those bitcoins? like blacklist the stolen coins so they cannot be used on the network?

Are we for censorship resistance, or not? Blacklisting is antithetical to what Bitcoin is. The entire proof-of-work mining incentive exists so that miners publish transactions regardless of any other consideration than rational profit motive. If users/miners can start meddling and deciding that some transactions are illegitimate, then clearly Bitcoin can't be trusted any more than the trusted intermediaries (like banks) it was intended to replace.

Exchanges and other centralized services are free to coordinate and blacklist coins among themselves, but implementing a blacklist at the protocol level would be impossible to do. Users wouldn't have it. Blacklisting nodes would eventually split from the Bitcoin network when the outputs are spent.

Well we would only blacklist hacked coins I guess, so hackers do not profit and miners do, for doing the right thing. I don`t know, it would be up to the network, I would vote fuck you to mt.gox coins lol, but it is to late now, if we had this feature it could of been good.

As for the later there could be fixes put in. I thought of something pretty good.