Ninjastic
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Re: If MtGox can ident the Bitcoins, why not fix it?
by
soy
on 25/02/2014, 18:08:52 UTC
Quote from: mgburks77 on February 25, 2014, 05:49:48 PM
Quote from: DeathAndTaxes on February 25, 2014, 03:50:49 PM
Quote from: soy on February 25, 2014, 03:46:33 PM
Back to the missing Bitcoins and the original question.  Identify the Bitcoins and stop them in their tracks.  Whether double spent or stolen, mine are mine and if MtGox sent them to someone else that's theft.

Because Bitcoin is decentralized.  You say "stop" those "bad" Bitcoins.  Who stops them and who decided which ones are bad?

The central agency of bitcoin thefts and disputes?  What is the level of proof?  What if someone lied and just said coins were stolen?  Is there an appeal process?  How does this agency pay for itself (you don't think thousands of people investigating millions of disputes a year is going to be done for freee)?  Maybe we should put a 2% tax into the network on each transactions to fund the central agency of bitcoin thefts and disputes?  What happens when a government puts guns to the heads of people in the agency and says "forcibly confiscate the coins of these political disidents"?

Bitcoin is decentralized.  There is no appeal to a central authority.
Bitcoin is like cash.  If you leave your wallet on the subway and someone steals it you aren't getting the money back.
Bitcoin is like cash.
Bitcoin is like cash.
Bitcoin is like cash.  Start treating it like cash.

Amen

I take $100 out of an ATM in $20 bills.  The ATM has recorded those serial numbers.  I immediately get mugged.  I identify the mugger to the police.  The money is seized.  The twenty dollar bills are identified as those I withdrew from the ATM.  The mugger gets tried, convicted, goes to jail or gets counseling (liberals) and I get my $20 bills back.