Post
Topic
Board Bitcoin Discussion
Re: would you accept stolen bitcoins?
by
AnonyMint
on 04/03/2014, 05:02:40 UTC
That would be true if the general public agrees as they do with cash.

But the problem is cash is highly regulated and so grandmas don't just see their money go "and poof it's gone" from their bank account or when exchanging dollars for euros without some restitution.

The majority of the population is not going to accept our ideal of unregulated, decentralized wild west.

And the government has the legal authority to apply the nemo dat principle of our common law system to Bitcoin, because it is not legal tender, it is not sufficiently regulated by the government, and it is traceable forever.

We either add very strong anonymity so that the traceability is rendered impotent, or we succumb to the will of majority.

This is democracy. If you want to destroy democracy, then you must have anonymity. Period. That is all I am saying. It is fact.