Quote from: CompNsci on March 04, 2014, 11:56:06 PM

Quote from: btc4ever on March 04, 2014, 07:29:38 AM

Multiple senior people on these boards have told you this one of or possibly the worst proposal they have ever heard of for bitcoin.

I understand people's reluctance, but I've yet to hear that this would really hurt anyone other than possibly the people with the locked coins. And in those cases, there would be a procedure for unlocking.

I also understand the general concern that this would change the underlying perception of bitcoin. In other words, that the value of bitcoin for most people is derived from the fact that there is no such locking possible. Now while that certainly has been the rule to date, the question is, would such an ability to lock addresses, subject to a review procedure, increase or decrease the typical potential user's confidence?

Certainly the criminal element wouldn't like this. By and large, of course, they would usually be flying under the radar of some limit on the amount and would likely be in trouble by the time legal action is taken against them anyway, but presumably they still wouldn't like this.

But I do wonder what the effect would be for the much larger number of potential users that bitcoin is trying to expand into? Certainly the aficionados who tend to read this forum aren't representative of this group.

I've actually read comments of at least a few miners that might be in favor of such an idea, because they don't want their resources being used to commit a large fraud or theft.

I tend to be interested in the actual facts behind an issue and don't pay much attention to arguments from authority. If you don't like my discussions or posts, please go ahead and block me so you don't have to read them.

You are right. If you can gather a significant majority you can fork bitcoin. The minority will either continue without everyone else on their own fungible bitcoin or will give up and join your non-fungible system.

I say go for it. It seems that you are one of those people that aren't capable of learning from the wisdom of others. You prefer to just try foolish things and see what happens. I wish you all the luck in the world. You seem to believe that there would be significant support for such an idea, so go ahead and implement it.

Start contacting mining pools and individual miners. Convince them to accept this new system. Get your "trusted authority" put together and write up the rules and procedures that they will use to review lock and unlock submissions.

Either you are correct and your idea will take off, or you are wrong and you are wasting your own time. Either way, doesn't matter to me.

To me, your system will just be another dogecoin. I'll stay with the fungible bitcoins, and watch from a distance with interest to see what happens with your experiment.

When you're all done, stop back and let us all know how it worked out for you.