Re: [Blacklist] of unreliable, 'taint proclaiming' Bitcoin services / exchanges
It's going to be hard honestly.
Yup, but without it, we will end up with two tiers of bitcoin. "Clean, government approved bitcoin", which are accepted anywhere and trade for a premium, and "tainted, government condemned bitcoin" which are refused by most businesses and users and are worth less. Yes, bitcoin itself will still be decentralized and censorship resistant, but if the only thing I can do with my "tainted" bitcoin is trade it back and forth for other "tainted" bitcoin with other "tainted" users, then it will have failed as a currency. Allow me to quote myself:I've never had a problem yet with having bitcoin refused or seized, but I also don't use any centralized exchanges. However, to say I am not concerned about this kind of privacy invading behavior spreading to merchants and affecting me in the future would be a lie, especially with the news of mining pools now excluding so called "blacklisted" transactions. The day I can't spend my bitcoin without completing KYC is the day I trade all my bitcoin to monero, I'm afraid.
Actually when I created this blacklist, I contemplated making a whitelist, but I believe it's going to be a lot of work to maintain it, and businesses also tend to either give themselves the right to steal funds due to 'taint' or say nothing on the topic at all; never have I read ToS that specifically say all coins are accepted equally.
One day exchange could accept any coins, tomorrow for whatever reason they could confiscate them, so I would give advantage to something that is really decentralized.
Yeah, fair points. It would just be nice to be able to get a bit of a feel for a new merchant I've never used before first, rather than having to make a small "test" purchase first to see if they are going to take issue with my coinjoined/mixed bitcoin. Although simply avoiding any merchant which uses BitPay already gets you a good chunk of the way there. 