Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
rebuilder
on 29/05/2014, 17:09:51 UTC
My preferences are not important.  The point is that a system that does not allow the forcible return of stolen property will not be acceptable to society, except for thieves and other criminals.  In the end, it will be rejected even by the libertarians who now think that irreversibility is a good thing.

Bitcoin allows the forcible return of stolen property just the same as any form of tangible property does. You find the person in possession of, or with knowledge of how to obtain, the property in question and you persuade or coerce them into handing the property over. Bitcoin simply doesn't contain a back door for anyone claiming authority to alter ownership of the property the public ledger keeps track of.