It would be nice if coins had a self-destructing kill switch in the event that said coin(s) was/were flagged as stolen.
That is one of the single best ideas I've seen.
If someone could figure it out to destroy the stolen coins > this would create a hole where new coins are needed so the volume stays the same > patch the blockchain with new coins to a new address where the victim would be given back their losses and volume would be back to original number
this would create an insurance type of system, and it would also gain trust with the public
Heh after the 'anonymity' fad wears off this might just be a thing. I could imagine a wallet offering 3rd party 2FA in return for a slightly higher transaction fee.
This seems like it would be abused and become the crypto equivalent of a chargeback. Things need to be trustless.
there is details to be worked out, but things cannot be trustless
we need trust in the system otherwise nothing will ever work
do you go to work not trusting the guarantee that your employer will give you a paycheck?
of course you don't, you trust your employer otherwise why even go to work
this would mean a middleman being involved and certain regulations would have to be put in place in order to guarantee the transaction
That goes against what bitcoin is all about. Middleman = centralization. When you have to trust you open the door for corruption.
Aren't the miners essentially middlemen? what about the pools? what about Ghash.io? isn't everyone scared that if Ghash gains enough hashing power it could result in double spending and even the death of BTC? What about the pump and dumps by the miners, aren't they acting as middlemen/gate keepers that hold access to the coins?
I just don't see where people think there is no "middleman" in BTC, there is a system in place (not a very regulated one) that acts as a middleman to the coins.
Just look at the exchanges, they are middlemen and even some of them have become corrupt.
how about implementing a system of checks and balances where the middlemen will be regulated by that same system and the people supporting said system.
human nature is what really needs to be kept in check so corruption can be avoided as much as possible