What will happen if someone puts up an illegal asset? Has anybody raised that question yet?
Lets say somone anonymous creates an asset that infringes on some companies copyrights, called "Facebook" or "Nintendo" for example?
Or if I create an asset that makes money with illegal activities like DDOS blackmail or sale of drugs. Would a SilkRoad-asset be allowed to exist and is there any way to remove it? What is the official policy of the devs if they have regarding those cases?
Counterparty is an open platform, like Bitcoin itself, and no one (not even a dev) is capable of removing or renaming other users' assets
Hi PhantomPhreak,
I too am only a month or two into Counterparty and am fascinated by its capabilities and potential. Since SilkRoad was shut down do you fear websites like Counterwallet could potentially be shut down if there was evidence of some sort of nefarious activities (regarding copyright infringement or illegal goods) going on with the assets?
I am near certain a few NXT assets have been publicly exposed as more-or-less scams already, though to be fair one guy (NewNxtGames) did offer to repurchase all the assets he sold at their purchase price when his whole idea for making games based on the NXT blockchain fell through.
My apologies if you are already well tired of answering this question. I read all the CounterParty Protocol and Wiki articles and will dig into this thread before I ask any potentially silly questions.