Post
Topic
Board Development & Technical Discussion
Re: Proposing new feature in Bitcoin protocol to reduce the number of thefts
by
greenlion
on 07/10/2014, 21:58:24 UTC
So, we would like to propose this feature to be added to Bitcoin protocol:

A "Time Lock" command for Bitcoin addresses.
Are you aware that Bitcoin addresses do not exist on the blockchain or in the protocol?

And that "addresses" are not spent, "outputs" are.

And that transactions don't have timestamps?

And that the timestamp on a block is unreliable as an indication of current real-world calendar time?

And that the change you are proposing would require so much modification to the way the protocol works that it would likely destroy the consensus system and the fungible nature of bitcoins?


Are you aware that 10% of the bitcoins in circulation are currently stolen?

Are we going to do anything about it?


One obvious first step is suing the hell out of you for stealing millions of dollars from your mining customers.