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How easy is to tell if you're getting tainted coins? Just the mention of this sort of hard fork means anyone who is exchanging coins for USD or BTC is at risk o
by RockyMcNuts 10y ago
How easy is to tell if you're getting tainted coins? Just the mention of this sort of hard fork means anyone who is exchanging coins for USD or BTC is at risk of being stuck with a hot potato, with impacts on convertibility and confidence in the whole system.
- ewillbefull 10y agoThe stolen coins are unspendable for the time being due to the design of the contract.
- RockyMcNuts 10y agobecause... ? Sounds someone already got stuck with the hot potato. Was it definitely the hacker? if so, how did the contract's design make the coins unspendable? sounds like it would have been an odd contract to enter into. Sounds like the powers that be have said, 'I have altered the deal. Pray I don't alter it any further.' If you're going to do this sort of thing, you need a transparent policy describing the circumstances under which you're going to do that and who will make that decision. It's almost as if complex contracts need to come under a system of laws and an adjudication process. Otherwise might is right (in this case might being all profit to the superior hackers, or to the people who can make the decision to repudiate the letter of the contract)