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> The equal split would be a matter of convention. But you see, that's not the question I asked. I asked where the stolen money actually is. And the only truth

> The equal split would be a matter of convention. But you see, that's not the question I asked. I asked where the stolen money actually is. And the only truthful answer you can give is "I don't know". I agree that we could create a system to track "tainted money" and use the proportional tracking in case of merge-splits (50-50 in our example). But you will quickly run out of untainted money (besides the freshly-mined coins), because 1) everything that touches the hot wallet in any exchange will be considered tainted 2) Even if #1 were not true, every time an exchange does a withdrawal, they don't do it in 1 transaction per address, they do it in batches, where they withdraw from the hot wallet into dozens/hundreds of addresses. They do it to massively save on the transaction fees.

posterboy 9y ago
"I don't know" implies you needed to keep looking. But you do know, roughly, just not exactly.
- aethertron 9y ago
  Look as hard as you wish, you'll never find it. That's why it's necessary to invent criteria for finding what we're looking for here. If they don't think tracking down stolen coins is a worthwhile pursuit, they'll never be convinced, but that's the beauty of the Shitcoin proposal. There's no need to convince everyone. The people who ARE convinced just need to build the parallel system.
aethertron 9y ago
>I asked where the stolen money actually is. Okay, let's go down that route. Here's where it is: nowhere. Not because it disappeared, but because it was never actually located IN a wallet. And this is true of all bitcoins! They're not really IN wallets. They're abstract entities, if they count as entities at all. The wallets are the more primary entities in the BTC platform, as I understand it. Wallets are associated with amounts of BTC. The BTC platform has no concept of 'stolen' coins. That's why you'll need another parallel platform to deal with this issue. As a wholly hypothetical platform, we're free to propose the invention of new conventions here.

posterboy 9y ago

"I don't know" implies you needed to keep looking. But you do know, roughly, just not exactly.

aethertron 9y ago
Look as hard as you wish, you'll never find it. That's why it's necessary to invent criteria for finding what we're looking for here. If they don't think tracking down stolen coins is a worthwhile pursuit, they'll never be convinced, but that's the beauty of the Shitcoin proposal. There's no need to convince everyone. The people who ARE convinced just need to build the parallel system.

aethertron 9y ago

>I asked where the stolen money actually is. Okay, let's go down that route. Here's where it is: nowhere. Not because it disappeared, but because it was never actually located IN a wallet. And this is true of all bitcoins! They're not really IN wallets. They're abstract entities, if they count as entities at all. The wallets are the more primary entities in the BTC platform, as I understand it. Wallets are associated with amounts of BTC. The BTC platform has no concept of 'stolen' coins. That's why you'll need another parallel platform to deal with this issue. As a wholly hypothetical platform, we're free to propose the invention of new conventions here.