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So it's in everyone's interest to fight this every way possible. Coinjoin or better on the tech side, lobbying on the legal side. Otherwise you end up with a tr

So it's in everyone's interest to fight this every way possible. Coinjoin or better on the tech side, lobbying on the legal side. Otherwise you end up with a traceable currency that can retroactively be stolen. What if someone cashes out before Bobcorp notices? At which point does Bobcorp get to file a theft notice? It can't just be an open registry since then anyone can temporarily block anyone's coins. After a court order? That could take forever. What about when they wanna seize money from Silk Road 5 or MegaUpload3? Plus you'll end up with coins dirty in one country but not another. China and Venezuela probably want to claim any coins that went through their country in some way - they're violating currency export controls no? At least Monero provides far more fungibility.

feral 9y ago
>What if someone cashes out before Bobcorp notices? People (exchanges etc) will be wary of accepting large transactions which have moved a lot recently from untrusted sources, whereas coins that have sat in the same wallet for a few weeks won't be discounted against as much etc. To give some intuition advice here, think of it like how a risk management department of a financial institution would, trying to price grey risks; not like a distributed systems engineer does, trying to reason about edge cases as either Boolean correct/incorrect. ("Hmm, guess we'll have to discount fast moving coins from people we don't know" vs "If the hacker sells it fast enough the whole taint thing is unworkable and everything will be fungible again") Analogous to https://xkcd.com/538/ https://xkcd.com/538/ - regulators and financial institutions will take the $5 wrench approach!