3 ms·
I mean, at that point you may as well say "what if the government just decides to ban bitcoin". But they aren't doing THAT. Blacklisting certain addresses is
by stale2002 9y ago
I mean, at that point you may as well say "what if the government just decides to ban bitcoin".
But they aren't doing THAT.
Blacklisting certain addresses is arguably 'harder' for the government to do than a simple straight up ban.
Blacklisting address is difficult, as the coins can quickly and easily be transferred to an unexpecting, innocent party. And now all of a sudden ALL coins are tainted.
What, is the average person going to track which coins are on the secret government blacklist and which aren't? If they don't do that then their coins are at risk of being tainted, and now THEY are on the ever expanding blacklist as well.
The government has only 1 option, a blanket ban on all cryptocurrencies. Anything else is just this impossible game of wakamole that will hurt innocents way more than the bad guys.
If they don't do the blanket ban, then the cat is out of the bag.
- EGreg 9y agoI think the proper way to blacklist is by posting an advisory on some list. And then all payment processors / miners / etc. in a jurisdiction must respect that list. And everyone else would do well to check the lists because their payment might become not accepted down the line.
- spdionis 9y agoYou would have to modify bitcoin itself, probably through a hard fork, to implement such a blacklist. You don't need payment processors to transfer bitcoin, that's actually the point of it!