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I don't have a claim. I'm waiting for proof. Someone claimed that with Bitcoin, transactions cannot be suppressed or prohibited. That sounds like an extraordina
by hudon 8y ago
I don't have a claim. I'm waiting for proof. Someone claimed that with Bitcoin, transactions cannot be suppressed or prohibited. That sounds like an extraordinary claim, don't you think? So we should require proof! Let's see if someone can actually use Bitcoin to bypass OFAC sanctions. Or is science immoral?
- berberous 8y agoWell, you implied the network wouldn't confirm the transactions. I don't think that's accurate. Here's your proof: November 28 press release announcing the two addresses added to the OFAC list: https://home.treasury.gov/news/press-releases/sm556 https://home.treasury.gov/news/press-releases/sm556 Blockexplorer for address 1: https://www.blockchain.com/btc/address/1AjZPMsnmpdK2Rv9KQNfMurTXinscVro9V https://www.blockchain.com/btc/address/1AjZPMsnmpdK2Rv9KQNfM... Blockexplorer for address 2: https://www.blockchain.com/btc/address/149w62rY42aZBox8fGcmqNsXUzSStKeq8C https://www.blockchain.com/btc/address/149w62rY42aZBox8fGcmq... Note that both have confirmed transactions occurring after November 28. Now, I of course have no interested in sending a transaction myself since that's illegal under U.S. law, but that does not mean the network itself can be censored. (On a side note: how did you go from working at Coinbase to being such a crypto hater? I understand if you don't want to answer that, I was just genuinely curious.)
- hudon 8y agoIf you’re not willing to send money to an address because you’re afraid of the repercussions, you’re being censored. I worked on crypto for many years and over time I realized meaningful problems were better solved by building trust, not running away from it. Further, tech can’t replace trust: humans own the network, not the other way around.