>there’s no (current) list of black market coins, which is entirely possible to create- meaning hacked bitcoins would not re-enter circulation and the value dim

>there’s no (current) list of black market coins, which is entirely possible to create- meaning hacked bitcoins would not re-enter circulation and the value diminishes wildly. How would that be possible? Isn't the value based off of wallets, so what you need are blacklisted wallets, and trading with a blacklisted wallet blacklists your own wallet. This would also mean all coin mixers are nearly guaranteed to become blacklisted. At such a point, people will just choose to do business with blacklisted wallets instead. We can already trace coin flows between wallets involved in far worse crimes than theft, yet the entire bitcoin community considers allowing them to operate as a cost of doing business. I don't see why millions of dollars worth of stolen coins would prompt a black list system when child abuse sites using bitcoins didn't prompt a black list system.