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> But it's a bit like saying "I don't do business with Iran." Some countries do, others don't. Almost all countries follow the US imposed sanctions against Ira

> But it's a bit like saying "I don't do business with Iran." Some countries do, others don't. Almost all countries follow the US imposed sanctions against Iran. If you don't it will be very hard to do business with anyone in the US. Here is an example of a bank from my country being fined by US regulators for allowing transactions to Iran (and Cuba): https://www.reuters.com/article/us-ing-sanctions-idUSBRE85B12I20120612 https://www.reuters.com/article/us-ing-sanctions-idUSBRE85B1... > A two-year criminal probe was conducted jointly between the U.S. Department of Justice and the office of Manhattan District Attorney Cyrus Vance. The Treasury Department’s Office of Foreign Assets Control conducted its own investigation. Companies follow those sanctions because they don't want to be slapped by US regulators (they don't have to pay the fine, but that means losing access to the US banking system). Not many western countries besides the US have problems with Iran (as opposed to other middle eastern countries). ----- As to your point: everyone creating a blacklist is a big hot potato game. If you're not on top of the latest hacks and get some bitcoin that were stolen you'll be at a loss. This would defeat Bitcoin's fungability and defeat it's purpose as a currency.

hammock 7y ago
>Almost all countries follow the US imposed sanctions against Iran. If you don't it will be very hard to do business with anyone in the US And in my second paragraph, I make exactly that point: make it more useful by saying "I don't trade with anyone who doesn't also share my same blacklist"
- askmike 7y ago
  So who guards the blacklist? A central authority like that goes against the whole point of Bitcoin, might as well use Paypal at that point. A blacklist like you suggest has been tried and shot down many times, for example: https://bitcointalk.org/index.php?topic=333824.0 https://bitcointalk.org/index.php?topic=333824.0
dwild 7y ago
> If you're not on top of the latest hacks and get some bitcoin that were stolen you'll be at a loss. The same happen with counterfeit money, yet here we are, still using it everywhere. In most case, if it's physical, you can catch it before it get send. If it's digital, you can cut access. No big deal. Go see any big Ebay seller and find one that didn't lost any money from a scammer.
- askmike 7y ago
  No that's not the same at all. A stolen bitcoin is a real bitcoin. A fake dollar is not a real dollar.
  - dwild 7y ago
    >If you're not on top of the latest hacks and get some bitcoin that were stolen you'll be at a loss. We are talking about blacklist that would make a stolen bitcoin, no longer a real bitcoin and thus be at lost. If you consider it still a real bitcoin, how can you consider it a loss? If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck. If it doesn't... it's probably not... You talk about being on top of the latest hacks... isn't the same as being on top of the latest counterfeited money?
    - askmike 7y ago
      That only works if everyone in the world agrees to the same blacklist, else it's just an opinion of a few people.

hammock 7y ago

>Almost all countries follow the US imposed sanctions against Iran. If you don't it will be very hard to do business with anyone in the US And in my second paragraph, I make exactly that point: make it more useful by saying "I don't trade with anyone who doesn't also share my same blacklist"

askmike 7y ago
So who guards the blacklist? A central authority like that goes against the whole point of Bitcoin, might as well use Paypal at that point. A blacklist like you suggest has been tried and shot down many times, for example: https://bitcointalk.org/index.php?topic=333824.0 https://bitcointalk.org/index.php?topic=333824.0

dwild 7y ago

> If you're not on top of the latest hacks and get some bitcoin that were stolen you'll be at a loss. The same happen with counterfeit money, yet here we are, still using it everywhere. In most case, if it's physical, you can catch it before it get send. If it's digital, you can cut access. No big deal. Go see any big Ebay seller and find one that didn't lost any money from a scammer.

askmike 7y ago
No that's not the same at all. A stolen bitcoin is a real bitcoin. A fake dollar is not a real dollar.
- dwild 7y ago
  >If you're not on top of the latest hacks and get some bitcoin that were stolen you'll be at a loss. We are talking about blacklist that would make a stolen bitcoin, no longer a real bitcoin and thus be at lost. If you consider it still a real bitcoin, how can you consider it a loss? If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck. If it doesn't... it's probably not... You talk about being on top of the latest hacks... isn't the same as being on top of the latest counterfeited money?
  - askmike 7y ago
    That only works if everyone in the world agrees to the same blacklist, else it's just an opinion of a few people.