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Here’s how blacklists destroy your “store of value” argument: Transactions don’t require the receiver’s consent. It’s easy to find large wallets (wallet balance
by GauntletWizard 6y ago
Here’s how blacklists destroy your “store of value” argument: Transactions don’t require the receiver’s consent. It’s easy to find large wallets (wallet balance is public record), and then once you’ve carried out your ransomeware attack and gotten paid, your black wallet sends to whatever poor schmuck you want to destroy. Because sends blacken anything they touch, you’ve just turned a lot of money into nothing, at the cost of whatever action it took to get that wallet blacklisted in the first place.
- bradleyjg 6y agoThe blacken anything it touches wasn’t my argument. Investigate everything it touches, yes, but if it turns out to be no connection you just confiscate the proceeds of a crime and move on.
- Jommi 6y agoDestroy? All the wallet needs to do is send it back. Or not use it. Simple and probable.