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This is something I would worry about. If a particular piece of bitcoin becomes tainted because it's associated with dirty money (or whatever), and I receive it
by analog31 5y ago
This is something I would worry about. If a particular piece of bitcoin becomes tainted because it's associated with dirty money (or whatever), and I receive it as a payment, will it become harder to spend or of less value? What if it goes onto some sort of blacklist?
To use the recent parlance, can my money be "cancelled" by popular opinion?
- labster 5y agoYes, popular opinion can cancel you via forking the blockchain or software.
- Ekaros 5y agoYes, and this popular opinion is one of the exchanges and online wallets. Not necessarily the miners or nodes running the network.
- chii 5y agowhich kind of goes against the very philosophy of bitcoins in the first place, where there should not be centralized control of the currency. A blacklist of coins is a defacto centralized control.
- analog31 5y agoOn the other hand, the lack of centralized control means that each person can have their own philosophy of bitcoins. Literally every individual can have their own belief about what bitcoins are useful for. The only limitation is whether a particular philosophy makes sense in light of how bitcoins work and behave at any given moment.