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I mean, you'd sanction that address and any other it deploys to. In addition, sanctions are transitive (by how much no one knows).

• bee_rider 4y ago
  Not knowing anything about cryptocurrencies or running distributed systems on the wilds of the internet, I will ask a dumb question: Is it possible to design an algorithm that comes to a consensus on what new address to use faster than the legal system can sanction them?
  • EddySchauHai 4y ago
    You could cascade the sanctions so any addresses touched by sanctioned addresses becomes sanctioned too; that leads you open to trolling and abuse where a sanctioned address sends money to celebrities to impact them. This could probably be dealt with by saying anyone who uses an obvious Tornado-style contract that's been sent money from XYZ address is illegal, so you don't end up with the trolling, but I don't know for sure how that'd work.
    • bee_rider 4y ago
      There are still big legitimate institutional entities doing crypto, right? At some point you must hit "7 degrees to Wells Fargo" or whatever, right?
  • chrisco255 4y ago
    Of course. It's a riskier implementation from a smart contract security standpoint, but entirely possible.