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Silk Road Accused's '$28m Stash' Found By FBI

• zaroth 13y ago
  Last night 144,000 BTC was collected all into a single address, here: https://blockchain.info/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH https://blockchain.info/address/1FfmbHfnpaZjKFvyi1okTjJJusN4... It will be interesting to start tracing back all the inputs to this and see the different paths the coins took getting there. A lot of people don't understand just how pseudo-anonymous Bitcoin really is. Waiting for the other shoe to drop - will any miners patch their code to ignore any transaction spending from this address, and orphan any blocks which do the same? I don't think it's going to happen, it's arguably not in the best interest of miners to demonstrate that level of cooperation. It's fun to imagine how that would play out though! FBI could mine the transaction themselves with enough hashing power, but the block they broadcast could still be orphaned by the majority of hashing power. Since only the longest chain - the chain with the most proof-of-work - is considered, it's technically possible for the Bitcoin community to blacklist these coins. But only as long as a majority of miners refuse to include or build on a block which spends them.