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Who would manage such database of "shunned" Bitcoins? Who would decide which ones are "shunned" and which aren't? This is a delicate topic, almost as much contr
by M4v3R 13y ago
Who would manage such database of "shunned" Bitcoins? Who would decide which ones are "shunned" and which aren't? This is a delicate topic, almost as much controversial as censoring internet to get rid of child porn. With decentralized protocol/currency as Bitcoin is, that is not possible to do properly.
OTOH, every service can decide on their own what they accept and how they operate, so each and every service operator COULD implement such measures. But then the thief would just choose another service provider who doesn't implement that.
- biff 13y agoNote, I'm not saying it's a fantastic idea, just something that happened to occur to me as a possible development in Bitcoin's future. It'd likely be along the lines of anti-spam lists. You might have one that's high-profile thefts or seizures. For that matter, these lists could be political, issue-based, or whatever. It's ridiculous and unlikely to be followed if taken out to the extremes of issue-based disputes, but I don't think it's impossible for a significant number of people to agree not to transact in stolen Bitcoins, some on principle, some as self-preservation (the exchanges), and most because their utility is reduced by the first two groups refusing them. This also happens to increase the value of untainted Bitcoins.