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This is the very reason why Bitcoin needs to policed from a decentralized standpoint. I don't know much about the logistics of crypto-currencies but from my und
by colept 13y ago
This is the very reason why Bitcoin needs to policed from a decentralized standpoint. I don't know much about the logistics of crypto-currencies but from my understanding there are public/private keys involved.
It should be possible that one can blacklist their own bitcoin address by using the private key. This way at least crooks cannot make off or use the stolen coins. Do any more technical Bitcoin fanatics have any thoughts about this?
- plaguuuuuu 13y agoFirst, it would be pretty disastrous being able to blacklist money after spending it (by giving it to someone else) Second, AFAIK crooks need the private key to steal it, so wouldn't work anyway.
- wmf 13y agoPeople usually don't refer to securing their own money as "blacklisting". Look into cold wallets, hardware wallets, and multisignature transactions.