-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 Your idea is to implement a centralized blacklist whereby we would keep track of 'tainted coins.' This idea has been proposed in the past, and is in fact being made a commercial venture by the Coinvalidation folks. This is, in fact, a terrible idea for multiple reasons, but primarily because it would destroy the fungibility of bitcoins.
Here's some relevant reading material on the matter: http://www.reddit.com/r/Bitcoin/comments/1qomqt/what_a_landmark_legal_case_from_mid1700s_scotland/ http://www.reddit.com/r/Bitcoin/comments/1qnqn1/a_pledge_i_invite_you_to_help_us_stop_the_threats/ - - Jameson On 02/28/2014 02:32 PM, Stefan George wrote: > Hello Bitcoin-enthusiasts, > > I am new to this mailing list and would like to share/discuss an idea that > crossed my mind today. > > To lower the rate of thefts in the future there are 2 possible ways: > > 1. Increase the security. E.g. use of multi sig wallets. > 2. Decrease the value of thefts. > > For 2. stolen BTC have to be identified and there has to be a penalty for > them. > > There are two problems with it: > > 1. Who has the responsibility to declare if a BTC is stolen or not and where > is the information available? > 2. BTC can spread over so many accounts easily and get new owners that it > becomes very difficult to actually > identify all stolen BTC and the penalty could affect people that didn't > stole them. > > The idea: > 1. The big damage can be caused by hacking the biggest exchanges that hold > most of the Bitcoins (Coinbase, Kraken etc.). > These exchanges should maintain and share a central database, where they > mark BTC as stolen. > This database can be read by anyone but only big and legally trustworthy > services (exchanges) maintain them. > > 2. To lower the possibility to spread stolen BTC, clients can (optionally) > check the database and refuse BTC that are listed here. > Of course the theft will try to spread the BTC right after the theft. > Therefore it should be possible to REFUSE to receive Bitcoins > that have been involved in any transaction within the last 24h/48h (or just > send them back). This way, if a big service detects a theft, it can act > within > 24h/48h to submit this info into the central database and the theft could > not benefit from the stolen coins anymore. > > This is just an idea but it would be great to hear your thoughts! > > Thanks, > > Stefan > > > ------------------------------------------------------------------------------ > Flow-based real-time traffic analytics software. Cisco certified tool. > Monitor traffic, SLAs, QoS, Medianet, WAAS etc. with NetFlow Analyzer > Customize your own dashboards, set traffic alerts and generate reports. > Network behavioral analysis & security monitoring. All-in-one tool. > http://pubads.g.doubleclick.net/gampad/clk?id=126839071&iu=/4140/ostg.clktrk > _______________________________________________ > bitcoin-list mailing list > bitcoin-list@lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/bitcoin-list > -----BEGIN PGP SIGNATURE----- Version: GnuPG v1.4.14 (GNU/Linux) Comment: Using GnuPG with Thunderbird - http://www.enigmail.net/ iQEcBAEBAgAGBQJTEOnRAAoJEIch3FSFNiDc9q8IAKzU0860HtlyvluHizwkn/TB /uKexUaA5bRMLqekEmFcS3koBqMPyyXRiPDqmy7aYJTAuLKfRtjkyS7BsgZ501PZ fZajah/cks+9TBZb2MZ8Wy9dVhDIAit6v/WJAxU4pUi/mm/+vPdqjf+RxpaM4Qzs mB9bB/G256WFPX5Zw+awY6N2n5uzrpUwg+V8fMCotrEBME2CD+iFFFX6j1P/RUtQ yWfERK3XwHGfd0dw3bFq+ck/DdPD1L75ePrDjWJ6wzSxhoP1+rBF051srpNHKFc8 ExPQT43SzKcft0q2vwweYROjAEhBa0xaQCXtwQH31UbbLAow6HAAwhl1xK4XF/c= =+BEI -----END PGP SIGNATURE----- ------------------------------------------------------------------------------ Flow-based real-time traffic analytics software. Cisco certified tool. Monitor traffic, SLAs, QoS, Medianet, WAAS etc. with NetFlow Analyzer Customize your own dashboards, set traffic alerts and generate reports. Network behavioral analysis & security monitoring. All-in-one tool. http://pubads.g.doubleclick.net/gampad/clk?id=126839071&iu=/4140/ostg.clktrk _______________________________________________ bitcoin-list mailing list bitcoin-list@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-list
