If you think money laundering is a real crime, then you may not understand why I feel that way, but I do.Your credibility and reputation are permanently ruined, and you have probably damaged the Bitcoin Foundation - which might have done some good, whatever the naysayers believe - beyond repair as well.I am not someone prone to swearing, but this is astonishingly stupid and dangerous.
He grew up on a farm in Kirkland, WA and is the youngest of 9 brothers and sisters.Assuming that his extreme interest in pushing TaintCoins is because of some guiding principle of wanting to reduce crime is fucking absurd.
If you accept a payment from an address that is flagged you become flagged as well.Does he not understand that a move like that will destroy bitcoin over night.Tracking coins connected to crimes is the responsible thing to do, but going so far as endangering a coins fungibility, and dragging in impartial organisations like the Bitcoin Foundation is where the line should be firmly drawn.
The whole point of bitcoin is to have a friction less system, and tracking coins will eventually gum up the system.Posted on 12:00 pm January 17, 2016 Author JP Buntinx Categories Bitcoin, Opinion Tags bitcoin, bitcoin classic, Bitcoin XT, block size, Censorship, Development, Mike Hearn, Transparency.Every US merchant (for operating in a country which might impose such a system on them).The government would instead shoot themselves in the foot and make all those people angry maybe even releasing a blacklist of government coins.Blacklists and whitelists are fundamentally incompatible with decentralization and privacy in Bitcoin because the only way to make them effective is if tracking the flow of money through the system is possible.Since Bitcoin can not be frozen (as far as I know, right now) People can still decide if they like to follow a redlist or not.Whether or not such a threat ever existed, will remain unknown as Hearn jumped the gun and decided to force the issue by releasing Bitcoin XT.
That dust output post was completely OTT, and so I am inclined to distrust this one too.
A bit strange to call bc developer Mike Hearn a denier, and not at all relevant to my post you quoted, but a very elegant way to ridicule people capable of critical.Granted, China is a perfect location for manufacturing mining hardware and offers low electricity costs for mining.If a party takes power and start to redlist everyone from another party, those in that other party can simply chose to not care.I have been consistently impressed with the capabilities of modern mathematics and cryptography.
The block size debate needs to be sorted in the next few weeks, and more transparency between developers, users, and investors will be very beneficial to the overall ecosystem.With the loss of its revolutionary power, Bitcoin would also lose any advantage it has over fiat currency.Perhaps Mike has no intentions of pursuing this idea, but intentionally put out this fake memo for some twisted political game theory type move.I know this was only a discussion starter from Mike Hearn but even proposing this deserves a very strong reaction.The following two tabs change content below.BioLatest Posts Mike Hearn Mike Hearn is a Lead Platform Engineer at R3.
If you have a fairly powerful computer that is almost always online, you can help the network by running Bitcoin Core.