> Bitcoins relative lack of privacy creates a problem with tainted coins > risking becoming unspendable, or spendable only with some users, or at a > discount. So while the policy coded says all coins are equally acceptable, > the information exists so people can unilaterally reject them, depending on > what the taint is. So far revocability hasnt reared it's head that I heard, > nor taint inspection too much? However people have the choice and technical > means to check the taint and send the bitcoins back.
a) Is there a paper detailing bitcoin traceability issues? Particularly when using various combinations of the often advised 'use different address for every transaction', 'wash coins', and 'use anonymity networks' privacy enhancement methods. b) People would be nuts to reject tainted coins on the current chain, or any chain. How many of the bills in your wallet passed through 'illicit' transactions? How would you feel if your payee's serial checker bounced yours, possibly forcing you to dispense with them through other, possibly illicit, means? What about a total blackball? Who's going to compensate you? How exactly do you roll that all back? And are you going to KYC and scour the lives of your every potential customer beforehand? What if someone has money to burn and blackballs a million notes for fun. A currency of common global adoption that you can't spend after some thieving crackdealer bought an onion off your garden stand isn't of much use to anyone, not even the purists who come up with such ideas. Specialized currencies in special markets, sure, maybe, all still fraught with the same dilemmas. But for a global common one? No. ------------------------------------------------------------------------------ AlienVault Unified Security Management (USM) platform delivers complete security visibility with the essential security capabilities. Easily and efficiently configure, manage, and operate all of your security controls from a single console and one unified framework. Download a free trial. http://p.sf.net/sfu/alienvault_d2d _______________________________________________ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development
