Bitcoin redlisting

Like paper money and gold before it, bitcoin and ether allow parties to exchange value. Unlike their predecessors, they are digital and decentralized. For the first time in history, people can exchange value without intermediaries which translates to greater control of funds and lower fees. Количество транзакций биткойнов bitcoin redlisting последние 24 часа.

FATF, civil society and private sector representatives met for a constructive discussion on key issues which included combatting de-risking, digital identification and crypto assets. The United Nations Office on Drugs and Crime hosted this annual event in Vienna on 23-24 April 2018. Europe: experiences, challenges and best practices. Workshop organised with the collaboration of MONEYVAL and OSCE. A blog about Bitcoin, Ripple, Crypto 2. So recently Mike Hearn proposed an idea of “redlisting” Bitcoins. Consider an output that is involved with some kind of crime, like a theft or extortion.

A “redlist” is an automatically maintained list of outputs derived from that output, along with some description of why the coins are being tracked. When you receive funds that inherit the redlisting, your wallet client would highlight this in the user interface. Some basic information about why the coins are on the redlist would be presented. Pondering this issue for awhile, I am reaching a few reactions and points for and against this issue.

First of all, it touches on one of rather important ideas of money – fungibility. In essence, implementing this system as proposed would constantly be reminding people that despite all money being equal, some money would be more equal than other. Money needs to be fungible to make payments fast, cheap and predictable. If it isn’t, then we start creating a market for trading bitcoins for bitcoins, euros for euros and so forth. Second problem raised by this concept is how one would track the taint. Bitcoin constantly mixes coins from multiple outputs. There are no singular Bitcoin bills one can track, bitcoins are more like cheques that spend whatever amount one wishes from the money one has.