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98 sats \ 16 replies \ @Rothbardian_fanatic OP 5 Jul \ parent \ on: Privacy and Fungibility: The Forgotten Virtues of Sound Money econ
Only if you can begin using the “tainted” coinjoined coins, which, to my understanding are being blocked from being used. You lose everything else. Do you call that winning?
‘Tainted Bitcoin’ does not exist. It is a 100% complete utter myth. Anyone who says otherwise has not bought/sold bitcoin peer to peer, or used it to buy things (especially with lightning).
Privacy is another issue… and something that Bitcoin can struggle with. But in terms of fungibility all Bitcoin is the same.
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How is that when they can shutdown addresses and stop transactions for those addresses? Each BTC or sat is identified as it is used and put on the blockchain, isn’t it?
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There is zero evidence they can ‘stop transactions’ with addresses. When the individual owns their own keys they own their bitcoin… no one can stop the transactions and there are tons of transaction miners could ‘censor’ and they dont. Its impossible to seize bitcoin you don’t have the keys for that’s the entire point.
Identified? So when a sat ‘moves’ from one part of the world to another… it’s identified? How? If I receive ‘sats’ in a lightning channel and you don’t know who I am… or where I am how can you trace the bitcoin??
It’s impossible.
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OK, I’ll take your word for it. I just wonder what happened to Ross’ BTC. Did he surrender them to the state by coughing up his keys? How did they track it down and take it away?
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In other words: stolen by the state! FTS
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That is also why they don’t allow competition!
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I think the taint is BS, too. However, when they are blocking and freezing ”tainted” accounts, the BTC cannot be moved around. In other words, the exchanges are working as arms of the state! Now, to find a way to get amounts of BTC off of the exchanges and in circulation anonymously.
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That is good news. Are you sure that there are no accounts? Isn’t an address the same thing as an account, only with a different name? Can’t they freeze addresses?
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Yes, I am sure.
Recommended reading:
Can’t they freeze addresses?
No. This is why we say "not your keys, not your coin", and as long as "they" don't have the key, it's not their coin.
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Yes, but have they made it impossible for you to access your address? If they have, then it is the same as a confiscation.
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How would that be done? That's what the "Axiom of Resistance" is about.
There is no mechanism for it except everyone, including all the lottery bitaxes, not resisting the order, not even if you offer 1BTC fee. Until today, no one has succeeded in forever - or even for a day - subverting all the miners.
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Don’t think all of the miners could ever be suborned by the state, ever! Ross must have coughed up the keys.