Re:Coinbase Wants to Be Too Big to Fail
by nradov on Thursday September 27, 2018 @11:20PM
(#18090743)
The government is perfectly capable of sending men with guns to forcibly censor or reverse your transactions. Blockchain technology can't stop that.
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Re:Coinbase Wants to Be Too Big to Fail
by Karunamon on Saturday September 29, 2018 @11:29AM
(#18100904)
I'd be willing to wager my life on the fact that the government, any government, lacks the ability, resource, and desire to muster the compute power necessary to reverse a single bitcoin transaction more than a few hours old.
The government doesn't need to waste time manipulating blockchains. They can simply seize your assets by force.
Re:Coinbase Wants to Be Too Big to Fail
by Karunamon on Monday October 01, 2018 @05:22PM
(#18116940)
Our government can't even stop people from distributing files containing data they don't like - what makes you think they can magically seize every single copy of a wallet that exists?
only if you let them.
An address could be kept anonymous with good op-sec. If you know that your actions are going to attract the ire of some people with guns, you will practise op-sec.
Whatever you say Mr. Secret Agent Man. I'm sure you're a real expert on "op-sec", much better than the FBI or Treasury Department.