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Re:The Ethereum Price Drop: A Fundamental Analysis by hudon on Tuesday December 11, 2018 @08:47PM (#18660698)
> But can they stop you from sending money there?

It's an easy to verify claim, and as far as I'm concerned it's the people making extraordinary claims that have to provide proof. If you want to prove this "censorship resistance" that you claim, please sign a transaction to an OFAC-sanctioned address and let's see how many confirmations it gets.

Re:The Ethereum Price Drop: A Fundamental Analysis by berberous on Tuesday December 11, 2018 @09:13PM (#18660831)
Wait, is your claim that:

1) Any sensible HN-reader is not going to want to personally send money to an OFAC-sanctioned address; or

2) That if someone were to send money to it, the network would fail to confirm the transaction?

Re:The Ethereum Price Drop: A Fundamental Analysis by hudon on Tuesday December 11, 2018 @09:18PM (#18660852)
I don't have a claim. I'm waiting for proof. Someone claimed that with Bitcoin, transactions cannot be suppressed or prohibited. That sounds like an extraordinary claim, don't you think? So we should require proof! Let's see if someone can actually use Bitcoin to bypass OFAC sanctions. Or is science immoral?
Re:The Ethereum Price Drop: A Fundamental Analysis by berberous on Tuesday December 11, 2018 @09:27PM (#18660897)
Well, you implied the network wouldn't confirm the transactions. I don't think that's accurate. Here's your proof:

November 28 press release announcing the two addresses added to the OFAC list: https://home.treasury.gov/news/press-releases/sm556

Blockexplorer for address 1: https://www.blockchain.com/btc/address/1AjZPMsnmpdK2Rv9KQNfM...

Blockexplorer for address 2: https://www.blockchain.com/btc/address/149w62rY42aZBox8fGcmq...

Note that both have confirmed transactions occurring after November 28.

Now, I of course have no interested in sending a transaction myself since that's illegal under U.S. law, but that does not mean the network itself can be censored.

(On a side note: how did you go from working at Coinbase to being such a crypto hater? I understand if you don't want to answer that, I was just genuinely curious.)

Re:The Ethereum Price Drop: A Fundamental Analysis by hudon on Wednesday December 12, 2018 @03:22AM (#18662255)
If you’re not willing to send money to an address because you’re afraid of the repercussions, you’re being censored.

I worked on crypto for many years and over time I realized meaningful problems were better solved by building trust, not running away from it. Further, tech can’t replace trust: humans own the network, not the other way around.