The Alert key allowed the freezing on UTXOs in 2010
The capability can be applied. What you are not being told is that it doesn't require any hard forks or soft forks or anything for that matter.
The ability to freeze bitcoin has nothing at all to do with the economic actor's core keep talking about. The code is even in Luke Dashers version of core.
Doesn't matter how you apply it, only nodes a.k.a. miners matter here and those who don't follow it become legal targets
so, the irony is that this applies to every single Blockchain that can ever be developed and that there is no way to remove this capability
the entire attack has been one of social media and lies. It does not matter that you have UASF or don't agree or kick up a stink or say that the exchanges don't agree or that local user wallets don't agree or the core full wallet crap thing doesn't agree
you cannot have a Blockchain without this capability
I have stated before that ledgers are updated by appending records.
There is nothing in bitcoin that does not allow this. As a micro payment system it becomes too expensive. The cost of recovering stolen money will start with lawyers fees and anything less than US$50,000 will be impossible to justify
However, when you're talking about larger amounts and UTXO's it becomes simple to also alert individuals to this action. The nature of the Blockchain is such that a message can be nearly instantly broadcast to the entire network and all users would be able to download this next time they check a transaction.
One of the requirements for money to be fungible in law is an exchange of goods and services for consideration without knowledge.
And without knowledge is key. If you have a reasonable expectation of knowledge such as by using alert key system to send a message to the entire network or even that you send a message to the network that is not signed but links to a page which shows the information, this is sufficient for a court
After that, even if the UTXO can be moved it will then be tainted and no longer fungible as every recipient will know that this could be seized at some time
The necessity is to keep records. Those who have been hiding and not paying taxes will never be able to do this. Those who have filed records and receipts with the tax office in their jurisdiction and paid any capital gains that are due to the entity being recorded or any income tax or anything else required under law will be fine
My problem was going to the tax office and telling them how it would make the tax department more streamlined and that they would need less overhead with staff
At times I forget that people like to protect their obsolete useless government departments
CSW
Jan 20, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1611160499359500?thread_ts=1611160499.359500&cid=C5131HKFX
https://t.me/CSW_Slack/1966
The capability can be applied. What you are not being told is that it doesn't require any hard forks or soft forks or anything for that matter.
The ability to freeze bitcoin has nothing at all to do with the economic actor's core keep talking about. The code is even in Luke Dashers version of core.
Doesn't matter how you apply it, only nodes a.k.a. miners matter here and those who don't follow it become legal targets
so, the irony is that this applies to every single Blockchain that can ever be developed and that there is no way to remove this capability
the entire attack has been one of social media and lies. It does not matter that you have UASF or don't agree or kick up a stink or say that the exchanges don't agree or that local user wallets don't agree or the core full wallet crap thing doesn't agree
you cannot have a Blockchain without this capability
I have stated before that ledgers are updated by appending records.
There is nothing in bitcoin that does not allow this. As a micro payment system it becomes too expensive. The cost of recovering stolen money will start with lawyers fees and anything less than US$50,000 will be impossible to justify
However, when you're talking about larger amounts and UTXO's it becomes simple to also alert individuals to this action. The nature of the Blockchain is such that a message can be nearly instantly broadcast to the entire network and all users would be able to download this next time they check a transaction.
One of the requirements for money to be fungible in law is an exchange of goods and services for consideration without knowledge.
And without knowledge is key. If you have a reasonable expectation of knowledge such as by using alert key system to send a message to the entire network or even that you send a message to the network that is not signed but links to a page which shows the information, this is sufficient for a court
After that, even if the UTXO can be moved it will then be tainted and no longer fungible as every recipient will know that this could be seized at some time
The necessity is to keep records. Those who have been hiding and not paying taxes will never be able to do this. Those who have filed records and receipts with the tax office in their jurisdiction and paid any capital gains that are due to the entity being recorded or any income tax or anything else required under law will be fine
My problem was going to the tax office and telling them how it would make the tax department more streamlined and that they would need less overhead with staff
At times I forget that people like to protect their obsolete useless government departments
CSW
Jan 20, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1611160499359500?thread_ts=1611160499.359500&cid=C5131HKFX
https://t.me/CSW_Slack/1966
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