Title: .gov seizure... could the community seize it right back? Post by: Rival on October 14, 2013, 11:59:30 AM Just curious here, but it seems to me that the community as a whole has control over what transactions are valid and which are not. Would it be possible to create a fork in the blockchain that contained a transaction from the .gov wallet that houses the seized Silk Road coins that send them to another wallet? Perhaps to bitcoin.org, or a charity, or to somewhere where it will do some good for the community at large.
Of course, 51% would have to agree by updating to new clients. But my question is not so much if we should try to do it, but rather if it is technically possible. Thoughts? Title: Re: .gov seizure... could the community seize it right back? Post by: Gabi on October 14, 2013, 12:02:18 PM Possible? Probably yes
Quote Of course, 51% would have to agree by updating to new clients That is NOT how a hard fork work ::)Title: Re: .gov seizure... could the community seize it right back? Post by: Ekaros on October 14, 2013, 12:17:07 PM Possible? Probably yes Quote Of course, 51% would have to agree by updating to new clients That is NOT how a hard fork work ::)Wouldn't this kind of transaction require a software support? But this sort of thing is very questionable. Where do we start from and where do we end. And what is chosen acceptable and what is not. Title: Re: .gov seizure... could the community seize it right back? Post by: Gabi on October 14, 2013, 01:57:00 PM Quote Wouldn't this kind of transaction require a software support? Yup, this is why it would be a hard fork. But it would not need 51% of anything, you would create Bitcoin2. Quote No. 51% can only make a Denial of Service attack. Wrong. You can go back in the blockchain and rewrite the block wich created the coins used in that transactions and have them mined by you. Since you mined them, you can send them to whoever you want. That is a 51% attack.It cannot send bitcoins to another wallet. You still need a private key to do that. But the OP was not speaking about a 51% attack but about a hard fork, wich would create Bitcoin2, exactly like we have namecoin, litecoin etcetc. Title: Re: .gov seizure... could the community seize it right back? Post by: peonminer on October 16, 2013, 10:12:58 PM Gabi, please elaborate.
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