Replicated here for discussion:
http://www.forbes.com/sites/kashmirhill/2013/11/13/sanitizing-bitcoin-coin-validation/
This service is extremely dangerous as it undermines one of the key characteristics of Bitcoin as a MONEY: their complete fungibility. Further, since all Bitcoin transactions are public and pseudonymity given by opaque addresses is our ONLY financial privacy protection, services like this should be considered a direct and malicious attack on Bitcoin system.
I suppose the CORRECT response of the community should be to BOYCOTT any business that even remotely associates itself with this evil spynet.
This service is extremely dangerous as it undermines one of the key characteristics of Bitcoin as a MONEY: their complete fungibility. Further, since all Bitcoin transactions are public and pseudonymity given by opaque addresses is our ONLY financial privacy protection, services like this should be considered a direct and malicious attack on Bitcoin system.
I suppose the CORRECT response of the community should be to BOYCOTT any business that even remotely associates itself with this evil spynet.
+1
Did they lost their minds? They want to steal from legally obtained btc? Crazy, dangerous people.