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Author Topic: Major Flaw With Bitcoin??  (Read 5673 times)
TheoryOfBitcoin
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September 29, 2013, 12:07:34 PM
 #1

I have been thinking about Bitcoin and talking to my friends about it. One of them has pointed out something that I think might be a giant flaw. If you send money to someone, they don't have to accept it. What if you send some illegal stolen money? Like what if Al Qaelda decided to send you a few bitcents? You could be in jail !
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Raoul Duke
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September 29, 2013, 12:15:52 PM
 #2


Keldel
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September 29, 2013, 12:29:24 PM
 #3

Like what if Al Qaelda decided to send you a few bitcents? You could be in jail !

For what?... I fail to see the giant flaw.

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September 29, 2013, 12:31:11 PM
 #4

What if Al-Qaeda transfers a few dollars into your bank account?

Selling out to advertisers shows you respect neither yourself nor the rest of us.
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Too many low-quality posts? Mods not keeping things clean enough? Self-moderated threads let you keep signature spammers and trolls out!
Birdy
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September 29, 2013, 12:42:24 PM
 #5

Donate it to a good cause and thank them for doing something good with their money for once Roll Eyes

Or...send this money to everyone who wants to jail for this.
(tell them the brainwallet or private key -> they now own those Bitcoins xD)
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September 29, 2013, 12:48:03 PM
 #6

The even bigger question is, if you receive an incoming payment, how will you know it's from a terrorist group?

Further to that, how would one go about tracking down the owner of any BitCoin address (unless the owner voluntarily posted that information somewhere)?
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September 29, 2013, 12:53:06 PM
 #7

It is not a flaw, anyone can break into your house and put some money in your house, while you are sleeping Tongue

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TheoryOfBitcoin
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September 29, 2013, 01:00:25 PM
 #8

The even bigger question is, if you receive an incoming payment, how will you know it's from a terrorist group?

Further to that, how would one go about tracking down the owner of any BitCoin address (unless the owner voluntarily posted that information somewhere)?
The NSA can track it down. You may be arrested because you are linked to Al Qaelda
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September 29, 2013, 01:03:20 PM
 #9

The even bigger question is, if you receive an incoming payment, how will you know it's from a terrorist group?

Further to that, how would one go about tracking down the owner of any BitCoin address (unless the owner voluntarily posted that information somewhere)?
The NSA can track it down. You may be arrested because you are linked to Al Qaelda
No. The NSA is not a technology god. If these terrorists used TOR, they would be fine Cheesy And as said above, if for some reason Al Qaeda thought you a worthy recipient of their funds, why would they say "I'm a terrorist from Al-Qaeda, have money!".

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September 29, 2013, 01:19:23 PM
 #10

The even bigger question is, if you receive an incoming payment, how will you know it's from a terrorist group?

Further to that, how would one go about tracking down the owner of any BitCoin address (unless the owner voluntarily posted that information somewhere)?
The NSA can track it down. You may be arrested because you are linked to Al Qaelda
No. The NSA is not a technology god. If these terrorists used TOR, they would be fine Cheesy And as said above, if for some reason Al Qaeda thought you a worthy recipient of their funds, why would they say "I'm a terrorist from Al-Qaeda, have money!".


Al Qaeda could also sent you a normal letter via us postal and you get trouble  Cheesy

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September 29, 2013, 01:22:26 PM
 #11

It is not a flaw, anyone can break into your house and put some money in your house, while you are sleeping Tongue
+1
Feature of both houses and Bitcoin...not a flaw.

Hardforks aren't that hard. It’s getting others to use them that's hard.
1GCDzqmX2Cf513E8NeThNHxiYEivU1Chhe
markjamrobin
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September 29, 2013, 01:23:18 PM
 #12

The even bigger question is, if you receive an incoming payment, how will you know it's from a terrorist group?

Further to that, how would one go about tracking down the owner of any BitCoin address (unless the owner voluntarily posted that information somewhere)?
The NSA can track it down. You may be arrested because you are linked to Al Qaelda
No. The NSA is not a technology god. If these terrorists used TOR, they would be fine Cheesy And as said above, if for some reason Al Qaeda thought you a worthy recipient of their funds, why would they say "I'm a terrorist from Al-Qaeda, have money!".


Al Qaeda could also sent you a normal letter via us postal and you get trouble  Cheesy

Al Qaeda can come to your house and shoot you, but they probably have something better to do (or worse).

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September 29, 2013, 02:14:02 PM
 #13

CIA would be wondering why Al Qaeda isn't using their funds more wisely...scumbag Al Qaeda using tax payers money to purchase bitcoin and send to random people
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September 29, 2013, 02:49:40 PM
 #14

This was a good read  Cheesy

Bitcoin will show the world what hard money really is.
markjamrobin
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September 29, 2013, 03:10:56 PM
 #15

What if you are shopping at the grocery store and the terrorist in line in front of you pays for his Cherrios with a ten dollar bill. Then when you pay for your Fleet enema with a twenty dollar bill, you get the terrorist's ten dollar bill as change. The NSA can track Federal Reserve Notes, they have serial numbers! Now you are in possession of evil illegal terrorist money. You could be in jail getting your enemas from Jimmy the Tooth!

I think I found a huge flaw with Federal Reserve Notes!

Holy crap!! The world is going to hell. We're all terrorists.

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September 29, 2013, 03:20:22 PM
 #16

But, but his name is TheoryofBitcoin.

That by definition implies he's a deep thinker of sorts or at least has some greater insight into this complex problem called Bitcoin.

Ain't he?
markjamrobin
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September 29, 2013, 03:22:25 PM
 #17

But, but his name is TheoryofBitcoin.

That by definition implies he's a deep thinker of sorts or at least has some greater insight into this complex problem called Bitcoin.

Ain't he?

Or he does a lot of LSD Grin

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September 29, 2013, 03:28:47 PM
 #18

Not a flaw at all.
They could send you money via Paypal or something else as well.
Stephen Gornick
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September 29, 2013, 04:04:09 PM
Last edit: September 29, 2013, 06:26:53 PM by Stephen Gornick
 #19

What if you send some illegal stolen money?

Here's a scenario.   Politicians in the U.S. cannot accept campaign donations from foreigners.  So what if a politician has a static Bitcoin address for donations and then a payment arrives anonymously?  How does the politician know the funds did not come from a foreigner?

The solution to that is for the campaign to not use a static Bitcoin address but instead to issue a new Bitcoin address for each donation.  That way they at least they can ask for information identity that can be associated with each donation's Bitcoin address.

That doesn't stop someone from sending stolen funds, but it squelches the problem for the recipient in most instances.

Further, if the receiving of payments is a sensitive issue for you or your organization, what you can do is ensure that the person paying you maintains (or forwards to you) the payment protocol signatures on the payments they've received for the funds being sent to you.

The new Payment Protocol is a feature being added to the Bitcoin-Qt/bitcoind client (targeted for v0.9).  With it the party to be paid issues a payment request for each payment to come from the sender.    This way you can at least prove that the party sending you funds has an audit trail showing that the funds were truly sent to them (versus those funds coming from illicit source, such as if they snagged the money from a wallet obtained through malware, for example).

FAQ on the payment protocol
 - http://bitcointalk.org/index.php?topic=300809.0

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September 29, 2013, 05:09:54 PM
 #20

so these bad people would have nothing better to do than randomly send their money around?
just don't be providing any services to them. it's no different then them walking into mcdonalds and ordering a burger.
if them evil doers drop $100 on the ground and you pick it up now knowing who that $100 belong to does that mean you are bad yourself and breaking any type of law?

ok
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