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Author Topic: .gov seizure... could the community seize it right back?  (Read 753 times)
Rival
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October 14, 2013, 11:59:30 AM
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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?
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October 14, 2013, 12:02:18 PM
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Possible? Probably yes

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Of course, 51% would have to agree by updating to new clients
That is NOT how a hard fork work  Roll Eyes

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October 14, 2013, 12:17:07 PM
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Possible? Probably yes

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Of course, 51% would have to agree by updating to new clients
That is NOT how a hard fork work  Roll Eyes

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.

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October 14, 2013, 01:57:00 PM
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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.

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No. 51% can only make a Denial of Service attack.
It cannot send bitcoins to another wallet. You still need a private key to do that.
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.

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.

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October 16, 2013, 10:12:58 PM
 #5

Gabi, please elaborate.

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