Coin Validation misunderstands fungibility and could destroy bitcoin

[spooderman]

What of the coin validation project now? I see that this thread "expired" at least 120 days ago. I'm hoping that the community is moving in the "fungible, anonymous 1 btc = any other 1btc" direction. But idiots keep coming out from under rocks that want to turn bitcoin into more of an Orwellian nightmare.

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[Carlton Banks]

The Mellon/Waters/Guo company has apparently dropped the idea. This is according to Matthew Mellon himself, in an interview with Max Keiser a couple of months ago.

That's not to say that someone else couldn't decide to do it. The idea of a commercial player doing so has too much negativity associated with it now, though.

[spooderman]

Great death to those who would destroy our currency of peace!

[Ragnarly]

There's still this guy.
http://www.reddit.com/r/Bitcoin/comments/241zk3/wouldnt_it_be_cool_to_have_a_centralized_service/

[jonald_fyookball]

As long as bitcoin code isn't changed, it's all good.  Let people create tracking services, labeling, etc. as outside layers looking at the blockchain.

you can't stop that anyway. (Blockchain already provides taint report)

Let the market decide if they will use those services.

[MarketNeutral]

The Mellon/Waters/Guo company has apparently dropped the idea. This is according to Matthew Mellon himself, in an interview with Max Keiser a couple of months ago.

That's not to say that someone else couldn't decide to do it. The idea of a commercial player doing so has too much negativity associated with it now, though.

I was unaware of this. Thank you for the update of this important topic.

[tspacepilot]

I'm also glad to see that sanity seems to be prevailing on the topic of coin validation/central authorities, etc.   Glad to hear the update, to be honest it had fallen off my radar which was not necessarily a good thing.