Bitcoin Forum
May 05, 2024, 07:15:11 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: BSV "blacklist manager" what could go wrong?  (Read 30 times)
larry_vw_1955 (OP)
Sr. Member
****
Offline Offline

Activity: 1050
Merit: 357


View Profile
January 23, 2023, 03:22:24 AM
 #1

https://www.coindesk.com/tech/2023/01/20/craig-wrights-blacklist-resembles-bitcoin-kill-switch-satoshi-never-followed-through-on/


Enter BSV’s blacklist manager, which, according to court documents, Wright's other company, nChain, had been working on all along.

“The first step of the digital asset freezing process is obtaining a court order or a document of equivalent legal force,” states a video explainer on the official BSV website. “The plaintiff commissions a ‘notary’ who can operate a ‘notary tool.’ The notary converts the court order into a machine readable format and transmits it to the mining network.”

This type of transaction is called a “confiscation transaction” and according to the video, the end result is that miners “will receive legal documents ordering the reassignment of misappropriated or lost assets and execute a transaction that transfers ownership of coins to their legally determined owner.”

I'm not sure Satoshi would have gone this far with his kill switch idea.  Shocked
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!