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Author Topic: Are bitcoins subject to confiscation?  (Read 49 times)
Greg Tonoski (OP)
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Today at 07:31:34 PM
 #1

There is the thread on the Bitcoin Dev mailing list:
Quote
Objection. The Bitcoin Improvement Proposal 110 (BIP-110 Reduced Data Temporary Softfork) has been activated. There are two blocks with the bit 4 signal (block height 961633) and the estimated 18 000 fully validating nodes in the network. I keep running such a node and accepting payments even if time interval between blocks is temporarily longer until the next difficulty adjustment.

(...)

I disagree. What do you propose as a justification for the 4 weeks and not another duration? Moreover, there are valid transactions, valid new UTXOs and the valid blocks. Would you suggest that they are subject to confiscation?
https://groups.google.com/g/bitcoindev/c/b_aV3JUtUqg/m/HwFbYFJwCAAJ?utm_medium=email&utm_source=footer

Is there a proper way to confiscate bitcoins, perhaps?
PrivacyG
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Today at 08:10:39 PM
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Objection. The Bitcoin Improvement Proposal 110 (BIP-110 Reduced Data Temporary Softfork) has been activated. There are two blocks
Thank you for making me laugh.

 
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Mia Chloe
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Today at 08:12:18 PM
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Is there a proper way to confiscate bitcoins, perhaps?
What exactly do you mean by confiscate actually? If you mean something like freeze coins on the network, I don't think it's really possible. Freezing of addresses like you seen chains like USDT TRC 20 and so on is actually a function of what centralization is about just like your Money can get frozen by regular banks.

Other networks that allow it have a consensus rule but even with a soft fork it's still not allowed. The freeze option you may find in some wallets only applies to that seed access in that wallet if I took that same seed to another wallet I'll spend it flawlessly.

athanred
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Today at 08:13:09 PM
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Are bitcoins subject to confiscation?
No, I have both BIP-110 and non-BIP-110 coins, properly splitted, and my BIP-110 coins reached a single confirmation.

non-BIP-110: https://mempool.space/tx/909b486928dc415d9b6613fcc70ccdbfb4d2f88516a040522365b95794774608
BIP-110: https://mempool.guide/tx/61ff0a1070b084d2601245056946480917a5f3efcb30fde082e7dafbd2b17158

If you want to buy/sell something between chains, then we can do a P2P trade, like people did in the old times. Nothing is confiscated, users can use any coins they want, using an altcoin is not a crime, no matter which coin you consider as an altcoin.
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