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122 sats \ 4 replies \ @anon 15h \ parent \ on: Privacy and Fungibility: The Forgotten Virtues of Sound Money econ
‘Tainted Bitcoin’ does not exist. It is a 100% complete utter myth. Anyone who says otherwise has not bought/sold bitcoin peer to peer, or used it to buy things (especially with lightning).
Privacy is another issue… and something that Bitcoin can struggle with. But in terms of fungibility all Bitcoin is the same.
How is that when they can shutdown addresses and stop transactions for those addresses? Each BTC or sat is identified as it is used and put on the blockchain, isn’t it?
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There is zero evidence they can ‘stop transactions’ with addresses. When the individual owns their own keys they own their bitcoin… no one can stop the transactions and there are tons of transaction miners could ‘censor’ and they dont. Its impossible to seize bitcoin you don’t have the keys for that’s the entire point.
Identified? So when a sat ‘moves’ from one part of the world to another… it’s identified? How? If I receive ‘sats’ in a lightning channel and you don’t know who I am… or where I am how can you trace the bitcoin??
It’s impossible.
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OK, I’ll take your word for it. I just wonder what happened to Ross’ BTC. Did he surrender them to the state by coughing up his keys? How did they track it down and take it away?