Issue #483: Old fashioned justice is the best justice
Don't mess with the bitcoin network.
In light of the laughable topic of conversation that reared its head last week after Binance's CEO posited a chain rollback in reaction to having BTC stolen from his exchange, I thought it was imperative to share this take. When an individual user or entity has a mental/technical lapse that results in the theft of their precious bitcoins, we should not punish the whole network for their clumsiness.
This is the right way to collect stolen funds. No need to break the protocol. https://t.co/aa6nn4aYyl
— dennis 🌱 (@pourteaux) May 14, 2019
Instead, we should rely on old fashioned detective work to track down the culprits of the theft and bring justice to those wronged. Disrupting the Bitcoin Network for something like this seems a bit like throwing the baby out with the bathwater if you ask Uncle Marty. Laziness is a killer and it would be a real shame if we ruined Bitcoin due to the fact that we were too lazy to roll up our sleeves and do some detective work in meatspace.
Trade wars, bullish
Presented without comment... Other then it seems like we're watching Bitcoin turn into a safe haven before our eyes.
So much for BTC being "risk on".
— Brendan Bernstein (@BMBernstein) May 13, 2019
Money is useful for the opportunity it confers on holders.
As geopolitical posturing and volatility increase, there's only one non sovereign, digitally scarce SOV to turn to.
h/t @LightCrypto pic.twitter.com/Nr2qfHGwk6
Final thought...
It feels like a Thursday. This week may never end.
