Bitcoin SV will launch a blacklist manager to help miners freeze lost or stolen tokens to comply with court orders and help recover their assets.
The tweet announcing the new feature started with the analogy that when gold is stolen, it turns into lead, and when returned, it turns back into gold.
Imagine if gold was stolen and turned into lead. #Satoshi Nakamoto
we proudly announce #BlacklistManager The first software tool that enables #Bitcoinminers To comply with a court order freezing lost/stolen coins: https://t.co/j7Wyb7qi67 pic.twitter.com/a5M7bGMbgG
Bitcoin SV (@Bitcoin_SV_) October 5, 2022
Bitcoin SV He said the blacklist manager feature is consistent with the original Bitcoin whitepaper in that it works similarly to the now defunct alert system acting as a network messaging system.
Bitcoin SV Blacklist Manager
To enable blacklist managerBitcoin SV miner must install and run the program in conjunction with the node.
This system relies on a notary public who links miners to orders and freezes coins. The team described the role of the notary as being equivalent to that of the bailiff. In it, bailiffs are responsible, among other tasks, for maintaining courtroom security in a legacy world.
The notary works similarly to a traditional asset bailiff, translating legal documents into machine-readable form and broadcasting it to miners.
Essentially, the Blacklist Manager prevents frozen UTXOs from being written into transaction blocks. Miners who do not install the program risk falling out of consensus with the BSV chain, potentially causing blocks to be orphaned by the rest of the network.
Bitcoin SV says the feature will allow the rightful owner of a digital asset to exercise ownership rights if the token is lost or stolen. However, critics also say it makes BSV much easier to censor.
censorship controversy
The basis of Blacklist Manager relies on obtaining a valid court order. However, court orders do not always carry out justice in the interests of the people, nor do they even reflect moral judgments.
for example, court orderamong other tactics, was used against Canadian truck drivers in February to suppress rights to demonstrations over vaccine mandates.
Twitter user @bitmax He made his point by pointing out the lack of clarity about which jurisdictional courts can issue court orders granted by the Blacklist Manager.
What about sanctions lists like OFAC? Is it just the US list or is it the German, Russian and Chinese lists? What happens when a country hates competition and puts its competitor’s address on such a list Is not it. Or what if I get a court order to stop a competitor?
This is bad centralization!
Bitmax (@BitMax14) October 5, 2022
Furthermore, the current literature does not address whether notaries verify court documents and have fail-safes to avoid accepting and processing spurious court orders.
Remember, it’s a court order or “document of equivalent power”. They claim this is the document pic.twitter.com/Kmxj46l7Au
Void (leakage) (@Tak_Horigoshi) October 5, 2022
1 Twitter user I question Satoshi Nakamoto’s endorsement of the ability to block direct peer-to-peer transfers, not specifically at the request of a court.
