Despite Tornado Cash fiasco, Bitcoin SV launches ‘Blacklist Manager’ tool

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.

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.

Furthermore, the current literature does not address whether notaries verify court documents and have fail-safes to avoid accepting and processing spurious court orders.

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.

Posted In: Censorship, Technology

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