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Comment by blakesterz

I know soooo very little about crypto currency, but his idea here makes sense, at least to me, but what do I know. Is it possible to create a registry like this, or is this never going to work?

"Given bitcoin traceability and the ease of getting an injunction, one can imagine that it might make sense for insurers, bitcoin exchanges, and over-the-counter traders to build some sort of private "ransom registry". The moment that an insurer pays a ransom to a hacker, that insurer simultaneously announces the offending address to the registry. A verified OTC trading desk can now protect itself from potential bankruptcy by always checking the registry to make sure that any bitcoins offered to it are "good" bitcoins. Exchanges too would likewise cross-check incoming bitcoin deposits against the registry."

parent blakesterz 6 years ago

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