Description
TL;DR: A deliberately controversial experiment asking whether miners could enforce a distributed list of Bitcoin addresses whose coins should be rejected.
About This Document
Five pseudonymously credited students, guided by Johan Pouwelse, examine a regulatory system based on redlisting Bitcoin accounts. The paper discusses illicit use, stolen funds, fungibility, community opposition, partial adoption, and possible attacks before describing an implementation layered onto the reference Bitcoin software. Its future-work section acknowledges unresolved questions about response speed, evasion, fairness, and network stability.
Why Bitcoin People May Care
Redlisting reaches straight into Bitcoin's hardest arguments about censorship resistance, fungibility, miner power, and recovery after theft. The paper does not establish that its proposal is desirable or safe; it creates a technical object the debate can attack. Read it as a post-Mt.-Gox research experiment, not current regulation or a recommendation to alter Bitcoin consensus.
What You Receive
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Document Details
- Title: Operational Distributed Regulation for Bitcoin
- Author / organization: Dinesh, Erlich, Gilfoyle, Jared, Richard, and Johan Pouwelse
- Year: 2014
- Language: English
- Document type: Research paper
- Pages: 9
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