« first day (1414 days earlier)      last day (2886 days later) » 

Murch
Murch
18:11
@cdecker: This is the answer that I'd be curios for you to have a look at: bitcoin.stackexchange.com/q/43700/5406
@LamonteCristo: Hi :)
LamonteCristo
LamonteCristo
18:35
@Murch Hey, just lurking... coding up a "new" Bitcoin
Murch
Murch
@LamonteCristo Sounds interesting, are you starting your own currency or do you mean another implementation?
LamonteCristo
LamonteCristo
Completely different in all ways
Diff crypto, diff algorithms, different distribution, different model...
Im sure you guys won't like it
It's intentionally not 100% anonymous. There is a distributed M of N set of keys given to government authorities who have the ability to seize accounts / hold, and track theft
but it does have universal basic income
And can be deployed within one "state" / country at a time, since it adheres to those laws.
Murch
Murch
@LamonteCristo Sounds like an interesting concept. Do you have a specific state in mind for deployment or is it a proof of concept?
@LamonteCristo Is there a mechanism to make use of such functions accountable? I.e. that there is a log of government agents tracking or seizing?
LamonteCristo
LamonteCristo
Focusing on US. Yes there is a log at each of the M of N locations. Each act independently, but should be able to be corroborated.
Working with DHS/NYPD and other fed/state contacts
Underlying goal is to fix our democracy.
Murch
Murch
@LamonteCristo Wow, that's visionary. :D
LamonteCristo
LamonteCristo
18:49
sorry about fragmentented thoughts, multitasking. Didn't expect to be here :)
Thank you
Murch
Murch
@LamonteCristo Competition is good for business. ;) Is it open source, i.e. visible somewhere?
LamonteCristo
LamonteCristo
Yes, all core crypto will be on Github, nuget, home-brew, etc. Working out some licensing negotiations to make this occur. I want a fully open license, some want more restrictive, etc.
If anyone reads this and is a "Bernie Sanders" fan in policy, and approach, would love to chat.
Also working with his team to call it a "Bernie Coin", but need to make the server more production ready. Using ASP.NET core for multi platform :)
.
Also, I'm looking for ideas on who the M of N parties should be for checks and balances to enact such tracing, or seizure
FBI / Judicial / civil liberty foundation, etc.
Murch
Murch
@LamonteCristo It should definitely include some judges. ;)
LamonteCristo
LamonteCristo
Right! Who would be the right balance of power in the US?
Need to identify the direct department and contact person for this.
Murch
Murch
@LamonteCristo Well, social democracy is fairly popular in Europe, and I've read into UBI before. What would you like to talk about? ;)
@LamonteCristo Mh, maybe DEA, FBI, Marshalls, several courts. It should require at least one from each the law-enforcement agencies or the judiciary side together to make it happen. I'm not sure that some civil liberty foundation would have the right structure or authority to be part of such a pool.
@LamonteCristo Actually Bernie would be considered fairly conservative in a lot of his positions here. ;)
LamonteCristo
LamonteCristo
19:03
Of course, I'm just throwing things out there. Glad to get the mental gears going.
Yes, we need to have a conservative basis, and a system to prevent illicit usages.
^why I said some people may not like this coin
 
1 hour later…
Nick ODell
Nick ODell
20:05
@LamonteCristo Sounds like an interesting idea. Personally, I think that civil asset forfeiture is already way too easy, and that allowing a purely administrative process to seize property is a bad idea: aclu.org/issues/criminal-law-reform/reforming-police-practices/…
e.g. the DEA, FBI, US Marshals all report to the Attorney General, so presumably he or she could just order those departments to sign off.
 
1 hour later…
LamonteCristo
LamonteCristo
21:11
@NickODell What would be a better system? Something that prevented payouts to police, where the seized assets simply can't be respent or transferred, or that the assets must go to a democratically chosen charity? Any other ideas?
Nick ODell
Nick ODell
21:51
@LamonteCristo Personally, I'm in favor of systems that deposit seized funds in the General Fund of the most relevant legislature. This does not remove the incentive to seize things to fund the police, but it blunts it a lot, because the additional funding is spread across the entire government.
LamonteCristo
LamonteCristo
@NickODell Interesting, I like it.
Nick ODell
Nick ODell
(PS. I forgot to ask: are you thinking of this system being used instead of CAF, or in addition to it?)
LamonteCristo
LamonteCristo
How does one correlate funds / seizures to legislature ?
What is CAF?
Nick ODell
Nick ODell
(civil asset forfeiture)
LamonteCristo
LamonteCristo
That is an interesting question, and my premise was focused on virtual currency. Expanding it to other assets could work, if locked into the blockchain. What system would represent this best? (ETH, Mastercoin, etc?)
unless you had other ideas
Nick ODell
Nick ODell
21:59
@LamonteCristo I mean, if there's a blockchain asset, and civil asset forfeiture is easier than the system this blockchain creates, can they use the civil asset forfeiture system instead of the blockchain seizure system?
is it can use, or shall use?
@LamonteCristo You write a statute saying "any funds seized or any funds gained from a settlement agreement the state enters into must either be used to compensate victims directly harmed or go to the General Fund."
There's an additional complication that the federal government can seize stuff too, and they share those funds with local LEO. Fixing that requires a federal law.
LamonteCristo
LamonteCristo
So re-imagining bitcoin:

If seizure means to take possession of an asset, but once possessed, the only options are to send X dollars back to someone "back stream" in the history of the transactions ... vs ... the general fund. And this can only be done if the original private key can't be found.
Nick ODell
Nick ODell
How would that work if you were seizing money used to buy drugs? I mean, you don't want the money to revert to the guy who bought the drugs.
LamonteCristo
LamonteCristo
The reversal would go from address A to any of the plethora of addresses that fed into it. It wouldn't be just one address, it would keep going backwards, into branches. Yes this would be logarithmic as the layers of Tx's are peeled away. Also, yes the victim will need to identify their sending address
Nick ODell
Nick ODell
How does that work with crimes that don't have identifiable victims? Say I pay Bob 5 blockchain tokens to buy some counterfeit currency. Nobody in particular is harmed; everyone who uses the currency I'm counterfeiting is harmed.
LamonteCristo
LamonteCristo
22:15
I don't get the use case... can you elaborate? (sorry multi tasking)
Nick ODell
Nick ODell
The use case is that the government is trying to prevent people from smuggling drugs and counterfeiting money. Typically, one of the tools they use is to seize any money that criminals have made, but if we require the seized money to go to victims, it seems like they can't seize any money in these cases.
NVM I misread your post above.

« first day (1414 days earlier)      last day (2886 days later) »