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Ask HN: Why can't the ownership of Bitcoin be tracked?

3 pointsby jkdabout 12 years ago
Why can't the ownership of Bitcoin be tracked, so that even if it's stolen, nobody other than the owner can use it. If it is getting used, the ownership can be transferred from buyer to seller?

2 comments

dalkeabout 12 years ago
Out of curiosity, in such a scheme, who can authorize the transfer? Is it a court? In which jurisdictions? Bitcoin is meant as a decentralized scheme, and I can't think of how a "decentralized" and "forced transfer" are compatible, except if a majority of servers in the Bitcoin network agree on it.
unimpressiveabout 12 years ago
Can you propose a method of doing this that isn't bitcoin?
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