‘This Is an Enormous Heist’: Chris Hayes Sounds the Alarm on Republican Bill That Would Transfer $100 Billion to Bitcoin Owners
‘This Is an Enormous Heist’: Chris Hayes Sounds the Alarm on Republican Bill That Would Transfer $100 Billion to Bitcoin Owners
Chris Hayes broke down a plan by Republican legislators to transfer billions of dollars of taxpayer money to owners of Bitcoin in exchange for their holdings.
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Why is it legal to have the bitcoin block chain on your computer? I get that you didn't download it for the illicit material on it, and shouldn't be prosecuted for it, but once you know why are you allowed to keep it? I don't get arrested for buying a fancy bottle for a bottle collection just because it has coccaine in it, but the conversation then ends there every time I look for it. The police will make me get rid of the coccaine. If it can't without ruining the bottle, I guess I lose the bottle right?
Wut
I'm surprised I pissed off so many people but no one yelled at me or gave me a "what are you talking about" until now. Bit coin transactions allow you to put in additional information. Like a memo field on the check. Once on there they can never be removed as far as I know, without a branch. I get that what I'm saying it's only tangentially related, but government transactions will be on the same ledger as every other transaction. Do you know what people have written in that memo field? I've never seen an article denying that the images of child abuse found in the bit coin ledger were not there, just that people mining it aren't guilty because they have no intent to distribute, or that they are hard to access. Sometimes arguing that they are found in there like the number pi, but that's usually an inaccurate take, verging on disinformation.I'm also not aware of any news it was removed. I'm not sure how you would even do that, and I don't want to check myself. As far as relevance to this article, the government is trying to enter data into a book right next to photocopies of abuse images instead of doing anything whatsoever to stop people who are constantly redistributing them to mine the block chain. Let me know if I'm wrong and they actually removed them. I'd like to be wrong.
The blockchain is a very tight data structure. I do not think anyone burned millions of dollars just to store a low res image of child abuse into it
What you're describing is possible but highly improbable