Bitcoin Could Become Illegal Almost Everywhere, After Shocking Discovery in The Blockchain

Thanks to Brant Nystrom, Laureate @ Lexmark International for sharing

This continues to line that “bitcoin” is of almost no interest. However, the underlying blockchain remains of serious interest to track transactions. There needs to be a way to separate blockchain technology from the silliness of ‘bitcoin’

The metadata included with entries in a blockchain record certainly can be “interesting”

One also wonders the purpose that RWTH purpose was to publish. They certainly appear to be interested themselves in the tech (blockchain) and,

  •  analysis of the Bitcoin blockchain has revealed this vast trove of data is irrevocably tainted with unremovable links to illegal child pornography    
    • Distributed among all users of the currency
  •  in addition to other questionable and possibly outlawed content stored within the blockchain hypothetically makes Bitcoin ownership illegal in almost every country that has laws against the possession and distribution of images of child abuse 
  • view of a team led by researchers from Germany’s RWTH Aachen University (never heard of this university 12th in world in ME and 53rd in tech [Wikipedia])
  • non-financial information can also be inserted into the blockchain by users on the system for bitcoin transactions
    • researchers uncovered more than 1,600 inserted files on the blockchain, over 99 percent of which are texts or images, including links to child pornography, copyright violations, privacy violations and more
    • can render the mere possession of a blockchain illegal
  • Potentially any technological system based around a user-manipulable (and permanent) blockchain could be susceptible to the same illegality (how’s this different from any other such tech?…facebook, twitter, etc)
  • 112 countries have ratified an optional protocol to the Convention on the Rights of the Child that makes possession of child pornography illegal
  •  some argue that mere links to illegal content should not be conflated with illegal content itself
  • will be up to courts and legislators to determine how to regulate Bitcoin and the problematic contents of its blockchain
  • Interpol identified this threat of illegal or dangerous (ie. malware) content being embedded in blockchain systems in 2015

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