Wouldn't this also defeat the purpose of BitCoin in the first place? And by "pur... | Hacker News

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staktrace on June 14, 2011 | parent | context | favorite | on: Computer compromise leads to theft of bitcoins val...

Wouldn't this also defeat the purpose of BitCoin in the first place? And by "purpose" I'm referring to the whole "anonymous, untraceable" aspect of it. It's very much like cash - it's anonymous, yes, but also if it gets stolen there's not much you can do about it.

byrneseyeview on June 14, 2011 [–]

It would be nice to have that option. "Anonymous, untreacable, and un-recoverable, or not-so-anonymous, somewhat traceable, and recoverable."

Plus, I'd bet that you could create an onion router-style arrangement with multiple off-shore banks in different jurisdictions.

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