This is interesting: I just realized, the theif can't spend this money for ANYTHING at ANY point in time!
That address will be tracked by a hundred people for all future, I'm writing a system for this NOW.
Basically, he has BTC but as soon as he spends them, he will get caught!
Edit: Can someone point me to threads about this fact OR prove me wrong!
YOU CANNOT STEAL BITCOINS!
Rupy come on, you've been here since 2011 and you don't know about PPS or how stolen coins can't be tracked? All the thief has to do is collect the coins, use a mixing service or even an exchange and they'll never be tracked again.
I wonder if the developers are making any headway into blacklisting addresses or would that defeat the anonymity of BTC?
As per discussions that have been around (and I've been part of some) black listing addresses is not an option.
The problem is simply that someone is then given the power to decide what addresses are black listed.
Who should be given power to control BTC? No one.
It's even worse when you consider what it means for the average person.
If I have 10BTC stolen can I then go to this 'power' and ask them to blacklist the target address?
Of course not - since we then have the issue of who is right and who is wrong - that again someone will be given the power to decide.
So basically it becomes a power to be used either for those with a lot of BTC and well known, or those who are also considered 'powerful' in the BTC world.
It's called give central control of BTC to a few people - which is of course a very bad thing.