I'm no expert, so please let me know if what I am suggesting is not possible. And what might be.
Is there anything stopping the Bit-Coin people from adding something to the algorithm of the bit-chain that 'tracks' it's every change of owner? Every transaction?
Imagine you checked your BitCoin wallet and a thousand dollars worth of Bitcoin appeared to have gone missing.
What can you do today? Well what if you could report that 'stolen' crypto-currency so that it was 'blocked' from further transactions, just like you'd 'block' your credit card?
And then you could 'track' the crypto-currencies 'last transfers'. The person who used the Bitcoin after YOU had last RECEIVED or mined it, could be identified as the thief, couldn't they? Or they could at least lead you to find the thief.
Now I realise this is probably the REAL motive behind the recent huge thefts of crypto-currency.
Because it would give the 'authorities' the power to track every transaction, and have a total 24/7 overview of YOUR every transaction.
And apparently BitCoin was first 'invented' to AVOID just this. To allow completely 'INVISIBLE' transactions. TOTAL privacy.
Which is the main criticism AGAINST BitCoin by many people. That it facilitates child sex traffic, child porn, illegal drug sales, illegal arms sales. Now I personally have NOTHING against the last two. Probably the ONLY way to retain the right to gun ownership is to be able to bypass any government restrictions. But the first two, and similar, like snuff films, are repugnant and abhorrent to me, just to make this clear.
So how about setting up a system which ONLY the Bitcoin top admin can access, and ONLY in the case of 'report of theft' of bitcoin by the last known owner?
Wouldn't THAT at least reduce the risk of third party access to the information by 'intelligence' agencies and other 'hackers'?
AT the same time as making Bitcoin much safer for users?
Please let me know if anything I just wrote makes sense. Or if I've missed the point entirely. I have almost zero technical understanding of Crytpo Currencies. I am a philosopher.
I would like to add as a footnote that I believe it was MOSSAD / CIA that stole the bitcoin, with the exact intention of pushing us towards a totally transparent transactions system which they could use to totally track our every move, and prevent us gaining access to any goods or services which they, as our tyrannical slave masters, didn't want us to have. Anything from books to ammo.
Go Vegan, For as you do unto others, so shall be done unto you
TROONATNOOR