Design of bitcoin: Difference between revisions

Wallets and similar software technically handle all bitcoins as equivalent, establishing the basic level of [[fungibility]]. Researchers have pointed out that the history of each bitcoin is registered and publicly available in the blockchain ledger, and that some users may refuse to accept bitcoins coming from controversial transactions, which would harm bitcoin's fungibility.<ref>{{Cite web |last1=Ben-Sasson |first1=Eli |last2=Chiesa |first2=Alessandro |last3=Garman |first3=Christina |last4=Green |first4=Matthew |last5=Miers |first5=Ian |last6=Tromer |first6=Eran |last7=Virza |first7=Madars |date=2014 |title=Zerocash: Decentralized Anonymous Payments from Bitcoin |url=http://zerocash-project.org/media/pdf/zerocash-oakland2014.pdf |url-status=live |archive-url=https://web.archive.org/web/20141014012438/http://zerocash-project.org/media/pdf/zerocash-oakland2014.pdf |archive-date=14 October 2014 |access-date=31 October 2014 |website=2014 IEEE Symposium on Security and Privacy |publisher=IEEE computer society}}</ref> For example, in 2012, Mt. Gox froze accounts of users who deposited bitcoins that were known to have just been stolen.<ref>{{Cite conference |last1=Möser |first1=Malte |last2=Böhme |first2=Rainer |last3=Breuker |first3=Dominic |year=2013 |title=An Inquiry into Money Laundering Tools in the Bitcoin Ecosystem |url=https://maltemoeser.de/paper/money-laundering.pdf |conference=2013 APWG eCrime Researchers Summit |publisher=[[Institute of Electrical and Electronics Engineers|IEEE]] |isbn=978-1-4799-1158-5 |archive-url=https://web.archive.org/web/20180626110754/https://maltemoeser.de/paper/money-laundering.pdf |archive-date=26 June 2018 |access-date=19 June 2019 |url-status=live}}</ref>

==References==