Digital Asset Recovery
Blacklist Manager
The purpose of this operations guide is to describe how to deploy and maintain the tools that manage frozen digital currency on the BSV blockchain.
A law court may decide to freeze or unfreeze digital currency and instruct a Notary to create a digital court order identifying the affected digital currency.
For an overview of the process in use when the system is fully deployed, see the section Overview. For a description of the system, see the section Components. For the installation and configuration of the tools, see the section Installation and Setup.
It is the miner’s responsibility to agree and implement the digital court order.It is not possible to spend digital currency frozen by an agreed freeze order. Frozen digital currency can be unfrozen by an agreed unfreeze order. A high-level overview of the system is available in reference 1.
For an overview of the process in use when the system is fully deployed, see the section Overview. For a description of the system, see the section Componentsupdate. For the installation and configuration of the tools, see the section Setup.
Target Audience
This document is intended for miners who manage digital court orders using a DARA Tool and Bitcoin Association’s Blacklist Manager interacting with their mining nodes.
Every miner should run Blacklist Manager to avoid forking the chain.
Dependencies
Tool Operators
A trust relationship must be established between the Notary and the miner using Blacklist Manager.
The miner running Blacklist Manager will probably have to be vetted by the Notary running DARA and vice versa before the DARA URL, client API key and Signatory’s public key, and any compromised Blacklist Manager signing keys are sent to the other party.
Tools and the Law
A law court order must be issued by a recognized law court for freezing or unfreezing digital currency.
That must be converted into a digital court order which is distributed to all miners using these tools before it can be implemented.
Assumptions/Constraints/Risks
We assume that the proposed model is appropriate in most jurisdictions.
We assume that this model is capable of handling operations going awry.
We assume that most miners will be responsible, obey the law and accept instructions from a Notary.
There is a possibility that some miners may not enforce the frozen or confiscated digital currency, and this may cause a fork in the electronic ledger. Since this is normal behaviour for digital currency, the longest chain will prevail after a few hours.
We assume that there will never be more than a few thousand descendants for a single court order.
Legal Notice
The purpose of this document is to provide technical and procedural guide for the operation of the Digital Asset Recovery Blacklist Manager Tool, for the purpose of freezing and unfreezing of digital assets. All material in this document has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, legal advice. Any promises, assurances and representations made in this document are intended for illustrative and information purposes only and should not be relied upon as legally binding warranties or representations. Users of the Blacklist Manager Tool should seek independent advice with regards to the use of the Blacklist Manager Tool for the purpose of freezing and unfreezing of digital assets.
Feedback and Support
Contact support@bitcoinsv.io for queries on documentation.
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