Hiding Stolen CryptoCurrency

https://www.zerohedge.com/news/2018-02-03/how-do-you-hide-stolen-cryptocurrency

CryptoCurrency uniquely identifies two things in the public ledger:  A transaction and an account.  A transaction is the identification of an action.  The account is the identification of a thing.  A second thing is required in the cryptocurrency system.  The third thing is a simple as identifying unique discrete units of currency with a digital serial number.

The unique discrete digital currency unit of exchange would exist in a separate public ledger documenting and validating the existence of total units of exchange in the monetary system.  The proposed system that I have frequently described in this blog.  Every transaction would express itself in two places:  The accounts of two transactors ( actually a single thing because it takes at least two to define a transaction).  The other place is the record of all uniquely serialized units of digital crypto currency in the monetary system.  All currency in all transaction accounts always equals the total currency in the crypto currency system.  Once cryptocurrency has been created it lives forever as a debt free unit of exchange in the monetary system.

The basic structure of the current cryptocurrency system defeats the unique identity of a unit of exchange (analogous to the serial number on a paper dollar bill with a variable associated value printed on it).  In the current ctyptocurrency system the equivalent of that paper dollar bill is a  piece of cryptocurrency is torn off a unit of the currency and traded in a uniquely identified transaction.

That is exactly the problem to be overcome to relate a change in ownership of a variable amount of cryptocurrency to the portion of a uniquely identified single unit (nominal value of 1 each). 

The end objective is to create a record relationship that would enable the identification relationship between a single whole unit (value of 1) of the cryptocurrency to all the owner accounts that own a portion of that unit.

It is a conundrum of a mutually exclusive state of being.  In the current crypto system is seems like it cannot be done.  On the other hand the current cryptocurrency system seems like the poster child that defies the concept "it cannot be done".  It is being done.

The problem is that there is not the third leg of a fundamental logical structure in which there are three things.  The same structure our natural language as well as our artificial languages and all things in the universe are built on.

They are built of the fundamental unique base of two things and an action implementing the relationship between them.  Two nouns and a verb.  More fundamentally a binary relationship of two things that are connected by an action (which is a thing but we call it an action) that is called "Time"

A single thing cannot exist without a binary relationship to another thing in the action domain of Time.  Unless of course we take the whole problem domain of existence to a different dimension but that is beyond the real world of time and space.  Where all is everything or nothing because there is not time.  I can't go there.  Some think they can.  Either way it is out of this world thinking and certainly beyond cryptocurrency.

The solution to the problem is to timestamp a transaction between to unique account entities as well as relate it to the variable amount amount involved as identified in a third record recording all current owners of a portion of the whole cryptocurrency whole unit of 1. 

In other words that is the exact problem of recursive relationship.  The relationship of the whole to the sum of its parts.  There is the key to knowing the relationship of everything.  Including the exact knowledge of the fractional cryptocurrency owning entity.

If all currency only has value to an owning entity that is ultimately a unique human being or a unique human being in joint ownership with two or more human beings then the problem domain becomes:::::.......

Who owns a piece of this specific "rock".  Collectively we all do.  Just a matter of dividing it up as a function of a system to do that.  All currency is savings at the instant of time (really small) that it is not within the infinitely small state of time it is "Spent" moving from one owner to another.