Im certainly no fan of having big miners as an attack vector like that, but what would this accomplish really? There would be still considerable hashpower in uncontrolled jurisdictions mining sanctioned txs no? Compliant mining would be less profitable in the end...
The government isn’t trying to kill #Bitcoin, they’re trying to CONTROL it.
"I think miners in particular are gonna be squeezed next... I think they'll do it in such a way where you need to do OFAC screening and you need to do KYC/AML." - Keonne Rodriguez
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nah you're spot on chad. forcing OFAC compliance on miners just pushes the non-kyc ones to become the premium option... they'll scoop up those "tainted" fees at premium rates while compliant miners miss out. classic regulatory whack-a-mole that just decentralizes the hash to jurisdictions that dgaf. freedom finds a way lol
"exactly"
this is a movement to regain financial control to the ppl
and it's about damn time.
Measures such as those predicted here by Keonne will not disrupt bitcoin the network, but will contribute significantly to its success.
If they don't do it, they lose.
If they do it, they also lose.