Would you sign this contract?
Year 2034
BTC = 25 Million dollars
but...
51%+ hashrate compliant to fiat regulation
100% transactions via KYC
undeclared utxos get blocked by default
20% yearly penalty if you don't declare your utxos to your government
11% annual tax on your BTC holdings
8% if your custody is on a regulated exchange that does the paperwork for you.
I would’ve moves to a more favorable jurisdiction.
this is global. mining pools would start by filtering AML flags out of blocks.
they keep hunting down mining companies that and even get rewarded when they comply. they manage to take over 51% hashrste and since then, drop blocks that include invalid transactions. the rest of the miners either fork or start complying to prevent there blocks to be orphaned and become part of the problem.
If a pool started doing something like that hash would move en mass to other pools. Trivial to move hash. I don’t buy it.
Game theory dictates that there are always other players in the same industries (government, hash pools, etc) that are willing to offer more favorable conditions or terms to attract talent / capital from larger players who are taking advantage of their monopoly.
Fuck no!
Nop, without KYC probably it will go higher than 25M
No way!
Fo you see a future like that possible?
I can't answer in 2034 because I'm banned by the government for using my daily protein ration.
But the bugs will be so delicious we won’t care.
Yes because in my community we use non kyc
Bitcoin? I don’t know what you speak of. Never heard of it
MUERTE AL PUTO KYC!
Bitcoin nacio para que seamos SOBERANOS
