I'm surprised people would be talking about something so improbable.
It's kind of tough to purchase/acquire(?) hundreds of thousands of ASICs, spend billions in infrastructure and divert tens of GWs w/o anyone noticing; particularly so when you're bankrupt. Also — imagine what this would do to their narrative (chills).
Sounds like a statist wet dream.
Now what's a "CoinBase reward"?
Coinbase reward is the name of the coins that a miner receives when he finds a block.
First they where 50, then 25, then 12.5 and now 6.25 ₿ per block.
The trick is: these ₿ are “locked” till some time after finding the block. This is for a simple reason: sometimes competing blocks are found and briefly coexist before the weakest chain (with least POW behind it) reorganizes and starts to build on the strongest chain again. This is called a reorg.
Ahhh I am aware — in the industry it's more commonly referred to as block reward or block subsidy. I thought he was talking about the exchange ✌🏻
The USA government does not have to do anything in secret.
They just take over the mine and let the miners stay where they are.
Where did you get the idea from that they have to "move" them and it has to be "secret"?
If everybody panic sell the news about it, the USA government would be happy...not sad.
The USA government could attack any PoW blockchain 365 days a year with the "nationalized" miners.
