I didn’t fully understand his argument.!
But I think he was saying the two largest mining pools can be enforced to push kyc which effectively would be some kind of state capiture according to him.
Discussion
Yeah, that's fair. Nothing keeping the miners on those pools though...and the pool operators can't control that...they don't want to lose the money they earn so would they comply with an order and drive everyone away?
Nah kyc I don't think it's possible. They can try and block some blacklisted and related addresses, good luck with that, other pools in other locations would mine those txs. Reminds me when MARA tried that and ppl sent tainted coins to MARAs coinbase address. Lmao.
Thank you for reminding me about that 😂