How realistic is this even? Didnāt most coins pass a non-kyc address when mined?
Discussion
When I look around most people telling me they hold bitcoin are doing it via a centralized KYCed service or they are using Strike or similar wallets that combine banks and bitcoin. So it doesnāt matter if they are non KYC at the beginning. ā¦ many corporate miners are KYCed too and if ordered they will try to ban addresses (which doesnāt work anyways) and filter transactions. If there arenāt enough non KYC miners that alternatively can mine them Bitcoin is basically just another censorable financial tool.
Maybe I am missing sth, but letās say btc is actually used as a MoE in the future more than SoV. If they are talking about blocking coins that āeverā passed a non-kyc address, I would guess that most of them did, either by early mining (lets say first 5-6y) or by just simple non-kyc addresses at some point, essentially blocking 90-95% of the ecosystem. which in that case, it would be closing the offramps and btc stays within its own ecosystem, no? Btw thanks for all your work, your book actually helped me on my journey.
Yes, that could happen.
Happy to hear that my book was helpful.