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.

Replies (11)

BTC_P2P's avatar
BTC_P2P 2 months ago
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.
BTC_P2P's avatar
BTC_P2P 2 months ago
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.
andycreed's avatar
andycreed 2 months ago
No way! Fo you see a future like that possible?
Heath's avatar
Heath 2 months ago
Bitcoin? I don’t know what you speak of. Never heard of it