Quote from: d5000 on December 16, 2022, 01:56:08 PM

The recent discussion about some politicians wanting to introduce KYC/AML requirements for miners (which I of course do hope will never come, in no country of the world) brought me to think about the censorship problem, i.e. the dangers of miners blacklisting certain UTXOs or addresses.

Miners require massive amounts of power, any miners not being part of a mining pool in regulatory-compliance.
Can have their power cut and be charged as a money launder after a few new laws are added.

https://bitcoinmagazine.com/business/new-north-american-mining-pool-bets-on-region-and-regulatory-compliance

Over 51% of btc hashrate is controlled by only 3 mining pool operators,
they can be arrested for money laundering and have any ip addresses they use blocked by the ISPs that conform to government regulation.

Not to worry, as I expect proof of work networks to be banned worldwide by 2025 before global KYC/AML controls the BTC mining pools.