Quote from: HmmMAA on Today at 05:47:50 AM

Well , seems that people will start to understand that "not your keys , not your coins" is just a myth . I think we are near to the point where "honest nodes" will start rejecting blocks mined by "dishonest nodes" .

Miners and nodes can do whatever they want, nothing changes the ownership over your coins.
Somebody denying you a service is not out of the ordinary, Foundry could simply mine empty blocks, Binance could not let you open an account, the other people might choose not to sell your single coin cause they don't like your eye color or your nickname, don't compare the protocol with personal business decision.

Quote from: alani123 on November 23, 2023, 08:12:17 PM

They're already losing out on fee revenue by excluding otherwise perfectly valid transactions from their blocks just because of OFAC.

ViaBTC loses one hundred times more money from running their accelerator, fees form some sanctioned address are not even rounding error numbers.

Quote from: Poker Player on Today at 04:04:25 AM

I see that this comment has been overlooked because no one has said anything about it. In my case I hope you are wrong, what I am afraid of is that it sounds quite plausible to me. I have long said that governments when they realized they couldn't stop Bitcoin focused on trying to control it and this would be an ultimate form of control. It goes along the lines of the legislations in progress to treat Bitcoin transactions as if they were banking transactions, so yes, unfortunately I see your vision possible, although I hope it doesn't end up being realized.

I hope too I'm wrong but seeing how Korea forced their exchanges to make withdrawal only to other KYC addresses and this has been going for a while, what stops other countries doing so, and from exchanges to miners and pools it's just a step and a new signature on a law. Yeah, one can hope but the problem is that I don't see a way out of it if enforced.

Quote from: Lucius on Today at 12:16:54 PM

We definitely need more decentralization when it comes to mining, but unfortunately it's just a good deal for most (right now), and if a better opportunity came along, they'd all dump Bitcoin overnight. Most miners do it only for profit, not because they support Bitcoin as a decentralized currency.

Well, running miners cost money, so , why should they do it for free?
Quite ironic, one one side we have small blocks cause it would be costly otherwise to run some 20 000 computers with 16GB of ram and a 8TB ssd, on the other hand we want decentralization and, let's see who will host 2 million 5Kw $10K machines.
Decentralization comes with a ....PRICE! Wink