Post
Topic
Board Bitcoin Discussion
Merits 4 from 2 users
Re: OFAC-Sanctioned Transactions Being Censored
by
Z-tight
on 24/11/2023, 07:43:23 UTC
⭐ Merited by DooMAD (2) ,un_rank (2)
Well , seems that people will start to understand that "not your keys , not your coins" is just a myth
Not your keys, not your coins isn't a myth, if you don't control the keys to your funds, then they are probably not yours, and the service that controls it can do what they want with your funds. This case is more about censorship and BTC's nature as being censorship resistant, and for this to escalate into major problem, then most mining pools will have to encourage censorship, put their resources together, and if they have 51% of the hashrate, then they can 'control' the network.
I think we are near to the point where "honest nodes" will start rejecting blocks mined by "dishonest nodes" . There is a war incoming , and maxis haven't realise that yet . Their myths are falling one after the other apart .
Nodes reject blocks and tx's that do not follow the rules of the network and as as such invalid, that is what they have been doing since the inception of the network. There is no rule that forbids miners from 'selecting' the tx's they can add into a block, but it goes against the principles and ethics of the network as being censorship resistant.