Post
Topic
Board Bitcoin Discussion
Re: OFAC-Sanctioned Transactions Being Censored
by
alani123
on 24/11/2023, 15:19:37 UTC
Hard forking by completely ignoring perfectly valid blocks just because they include transactions by BTC addresses in the OFAC list would likely create a very big debate.
I don't want a debate. I don't want it to be up for argument, and whichever side shouts loudest wins. I want a permissionless, uncensorable, network.
That sounds ideal but by how bitcoin is currently structured, miners hold a lot of power over users that seek to make transactions.
So the debate would be around what avenues users have against miners that are actually enforcing censorship.

An outside party could argue that since miners know what transactions they are confirming, they are in a way contributing to "financial crime".
A tweet I shared above shows Adam Back has proposed a potential solution to this, but I haven't seen its potential drawbacks discussed anywhere to know if it's any good. Maybe now is the time to accelerate developing something like this.