Post
Topic
Board Legal
Re: Why haven't governments attacked Bitcoin miners as unlicensed auctioneers?
by
Jibdeen
on 24/08/2024, 21:11:14 UTC
Transaction fees can be thought of as an auction protocol where users bid on the unit cost for a block’s compute capacity. As in a first-price auction, people pays the highest unit cost for block capacity to get their transactions mined sooner.
 
I realized that auctioning requires a license in many jurisdictions. Why haven't governments attacked Bitcoin using this weapon? They could go after miners or full nodes (or even core devs).
Government didn't use that to attack Bitcoin because it helps in reducing the rate of unemployment and poverty we saw this during the pandemic many people loss their jobs,the lives of many people could have been miserable since then if not because they have bitcoins .so i don't see a reason why the government will attack such a thing cause it is beneficial to the government and its people,them attacking it will not make them gain anything instead they will make people be poor causing unemployment and many other problem that will arise.
  Government are suppose to focus on ways to make bitcoin more beneficial instead of attacking it.