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I think this year we will see the first international orders to miners do not process some addresses and freeze that coins. I know a lot of here thinks, that it

by GBiT 7y ago

I think this year we will see the first international orders to miners do not process some addresses and freeze that coins. I know a lot of here thinks, that it's not possible, but bitcoin has only a few big miners. And if they will get orders they will have to comply or fight it in courts. It's not possible to mine anonymously, because you need hundreds of millions to invest into miners and a lot of power.

allovernow 7y ago
I imagine it isn't impossible to rent a warehouse under some shell company and fill it with mining hardware in a random non-us country without anyone knowing the owners' identities.
- GBiT 7y ago
  You can, but don't forget, that you have to by miners, get cheap electricity and if you want a result, you have to have major share of hash power. Other way you will not be able to include transactions if majority pools will not agree to include them too. Don't forget, that this pool should be part of criminal organizacion because I don't think any businessman will invest hundreds of millions of dollars and risk his mining operations shut down.
Canada 7y ago
Unidentified parties mine blocks all the time, so it's doubtful that blacklists sent to the well known pools would be effective. Are they just supposed to orphan mined blocks that contain blacklisted inputs or outputs? How can anyone reasonably be expected to comply with a demand to fork Bitcoin? Surely any pool that adopted such a policy would lose most of their members pretty quick. Same for any pool that leaves money on the table by deliberately excluding valid, profitable transactions.
- GBiT 7y ago
  You can say they will lose miners, but don't forget, to get a few percent of hash power you need to invest millions right now. it needs only 3 orders in USA, China and Europe and more than 51 percent of hash will be under order. Small miners will not be able to include, because of orphaning. I agree, that it's not easy process and its expensive.

by GBiT 7y ago

allovernow 7y ago

I imagine it isn't impossible to rent a warehouse under some shell company and fill it with mining hardware in a random non-us country without anyone knowing the owners' identities.

GBiT 7y ago
You can, but don't forget, that you have to by miners, get cheap electricity and if you want a result, you have to have major share of hash power. Other way you will not be able to include transactions if majority pools will not agree to include them too. Don't forget, that this pool should be part of criminal organizacion because I don't think any businessman will invest hundreds of millions of dollars and risk his mining operations shut down.

Canada 7y ago

Unidentified parties mine blocks all the time, so it's doubtful that blacklists sent to the well known pools would be effective. Are they just supposed to orphan mined blocks that contain blacklisted inputs or outputs? How can anyone reasonably be expected to comply with a demand to fork Bitcoin? Surely any pool that adopted such a policy would lose most of their members pretty quick. Same for any pool that leaves money on the table by deliberately excluding valid, profitable transactions.

GBiT 7y ago
You can say they will lose miners, but don't forget, to get a few percent of hash power you need to invest millions right now. it needs only 3 orders in USA, China and Europe and more than 51 percent of hash will be under order. Small miners will not be able to include, because of orphaning. I agree, that it's not easy process and its expensive.