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Forcing a KYC on miners will trigger a hard-fork on the Bitcoin chain. It doesn't matter where miners keep mining, the end users are going to determine the stro
by csomar 5y ago
Forcing a KYC on miners will trigger a hard-fork on the Bitcoin chain. It doesn't matter where miners keep mining, the end users are going to determine the strongest chain (via price) and thus the KYC miners will either shutdown operations or move to a KYC-free environment.
- nootropicat 5y agoHard fork to what? Gpu PoW? That doesn't work in an adverse environment, considering it would start from zero (gpu mining is almost going to disappear after mining eth ends). In fact existing asic miners could easily rent enough gpus just to kill the new fork by not allowing any transactions. In fact when LukeJr made a threat of a PoW fork during the segwit activation drama, Chinese miners said they secured enough gpus to kill the fork when it starts.