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If the majority of validators adhere to OFAC regulations then your chance of getting a transaction approved that violates OFAC drops. Anybody can be a validator
by jcfrei 4y ago
If the majority of validators adhere to OFAC regulations then your chance of getting a transaction approved that violates OFAC drops. Anybody can be a validator but if the majority of validators choose to adhere to these rules then that's what you end up with. Crypto isn't successful because it creates some anarcho-capitalist alternative universe (though that was the initial impetus). And the die-hard bitcoin followers who believe so are slowly seeing their market cap falling below that of ether.
- stablefusion 4y agodie hard bitcoin followers want regulations and etfs. The cypherpunks aren't relevant in bitcoinland these days. In fact in a poll overwhelmingly 90% responded that they'd be willing to slash ofac validators if the need arises. The greatest strength of crypto is the ability to fork, and you'd see which one of those would be called 'ethereum' by some derivatives market before the event even happens