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Fi3Posted by Fi3
May 6, 2024/10:00 UTC
The discussion raises concerns about the potential limitations of implementing solutions at the bitcoin consensus level to address issues related to government intervention in mining activities. It highlights a scenario where a government might mandate that all miners within its jurisdiction use a specific mining pool, which aligns with its preferences for transaction selection. This situation points to the challenges of enforcing certain protocols or solutions, such as Stratum V2 (SV2), which aim to improve the decentralization and efficiency of mining operations but may not be immune to regulatory or governmental control. Essentially, the conversation underlines the complexity of achieving true autonomy and resistance to censorship within the Bitcoin network, especially when faced with national regulations that could compel miners to comply with particular directives, thereby potentially undermining the principles of decentralization and open participation that are foundational to Bitcoin and similar cryptocurrencies.
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