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Reason: None provided.

Nodes control the bitcoin network. Nodes run bitcoin clients, the largest of which is bitcoin core, but there are like a dozen popular clients.

The protocol changes over time, and enhancements are regularly made. From small changes to significant changes like SegWit and TapRoot. The "communities" that develop the popular bitcoin clients debate and come to a consensus on changes that will be accepted and implemented in all bitcoin clients.

All that is needed to add the ability to ban accounts is to have a major false flag that scares people enough, a call for emergency measures to implement a blacklist in the bitcoin protocol, and the bitcoin clients to agree to implement that blacklist. They would likely do it in such a way that it would use approved government lists (e.g. from FBI, CIA, U.N., Interpol, etc.).

Once a majority of the nodes on the network upgrade their clients to the newest version containing the blacklists, then instantly blacklists will become a thing. To me, the likelihood of this seems incredibly high. There are already plenty of rumors that Blackrock and Coinbase may join forces to push a fork that would move from proof of work to proof of stake, for example, so certainly a 9/11 style event could easily force something like blacklists.

The only recourse is to hard fork, and those opposed would need to maintain the bitcoin clients that do not accept the blacklists. In general, over time, only one fork will win, and that would probably be the one that is legally mandated in the emergency act of congress that would happen after the false flag.

Remember BCH? How are they doing now?

Similar things have already happened on Ethereum with Circle and USDC freezing TornadoCash accounts.

Not trying to doom and gloom, rather, pointing out that if you want crypto out of government control then you need to get involved, run nodes, build new blockchains or participate in alternatives, spread knowledge, and/or loudly advocate now before the false flags happen.

The idea that the ruling class would just allow themselves to be superseded, and not fight to the death to control any alternatives, is..well, that's not going to happen.

Start preparing and advocating and getting involved now.

40 days ago
1 score
Reason: Original

Nodes control the bitcoin network. Nodes run bitcoin clients, the largest of which is bitcoin core, but there are like a dozen popular clients.

The protocol changes over time, and enhancements are regularly made. From small changes to significant changes like SegWit and TapRoot. The "communities" that develop the popular bitcoin clients debate and come to a consensus on changes that will be accepted and implemented in all bitcoin clients.

All that is needed to add the ability to ban accounts is to have a major false flag that scares people enough, a call for emergency measures to implement a blacklist in the bitcoin protocol, and the bitcoin clients to agree to implement that blacklist. They would likely do it in such a way that it would use approved government lists (e.g. from FBI, CIA, U.N., Interpol, etc.).

Once a majority of the nodes on the network upgrade their clients to the newest version containing the blacklists, then instantly blacklists will become a thing. To me, the likelihood of this seems incredibly high. There are already plenty of rumors that Blackrock and Coinbase may join forces to push a fork that would move from proof of work to proof of stake, for example, so certainly a 9/11 style event could easily force something like blacklists.

The only recourse is to hard fork, and those opposed would need to maintain the bitcoin clients that do not accept the blacklists. In general, over time, only one fork will win, and that would probably be the one that is legally mandated in the emergency act of congress that would happen after the false flag.

Remember BCH? How are they doing now?

Similar things have already happened on Ethereum with Circle and USDC banning Tornado accounts.

Not trying to doom and gloom, rather, pointing out that if you want crypto out of government control then you need to get involved, run nodes, build new blockchains or participate in alternatives, spread knowledge, and/or loudly advocate now before the false flags happen.

The idea that the ruling class would just allow themselves to be superseded, and not fight to the death to control any alternatives, is..well, that's not going to happen.

Start preparing and advocating and getting involved now.

40 days ago
1 score