The main point of it is, they cannot do anything to stop you from using your wallet.
They can’t halt only your wallet on the network.
They cannot prevent you from accessing your wallet either, unless they physically arrest you.
Please don't be dishonest, miners need only not include your transactions to ban you from the network, and if 51% of miners agree, you really have no recourse asides from trying to out-mine the 51%
Hahahaha you are actually retarded. Miners cannot ban a single wallet.
Also, transactions in BTC network…. Your transaction is combined with many other transactions within the block. The only way they could not include my wallet is to not mine the ENTIRE block, affecting everyone.
Marathon is not blocking transactions from specific wallets.
They are simply refusing the try to solve blocks with transactions inside from known bad actors.
Thats fine, it just means that there is more block rewards for the 99% of the mining majority that don’t care what is within a block, and will mine it no matter what.
You have got to remember, there is an over $100,000 reward to mine a block, someone will mine it. All Marathon is doing is saying they won’t mine for those blocks.
They are a mining investment company, they can decide if they do or don’t want to mine a block, they can’t enforce everyone else to not mine that block.
Edit: and one point to add to this, what Marathon is attempting to achieve is nothing more than a regulations and marketing ploy. Any “bad actor” they deem, could simply create a fresh brand new bitcoin wallet with zero historical data, and execute their transaction from that fresh wallet, and then marathon would be mining their transaction with no knowledge of who or what sent it.
meaning the company has started excluding transactions from entities
Marathon spokesman Jason Assad confirmed that the firm's first OFAC pool block censored some transactions
By excluding transactions between nefarious actors
And in your edit example, how would one go about funding a clean wallet without linking it back to oneself? Additionally, what if a hypothetical miner-governmental cartel made it a whitelisted type system, where one would need preapproval to transact, instead of disapproval.
A real argument for why to be wary of crypto has nothing to do with censorship.
The real worry is that in 50 years, quantum computing might be able to crack the encryption used by these blockchains today.
So over time, the encryption model MAY need to become more robust. That is the only real, logical, and maybe even probable, roadblock for crypto in the distant future, and I truly mean DISTANT future.
Please don't be dishonest, miners need only not include your transactions to ban you from the network, and if 51% of miners agree, you really have no recourse asides from trying to out-mine the 51%
Hahahaha you are actually retarded. Miners cannot ban a single wallet.
Also, transactions in BTC network…. Your transaction is combined with many other transactions within the block. The only way they could not include my wallet is to not mine the ENTIRE block, affecting everyone.
Your thoughts?
Marathon is not blocking transactions from specific wallets.
They are simply refusing the try to solve blocks with transactions inside from known bad actors.
Thats fine, it just means that there is more block rewards for the 99% of the mining majority that don’t care what is within a block, and will mine it no matter what.
You have got to remember, there is an over $100,000 reward to mine a block, someone will mine it. All Marathon is doing is saying they won’t mine for those blocks.
They are a mining investment company, they can decide if they do or don’t want to mine a block, they can’t enforce everyone else to not mine that block.
Edit: and one point to add to this, what Marathon is attempting to achieve is nothing more than a regulations and marketing ploy. Any “bad actor” they deem, could simply create a fresh brand new bitcoin wallet with zero historical data, and execute their transaction from that fresh wallet, and then marathon would be mining their transaction with no knowledge of who or what sent it.
Come on dude, did you even read the article?
And in your edit example, how would one go about funding a clean wallet without linking it back to oneself? Additionally, what if a hypothetical miner-governmental cartel made it a whitelisted type system, where one would need preapproval to transact, instead of disapproval.
A real argument for why to be wary of crypto has nothing to do with censorship.
The real worry is that in 50 years, quantum computing might be able to crack the encryption used by these blockchains today.
So over time, the encryption model MAY need to become more robust. That is the only real, logical, and maybe even probable, roadblock for crypto in the distant future, and I truly mean DISTANT future.