If miners are "incentivized" by govs to allow only KYCed transactions to be included in the blocks well, game over. I guess they are already doing it to some extent. Read about it in a related note. I will try and find it.
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There will be new miners. China mines, Russia mines, Iran mines. Miners can migrate. In worst situation the network can fork..Decentralization of Bitcoin allows for this crazy game theory where no side will be willing to destroy it.
Found it:
Well, I guess anyone involved in such dealings will be labeled "unlicensed money transmitters"
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