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Den Yellek 1 year ago
Is this not essentially the same thing? It has happened before and could happen again. "Marathon Digital Holdings’ (MARA) new mining pool has mined a bitcoin block that is “fully compliant with U.S. regulations,” meaning the company has started excluding transactions from entities it believes are sanctioned by the U.S. Department of Treasury or have been involved in dark web activity. The Marathon OFAC pool...“refrains from processing transactions from those listed on the U.S. Department of Treasury’s Specially Designated Nationals and Blocked Persons List (SDN)” to stay “compliant with U.S. regulatory standards,” according to the company. ... “By excluding transactions between nefarious actors, we can provide investors and regulators with the peace of mind that the bitcoin we produce is ‘clean’, ethical and compliant with regulatory standards,” Marathon said in a statement. "

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Did not know this... I guess the next step would be to rebrand bitcoin as UnitedStatesDigitalCurrencyCoin. A lot of shit starts to make sense now in BTC land. Fucking governments!
Den Yellek's avatar
Den Yellek 1 year ago
This is why decentralisation in mining is so important. Hopefully improvements are made such as those Ocean Pool is working on to allow miners to choose their own block templates rather than just blindly handing their compute over to the mega pools.
Found it: Well, I guess anyone involved in such dealings will be labeled "unlicensed money transmitters" View quoted note →
Den Yellek's avatar Den Yellek
Is this not essentially the same thing? It has happened before and could happen again. "Marathon Digital Holdings’ (MARA) new mining pool has mined a bitcoin block that is “fully compliant with U.S. regulations,” meaning the company has started excluding transactions from entities it believes are sanctioned by the U.S. Department of Treasury or have been involved in dark web activity. The Marathon OFAC pool...“refrains from processing transactions from those listed on the U.S. Department of Treasury’s Specially Designated Nationals and Blocked Persons List (SDN)” to stay “compliant with U.S. regulatory standards,” according to the company. ... “By excluding transactions between nefarious actors, we can provide investors and regulators with the peace of mind that the bitcoin we produce is ‘clean’, ethical and compliant with regulatory standards,” Marathon said in a statement. "
View quoted note →