News for hackers. Stuff that matters.
Re:The political case for a blanket cryptocurrency ban by blake1 on Wednesday March 31, 2021 @04:56PM (#26653088)
Government agents show up at the data center and confiscate the servers in the mining pool. The coerce the owners into turning over the login credentials.

Or they just deploy their own mining pool.

Or the just tax all of their citizens’ cryptos.

They have lots of options, since they have the power of the state behind them.

Re:The political case for a blanket cryptocurrency ban by dnautics on Wednesday March 31, 2021 @04:59PM (#26653120)
Why wouldn't the network soft fork?
Re:The political case for a blanket cryptocurrency ban by hudon on Wednesday March 31, 2021 @05:42PM (#26653502)
If stakeholders can manipulate the network to ignore a chain with more work, you’ve kind of undermined the whole proof-of-work thing and conceded that Bitcoin is ultimately subject to politics just like any other financial system.
Re:The political case for a blanket cryptocurrency ban by tubbyjr on Wednesday March 31, 2021 @06:58PM (#26654232)
Semantics, semantics, semantics, that's all your arguments are.

Soft and hard forks are a defensive mechanism against 51% attacks, essentially making them an always losing proposition outside of the immediate-term where the attack is occuring, because the attacker has to expend so much money, and then a simple code change could revert it, which would likely happen in consensus for the network if such a malicious attack would occur. Hence, no rational actor will likely even consider a 51% attack.

Re:The political case for a blanket cryptocurrency ban by snarf21 on Wednesday March 31, 2021 @05:19PM (#26653317)
China can rinse/repeat on any soft fork. There is also the ability to block crypto networks at the ISP level.
Re:The political case for a blanket cryptocurrency ban by c0achmcguirk on Wednesday March 31, 2021 @07:01PM (#26654262)
That's an awful lot of work to perform a double-spend. Whoopty doo.