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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.