Ethereum now under US control? 99% of latest relay blocks are censoring network

Re:Ethereum now under US control? 99% of latest relay blocks... by mule1 on Thursday October 27, 2022 @12:24AM (#33353084)

I'm not sure I agree with that rhetoric. There are many countries around the world who see the US as a fascist entity who has bombed the shit out of them imposed economic sanctions and destroyed their way of life. As an American I see economic freedom as intrinsically good and what the founders would have always wanted. I do not see our particular set of OFAC rules as democratic neither our economic hegemony as something we need to accept as morally right.

I am not against that set of rules, especially for the legacy system, but it's not on blockchain devs to comply.

We will have to let our legislators decide. Starting to see a good amount of bipartisan support for reasonable regulations (in the eyes someone who is pro crypto). And whatever they decide it will prove the true strength of a blockchain if it can resist censorship. For example, if they choose to make Coinbase comply with OFAC on an attestation level the system should be able to deal with that through social slashing etc.

[ Parent | on HN ]

Re:Ethereum now under US control? 99% of latest relay blocks... by SilverBirch on Thursday October 27, 2022 @12:19PM (#33359872)

Sure, absolutely, there are people out there who watch women in Iran get murdered for not wearing a Hijab, or watch the people of North Korea starve to death under a totalitarian dictator, and say "Yeah but the US isn't good either" and they're wrong. There is a bright clear line here, the US is a democracy with real institutions for holding the government to account, and the entities on the OFAC list aren't. If you want to support the totalitarian regimes of North Korea and Iran against the interests of the US fine. But let's call it what it is, you're providing aid to the enemies of freedom and democracy.

[ Parent | on HN ]