https://decrypt.co/117221/senator-warren-crypto-bill-kyc-self-custody-wallets
This new bill has some strange language. Essentially will require validators, so nodes/miners, to KYC. My question is, if this goes into place, is it even possible to enforce. Could the state mandate that miners KYC? I know they could not get control of the network, but if they forced a software update, such as a BIP, that included KYC and miners complied, would other nodes (such as mine running on umbrel) have to upgrade software to include KYC info or risk forking? I admit a general lack of understanding on this, so would like to hear from those who do understand.
Hongumart / hongumart
npub1ur…27fsl
2023-08-03 16:33:14
Author Public Key
npub1ur0506p6aupyraw2k93rjauxxx98m5x7ek0fdg4qvmrfgu90e9wqx27fslPublished at
2023-08-03 16:33:14Event JSON
{
"id": "412ab84c429fd7567484f32e02ae04e011b46cb24559c284bccea91973d418b2",
"pubkey": "e0df47e83aef0241f5cab162397786318a7dd0decd9e96a2a066c69470afc95c",
"created_at": 1691080394,
"kind": 1,
"tags": [],
"content": "https://decrypt.co/117221/senator-warren-crypto-bill-kyc-self-custody-wallets\n\nThis new bill has some strange language. Essentially will require validators, so nodes/miners, to KYC. My question is, if this goes into place, is it even possible to enforce. Could the state mandate that miners KYC? I know they could not get control of the network, but if they forced a software update, such as a BIP, that included KYC and miners complied, would other nodes (such as mine running on umbrel) have to upgrade software to include KYC info or risk forking? I admit a general lack of understanding on this, so would like to hear from those who do understand.",
"sig": "3c6e29b7e070307859ab0566295e09d56f2c35c324057ebcb6eb5fc2e18650960ed67fe8f735331aa8efbe7e25c0f714c2c9d591d5ae6af494009294cf413c40"
}