Cykros on Nostr: Not impossible, but that likelihood does seem to dwindle by the day. Writing a block ...

Not impossible, but that likelihood does seem to dwindle by the day. Writing a block or two to the chain is all well and good, but if a majority (or even a decent chunk) of blocks are OFAC compliant, it'd give the monetary system a case of "emphysema" in that it just wouldn't flow very smoothly for many players. While yes, they'll still find ways around sanctions, we don't need to re-create the SWIFT fiasco. China coming back online would help this fairly quickly, as would Russia ramping up their mining efforts (the nuclear plants certainly wouldn't hurt). Even Saudi could likely give us a run for our money if they simply turn their oil to mining bitcoin, rather than cutting production as part of their price regulation. If anything the US's lagging approach to implementing nuclear is the big hope I have that we can avoid such a bleak future. If anyone really tries to contend with us on energy production, they can win.