Hongumart on Nostr: https://decrypt.co/117221/senator-warren-crypto-bill-kyc-self-custody-wallets This ...
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.
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.