Have coins been confiscated? I understand the concern of the association policy, but I’m not convinced that an alert would actually be honored. Any such action risks a spilt and has real potential cost to miners
327 198 sat
Post by Kurt 🦧
Yes. We showed the BSVA policy to our attorney, and he said it could only be honored if it was domesticated to a Florida court order, and coordinated to the jurisdictions of every other mining operation.
This is a very high threshold, and the process would apply just as much to BTC as to BSV.
In fact, the protocol is fully functional on any bitcoin-based network.
So, it's a super outside possibility that it ever gets used, and if it ever did, the precedent applies just as much to any bitcoin-style chain as it does to BSV. @51413
What the chain says
- Block
- 960 016
- Time
- 2026-07-29T21:13:38Z
- Signer
- 1JhKv5bs1wpHRYFAQS4qF5zhKfAnXAy2UL
- App
- twetch
- Type
- reply
- Content type
- text/markdown
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1JhKv5bs1wpHRYFAQS4qF5zhKfAnXAy2UL UnverifiedReplies (3)
Wen twonksuit?
654 932 sat
I think co-ordination in the future, at scale, is inevitable. Even between countries. So I think confiscation/reallocation is inevitable at scale, in the future.
I also think that's a good thing, because again, I'm leaning heavily towards "Bitcoin without confiscation is an existential threat". Criminal networks, etc..
Better to have confiscation than risk billions of deaths (Yes, I think this might be possible and has been predicted, with non-confiscatable Bitcoin).
327 600 sat