F2Pool, a significant Bitcoin mining pool, is censoring transactions related to entities sanctioned by the US Department of the Treasury, as highlighted by developer b10c's recent research. While F2Pool’s actions alone may lead to minor delays in transactions, a widespread adoption of such censorship by other mining pools would threaten Bitcoin's fundamental characteristic of censorship-resistance. The article argues that the legal pressures on miners and developers could drive this trend, making a case for the new Trump administration to intervene in protecting Bitcoin from such state attacks instead of pursuing other strategies like a Strategic Bitcoin Reserve.
F2Pool, representing ~11% of Bitcoin's hash power, is censoring OFAC-sanctioned transactions, raising concerns about the future of censorship in Bitcoin transactions.
If a majority of mining pools censor transactions and refuse to build on blocks that include them, Bitcoin might lose its censorship-resistant nature.
F2Pool's policy, while cautious, highlights the legal risks developers face; it underscores the tension between regulation and the ideals of decentralized finance.
The article calls on the new Trump administration to prioritize the protection of Bitcoin against state interventions rather than exploring a Strategic Bitcoin Reserve.
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