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by ggreer 1955 days ago
Ulbrich was never convicted of a violent crime. (Though plenty of evidence did show he tried to commit murder-for-hire.) He was convicted of money laundering, conspiracy to commit computer hacking, and conspiracy to traffic narcotics.[1] For this he was sentenced to two life sentences plus 40 years.

> Not to mention that all the major mining pools have voluntarily chosen to collaborate with governments on censoring the blockchain, etc.

What do you mean by this?

1. https://en.wikipedia.org/wiki/Ross_Ulbricht#Trial

1 comments

Sure, here is a great article by Juraj Bednar (close the slushpool people): https://juraj.bednar.io/en/blog-en/2020/11/12/how-could-regu...

BTW Juraj is a great source on anything crypto-related. And from what I now there has been no resistance from the pools so far (at least the EU/US-based ones, though in China it is probably even more difficult.)

That post explains how it might be possible for someone with 10% of mining power (and 100% of legal power) to block certain transactions. Nowhere in that post does it claim that such an attack has succeeded or that mining pools are collaborating with governments.
It is not an attack since by current market conditions there wouldn't be the need for an attack. The owners of the mining pools are not stupid and BTC is not an anonymous (and FREEEEEE whatever this means) currency these days. I hope we can agree on at least this fact.