[iwontberude]

I think the unspoken rationale is that governments can compel you to destroy a market. Look at when the US seized all of the gold in May of 1933. Blackrock operates in time scales where this sort of risk awareness is relevant.

[npoc]

Sure. But how does a government, or even governments, compel bitcoiners all around the world to stop running a version of bitcoin core on their nodes (likely running over TOR)?

[iwontberude]

Well considering the feds have charged and sentenced people for the activity of their exit nodes (CSAM), to which tor project has no response, I wouldn’t bother with Tor.

I’m sure the feds could force funding attached to crypto accounts to be verified by a trusted version of the bitcoin network or they are not legal to trade. They don’t have to physically stop the mining or validation, just the on/off ramps and banks who use it as collateral.

[npoc]

> Well considering the feds have charged and sentenced people for the activity of their exit nodes (CSAM), to which tor project has no response, I wouldn’t bother with Tor.

I'm certainly not a Tor expert, but I don't think bitcoin nodes running over Tor require an exit node. Even if they did they don't need to be located in the US.

> I’m sure the feds could force funding attached to crypto accounts to be verified by a trusted version of the bitcoin network or they are not legal to trade. They don’t have to physically stop the mining or validation, just the on/off ramps and banks who use it as collateral.

We could debate the details on a per-nation basis, but ultimately it's pointless. Even if it is possible for a nation to completely suppress bitcoin use within its borders, there will always be some country somewhere that embraces bitcoin and value looking to be stored will always migrate to the best store of value (bitcoin), just as air moves to the lowest-pressure volume, bitcoin miners move to areas with wasted, unwanted energy and electrons travel to less negatively-charged parts of a circuit.