people dont report there transactions. brokers do.
people moving their own money does not make them a broker.
an accountant auditing your account is not a broker. a retailer receiving your money is not a broker

a broker is someone that has custody of your funds on your behalf and then moves funds for you and does it for a fee

banks. escrows, remitters and such

this broker thing is not the same as a income declaration you do to the IRS where you have to report yearly value and report large income streams.

this broker rule is about businesses operating a service to take responsibility of funds for other people and move them on behalf of other people

the broker report is a separate thing to the self assessment irs report(something oeleo is confused with and cant tell the difference of)

citizens do not become brokers simply because they handle more then $10k
bitcoiners do not become brokers simply by writing some code or using an asic or running a node

blockchains are just about header data.
blockchains can still function without any transactions (research empty blocks)
 
any blockchain developer can put in any 'user data' below the header data. it does not have to be transactional, nor need to be using any of the bitcoin tx format rules. so not all blockchain developers need to know.
 
unless you mean bitcoin forkers.. .. but um.. they are not really blockchain developers. they are just copy/paster script kiddies

unless you mean crapcoin makers using bitcoin 2009-201X source code..

either way. topic title needs an edit

1.
a miner does not take responsibility of assets on behalf of another person
as thats called custodianship

please actually get a screw driver open up an asic and please try and find the hard drive that stores keys or even blockchain data or even transaction data...

oh look there is no hard drive or memory store for this..
hmm seems i mentioned this before to oeleo and he has simply been ignorant.

a miner does not take responsibility nor does any transfer.
a miner just hashs a block ID

2. there has not been multiple attempts IN THE HOUSE and senate.. because if there were. the wording would have been redefined. because they are the ones to do it.(its either a yay or nay).
what you will find is that alot of the twitterverse of emotional social media people campaigned TO the representatives of the house/senate. because the twitterverse/redditers were kneejerk reacting to a guy that didnt know better ..
its much like how twitter campaigned that the world is flat and that trump won 2020

3. to emphasise again
no miner takes responsibility for other peoples funds nor does a miner process a transaction.
if oeleo can prove otherwise he should provide the chips manufacturing reference number, the firmware and the software that has anything related to transactions, public and private keys of other peoples funds
i shall wait for his "proof"

4. oeleo is(secretly contradictory) not afraid of bitcoin full node/miner/dev users being deemed brokers. his real fear is actually on his favourite altnet LN where routing is involving the hot potato movement of funds on behalf of other people. meaning anyone using LN that is offering a route payment for a non-zero fee is deemed as a broker.
but its very funny how he remains very quiet about his real fear. and instead wants to claim anyone using bitcoin is a broker.. very obvious he wants people to stop using bitcoin and shift to his favourite altnet whilst hiding the truth that using LN in the way its designed is the actual' broker' definition
but oeleo's biggest problem of understand is that he cant tell where bitcoin ends and where LN begins. and still believes LN (a separate network) is bitcoin.

its become comedy gold watching certain social drama queens try to create social chaos

---

not in all cases.
seriously it is obvious you have never run a business or even done any transaction of any kind above $10k personally yourself.
..
people dont 'file a return' everytime they send or receive $10k
in fiat world.. the BANK does that for you.. because THEY are the MSB (money service business)
AKA broker
remember the reference "for and on behalf of other people" that is where the BANK is the broker. not the buyer/seller

as others have told oeleo. a surgeon doing a heart transplant does not become a broker for charging for his surgery. (something oeleo should know as a doctor)

the wording of this rule is about money service businesses.
i told oeleo before and will tell him repeatedly until he actually goes and does it
RESEARCH MSB

instead of crying about how many times i tell him things and he just replies that i said something multiple times but then pretends i didnt say it.
how about he just researches the subject. instead of relying on twitterverse as is opinion maker

for anyone offering a service that takes responsibility of pother peoples funds on behalf of others for a fee needs to become an MSB
these MSB(brokers) then have to follow policies and guidelines. which include reporting
oh and they get given access to a portal to allow them to report.
yep normal citizens dont report things. because they dont have access to the portal, why? well because normal citizens are not MSB's

[moderator's note: consecutive posts merged]

NO THEY WONT

the myth started from some idiot on twitter that has no clue what bitcoin is to realise the difference between a node and a broker

he has no fiat understanding of the term broker either
the idiot started a FUD and many people fell for it and became fearful.

exchanges are brokers.. not developers
mixers are brokers not miners
remitters are brokers not node users

so calm yourself down. and realise the actually terminology is about persons offering a service for payment, where the service is the custodialship of coin for and on behalf of others payments

so calm down developers, node users and miners are not affected.

topic creator is BS
trying to win instant fame by pretending to be someone else
then advertising a service..

oh and yea bitcoin was invented in 2009 but this forum was not really popular until 2010

oh and no one was getting 300btc an hour. because only one person could get 50btc a block and the same person was not getting every block each hour.

nice try deceiving people. but your story has more holes then swiss cheese.
and thats without poking holes into the MTgox coins you pretend to have got.

the courts do not obligate and force CSW to pay IRA
reality is its IRA that has to make a latter complaint if CSW doesnt pay

by this.. whats actually occuring is IRA and CSW are actually working together to fake proof they own bitcoin. and then at judgement ira just has to say "yes judge he paid me in private" and boom. the court is settled. under the false belief that CSW did have coin and transfers were made.

this court case has never been about having actual proof
this court case has never been about rivalry x vs y
this case has always been about trying to get judgement/default judgement that csw somehow was the inventor of bitcoin 4-5 years(2008-9) before he even got involved(2013)

im just surprised the judge hasnt already dismissed case as a empty SLAPP case and then fined both IRA and CSW for wasting the courts time, adding some prison time for perjury

the grid can detect smaller amounts.
its not like there is only 1 power meter at the power plant. what you will find should you seek out around your neighbourhood is electric relay stations. yep each neighbourhood has one somewhere.
ontop of this houses and buildings have their own meters which allow power companies to charge users for the electric they use.

most countries do not care about a hobby miner with 1 rig..
what they do care is if someone is trying to be a farm with dozens to hundreds of rigs using the residential circuit

power plants in most countries do not care about mega farms. as long as the mega farms are buying electric allotments from the EXCESS capacity, and not the paid capacity that goes to industry/residential

china and other countries cannot just turn up at someones house and say "stop". what has to happen in all countries is a complete ban of all operations. and then licence/permit and regulate who can use it. so that they can then stop those that are using it outside the desired preference of use.

china and america are not actually against all mining. they actually like the hydro powered farms that buy the excess. but they dont like residential area's converting their garages into 100+ rig mini farms as it causes the residential neighbourhood circuit to trip which causes brownouts in neighbourhoods

treasury bonds are a loan contract.
when a government needs to create money. they make a contract.
EG 1million contracts of $£1,000 loans. with a repayment of x% per year

the banks accept these contracts and give the government $£1billion
..
later the government through tax revenue pay back x% a year.
..
governemnts wanting $£ will not somehow buy bitcoin to then offer that as a asset to give to banks to then get banks to give the government £$.. as thats not how the bond system works or the money creation system or the loan system

it seems the topic creator does not know how the financial system works, else he would know that bonds cannot be confused with bitcoin.

put simply. governements need/want £$ creation. so .. where are they going to get the £$ to buy the bitcoin to use as collateral in the first place to then ask for £$

its an nonsensical scenario

doing the math of mining cost where absolutely no one on planet can mine below the most efficient cost..
this value does work out as $35k .

this bottom line value number is not an indicator of what the PRICE should be. its more of an indicator of what everyone would refuse to sell below.. much like retailers have a retail price. but they also have a supplier cost. and would never sell below their cost of getting the goods

the $35k i dont see as a thing the price should be. but an indication that the $61k price is near 2x value

however there are other things you can learn from calculating mining costs.
in denmark its actually costs $72k to mine bitcoin right now. meaning they are not mining. but instead BUYING
meaning there is some demand of buying bitcoin above $61k
germany is at $79k. meaning if they mined they are losing money. but they are getting a great deal buying at $61k far below their mining cost.(like denmark)

however there is NO country on the planet with a mining cost of $100k. so there is absolutely no reason for anyone to buy coin at $100k because every country on the planet can mine bitcoin for less than $80k

learning about this $35k->$80k window gives people an idea of the region of calculated buying/selling power

and if anyone wants to know. to get a complete bottom line value where the price will never tip below due to mining cost

hashrate needs to be 445exa to keep a stable price above $100k
hashrate needs to be 230exa just to have a possibility of peaking(temp) to $100k due to calculated buy/sell power

i dont see china/kazakhstan completely banning mining forever.

infact just last week china opened up discussion to reform/change their stance on it.
https://hd.ndrc.gov.cn/yjzx/yjzx_add.jsp?SiteId=372
so definitely not a "ban, end of story"

what i see occuring is LICENCED mining much like in the UK needing a LICENCE to brew alcohol for more then personal use.

meaning hobby miners cant just buy a rig and operate. they need to ask for permission. do it officially.
china never had an issue with the large mining farms operating from hydro power and purchasing electric contracts for the excess energy a hydro power plant produces
what they dis liked was people hobby mining where they blew out circuits and sent their neighbours into brown outs(in experienced home miners that have no electrician expertise)

oh... and one extra little nugget.
although china banned trading/mining and such MONTHS AGO
they are now opening a consultation period about reforms and changes to the rules
https://hd.ndrc.gov.cn/yjzx/yjzx_add.jsp?SiteId=372
so definitely not a "ban, end of story"

schools/colleges struggle to actually go into convincing detail about the fiat economy.

highschool level does not go into detail about credit cards. does not tell students that credit cards should only be used for emergency expense.
even now people have thought credit cards are to get "free money" where they can go on spending spree's and worry about repayment later.

many students dont even know that money is not backed by gold/silver anymore

many students dont know that the national debt is not actually the citizens getting themselves in debt but the government borrowing without consent and then leaving citizens to be taxed later on at higher rates to repay government mistakes

..
so if you are thinking schools/college will go into the fine details of crypto economics.. you are wrong. if anything it will just be an IT side project much like learning about blockchain database formats like students learn about using microsoft access macro's

a regulated bitcoin exchange cannot just freeze someones account and say "sorry we keep your coinz coz taint"

a regulated exchange will still process transactions and give people their funds. but if they have un-deniable proof that something illicit has occured they have to report it.. whilst still letting you have access to your funds.

only after a authority has got a court order, then and only then can an exchange [steal] freeze the coins

all an exchange can do without a court order is:
offer a withdrawal method with a notice you are no longer able to deposit/use their service again

its like banks.
if they cannot prove your legit they either continue servicing you and keep an eye on your activity. or stop servicing you and give you a closing account cheque to take your money elsewhere.
they cannot just hold onto it and steal it untill they have a court order

any bitcoin exchange holding funds without proof or court order is breaking the law. (many small unregulated exchanges pretend they are holding onto funds due to suspicious activity but really they are just robbing their customers(breaking the law themselves))

bad idea
in fiat land .. if someone knows you have a wal safe in your home. .. the more you try to tell them you dont know the key code to open it. the more strikes to the head you will get from them demanding you tell them

saying you have no access will not save your life. it may save your investment. but not your life.

instead have a second wallet with small amount and give them that. tell them its all you have ever had
..
its like street robbery. dont put al your cash in your easy to pickpocket wallet. only put $20 in it and keep your hundreds of dollars stored more safely. that way if ever attacked you only lose $20 and you give them what they want. thus removing the risk of continued assault.

average UK electric price in UK in say 2012 was 13pence kwh
now its 17pence kwh

but. hashrate since 2012 as scaled up by a factor of millions

..
in short ASIC efficiency will scale up the hashrate. while not scaling up the electric cost by the same factor

infact in just the last year. people moving away from using antminer s9 and moving to s19pro have seen that although 1 asic uses 2.5x more electric. and electric has increased by 10% per kwh in price in this time.. the hashrate has not declined.

however. due to mining communities not wanting to shoot self in foot by making difficulty jump by 800%
(14thas vs 110thash)
they have decided to not just replace all rigs of a mining farm from s9 to s19. meaning there was no jump from 100exa to 800exahash in the last year. instead they changed 8x s9 for 1 s19pro. to give same hashrate.. but now instead of using 10.4kwh for the 8 s9's they are only using 3.25kwh for the 1 s19pro

and slowly add another s19pro over time. trying to keep the balance of difficulty rise below 5%

what would be simpler is this
make a new coin. that starts off at genesis tomorrow. with all your address value limit features. and then.. guess what.. find a dang good reason/need/service/resource/utility it can solve beyond your coin control,
just to show your coin even has a reason to exist...
otherwise your fork..  is just another airdrop 'n' dump crapcoin fork

blockstreams only interest in bitcoin was to incept a few devs to edit bitcoin rules to allow a new transaction format, so that users can offramp away from bitcoin to use altnets..
altnets like liquid and LN(yep they exist)

the funny part is these blockstream people want to confuse the matter by saying anyone against blockstream must be an altcoin lover and should f**k off to some altcoin made by some scammer.
reality is those not liking blockstream are actually loyal to bitcoin(btc)
but not the group of devs that want to break bitcoin just to advertise highlight and garner users over to their altnets

(yea i expect the usual social drama queens to beat their chests and cry about how they have had this discussion so many times before and think they won before. yet history and post data shows they are just boring social queens that dont care about bitcoin(btc))

part of blockstreams business proposal is also to make bitcoin appear useless and userless to attempt to garner support for people to move over to these altnets due to 'faster payments' and 'cheaper payments'

the thing is though. these altnets do not have a network wide consensus of transaction audit. nor do they have a good independant store of account.

lastly although these altnets have no blockchain. no consensus, no network protocol. they want bitcoin to bend to the will of the altnets features rather then change the altnets feature to meet bitcoins.

psychology is simple
its the thought of if the friend is banging her ex now. then her friend might/must have wanted to before the divorce and so thoughts of betrayal that the friend might/must have cheated with him whilst first marriage was going on. or that the female friend may have been less loyal to alice in the first place and just wanted some frank meat between her legs all along. pretending to be friend with alice just to get reasons to be near frank

yes it might not be the case. but thats not the point its what alice might be thinking could have happened

the other aspect is things like. alice the now ex wife cant have open conversations with mary about the divorce and complications of the first marriage because mary is now getting pounded by the very guy alice has negative thoughts about. so from a therapy stand point. alice cant openly vent her frustrations about frank to the woman now yearning for franks genitals. so its a loss of trust and companionship

its just basic psychology. no one wants to talk to a person knowing what they may say might get back to the other party they are talking about. no one likes to open up about someone where the person you are talking to might be biased towards the person your talking about.

its a trust and loyalty thing.

some have already said. but worth repeating as it seems many have ignored/over looked

tl:dr

---

"what if btc reaches $61million per btc"........ use bits
much like how 1tonne of gold is $61mill.. no one measure per tonne anymore. they use ounces

---

long winded explanation
people do not need to invest full fiat to buy a full btc

say you initially invested $30k to buy 1btc back last december.
ta da well done you doubled your funds

but you do not need to invest all the $60k now to double.
instead you can buy $30k worth (0.5btc) and when the price doubles ta da another 2x

..
also if you cannot afford say $60k today. and can only afford say $6k. dont worry. 0.1btc can become worth $12k (2x) when the price doubles


what people dont realise is in the gold market. if the gold market was measured per tonne price. it would be a market price of $61,094,568 per tonne

but no one buys whole tonnes. so why care about that metric..
same goes for btc. why care about whole btc. when we could just have market price of say 'bits'(100sat) which converts as $60k per btc=$0.06 per bit

imagine all markets just showed that people can buy bits for $0.06
it will feel like its 2010 again where people are buying crypto for pennies
where each year it goes up from that few pennys per metric price

no one would care about a metric they cannot afford and instead be trading as if it was 2010 with units for sell for pennies

lets imagine it another way
how about a secret no one knows. before bitcoin had an exchange selling btc. there were a few people selling bitcoin not in btc but in pza. this was a bundle of units measured as about 20,000 in todays btc.

this was the trade of the 'bitcoin pizza' where by a pza(20kbtc) was worth about $30.
yea i just made up a pza metric. but the point is the value then was real.
and thats the thing. in bitcoins source code of how raw data is used in blocks and transactions.. there is no 'btc' just like there is no 'pza'
all block data all transactions since the genesis has always been measured in sats.
yes theres even no such thing as 'bits' in raw data. but again there is no such thing as 'btc' either so dont get too hung up on holding onto the illusion of a btc metric.. just like people are not hung up on a tonne gold metric.

markets can use different metrics for the same asset and not have a problem
whether gold is measured in killogram, ounce or gram.. doesnt mean anything
whether bitcoin is measured in pza btc bits.. doesnt matter

what people need to realise is if a tonne looks too expensive. use ounces.. if a btc looks expensive use bits

(my wealth is in btc form)

i used to spend btc in like the 2012-2015 period. but when the economics changed of things like fee's and a reluctance to expand the transactions per block. many merchants stopped accepting btc direct.

bitcoin is now promoted as an asset not a common currency.
bitcoin is now promoted as a investment not a store for the unbanked

(pre-empt replies: no dont even twist this into an advert for another network that allows micro transactions. im talking about BITCOIN not altnet 11decimal co-signer requiring non blockchain network)