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Author Topic: Restrict mining to single country? (Bitcoin algorithm)  (Read 69 times)
taleen@inddweg.com (OP)
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July 13, 2024, 10:40:55 PM
 #1

I represent a group of developers involved in reissuing Bitcoin through a hard fork with merged mining. We would like to know, is it possible to restrict mining our blockchain to a single country? Ie- can we block miners outside of a particular country?
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July 13, 2024, 11:49:38 PM
 #2

No, you can not. Certainly not for the real Bitcoin network. Maybe for your network that you could attain due to the hard fork.

I suggest you try to understand more about the Bitcoin network and how decentralized it is. Even if you try to convenience some of the mining pools to collaborate with you, which I am pretty sure you know is near to impossible, miners can still do solo mining minus using those mining pools.

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July 14, 2024, 04:59:48 AM
Merited by NotFuzzyWarm (1)
 #3

I represent a group of developers involved in reissuing Bitcoin through a hard fork with merged mining. We would like to know, is it possible to restrict mining our blockchain to a single country? Ie- can we block miners outside of a particular country?
Seriously mate, you sound like the fat guy who runs his country like a god, builds nukes for nothing and hate when people listen to music from their next door country. Grin

Bitcoin is decentralized for F*** sake, if you dont want to mine with the rest of the world, build your own shitcoin and promote it like those scamstars in the  "altcoins" section of the forum.

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Oshosondy
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July 14, 2024, 05:51:55 AM
 #4

I represent a group of developers involved in reissuing Bitcoin through a hard fork with merged mining.
What do you mean by reissuing bitcoin through hard fork with merge mining?

We would like to know, is it possible to restrict mining our blockchain to a single country? Ie- can we block miners outside of a particular country?
Bitcoin network of nodes and miners are decentralized in a way you can mine bitcoin and contribute to the network from any country without no restrictions.

I see these as a useless question.

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taleen@inddweg.com (OP)
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July 14, 2024, 06:35:56 AM
 #5

I see these as a useless question.

Hahahahahaha. Aww man. The public is so brutal. Althought I'm laughing on the outside. I'm crying on the inside.  Cry

Pardon. The original concept was a USA-native coin, That way, wherever it goes, it can be traced back to America with an American paper trail- better protecting owners from scams and theft and legitimizing any wallet and any currency it comes into contact with, providing extra security to banks and financial systems- sure it can be converted to Ethereum in Tornado Cash and used for bad things- but anyone whose wallet doesn't contain a bit of USA-native coin might be a terrorist or criminal hiding from law enforcement. It's everybody's duty to themselves to legitimize their wallet with some USA-native coin.

I thought it was a good idea... no?
taleen@inddweg.com (OP)
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July 14, 2024, 06:51:28 AM
 #6

What do you mean by reissuing bitcoin through hard fork with merge mining?

I guess there's no such thing as reissuing Bitcoin?
ABCbits
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July 14, 2024, 08:39:58 AM
Merited by mikeywith (4)
 #7

I see these as a useless question.

Hahahahahaha. Aww man. The public is so brutal. Althought I'm laughing on the outside. I'm crying on the inside.  Cry

Pardon. The original concept was a USA-native coin, That way, wherever it goes, it can be traced back to America with an American paper trail- better protecting owners from scams and theft and legitimizing any wallet and any currency it comes into contact with, providing extra security to banks and financial systems- sure it can be converted to Ethereum in Tornado Cash and used for bad things-

It sounds similar with how bank works.

but anyone whose wallet doesn't contain a bit of USA-native coin might be a terrorist or criminal hiding from law enforcement. It's everybody's duty to themselves to legitimize their wallet with some USA-native coin.

It sounds like "Guilty until proven innocent", which trying force everyone to use such coin.

I thought it was a good idea... no?

Personally i don't see it as good idea.

What do you mean by reissuing bitcoin through hard fork with merge mining?

I guess there's no such thing as reissuing Bitcoin?

It's theoretically possible if you perform hard-fork which change how Bitcoin is issued or reissued. But unless majority of Bitcoin community agree with the change, you only create altcoin.

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NotFuzzyWarm
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July 14, 2024, 06:38:16 PM
Last edit: July 14, 2024, 07:02:39 PM by NotFuzzyWarm
 #8

I see these as a useless question.
Hahahahahaha. Aww man. The public is so brutal. Althought I'm laughing on the outside. I'm crying on the inside.  Cry

Pardon. The original concept was a USA-native coin, That way, wherever it goes, it can be traced back to America with an American paper trail- better protecting owners from scams and theft and legitimizing any wallet and any currency it comes into contact with, providing extra security to banks and financial systems- sure it can be converted to Ethereum in Tornado Cash and used for bad things- but anyone whose wallet doesn't contain a bit of USA-native coin might be a terrorist or criminal hiding from law enforcement. It's everybody's duty to themselves to legitimize their wallet with some USA-native coin.

I thought it was a good idea... no?
That is a whole different story but as ABCbits said - you would be creating a new altcoin with no connection to BTC.

The only way to keep it based on BTC would be to make a USA-based pool and restrict it to only miners with a US IP address. That way when the pool finds a block the coinbase reports the finder as your US-based pool and your distribution of the rewards+fees would show they went to US-based miners. Your tracking of where your users send their coins is of course ends there but at least their origin can be traced to the USA.

Only problem with that is that there would be very few users. Mega farms like MARA et al have their gear housed in the US but ar already in a sense solo mining & offering hosting for Institutions mining on their 'pool'. End result is that again the BTC rewards are directly linked to them.

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philipma1957
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July 14, 2024, 07:29:02 PM
 #9

What do you mean by reissuing bitcoin through hard fork with merge mining?

I guess there's no such thing as reissuing Bitcoin?

well the people that hold the 19 million plus mined coins will not be pleased at all.


you are basically looking to void 1.2 trillion in wealth.

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July 14, 2024, 08:41:42 PM
 #10

While the idea is pure censorship and is stupid, it is doable, you just need to alter the consensus of the protocol to accept only X country IPs, it is fairly easy to know the country of which the block was originated from.

Obviously, that could be avoided by a few means such as:

1- The use of VPN/VPS
2- The actual miner that sits in Y country would send the block hash to the accepted country X and X would propagate it to the network and it would be accepted.

You will have to run a fully KYCed ecosystem to control it, otherwise, it is just a waste of time and money.

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