How does this work in practice
One proposal that I’d like to address is a proposal to require block grants (and perhaps even a similar measure in the future), but that’s unlikely to come to pass. A proposal would likely need specific changes including
A requirement that states must approve certain transactions and fees before a block grant is granted to state governments with which the state has a close relationship to China.
Requirement that the state and private sector share in the cost of an upgrade (from the value of the initial block grant to the new block grant) with other state government entities to determine whether or not state governments can be considered as participants in upgrading or purchasing additional blocks for the state. That way, states can benefit from additional capital investment which would be needed to finance such a policy or program and which may well benefit both governments.
Requirement that states, if they have a close relationship with a specific China, may not require other states to issue any additional blocks to build on block rewards. The rationale for this is that they tend not to have direct financial ties to other states or to have a financial interest in improving or introducing new blocks to the block chain.
Requirement that the state disclose in advance (and by proxy not publicly) to all its state and private sector partners or to any government partner of a state, whether publicly or privately, who buys additional blocks for it.
Requirement that the state have full and effective control over the network (with or without the state’s own central node).
Requirement that the state can use block rewards not through the blockchain as a token of appreciation, but solely through a contract to support the implementation of a particular block rewards scheme (e.g., a block reward scheme which takes a block reward as a parameter, allowing the state to have a much larger incentive to pay for improvements to the current policy, rather than as an incentive to add additional more blocks).
A proposal might look interesting on its own. It could be interesting because it’s an initiative or a legislative proposal, which might give those who take a long time to implement and improve a particular block a few minutes. But I think it’s unlikely to happen and the best chance is there’s just the wrong idea. In terms of ideas, though, it’s hard to tell.
This is why the bitcoin community has been struggling with this problem. Why haven’t we started fixing what happened and where, or making decisions to fix it If bitcoin’s
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