Good night nostr. Here’s a shower thought before bed 🫂⚡️🤙

If hyperbitcoinization happens, and Bitcoin is a globally-adopted currency used in commerce, whether on the individual, corporate, or international level, it would be wise to expect varying degrees of filtering and censorship by different miners, at least for a time.

If countries use Bitcoin and support infrastructure for citizens to use Bitcoin (which is likely), then countries will likely also set up large Bitcoin mining operations — both as a means of making money as well as attempts to exert some amount of control over the network.

Yes, “blacklisted” addresses can pay a different miner a big fee to get into a block. But in this hypothetical future, most miners large enough to find blocks reliably will likely be regulated by their local and/or national governments.

Sometimes the stick is more effective than the carrot, and so these mining companies will likely care more about avoiding jail time and fines than about the value of censorship resistance. Just look at todays financial structure.

I will be curious to see how the tug-of-war between regulation and free markets plays out. Most of it will probably occur after any of our lifetimes, but still. Interesting time to be alive 🤔