Nostr Web Client

Correct, the protocol is only permissionless and zero-trust for the people projecting the most physical power. But an adversarial equilibrium emerges. This is described by Satoshi in the whitepaper in regards to a 51% attack, but the same logic applies to writing blocks to the chain.

It's conceivable that China and Russia could combine hashrate to potentially censor their adversaries transactions . This is why it's really important for the US and her allies to control enough hashrate to ensure we can still regularly add blocks to the chain. Unless our adversaries can completely censor our transactions which would require much more than 50% hashrate they are highly incentivized to continue acting in an honest way.

Primordial🦌 9mo ago

Also. If they did try to censor US transactions, it would degrade the value of the network for them aswell. The incentive structure is solid.

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Discussion

Primordial🦌 9mo ago

The protocol is working exactly as Satoshi designed it. He decentralized control authority of block writing to those who display the most computational power.

If you are worried about potential censorship, I suggest you summon up some watts and enter the physical power competition.

The largest mining pools were inevitably going to organizations similar to NATO and BRICS. This aligns with the way human evolution is playing out at a systemic biological level. Pure game theory. But it's important to realize that the incentive structure results in mutually assured preservation of access to the system. Not degrading access to the system even for adversaries.

MAHDOOD 9mo ago

I think in the long run this is true but it can get messy as these features are stress tested.

MAHDOOD 9mo ago

That is true but these morons in the government don’t know about that and don’t really care because they still have fiat.