Monero had a serious reorg problem just a few months ago. Haven't heard much about it anymore so it might have finished but this was a test for any serious actor who wants to destroy it. Any major country could destroy it by running more CPU miners than the network, reorg and block TX.
There was little to no exit when this was happening and so it wasn't reflected in the price.
Bitcoin is facing the same reorg danger since mining is so massively centralised. Also I don’t think the biggest issue with Monero is technical in nature.
There's a big difference between CPU and ASIC mining.
Sure, and it has nothing to do with the fact that Antpool and Foundry are fully capable of doing reorgs by themselves with relatively good success rate. They don’t really need 51% of the hash to mess with the chain.
Foundry and Antpool don't run all their mining farms pointing hash at them. They could do it once and it would be suicide for the business because everyone would leave.
Don't glorify Monero for CPU mining. It was a bad idea and they'll have to hardfork their way out (again).
I’m not glorifying Monero at all, especially CPU mining. What gave you this impression?
The idea that miners will not do bad things because some plebs might switch pools and their business will suffer must be murdered and put to rest forever, otherwise we as a network of peers wouldn’t last very long. Pools have been doing very nasty stuff for years, very evidently and openly since 2023 and the only part that switched was a tiny minority that adopted Datum with Ocean.
The security model rests on them being economically rational. Those pools can include or exclude whatever transactions they want as long as that holds true. Only the minority of ideological miners are going to care and switch.
This effects both but especially Bitcoin because 1) it has no privacy so pools have the ability to distinguish transactions, 2) it's more ideologically diluted than Monero because it's more popular, and 3) Bitcoin has no decentralized mining pools like p2pool atm
