Bitcoin would be worthless in that case. It’s currently not co-opted but it could.

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"It is possible that censorship enforcement could result in a price collapse, causing the censor to incur a loss on operations. However in this case its objective has been achieved, with no opportunity for the economy to counter the censor."

https://github.com/libbitcoin/libbitcoin-system/wiki/Censorship-Resistance-Property