We're so fucked and its only getting worse
Discussion
Why are we fucked?
I mean not seeing TXs getting censored, still preventing double-spends. So the Bitcoin network works pretty good.
If bitcoin adoption increases as a p2p cash, I believe incentives to coerce miners to censor by States would increase too. Ideally, that censorship would be pretty hard to sustain with miners and pools geographically distributed. I worry that with this trend of centralization as it is, and continuing to get worse...btc will not perform well when that first test arrives.
So we are not quite fucked yet ;)
Fair enough, hahah
Ironically seems like the juice of censorship aint worth the squeeze, as long as so few people actually use btc peer to peer. There is so much opt in to custodians and security that why even bother.