Replying to Avatar Pierre Rochard

The metaphor is incorrect, because if a txid is censored, it just sits there in the mempool. Bitcoin is not destroyed, it’s not over, the transactor can simply CPFP/RBF until greedy miners defect.
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Bryan 1y ago 💬 1

One of the primary value propositions of bitcoin is censorship resistance. If it loses this feature, people will lose confidence and the network will suffer.

75% of the hash-rate can disregard the other 25% and build on their own blocks.

Are you suggesting the current state of mining centralization is fine? No issue?

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Pierre Rochard 1y ago

Censorship resistance is a dynamic, anti-fragile process, not a static feature. If there is censorship, people will pay higher fees to overcome it.