Censorship surely isn’t profitable in the long run
FWIW I think Micah is downplaying the difficulty adjustment and how insane it continues to get. And actually the threat I’m more concerned about are pools! Very centralized rn. And perhaps individual large miners (public companies) censoring transactions.
Less concerned, at this point, about a 51% attack
https://micah-warren.ghost.io/on-bitcoin-as-a-reserve-asset/
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