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 You're describing the hash war phase. The network will not work as advertised, but only for a certain period of time until either the state or the market capitulate. Here watch this: https://youtu.be/X_xgmVLyB94?si=UhSN5Cmjzbk9Tyvs 
 Right. As I said, its a legitimate threat until we get to that phase.

It's another front of state KYC/AML laws designed to undermine bitcoins censorship resistant properties.

And they're being generally successful. 
 Yeah there's definitely a war coming 
 I hope there is.

Regulators are quite accomplished at avoiding direct confrontation and instead gradually adjusting expectations over years.

Bitcoiners normalization, and even encouragement of, KYC being case in point. 
 @thejohn zapped ⚡️11,011 sats

"This is the most under-rated Bitcoin video - should have 1M+ views. It is excellent!."

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