Oddbean new post about login | logout If a miner censors a valid transaction, it stays in the mempool until another miner includes it. Other miners want to maximize fees, so they’re likely to pick it up. Bitcoin’s incentives makes censorship tough and costly for any miner trying it. To block a transaction entirely, a majority of miners would need to coordinate, which is hard and expensive. If miners tried sustained censorship, users could push back with a UASF, forcing the network to ignore their blocks and making censorship attempts pointless.
Interesting, bitcoiners will have a moral choice to do : Fight censorship and accept that Bitcoin will suddenly be the wrong guy, Bitcoin will be delisted, people involved will be hunted down and wall street will move out their billions, tanking the price or Accept the censorship, after all it's only the criminals which are censored... do business as usual and see wall street inject billions What do you think will happen ?
Bitcoin is the money, there’s no such thing as ‘delisting’ it. When Bitcoin becomes the base layer of value, accepting it won’t be optional. And for many people, including me, it already is the base layer of value. If you want money, you’ll accept Bitcoin. It’s a bit absurd to keep debating this. Altcoiners just don’t see the big picture.