how is it a truth protocol rather than a propagation protocol? if both truth and untruth cannot be censored, it's not a mechanism for favoring one over the other. im not at all defending or fsvoting other networks that do censor, just to be clear.
that power isn't to compete "over the ledger", but kust for the next block so they can get paid. its a business. it's literally no different than starting a company that makes shoes or builds houses or teaches people in a school. that is simply a business. the difference is that when somebody becomes part of the Bitcoin economy, it doesn't matter how big and powerful any of the miners are, that oerson still has the same value in the Bitcoin economy. big or small miners don't change that value.
definitely agree with the idea of not wanting their transactions censored, but that is the case whether El Salvador mines or not. the only befit to them mining is if they have access to cheap power that can provide them more Bitcoin than if they were to buy it directly (accounting for other intermediaries, convince/complexity, etc.). in that aspect, it's just like business. or at the least, very analogous.
Notes by dadguy | export