But there has to be value there. A value in immutability and censorship resistance, right? It is in my belief that that is where Bitcoin's brilliance came from. Together with trustlessness and decentralization, as originally designed.
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As to the problem of censor resistance, I think that not decentralization, but anonymity is the answer. In monero for instance, even if mining were done by one single entity, it couldn't censor any transaction, because there's no way to know which one to censor. In monero, only the payer and the payee know the transaction. You can't sensor "an address".
Thanks for this reply. Then there is fundamental value in censorship resistance. I believe it is the only thing that is encouraging and allowing the dark markets to continue despite the imposing suppression by law enforcement. I heard that the darknet as a whole is in its lowest point.
But I disagree with you on anonymity alone as being the answer. Decentralization also plays a big role in censorship resistance as it needs the whole set of participants to come to consensus to change something.