Post
Topic
Board Bitcoin Discussion
Re: OFAC-Sanctioned Transactions Being Censored
by
HmmMAA
on 27/11/2023, 14:37:11 UTC
That'd be the time to abandon Bitcoin for good. The day mining pools reorg the chain is the day there is nothing valuable to secure. It'd be suicidal.
No pool would really want to do that because they would probably see the same things and know that it would kill their business.
Would it, though? That'll be the day the likes of us abandon bitcoin, but the masses don't care. They let centralized exchanges act as banks, surveil their every move, hold their coins, and dictate how they can spend them. They use custodial wallets which can stop serving them at any time, like Wallet of Satoshi just did. All they care about is "when moon", and not at all about the whole point of bitcoin in the first place. They cheer for more regulations since it means bitcoin "is going mainstream", and eagerly await institutional investors, ETFs, and the like. Are they going to care about a few transactions belonging to other people are being censored? The fact that this censorship is barely being discussed across this forum/Reddit/Twitter/etc. tells you all you need to know. People don't care.

Well, the problem with the price is that maxis are the ones who want it to only go up . If the price doesn't double as maxis desire in each cycle , then mining/securing the network becomes unprofitable . That's what the other chains saw during the hashwars and decided to split . So don't blame the "ignorant" masses . Just admit that you didn't foresee what was about to happen . Either bitcoin lives from fees and not subsidy , or it dies. Btc chose its path , the only way to survive is if the price goes up . Alternatively , stop running rasppis and decide to invest in mining gear , and run them altruistically to support your ideas . Just make sure to buy a lot of hashpower , as double-spending attacks might occur .

Also fixed a sentence to point things properly: "Are they going to care about a few transactions belonging to other people criminals that are being censored?"