JuAnHu's avatar
JuAnHu 1 year ago
What if a 51% pool would censor all blocks that were not mined by that pool? It would boost the profitability of that pool tremendously and create strong incentives to join that pool. Combine that with legislation and pressure on the exchanges and big economic nodes to play along... Voila, you have a centralized state-controlled network.

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JuAnHu's avatar
JuAnHu 1 year ago
When there are financial instruments that let you short the price, what is there to lose? On the contrary, if you are a superpower that is threatened by the decentralized network, it's a double win. Yes there are miners that are long term invested into Bitcoin. But what would they do in such a scenario?