you'll talk about anything EXCEPT the friction involved in trying to hijack privately owned compute wont you? obviously the threat to Bitcoin is higher. because Bitcoin has a higher fiat value and is more visible. because it's easier to put pressure on miners. I agree that if Monero ever becomes an existential risk they'll do whatever it takes. I hope that becoming an "existential risk" means price appreciation and therefore greater mining profitability. and at that point you have higher floor of decentralized compute power protecting the network and the centralized compute power is more incentivized to protect the network rather than attack it. just like with Bitcoin. but the game theory of that particular situation depends on specifics that we can't know. Moral of the story is that *right now Monero is in a much more secure place than Bitcoin is vis a vis mining centralization.