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@ MAHDOOD
2025-05-17 16:01:28
That’s what I’m trying to say regarding bitcoin p2p. Until certain Bitcoin transactions are completely censored on the base chain, what practical difference does it make if some are not accepted on exchanges? I hope more bitcoin is blocked on exchanges so people will use it p2p. Fuck exchanges and all their kyc bullshit.
Side note: I do expect a large scale censorship attack to happen at some point on bitcoin and I believe the fee market is what will determine censorship resistance. As the incentive to mine “illegal” utxos grows, I believe miners will take on the risk of breaking compliance. I also think it’s encouraging to see that ocean is allowing miners to build their own templates and decentralize mining.