Luke Dashjr: Can I make one last point that I didn't see addressed? Someone mentioned governments will see filters and decide to use it for censorship or whatever. But the ability to filter spam because it is only—it is not 100%—means that it can't be used for censorship. It would have to be perfectly reliable to censor someone. The only reason it works for spam is because it doesn't need to be perfectly reliable. It is good enough to rate-limit it and make it more expensive.

Blue Matt: Censorship in general is not perfectly reliable. All of the OFAC sanctions stuff is not perfectly reliable—

Luke Dashjr: It only takes one miner.

Blue Matt: —it mostly works because it isn't targeting a broad enough swath of people where it needs to impact the world. If censorship—financial censorship—targeted half of Americans, people would riot and complain that they are not able to go about their daily lives. But the fact that it only targets a very, very small minority of people in a kind of direct black and white censorship sense means that you don't have this problem and you can't necessarily get away with it by just saying, oh it's not perfectly reliable. Yeah ok, but it doesn't need to be, it's just targeting these few people and it's just preventing them from acting very—

Luke Dashjr: It only takes one miner, one block ...