5 sats \ 1 reply \ @cryptocoin 20 Apr 2022 \ on: Adversarial discussion bitcoin
Bitcoin's reason for existence is for censorship-resistance. Decentralized proof-of-work was the innovation that enabled this censorship-resistance. PoW is not cheap. It is not convenient (not instant).
Eliminate the censorship (and risk of censorship) and the reason for bitcoin existing goes away.
Interesting, like if bitcoin ends the nation state, we don't need it anymore?
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