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I discovered the above article through a link from this excellent substack post:
The author does a great job explaining why decentralization matters:
No Trusted Third Parties
More recently, regulations which allow individual government officials to seize assets unilaterally have become common. Especially in the US, the now infamous Operation Choke Point and civil asset forfeiture programs have allowed law enforcement officials and private institutions to seize financial assets and deny financial services with little to no oversight. Thus, removing trusted custodians and creating a system with liquid, unseizable assets has the potential to provide more reliable financial services to many who might otherwise not be able to operate efficiently, or at all. This unseizability of Bitcoin is made possible only through its lack of a centralized trust requirement. While centralized e-cash and financial systems have tried to provide such reliability, regulations and business realities have nearly universally prevented it.
When he talks about censorship resistance, he emphasizes the importance of the decentralization of the miners. He wrote this in 2016. I wonder what he thinks about this today?
I wonder what he thinks about this today?
You're in luck! From yesterday: #890685
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totally missed the boat on your question - ugh sorry.
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I thought I missed a quote in the original post!
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141 sats \ 1 reply \ @optimism 20 Feb
You didn't miss it but I did.
The MEVpool proposal (#891316) also comes from Matt. Quote from that thread:
Rather than letting the centralization pressure consume what little is left of mining's decentralization, we should seek to contain the damage as much as possible, building on ethereum's PBS but ensuring miners still can and will include transactions from the public mempool.
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Thanks for this.
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