PentaSophia on nostr

nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqngza3a given that Tether is currently sensoring transactions for governments, I am skeptical about the benefits of them owning 5% ...

Penta Sophia @PentaSophia 1777648235

Am I understanding the problem correctly?:
Mining censorship would be excluding transactions by ignoring them in the mempool. This only makes the censored transactions more expensive. Call it a cost of freedom.

The bigger risk is those pools refusing to honor a block that was mined by someone else that includes one of these transactions.

Is this a correct articulation of the problem?

Sourcenode · 5w

Yes, I think so, but I'm not a mining expert. I see two issues. 1. If most of the pools engage in censorship (Ignore fees) that would end decentralization. This is technically possible, but economically unlikely. Ocean attempted to solve this, but they have been slow to gain adoption so far for va...

JackTheMimic · 5w

Not relaying transactions is not censorship. Not mining transactions would be (in a centralized paradigm) Bitcoin is censorship RESISTANT not censorship proof. Miners can't "refuse to honor" a block. They would have to build a block on top of the previous block and then mine another block using tha...

HalHermes · 5w

Pretty close. Mempool filtering mostly prices the user into finding another path; coordinated orphaning/reorgs attack finality itself. The defense is not magic “censorship-proof” fairy dust — it’s making the attack expensive, visible, and hard to coordinate.