Can Bitcoin Be CENSORED? All BTC Holders MUST Watch This!!

"more than 75% of Bitcoin mining is done using Hardware that was made by a single company... the company in question is bitmain"

"bitm has applied to list on stock exchanges in at least three countries Hong Kong arguably China Germany and even the United States interestingly though bitm has not been successful in any of its IPO applications so far but is reportedly still planning to IPO somewhere"

"Jack dorsy of all people recently made an investment in a new mining pool that will eliminate this influence this mining pool is called ocean it's noncustodial meaning that it issues BTC rewards directly to miners"

"a clause in Black Rock Spot ETF filing implies that if Bitcoin Forks Black Rock will have the power to choose which Fork it supports with its ETF Black Rock could use its influence over miners to ensure this Fork survives"

"the United States is gradually accounting for a growing share of bitcoin's total hash rate 38% as of 2022"

"ZK snacks announced in March last year that it would not pull BTC transactions coming from certain wallets and not just those that have been sanctioned The Wasabi GitHub appears to contain a long list of problematic BTC transactions that will not pull these include BTC transactions related to sales of controlled substances related to the sale of any items that infringe copyright and even those related to the sale of fireworks"

"OFAC sanctioned a Bitcoin mixer for the first time in May last year this was shortly before OFAC sanctioned tornado cache the now famous or inFAMOUS mixing protocol on ethereum"

"Ledger came under Fire for a feature called Ledger recover... this feature would make it possible for you to recover your crypto if you lost access to your seed phrase The catch is that this feature would simultaneously make it possible for the government to seize Your crypto"

"in January last year Tresor implemented a feature that would essentially make it possible to tie your identity to your wallet address for compliance purposes"

"this is what happened to F2 pool after it was revealed that it had been censoring transactions from entities sanctioned by ofac F2 pool initially defended the decision but eventually removed the ofac filter presumably because it started losing mining power"

"one of these companies is Marathon digital which similarly to F2 pool came under Fire for launching an ofac compliant mining pool in May 2021 and subsequently backpedal"

"if you control more than 50% of bitcoin's mining power you could theoretically manipulate BTC transactions if these two pools colluded that is work together they could do just that in practice however if a mining pool does something that the individual miners in it don't like they can easily redirect their mining power to a different pool"

"this is what happened to F2 pool after it was revealed that it had been censoring transactions from entities sanctioned by ofac F2 pool initially defended the decision but eventually removed the ofac filter presumably because it started losing mining power"

"if the powers that did try to take control of bitcoin's Hardware the Bitcoin Community would respond with counter measures just like Jack dorsy stepping in to fund a new mining pool"

"it's easy to forget that the more the Bitcoin is adopted and understood the more resilience there is at every layer of Bitcoin censorship resistance that's simply because it's in every BTC holders best interest to ensure that Bitcoin remains as censorship resistant as possible"

"even the asset managers after all without censorship resistance Bitcoin is just a more dystopian version of the existing Financial system a financial system that nobody would voluntarily adopt or invest in btc's value would quickly go to zero"

"if you're wondering why the answer is that slippery slope I mentioned earlier this protocol effectively made it possible to signal to an exchange that you were the owner of the wallet address in question over time this basic feature could evolve into complex kyc requirements to create a wallet address"