The author discusses the concerns surrounding governments and institutions buying large amounts of bitcoin. They argue that if these big holders were to influence the Bitcoin consensus rules to impose censorship, it could have significant ramifications. Censorship by miners would only last as long as the majority is willing to continue, but if economic nodes also enforce censorship as new protocol rules, it could lead to a soft fork and a split in the blockchain. This is why some people are worried about the accumulation of bitcoin by governments and large institutions. However, the author also states that there may not be much that can be done to prevent this, as it would be a form of censorship in itself. The article concludes by suggesting not selling bitcoin to these entities as a countermeasure.



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