How could regulators successfully introduce Bitcoin censorship and other dystopias

[jamesd at echeque.com]

On 2020-11-14 03:39, Steven Schear wrote:
> Jim,
> This is a major place where you should be focused
> 
> 
> https://juraj.bednar.io/en/blog-en/2020/11/12/how-could-regulators-successfully-introduce-bitcoin-censorship-and-other-dystopias/

This an inherent problem with proof-of-work.

A big corporation is more efficient at producing work - and is more
vulnerable to the demonetization-deplatform-and-cancel attack, not to
mention jackbooted government thugs bashing in their faces with rifle butts.

Proof of stake, on the other hand, has the problem that stakeholders
must have always up high bandwidth reliable internet connections.

We can get around that problem with a client host system, where a
relatively small number of hosts are peers on the blockchain, but the
clients hold the secrets that empower the hosts.

It is a lot easier for a peer to move from one host in one country to
another host in another country, than it is for a miner who is using
industrial amounts of power and massive dedicated hardware, and even
easier for a client to move from one hosting peer to another.