No, a decentralized conspiracy based on converging interests (because that is the only practical way this can play out in the real world, given how everything irt Bitcoin and markets etc works), forking away particular sitting duck btc, does indeed NOT undermine the censorship resistance of Bitcoin that was based on the divergence of interests and the inability to effectively coordinate. Indeed cool, because we all get relatively richer. You have to actually reason this stuff through in terms of how this would play out: What are the requirements for such a ''decentralized conspiracy based on converging interests' to occur? A big component is that it requires absolutely passive btc just sitting there, doing nothing, not resisting anything, otherwise this 'decentralized conspiracy based on converging interests' can't effectively target anything. i.e. the fact that no resistance against censorship took place indeed means that censorship resistance was not undermined, its not that complicated actually.