> "What are your thoughts on 98% of miners (US, China, the rest) acting as one?"
I think China and the US are controlled by the same actors, and we live under something very close to a One World Government.
I've covered this here:
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How I know we live under a One World Government
The US, China and Russia are building interoperable programmable, surveilled money, programmable, surveilled movement, programmable, surveilled spe...
I've written about the mining issue here:
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Bitcoin's mining centralization problem (Hashrate ≠ Freedom)
Hashrate ≠ freedom. Templates = freedom. Until miner-templating is common and censorship correlation breaks, rising hashrate is mostly optics.
TL;DR from article
Mining pools such as MARA (USA) and F2Pool (China) have already done “OFAC-compliant“ Bitcoin mining (transaction censorship).
MARA (previously Marathon Digital Holdings) became the first North American Enterprise Miner to produce fully AML and OFAC-compliant Bitcoin.
Marathon abandoned the experiment within weeks amid industry backlash and to align with Bitcoin Core 0.21.1/Taproot signaling, saying they would validate like everyone else (no censorship).
A developer called 0xB10C caught F2Pool filtering transactions and their co-founder Chun Wang acknowledged:
- "Will disable the tx filtering patch for now, until the community reaches a more comprehensive consensus on this topic."
Chun Wang previously wrote (in a now deleted post):
- "Why do you feel surprised when I refuse to confirm transactions for those criminals, dictators and terrorists? I have every right not to confirm any transactions from Vladimir Putin and Xi Jinping, don’t I? Meanwhile, CZ is selling his soul for money. He deserves."
So both MARA and F2Pool have deliberately filtered OFAC-sanctioned transactions despite them having competitive fee related to all other added transactions.
Analyses of the first MARA “clean” block (height 682,170) focused on lower fees and excluded transactions. BitMEX Research noted the block contained ~0.0033 BTC less in fees than a normal maximized template would have, implying foregone revenue.
So these mining pools decided to lose fee revenue, trashed their reputation and eventually reverted to standard, non-censoring validation.
MARA is an American company while F2Pool is based in China, but somehow they’ve both done OFAC transaction censorship. I’ve already explained how this coordination works in a separate article.
The rivalry between China and the US is mostly theater, and that is one of the main reasons mining centralization is such a big problem for Bitcoin.
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After Covid (the great One World Government reveal), you'd have to be delusional to think that large mining pools are not state-controlled and that "competing" states are not incentive-aligned.
The governments of the US and China want the same thing - more control over the plebs, more obedience.
The real battle is citizens vs the State, not State vs State.
Every state protects force + money issuance. At all costs. Fiat/CBDC is the control layer, not a policy choice.
The only reason Bitcoin mining looks decentralized to the average pleb is because it is allowed to look decentralized (for now).
I wrote more about Bitcoin mining centralization here:
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