Thanks for sharing this, @Bitcoin Mechanic . I’m with you 100%. Sadly, few in the mining space, especially institutional miners, embody the Bitcoin ethos. They want the money before the values. Any miner pushing for centralization in the US ,or anywehre else, is not a pure Bitcoiner imo. 🟠Sorry for the long list of inquiries. your article was so detailed and rich that it sparked a lot of thoughts and questions. Hoping to get your answers! On Compliance and "Censoring Miners Will Die" 🧑‍🔧 Your point: “The old cope of ‘another miner will just include them’ is delusion.” 🔸 My take: I agree. The idea that censoring miners will just die off is wishful thinking. But currently, we do see Russian-backed miners (e.g., ViaBTC and others) taking care of some blacklisted UTXOs. 🧑‍🔧 Your point: “Miners are with Foundry because compliance is increasingly all that matters.” 🔸My take: Spot on. But let’s be honest—what drove miners to Foundry in the first place wasn’t just compliance. It was their high-time-preference, Wall Street-style obsession with quarterly results. Classic fiat brain thinking, right? Follow-Up Questions 1⛏️ Why 100 PH? 🧑‍🔧 You mentioned 100 PH as a benchmark for when variance reduction becomes critical. That’s just 0.0127% of today’s hash rate—super low. I’ve always thought a better threshold would be when a miner controls between 0.5% and 1% of the network (4,000–8,000 PH/s). 🔸What’s the reasoning behind 100 PH being the magic number in your view? 2⛏️Threshold for Starting a Private Pool 🧑‍🔧 If 100 PH is enough to not rely on a pool, 🔸what do you think is the no-brainer threshold for a mining company to justify running its own pool? 🔸Is it purely about operational costs, or are there other barriers? 3🧑‍🔧 "Transaction Fees Are Neither Here Nor There" 🔸Can you expand on this? 🔸Would a fee-driven economy (post-subsidy) make compliance-driven mining even more dangerous? [we wont be witnessing it but just wondering] 4⛏️Template Construction Centralization at ~30% 🧑‍🔧 You said centralization of block template construction is already a genuine attack vector at ~30% hash rate. 🔸Is this linked to the weird, seemingly “cleaned” blocks we’ve been seeing lately? 🔸What tactics could exacerbate this attack vector? 🔸How cqn they mitigate it? I’d love to dive deeper—where should I look for resources? 5⛏️Frogs Boiling, But When Do They Burn? 🧑‍🔧 You mentioned the boiling frog analogy, but when do they burn? Is there a tipping point where even the most compliance-addicted miners will have no choice but to face the consequences? 6⛏️What Would a Cleanup Look Like? If miners won’t change their behavior voluntarily, what kind of event would trigger a mining sector “washout” to force realignment? Would love your thoughts on these points. Appreciate the deep dive you’ve done. Hopefully sounding the alarm on #nostr is a more impactful way.