Bitcoin Mining Centralization

The fear to me on the minor censorship side is less a blacklist mentality and more a whitelist mentality where they have basically a list of known actors that they're only confirming transactions of them. Most Bitcoiners are coming in through KYC exchanges, you can make it prohibitively difficult to withdraw from those KYC exchanges. It's relatively easy to censor them just via these KYC elements of the exchanges and the on-ramps and the off-ramp and the wallets and whatnot. Part of me thinks that a lot of this is also mental masturbation because it's not even really necessary.