While there may have been a chance at clarifying (US) regulations that an untrusted party in the flow of funds isn't required to perform the usual slate of KYC nonsense that [strangles the traditional finance world](https://www.researchgate.net/publication/339486326_Anti-money_laundering_The_world's_least_effective_policy_experiment_Together_we_can_fix_it), we squandered it expending all of crypto's political capital pushing for securities reform to ensure token issuance is (maybe) legal rather than trying to ensure people can meaningfully transact without the entire world learning what they're doing.
-Worse, with mining (pools) as centralized as ever and relatively little desire to change from from most miners, every layer of bitcoin is centralized and ripe for regulatory capture. While Sv2 or p2pool revival has a chance at improving this, the push for increased expressiveness on bitcoin and the [MEVil](/2024/04/16/stop-calling-it-mev) that may come along with it may all but close the door to decentralized mining.
+Worse, with mining (pools) as centralized as ever and relatively little desire to change from most miners, every layer of bitcoin is centralized and ripe for regulatory capture. While Sv2 or p2pool revival has a chance at improving this, the push for increased expressiveness on bitcoin and the [MEVil](/2024/04/16/stop-calling-it-mev) that may come along with it may all but close the door to decentralized mining.
With where bitcoin is today its hard not to see a bleak vision of the future. Building a system that enables trustless global transacting was always going to be an uphill battle, but I always anticipated most bitcoiners would remain focused on this goal. Instead, today, the bitcoin community is focused on petty squabbles and [increasingly headed for yet another civil war](https://twitter.com/reardencode/status/1789288446420521289).
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