Part 6/17:
This neutrality is the foundation of Bitcoin's censorship resistance and privacy. Unlike traditional financial systems, Bitcoin does not require identities or geographic boundaries, making it inherently resistant to censorship and surveillance. Antonopoulos vividly illustrates this with the example of spam transactions, arguing that the concept of “spam” is a normative judgment—any transaction with a fee is simply a reflection of its perceived value.
He believes that market mechanisms will naturally determine legitimate transactions, thereby replacing arbitrary control and censorship.