If you can incentivize a pool to mine jpegs rather than real transactions that you can sell at 1+x the cost to mine, why would you need any hashpower at all? This completely removes difficulty adjustments from an attack. Especially if you can literally create jpegs and shitcoins and uninformed people will buy them, gamble with them. It would make a pretty neat psyop. mind you I don't believe this is true, just doing the red-team thing

Governments can print money. It takes time for currencies to devalue against BTC on the open market, unless said printer would be used to directly buy BTC, when they're being printed and initially spent. Also this doesn't have to be done transparently. We don't really know that we can defeat large governments that actively attack Bitcoin. We will probably find out one day when we're in an oversold dip? Hopefully not soon though.

I agree that it's good that this happened, because there's tons more monitoring now and tons more discussion, even though it's very fucking cringe at times. I hate the narratives and personas, though. I personally subscribe to Peter's libre idea much more than to filters, but it's good that that's not the only opinion.