why are you going off on censorship resistance? PoW isn’t about censorship, it is about the ability to not trust a third party for transaction confirmations
Trust a third party to do what? Bitcoin and ETH were designed so that you don’t have to trust a third party not to censor your funds, or confiscate them. The cryptographic aspects of Ethereum provide most of the resistance against theft (if someone doesn’t have your private keys, they can’t move your funds). The PoW mechanism allows double spending to be solved in a decentralized way, and the purpose of that decentralization is censorship resistance.
Putting hash rate into the hands of a few small companies (the ASIC manufacturers, who are well known bad actors), is the most censorship driven thing you could possibly do.
It’s unclear whether ASIC manufacturers pose much risk.
I’ve decided to create a thread just about the object-level discussion regarding whether ASICs are good or bad for Ethereum, to ensure that this thread stays focused on governance: