Describe the bug
I'm not 100% sure how users are figuring this out, but I have figured out a way to replicate.
If a Reusable Block self-references, it will crash the post and the editor. This was originally found on a WordPress.com site, and can be replicated on WordPress.com. When tested on a core install, it was able to reproduced as well.
I also tested on a core install and was able to reproduce issues there, specifically fatal errors due to timeouts in /wp-includes/class-wp-block-parser.php on line 417 and /wp-includes/class-wp-block-parser.php on line 417.
The original bug report was filed in wp-calypso, here: https://github.com/Automattic/wp-calypso/issues/38929
It looks like this was also reported in 2018 (https://github.com/WordPress/gutenberg/issues/11206), but was closed. We've had a number of users somehow replicate this on .com, so reopening to see if this can be looked into again.
To reproduce
Steps to reproduce the behavior:
<!-- wp:block {"ref":BLOCK-NUMBER-HERE} /--><!-- wp:block {"ref":BLOCK-NUMBER-HERE} /-->Expected behavior
The Reusable Block to not crash the editor and the pages.
Screenshots
This .gif was taken from the original report on a WordPress.com hosted site:

Desktop (please complete the following information):
This works on all desktops/browsers. Originally discovered on:
Windows 10
Chrome Version 80.0.3987.149 (Official Build) (64-bit)
Additional context
@scosgro It looks like some of the instructions in your steps for reproduction are missing. Would be great if you could update that.
- When editing the block in the classic editor, make the block refer to itself by adding:
- If you don't have the Classic Editor option, change from Visual Editor to Code Editor, and make the block refer to itself by adding:
Code was disappearing. Sorry about that. Fixed!
Duplicate of https://github.com/WordPress/gutenberg/issues/18704.