Friday hang out stream (BIP-110 etc.)
Ideas to take with you.
- 01
Nodes only have power if that power is continually tested – a governance mechanism never contested is functionally indistinguishable from centralized rule.
- 02
What makes Bitcoin structurally different is that consensus emerges from which node software people choose to run, so participation itself is the governance layer.
- 03
Fiat's power structure self-selects for those who can service its incentives, which is why long-standing figures with strong past contributions can still drift toward positions that protect fiat-adjacent interests.
- 04
In a soft fork, an intransigent minority of node runners can force miners to follow narrower rules, because miners follow profit rather than ideology.
- 05
Loud opposition to a grassroots proposal tends to backfire via a Streisand dynamic, because dismissiveness draws in the previously uncommitted attention that ultimately decides what runs.
