Since we’re still talking about hash wars, I don’t want to comment on the whole BCHABCDEFG shenanigans but I do want to point you in the right direction. There’s a common misconception that miners control Bitcoin. And if you think control , I can’t get mad at you, it’s also not a super intuitive concept to understand. miners Bitcoin Miner consensus is only relevant if they mine valid blocks. If they mine a different “coin”, users are not obligated to switch. A miner can spent billions of dollars on energy and hash rate mining blocks…but if it doesn’t follow the rules to which you agree, you can reject those blocks. Folks running nodes are that checks everything in accordance with the current consensus rules. independent validators (You can read more about this 👇) _Scroll down to read the content as a standard plain text article. Click here to download the full resolution PDF…_medium.com The #Bitcoin Balance of Power Poster TL;DR — No nodes, no consensus. If you want to understand this better, check out Pierre Rochard’s speech on Bitcoin governance. I’ll end this recap with a dose of hopium Bitcoin price is ~84% cheaper than last year…yet it’s more mature, developed, lindy, etc… What a time to be alive…….. Don’t say I never done anything for you.
