"Bitcoin is inherently a permissionsless system. For protocol changes specifically, it 'just' requires users to upgrade their software. […] I'd say it's still 'true enough' to state it this way."
"If a protocol upgrade makes Bitcoin (say) more scalable or more private, there is actually good reason to think this would make Bitcoin more valuable, which in turn means there is good reason to think miners will activate the upgrade."
"Just owning lots of bitcoin does not give you a 'say' on which side of a chain split is more valuable. Initially, everyone receives coins on both sides."
"Would big institutions really be willing to bet everything they own on the version of the protocol without the upgrade? That's a big assumption to make."
Collection
[
|
...
]