In this episode, I unpack the claim that BIP110’s failure proves corporate miners and suitcoiners now control Bitcoin. I walk through the real dynamics between miners and validating nodes, compare BIP110 to the UASF, and explain why broad consensus is strictly required to change Bitcoin’s rules. Ultimately, BIP110’s failure actually confirms Bitcoin’s defensive power structure rather than undermining it.
Chapters
(00:00:00) - Who Really Controls Bitcoin?
(00:02:15) - Defining 'real' Bitcoin nodes
(00:02:57) - Horse and carriage analogy
(00:04:20) - Why did BIP110 failed
(00:04:42) - What UASF and SegWit meant
(00:05:43) - New York Agreement bluff
(00:06:24) - Why UASF worked
(00:09:56) - Has anything changed?
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