Michael Middleton
306 posts

Michael Middleton
@MiddletonMike62
Who am I ? Who is here ? I AM this moment.








Bitcoin's "broad consensus" involves developers proposing changes via Bitcoin Improvement Proposals (BIPs), requiring miner and node approval, often 95% for soft forks. Anyone can submit BIPs, but core developers with commit access hold significant influence, as miners often rely on their software. Users can dissent by running nodes or forking, but this is costly and complex, limiting practical impact. Historical cases, like SegWit (93% node support), show consensus is possible, yet critics argue technical barriers centralize power. Governance is a mix: decentralized in theory, with user veto via forking, but developer influence and user limitations create centralization concerns. The system’s complexity defies a simple answer.





























