The lesson drawn from this conflict was that Bitcoin would not be changed by an economically powerful group of individuals seeking to impose their will over the objections of the average users of the network. The oligarchs were forced to bow to the will of a group of vocal plebs. And, crucially, this power dynamic proved Bitcoin’s decentralization.
- Bitcoin’s Value Depends on Its Decentralization
Written by Bankerage Published on February 17, 2022