In this episode, I unpack the claim that BIP-110’s failure proves corporate miners and suitcoiners now control Bitcoin. I walk through the real dynamics between miners and validating nodes, compare BIP-110 to the UASF, and explain why broad consensus is strictly required to change Bitcoin’s rules. Ultimately, BIP-110’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 BIP-110 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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Host Links
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