Saylor's three-way checks and balances are quite insightful—nodes, miners, and holders form a tripartite separation of powers, preventing any one party from unilaterally changing the rules.

Wu learned that Strategy founder Michael Saylor stated that the future of Bitcoin is shaped by the dynamic consensus among nodes, miners, and holders: nodes rely on transaction verification rights, miners rely on hashing power, and holders rely on economic power. He believes that Bitcoin protocol changes only take effect when verification, security, and capital all agree. Saylor added that brand, legal, political, technological, institutional, and cultural forces can influence discussions but cannot directly determine Bitcoin consensus.