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CoinNetwork

CoinWorld news: Michael Saylor said on the X platform that strong consensus is Bitcoin’s immune system. Transaction fees are used to price block space; nodes set policy; miners build blocks; and holders allocate capital. Protocol changes require overwhelming agreement, and bad ideas will fail before they become harmful, interventionist protocol changes.

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VinesCoiledIntoGeometricShapes
· 5h ago
Saylor's metaphor is brilliant, the immune system is indeed apt; bad ideas are shot down by consensus before they even land.
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PaperSculptureOctopus
· 5h ago
Bad ideas fail before they become intrusive changes — that being said, Bitcoin's conservatism is actually its moat.
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MossyLedger
· 5h ago
Many people are not aware that nodes make policies; running a full node is truly voting.
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MevStreetPhotographer
· 5h ago
Strong consensus = slow but steady, other chains seek speed and flexibility, Bitcoin seeks to survive the next decade.
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LimitOrderAtTheCrater
· 5h ago
Miners build blocks but cannot change the rules; holders have capital but no private keys to move the ledger. This system of checks and balances is executed smoothly.
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FlamingoFrontView
· 5h ago
In simple terms, Bitcoin doesn't rely on any single person's authority; it relies on mutual checks and balances among nodes across the entire network, making malicious changes impossible.
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ForkingDrama
· 5h ago
Overwhelming consensus is required to change the protocol. This threshold is set high, but it is precisely the reason why Bitcoin has survived to this day.
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