Michael Saylor: The Future of Bitcoin Shaped by Dynamic Consensus Among Nodes, Miners, and Holders

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On July 3, Strategy founder Michael Saylor stated that the future of Bitcoin is shaped by the dynamic consensus among nodes, miners, and holders. Influence is weighted by power: nodes rely on transaction power, miners depend on computational power, and holders leverage economic power. He noted that protocol changes only dominate when validation, security, and capital reach consensus. Brands, laws, politics, technology, institutions, culture, and physical power can influence the Bitcoin debate but cannot determine consensus. They exert second-order influence by persuading, coordinating, constraining, or mobilizing nodes, miners, and holders.
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