100% of the power over the bitcoin protocol is held by the rolling set of individuals who are receiving bitcoin in exchange for something else.
A node’s power over the rules of the network is directly proportional to what goods/services (or other currencies) will be withheld from a trade if that node rejects a transaction.
Miners and developers etc only have power that is given to them by that set of participants. If they ignore those participants then devs write code no one will run, and miners mine a coin that no one will buy.
gsovereignty
npub1my…psn5p
2026-10-25 14:41:01 UTC
in reply to nevent1q…vku8
Author Public Key
npub1mygerccwqpzyh9pvp6pv44rskv40zutkfs38t0hqhkvnwlhagp6s3psn5pPublished at
2026-10-25 14:41:01 UTCEvent JSON
{
"id": "26cf726be4005a3ed8393001e716caa1361756f658e3606107dc3bcc40250e86",
"pubkey": "d91191e30e00444b942c0e82cad470b32af171764c2275bee0bd99377efd4075",
"created_at": 1792939261,
"kind": 1,
"tags": [
[
"e",
"b40a4a46165014896cc5fa49b6feb90f60b46f5b82e13c321bb9e322c2282c51",
"wss://nos.lol/",
"root",
"3d2e51508699f98f0f2bdbe7a45b673c687fe6420f466dc296d90b908d51d594"
],
[
"e",
"000005cb7e0f4e59de2ddf93153c8d414c04d9e80b06517c3aacb87dc6bf7185",
"wss://nostrelites.org",
"reply",
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],
[
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],
[
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],
[
"client",
"Damus"
]
],
"content": "100% of the power over the bitcoin protocol is held by the rolling set of individuals who are receiving bitcoin in exchange for something else. \n\nA node’s power over the rules of the network is directly proportional to what goods/services (or other currencies) will be withheld from a trade if that node rejects a transaction.\n\nMiners and developers etc only have power that is given to them by that set of participants. If they ignore those participants then devs write code no one will run, and miners mine a coin that no one will buy.",
"sig": "770e06a036001e03d67252028abe96c247c8c369a2c9908c3a15fa4f60fe15a2eabb3c6829791e23c3ceec6c028938055625beef7146dc4db9b997da150a54bd"
}