If even a single mining pool operator sends out a tweet that threatens Bitcoin in some way, it can instantly crash the price and have many people concerned about the near future of the network. Voting-by-wallet has an instant impact on the other stakeholders, which need to adapt to this behaviour. If users disagree with anything developers, miners or businesses say or do, they can vote with their wallets by leaving a service or selling their bitcoin.
Hoping it will get adopted or improved upon.This means that all that developers can do is:
#Moon bitcoin core code
This gives all stakeholders plenty of time to question decisions and motives on this fully transparent process.ĭevelopers can try to convince other stakeholders that their approach is best, like literally going to visit them around the world, but if their code doesn’t reflect that, it won’t fly, because the vast majority of nodes still need to accept changes. Everything they do gets thoroughly discussed, publicly published and peer-reviewed to the moon.Įven if a developer proposes an idea that is harmful to bitcoin, the network remains largely unaffected because it takes weeks, months or years until the development is complete and the eventual live implementation of the code. Developers:Ĭore developers work with an admirable level of transparency. I disagree that developer “centralisation” is the biggest threat to bitcoin, because in my eyes, developers actually have the least power in Bitcoin of all the stakeholders.
I’m not talking about trolls, but people with this legitimate concern. Why developers have the least power in BitcoinĪ small group of Bitcoin users is convinced that “Blockstreamcore” is the biggest threat to the future of Bitcoin.
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