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73. Bitcoin and Time with Gigi

The Bitcoin Standard Podcast

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Is Bitcoin Immutable?

I think changing Bitcoin is not an exercise in software engineering. It's a social exercise. You have to convince everyone who is running a fully validating node to adopt your new rules. And just because we have, you know, this intrinsic gen minority of toxic maximalists that just will not change the 21 million no matter what kind of cookies you try to give them. I'm not sure whether it's really the software and the nature of the network that makes it immutable or if it actually is the intransigent community. But there's a good case to be made that the only reason that they can do this,. that they can afford to remain intransigent is because of the network.

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