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How Justin Bons Reconsidered His Thesis About Solana

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Bitcoin Governance and Social Consensus

Bitcoin's code can be changed through social consensus as there is no central authority controlling it. The critique of Bitcoin Core is that it acts as a gatekeeper to decision-making, as majority node agreement is required for governance changes. Proof of work was designed to prevent civil attacks, emphasizing that consensus cannot be based on 'one IP, one vote' due to the ease of spinning up multiple nodes. The idea of a perfect meritocracy and egalitarian utopia in Bitcoin governance is considered a delusion, as it does not align with the complexities of real-world decision-making.

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