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In this video, I discuss Bitcoin consensus, and who actually controls Bitcoin.

As a distributed global system without a leader or active living founder, Bitcoin relies on the messy process of economic nodes, miners, mining pools, exchanges, devs, hodlers, influencers/educators/podcasters working together to try to arrive at a consensus as to how Bitcoin should work and which features it should have.

The fact that Bitcoin is so difficult to change is a feature, not a bug, since if Bitcoin were easy to change, it would be an easy attack vector.

Not investment advice! Consult a financial advisor.

Analyzing Bitcoin Consensus: Risks in Protocol Upgrades:
https://github.com/bitcoin-cap/bcap

Bitcoin Scaling Agreement at Consensus 2017:
https://dcgco.medium.com/bitcoin-scaling-agreement-at-consensus-2017-133521fe9a77

Segwit 2X fails:

Bitcoin Price Analysis – SegWit2x shelved, community relieved

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#crypto
#consensus

Disclaimer
Neither Matthew Kratter’s Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.