Bitcoin : Social consensus always precedes Nakamoto consensus
There seems to be a creeping and coercive sentiment that:
***”Your opinion means nothing unless it’s backed up by hash power.”***
This sentiment is repeated in order to silence opposing opinions in the community and will cause serious problems for any group of miners which adopts this mantra.
What is true is that miners decide which chain is longest. The users however ***always*** have the final say in whether they use it or not. What good is the longest chain with growing disadoption? This is why social consensus is more important than Nakamoto consensus and open debate is paramount. If the user base feels the miners are misaligned with their interests then they will feel disenfranchised and leave the community. The miners are economically incentivised to listen and communicate with the users honestly.
Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority.
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