Most people think Bitcoin governance is decentralized. It’s not.

Here's the uncomfortable truth:

You don’t need 51% of miners to change Bitcoin.

You just need 5 Core maintainers and a network of node operators who click “update” without reading.

That’s not decentralization.

That’s blind trust in a gatekeeping elite.

Here is how.

Bitcoin's 51% hashpower rule protects against double-spends, not protocol changes.

Changing the rules requires consensus. but in practice, consensus often follows the code, not the other way around.

When Core maintainers approve a change, it propagates silently.

Most node operators don’t audit code.

They trust.

They comply.

Exampl: #OPRETURN

Core removed the 80-byte limit with almost no discussion.

Thousands of nodes implemented it automatically.

Most had no idea what changed.

That quiet change triggered a silent revolt:

#Knots node usage surged 137% as informed operators rejected Core’s move.

But let’s be real:

That’s a small, technical elite.

Most #node runners are flying blind.

This creates a hidden centralization vector:

#Core devs don’t just write code. they decide which changes even get considered.

If they don’t approve it, it doesn’t reach the network.

They control what’s ‘acceptable’ and that shapes Bitcoin’s future more than most realize.

They decide which changes are “reasonable.”

And that shapes Bitcoin’s future. far more than people admit.

This isn’t about malice.

It’s about structure.

Complexity creates dependence.

And dependence creates power.

#Bitcoin’ s biggest centralization risk isn’t hashpower.

It’s the silent authority of trusted code maintainers (of the most dominated node sotwares out there) and the myth that decentralization protects us from that.

The bitcoin we use today is the result of the open source rough consensus process you say is centralized. We are in fact all talking about a proposed change before it happens and every node operator can then decide whether to update their software or not. Trying to ruin trust in the process and pushing people to software without that same in depth review process might be the real attack vector

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Discussion

Is this "in depth review process" that which led the Core team to even suggest removing the possibility for node runners to decide what they will accept in their own mempool?

The same "in depth review process" that dismissed the inscriptions fix as too controversial and rather let the utxo set go to shit?

Yes it is. That is why there has been 100% uptime and no one has had any bitcoin stolen due to bad code. I hate what I think is spam in the database but I hate bugs and insecure software even more. My bitcoin will continue to be protected by a node running bitcoin core software.

I don't understand how allowing limitless OP_RETURN or not filtering inscriptions at mempool level protects theft of funds.

If anything, my opinion is that it allows for bitcoin debasement.

Nobody I guess uses his bitcoin core as a hot wallet anyway.

If you accept bitcoin for something you gave (dollars, work,product). The only way you can make sure it is real bitcoin is to have your node verify its real which it does by the software it runs. Good luck with your alternate implementation of Bitcoin software 🚁👍🏻

gaslighting much?

Nope. Hoping to keep people from regretting their decision to abandon Core and choose another bitcoin implementation like Knotts. In the end we all choose what software we run and get live with our decision.

Knots has been around for more than 13 years and hundreds of thousands of blocks have been mined with it. I’m pretty confident about it. There’s a non zero chance that there might be some hidden problem with the code but the same thing applies to Core and at this point they’ve lost all credibility.

Ocean had only found 11,895 blocks, and that's if you count the ones found by Eligius.

Actually you’re correct, it turns out I’ve been looking at the “blocks mined” metric. Don’t know why I’ve confused the two and was pretty sure about it on top of that. 🫣

Some want bitcoin to just stay sound money. Because this is what they signed up for. And this is exactly what it got bitcoin to what it is today.

There shouldn’t be a trust to rely on. There should be enough curiosity and sovereignty to take the right decision on our own.