Bitcoin governance is fascinating. There are 4 main actors each with unique powers: miners, developers, investors, and economic nodes. For now, economic nodes are largely exchanges although this will grow in the future as payments take off (merchants, e-cash mints, LN routers).

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I feel like it has to be qualified that economic nodes' power is of a different quality. And yet I definitely don't disagree that these 4 categories exist, but also, line between investors and economic nodes is very blurred.