
0xTodd|Aug 02, 2025 10:00
Not tolerating minoritiesConcept - Economic minorities can encourage the majority to act according to their rational economic interests, thereby making the majority yield to their will.
Under the AmericaF rule, any majority of miners can trigger it - it doesn't have to reach 95%, a majority is sufficient. Even with only 51% of hash power rejecting non SegWit blocks starting from August 1st, they will always have the longest chain.
When the majority supports it, for the sake of profit, all other miners have to send a support signal and activate SegWit - otherwise all their blocks will be isolated by the network, as no one is incompatible with money.
After all, it is a decentralized network, and although there are many mining tycoons, it has not reached the level of 51%. And the mining tycoons themselves have two options, 2x and 8x.
We can also find evidence of this from Bitcoin magazine's interview with American F developer Shaolinfry.
So, this is a user's pressure on miners, and it's hard to imagine such a thing happening in a PoW dominated world. It swapped the third and fourth steps of Bitcoin's upgrade mode:
1. Community developers (not necessarily Core) discuss BIP
2. Wallet developers release new client version
3. A large number of users voluntarily update the software and accept this result
4. When miners reach a support rate of over 51%, other opposing miners have to support for immediate benefits, and soft forks begin to be executed
In my personal opinion, this is also an important starting point for the politics of Bitcoin. It should be noted that in the world of PoW rules, computing power is naturally respected, and unarmed users have the opportunity to challenge mining bullies and ultimately win. This sense of honor is indeed addictive (including myself).
That's why we say that August 1, 2017, in AmericaF, was Bitcoin's Independence Day. Miners went from a conspiracy group to high-level workers, and users became the true owners of Bitcoin for the first time, completely establishing the separation of powers of Bitcoin (development legislative power, miners executive power, users judicial power). Eventually, it has become a behemoth with a market value of 2.2 trillion yuan today.
Finally, let's congratulate Bitcoin on its Independence Day!
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