In summary to the text published by nostr:npub1t289s8ck5qfwynf2vsq49t2kypvvkpj7rhegayrur0ag9s2sezaqgunkzs

➡️ The “block size war” in #Bitcoin was not so much about block size as it was about who controls the consensus rules and how the protocol is updated.

➡️ Startups such as #Coinbase, #Bitpay and #Blockchain.info were looking for scapegoats to justify their lack of growth during a bear market.

➡️ Companies saw themselves as representing the interests of venture capital (VC) investors and believed they had decision-making power over the network.

➡️ Developers like Gavin and Garzik may have feared losing relevance.

➡️ Companies like #Bitmain had an interest in influencing network decisions, promoting the idea that Bitcoin was a democracy and that buying hash power was the way to vote.

➡️ The lack of a formal governance process was seen as the root of the problem.

➡️ Bitmain used your refusal to activate #SegWit as leverage to get a block size increase.

➡️ The New York Accord was negotiated as a behind-the-scenes deal, uniting startups, investors, and Bitcoin #mining interests.

➡️ #SegWit2x was proposed as part of the deal, but was eventually abandoned after realizing it would lead to a chain split.

➡️ Many people were angry at not being able to control the network, leading to abrupt exits and the creation of other #cryptocurrencies.
nostr:nevent1qqs0ehvcfdzks7qy62qr6lkers0zqd7ry89lp7n6435d96ky96g908cpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qgs94rjcrut2qyhzf54xgq2j44tzqkxtqe0pmu5wjp7ph75zc9gv3wsrqsqqqqqp8gunkc