Bitcoin governance refers to the collection of processes, mechanisms, and participants involved in making decisions about the Bitcoin network’s rules, protocol upgrades, and overall development. It is a form of decentralized governance in which no single entity has control; instead, decisions emerge through consensus among developers, miners, node operators, and users. Governance in Bitcoin typically revolves around open-source development discussions, Bitcoin Improvement Proposals (BIPs), and the adoption (or rejection) of changes by network participants running compatible software.
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Why BIP-110 Looks Dangerous to Michael Saylor and the Institutional Bitcoin Crowd
BIP-110 is not just another fight over Ordinals, inscriptions, or blockspace etiquette. It has become a live argument about how far Bitcoin can change its consensus rules, how fast that change should happen, and...