Published on September 16th, 2017 | by bitcoin0
long is word
At first, it seems rather simple: miners have the final say on which code changes to accept because that’s the way Nakamoto consensus works.
If the economic majority is signaling as of Aug. 1st, miners have many incentives to follow along.
Then, of course, there are the merchants and their payment processors, such as BitPay, whose opinions must be taken into account.
Their support is most important of all, yet from a technical standpoint, they essentially have no say in the matter.
Trust is one of the most precious resources in the universe, and once betrayed, it grows back ever so slowly.