Who Actually Controls Bitcoin (Miners, Corporations, Whales?)

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In this video, I discuss whether Bitcoin miners, large corporations, or Bitcoin whales control Bitcoin, in the context of the 2017 SegWit2x failed hard fork.

That controversy and its outcome teaches us that Bitcoin is controlled by the full nodes that monitor the network. You can fork the software, but you cannot force full nodes to go along with it, even if you are a powerful corporation or Bitcoin mining company.

In the future, I expect Wall Street to try to take control of Bitcoin using a hard fork (forced, non-backward-compatible software upgrade). And I expect full nodes worldwide to resist.

Bitcoin is not controlled by whales or mining pools. Anyone can dump their Bitcoin and try to force the price down, but they will also force the price back up as they attempt to get back in.

Bitcoin is the most open, transparent, fair money in the history of the world.

Not investment advice! Consult a financial advisor.

New York Agreement:
https://en.bitcoin.it/wiki/New_York_Agreement

SegWit2x controversy:
https://en.bitcoin.it/wiki/SegWit2x

Grayscale abandons SegWit2x:
https://www.prnewswire.com/news-releases/grayscale-investments-llc-announces-abandonment-of-bitcoin-segwit2x-300622765.html

Coinbase abandons SegWit2x:
https://blog.coinbase.com/bitcoin-segwit2x-update-b69a1c1e5ece

Map of Bitcoin full nodes:
https://bitnodes.io/

My favorite Bitcoin dashboard:
https://bitcoin.clarkmoody.com/dashboard/

How to run a Bitcoin full node yourself:
https://bitcoin.org/en/full-node

Bitcoin stock to flow model:
https://decentrader.com/charts/stock-to-flow-model/

https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25

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https://www.trader.university/join
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I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#BitcoinAnalysis

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