Lonelypumpkins on Nostr: The block size war was indeed a case when the will of the majority of network ...

The block size war was indeed a case when the will of the majority of network participants won out over a few very powerful actors. If the magnificent 7 wanted to hard fork the internet, so to speak, and coordinated, it would happen. Bitcoin resisted such an attempt.

Economic nodes were a big part of winning the blocksize war. Sure, individual node runners ran and signaled UASF. The nail in the coffin for S2X was exchanges declaring the original fork is BTC, and listing futures markets for the fork tokens, which demonstrated the market valued BTC way more than S2X.

Holding BTC doesn't give one control over the network directly...fiat incentives can begin to exert negative influence over the network though. The economic nodes are a big part of how things have played out and will play out.

Worst case scenario...a new soft fork is built and disseminated to miners and exchanges (which are most of the economic nodes) that only permits paying to addresses on a KYC-ed and approved list kept and updated by some govt agency. Will that create a chain split? You bet. Each fork, bitcoin & cuckcoin, will have a different value. The network effect power will trend towards the economic value of each chain.

No one stayed with bcash after a few years...messy, but ultimately definitive. It'd be a much messier situation in the scenario above.