Bitcoin Forum

Greetings folks So, I am sure that we all know that there are a lot of reasons why Bitcoin has stood as the number one digital asset. That said the fact that Bitcoin is decentralized means there is no one in control so yeah Bitcoin as we know it doesn't belong to one person alone it belongs to everyone and, at the same time it still belongs to no one. That's why to upgrade the software  it's not easy because for that you will have to use what is called a BIP Bitcoin Improvement Proposal, which is like a good suggestion for something new. Unlike an election where we vote for who would be next in power, the Bitcoin network is different Why? Because it's more like a community. As I said earlier there isn't anyone in charge. If an upgrade was to be made in the software almost every developer, miner, and even we the users, have to agree to it and this agreement is known as a rough consensus. For example take the incident that took place in 2017 whereby a group of folks wanted to change Bitcoin so that it would be faster basically, their goal was to double the block size back then. https://bravenewcoin.com/insights/segwit2x-hard-fork-abandoned-what-happened-and-why. But unfortunately it was turned down by many users. Why? Because the software was too risky, although there isn't anyone in charge, it's easy to say we the users have to agree to it....

​However am sure  all this are  to protect the Bitcoin network from losing its value. Because if changes were to be made without anyone agreeing to it then the Bitcoin network as we know it would have had thousands of hard and soft forks which could eventually  affect the Bitcoin 21 million coins. That's why for that not to happen only safe changes are acceptable. That's just it folks every new software must agree to work with the old software...

Bitcoin is definitely so there is no single person or group it changes it is owned by all and none at once to update the software developer minner and the user needs to agree though Bitcoin improvement proposal this method of reaching consensus helps to keep the network values and the integrity intact

Everyone can see that no one controls Bitcoin, as demonstrated by rough consensus. Anyone can propose changes through a Bip, but no one can change anything by themselves. It's only when most people agree, of their own volition, to run the same program, that's when the changes stand. This is what separates Bitcoin from systems which impose decisions from above.

It became clearly stated during the 2017 block size debate. Even when there were strong influential voices pushing for change, the network voluntarily delayed. That was no opposition against progress, but a choice made by the system in order to protect Bitcoin's features, particularly its limited supply, and to rely on long term. Bitcoin's systems are easily manipulatable if upgrades are easy.

I believe this is one of the reasons Bitcoin has not lost its value, this slow consensus dialogue. A monitary network that belongs to the people must change slowly, and rough consensus on upgrades promotes this network to change while still upholding user trust.