Hey Simon, long time no see, you might not remember but we met in HK back in the day.
I listened to these three episodes. There's one point of nuance you're missing with regards to who has power over the protocol.
The rolling set of people who receive bitcoin in exchange for something else hold all the power. They can override the developers, node operators, miners, and even exchanges.
I explained it here a number of years ago so it needs updating but you get the idea:
https://youtu.be/X_xgmVLyB94
gsovereignty
npub1my…psn5p
2026-03-04 15:00:29 UTC
in reply to nevent1q…aq7y
Author Public Key
npub1mygerccwqpzyh9pvp6pv44rskv40zutkfs38t0hqhkvnwlhagp6s3psn5pSeen on
wss://relay.primal.netPublished at
2026-03-04 15:00:29 UTCEvent JSON
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