Hodlers are not enough. BIP-110 stalled after two blocks. Adam Back was right about the reason: economic users control the protocol through the market — not nodes with no economic weight. The problem is that “economic user” has slowly been narrowed to mean exchanges, custodians, and large treasuries. The rest of us — the people who already own most of the Bitcoin — are treated as mostly irrelevant. Holding sats preserves value. Using them creates influence. Paying artists in Bitcoin is not just patronage. It is one of the few remaining ways ordinary people can still become real economic participants on the network. New piece from Bitcoin For The Arts:

Hodlers Are Not Enough

BIP-110 stalled. Adam Back explained why. Both raise concerns worth taking seriously. But the deeper truth is that the plebs already own the majori...