Guy Swann(@TheGuySwann):People have been saying that because the UASF succeeded in 2017, but BIP110 failed, it means the mining pools are now in charge. That the suitcoiners run Bitcoin. To the contrary, a clear picture of the balance of power between miners, ecosystem builders, and the nodes/users actually tells us why BIP110 failed, and the UASF succeeded. The difference isn't in Bitcoin being captured (regardless of any other changes good or bad), the difference is a misunderstanding of history and why the UASF won.

Guy Swann

@TheGuySwann

Liberty is a technology problem • Host of @BitcoinAudible • Professional Memecraft • Audiobook Narrator

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Guy Swann@TheGuySwann

2026.08.20 17:11

People have been saying that because the UASF succeeded in 2017, but BIP110 failed, it means the mining pools are now in charge. That the suitcoiners run Bitcoin. To the contrary, a clear picture of the balance of power between miners, ecosystem builders, and the nodes/users actually tells us why BIP110 failed, and the UASF succeeded. The difference isn't in Bitcoin being captured (regardless of any other changes good or bad), the difference is a misunderstanding of history and why the UASF won.