>No Bitcoin is not a democracy; it’s called a 51% attack for a reason This quote is quite reductive of all the game theory involved with Bitcoin and I'd argue

>No Bitcoin is not a democracy; it’s called a 51% attack for a reason This quote is quite reductive of all the game theory involved with Bitcoin and I'd argue against Bram on his statement. In fact, Bitcoin is a democratic protocol. Nodes organize around which miners meet their protocol's consensus settings. All that a miner with >50% of the hashrate can do is attempt to reorg a chain of blocks to double spend or DoS the chain by not including certain transaction. A miner with >50% of hashrate cannot force me to accept blocks bigger than my consensus rules state or accept some new ScriptSig with different OP codes.