History & Governance • Estimated 30m

Economic Majority

history.economic-majority

The economic majority is the set of participants willing and able to accept Bitcoin in exchange for goods, services, or other currencies. This governance theory argues that miners cannot successfully impose a protocol change that the economically relevant users reject, because those users can refuse to recognize the resulting chain or assign it economic value.

Open visual node page • Browse the concept library

Curated resources (2)

• Bitcoin Wiki: Economic Majority (article) Original formulation of the theory and its relationship to miner incentives, merchants, and protocol changes.
• Bitcoin Wiki: Full Node (article) Related discussion of economic strength and why economic participants benefit from independently verifying the rules.

Direct prerequisites (2)

• Nodes vs Miners
• Schelling Points

Direct dependents (0)

• None

Canonical site description: Interactive Bitcoin knowledge graph with prerequisites, curated resources, and structured topic pages.