The Bitcoin Constitution: Michael Saylor's Immutability Doctrine and the Risk of Governance Ossification
Michael Saylor did not just call Bitcoin code a constitution. He drew a line ...
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Fear
Market Sentiment
Block reward reduced to 3.125 BTC
92 million ARB released
Team and early investor shares released
Circulating supply increases by about 2%
Block reward halving event
Raises validator limit and account abstraction
Improves data availability sampling efficiency
Independent validator client goes live on mainnet
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