EventIn person

Book Club Series: The Blocksize War (Austin Software Cooperatives) Part 10

AUG5
19:00
  • This multi-part reading group explores The Blocksize War, focusing on Bitcoin governance, protocol changes, and decentralized decision-making.
  • It is designed for engineers, product builders, and cooperative organization members interested in governance lessons.
  • Participants will learn about consensus, forks, coordination, and parallels to cooperative governance.

About this event

## Book Club Series: The Blocksize War (Austin Software Cooperatives) Part 10

We’re kicking off a multi‑part reading group on The Blocksize War—a narrative of the 2015–2017 fight over Bitcoin’s blocksize and the deeper question of who gets to change rules in a decentralized system. We’ll use the story as a springboard to explore protocol governance, incentives, credible commitment, soft‑ vs hard‑fork dynamics, user coordination (UASF), and “exit vs. voice”—with applied takeaways for cooperative organizations.

Focus: governance lessons, not price or trading.

### What we’ll cover

\\\ Who governs a system with no boss? \\Nodes, miners, devs, exchanges, users—and what “consensus” really means.
\\ \Mechanism design & change control: \\Soft forks vs. hard forks, signaling, activation thresholds, the role of credible exit.
\\\ Power and legitimacy: \\Why “coalitions” (e.g., NYA) aren’t the same as consensus; why simple rules beat back‑room deals.
\\ \Operational tradeoffs: \\Throughput vs. decentralization; client diversity; backward compatibility.
\\\ Co‑op parallels: \\Consent‑based changes, transparency rituals, and how to avoid “Fiat” control returning through process complexity.

### Schedule (First Wednesdays)

-\\ Session 1 — Wed, Nov 5, 2025\\\ Origins & Fault Lines (2009–2015): Throughput vs. decentralization; early “big‑block” proposals; why blocksize became a governance lever.Session 2 — Wed, Dec 3, 2025 2016: The Great Schism: SegWit design goals, miner signaling, exchanges, and “agreements” vs. actual consensus.

Session 3 — Wed, Jan 7, 2026 2017: UASF to Resolution: BIP‑level coordination, user activation, SegWit2x’s collapse, and the BCH split—lessons on credible commitment and collective action.
Session 4 — Wed, Feb 4, 2026 Aftermath & Lessons for Co‑ops\: What decentralized governance got right and wrong; translating principles into cooperative bylaws, comp, and decision rights.

### Who should attend

Engineers, product folks, co‑op builders, protocol

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