Delving deep into Bitcoin's governance, Steve Lee from Spiral offers a masterful dissection of Bitcoin's intricate consensus mechanisms and the stakeholder dynamics that govern protocol upgrades. With experience in product management and open-source development, Lee navigates through the potential risks of soft and hard forks, unraveling how diverging stakeholder motivations—ranging from miners to developers—play a critical role in shaping Bitcoin's evolution. But as the daunting challenge of balancing innovation with stability looms, what surprising revelations does Lee uncover about Bitcoin's future governance? The answer is more complex and strategic than you might think.