bitcoin “governance” will always be messy and chaotic because a formalized governance process is a security hole

Replies (29)

Every organization that functions like a pyramid is always eventually infiltrated by those who want to destroy it, or use it for their evil objectives. Decentralized organizations and governance are better.
A free market of ideas is best. I like the idea of more implementations of node software. I'm also game for having the conversations we can here on Nostr. Fuck the rest.
drea's avatar
drea 11 months ago
there is no governance in Bitcoin, but there is reverence, which is a form of post-humous governance, in that one remembers the essence and spirit of Satoshi and leads the way for a future that even he could not fully imagine. you don't have to follow.
ODELL's avatar ODELL
bitcoin “governance” will always be messy and chaotic because a formalized governance process is a security hole
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In other words there is no governance. It's a kind of "same goal" contract between all actors (miners, nodes, devs and even users). Because they all have to maintain the blockchain working anyway. Altogether, even if they don't agree.
Neowulf's avatar
Neowulf Neowulf 11 months ago
A fixed set of rules will be gamed Even rabbits and other prey animals dart left and right in a pattern approaching randomness when escaping. Nature knows.
supermass's avatar
supermass 11 months ago
third parties (and formalized governance processes) are security holes
markonyte's avatar
markonyte 11 months ago
True. Also, Peter Todd seems like a fuckwit