4 ms·
Since currency is created by consensus, it's inherently political. Currently the political system underlying bitcoin - in which formally, decisions are made by
by s17n 9y ago
Since currency is created by consensus, it's inherently political. Currently the political system underlying bitcoin - in which formally, decisions are made by voting with hashing power and informally, the bitcoin core developers and a handful of large miners / pool operators have enough power to call the shots - is a disaster.
However, even deeper than this social/political structure is a value system shared by bitcoin users - there are some changes to the system that would not be accepted by users no matter how much hash rate or which influential community members backed them.