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Is the bitcoin "government"-equivalent competent? My impression is that it's not, because Satoshi basically left control of the software & network (and thus cur
by kevingadd 3y ago
Is the bitcoin "government"-equivalent competent? My impression is that it's not, because Satoshi basically left control of the software & network (and thus currency) in the hands of a bunch of randos of questionable competence. The result was all the infighting over stuff like block size changes. It hasn't collapsed at least...
- Ferret7446 3y agoThe bitcoin "government" is truly democratic by compute. Infighting is good (for now) because it creates stability (which is arguably the same reason why democratic/representative governments are good in general).
- wmf 3y agoThe idea is that no governance is required because the rules will never change. That has mostly held so far but it will be interesting to see what happens long term.