3 ms·
I'm sure I am overlooking something obvious when I say this, but I never thought a foundation model (at least, as executed) made sense for Bitcoin in the first
by unclebucknasty 12y ago
I'm sure I am overlooking something obvious when I say this, but I never thought a foundation model (at least, as executed) made sense for Bitcoin in the first place.
The whole point of Bitcoin is decentralization, removing the requirement for trust, etc. The idea of a centralized foundation vested with representing, effectively, the entirety of "Bitcoin's Interests" strikes me as diametrically opposed to that concept. The members of the foundation have various interests that may or may not be in keeping with the spirit of Bitcoin, and such an organization provides perfect cover for re-making Bitcoin in their image.
This first occurred to me when the foundation became the de facto spokesbody in response to Congressional and regulatory inquiry. How did these self-appointed people suddenly have the right to decide what regulation, etc. was acceptable to the whole of the Bitcoin community?
Surely, there needs to be some advocacy. But, it seems that such advocacy would take a more radical, de-centralized, democratic form that is more akin to Bitcoin itself.
- rdl 12y agoI think what's important is having some way to pay Gavin and a few others. The rest of it really doesn't matter, and can be done in a decentralized way. In fact, I'd be a lot happier if the organization employing the core devs didn't have an active policy position at all.
- melville_X 12y agoI'd support a software focused Bitcoin foundation, not a politically focused one such as the current one. Somewhat like Linux foundation but more decentralized by design.