Author: NxtChg 2015-08-18 09:46:11
Published on: 2015-08-18T09:46:11+00:00
In a conversation between Eric and an unknown individual, the topic of Bitcoin's centralized governance is discussed. The individual argues that the risks of a fork or larger blocks are less problematic than Bitcoin's centralized governance. They believe that hard forks are necessary for Bitcoin to remain decentralized and that trying to suppress them through dictatorship methods will ultimately lead to failure. The individual proposes a more complex voting mechanism in the block header and other initiatives to make forking more reliable and user choice easier as a solution. They also provide a link to a proposal for a new header format for those interested. Overall, the individual emphasizes the importance of decentralization in Bitcoin and the need for reliable processes for hard forks to occur.
Updated on: 2023-06-10T20:01:30.422710+00:00