Bitcoin Governance

What is Bitcoin governance?

What is the purpose of Bitcoin’s governance?

  • Matt Corallo argues that trustlessness is the most important property of Bitcoin. Matt defines trustlessness as “the ability to use Bitcoin without trusting anything but the open-source software you run”. Without the property of trustlessness, all other positive outcomes are jeopardized.
  • Daniel Krawisz argues that maximizing the value of a bitcoin is what governance de facto optimizes for. Daniel states that “the general rule about Bitcoin upgrades […] is that upgrades which increase Bitcoin’s value will be adopted and those which do not will not.”

How does the current Bitcoin governance process work?

Research

Proposal

Implementation

Deployment

Enforcement

Has the current Bitcoin governance model resulted in more trustlessness?

Has the current Bitcoin governance model resulted in upgrades that increase Bitcoin’s value?

--

--

--

BitcoinAdvisory.com

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

My Love/hate relationship with crypto

In the latest edition of Down the Rabbit Hole, Meet Autoglyphs by @larvalabs 👋

GameStop, influencers and the need for a trust-based social network for investing

Lightning Hood Weekly Round-Up For The Past Week In Bitcoin, June 10–16, 2019

STO Registration Procedures in the Russian Federation

Weekly Crypto Markets Digest #2 Aug 03 — Aug 09, 2020

HIGHLIGHTS FOR JULY: TWITTER EDITION CONT.

DigiByte proposal for Venezuela, our last fundraiser, and the next steps

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Pierre Rochard

Pierre Rochard

BitcoinAdvisory.com

More from Medium

Bitcoin News Recap

Tron to Launch Decentralized algorithmic stablecoin “USDD” in May

Crypto Hardware Wallet Review: The Top Wallets

Storing your bitcoin? Funds are safu?